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Looks like some have freed up some money to play this rally..I'd be careful..the market gives me the impression of a dead cat bounce.
Personally I am leaving this investment (LODE) alone. I think one day were all going to wake up to find a price hop because production was just announced.
Sorry to sound inept but with absolutely no volume sold/covered (and buys were not possible with any broker)DTC must be making some progress in shaking lose remaining short positions if not already completed.
This is a good sign even though a total lock-down is confirmed.
Am I correction to access that DTC continue investigation should be able to make some real progress now?
I have etrade pro and more than once today I have should "0" total volume. Now it is the closing bell the stocks rises again and the total volume is again "0" for the day.
Whats up with that?
"I have been in since 2007" I came in at the crescendo to invest..trying to tell everyone that this thing was overbought and about to pull back & was black balled, tarred and feathered; made the jump none-the-less. So I can relate.
Right...I'm in all that I'm going to be in till production starts!
With other stocks out there reminiscing the low prices of 2008 there is a lot of potential to make some major bucks when this market settles. And I can’t afford to miss those opportunities!
And I understand the potential of this one and I hate to seem pessimistic but Mgn brings it on themselves when they break promise after promise of when they intend to start production.
Let's GET-R-DONE!
What do you think this will do to the price of Gold/Silver on Monday?
I would think it is a safe haven..
S&P Downgrades US Credit Rating to AA-Plus
http://www.cnbc.com/id/44039103
Will this bring on the QE3?
Nice dip! Still buying while cash is available!
WELL NOW!
EVERYBODY HAPPY!?
Ditto! They are a disgrace to depression!
I've gotten to the point with it all that I don't even post anymore!
I concur!
Ditto!
Good Post and I couldn't agree more! That’s why I am just waiting in the background and don't bother to read 3/4 of the post here. It's too depressing!
DTC is doing their thing and it will not last forever.
SFIO still has a Great Product!
The company still has real potential!
It will be over when it’s over!
Personally I’m glad it all came down the way it did!
The charts could look better but the market is unstable today. Why would SFIO stock price be any different!?
Tomorrow's another day but remember, NEWS ALWAYS TRUMPS! ALWAYS HAS! ALWAYS WILL! And I plan on being here when it happens!
Were doing a little pump and dump today!
AWESOME!
No and no disrespect to you...but I tire of the bickering over the judging of credentials and the opinions that some have of others analysis, short traders and investors etc..and frankly I don’t care what anyone thinks of me!
I have done my DD and believe this is still not only a sound investment but has the potential now to do more than I originally considered.
Ben,
We all are concerned but we have a lot of money still being traded on this thing for it to fold.
The product is on the market and from another experience broker/analysis I spoke to this morning he believes also this DTC thing is going to lift here in the next few days. And even if it is a little longer it will work itself out.
I think the biggest problem is spending too much time glued to this message board reading every post that comes across the board.
This is a great product, acting CEO at the helm, there still is a ton of money being traded while DTC does their thing to clear things up. This sort of thing happens all the time to penny stocks and one other thing the gentleman I spoke to mentioned was that this isn't an unheard of company...he said a lot of eyes are on this one as we are in a different situation than most penny stock companys that DTC gets a hold of.
Bottom line give it some time everything is going to be fine!
Do we need them? What positions (perhaps in an earlier post) do they hold with SFIO? They weren't the money..as far as I know didn't SFIO receive an overseas loan?
I am relevantly new to this board (three weeks) so I am sorry to sound inept but what is the relevancy between their situation and ours?
We have some good post here in this meeting of the minds! It’s rather encouraging to be reminded that in many respects the glass is still half-full! Especially considering(interum or not)currently who is at the helm.
I like his credentials and what I’m hearing about those that are on our team! I’ve got a small stake in this company but am more determine now to see it through.
But of course there will be those who would scorn such optimism and try to get us to believe that the light at the end of the tunnel - is just another train!
Thanks!
About Joseph Guba Jr.
"This is a financial blog dedicated to capital appreciation through long term equity investments in respectable companies with sound financials, and through short selling small companies with weak financials.
I graduated in May 2011 with a business finance degree from Kent State University, and I have spent a considerable amount of time and energy to learn what it takes to earn and retain profits. I beat out 50 other Investment students to win a portfolio management contest (earning 10.6% in a 10 week period). I am eventually going to start a cost based system that bases recommendations on each individual’s disposition towards the obvious risks and potential returns that accompany any type of investment. Until then, enjoy the free investing advice.
As a side note, all of the information given on this site is solely intended for informational purposes. All investors should do their own independent research before buying any type of stock, and all investors are responsible for the profits or losses they earn while trading. This blog does not have any liability for any type of problem that may occur because of the information given on this site.
In review, please do your own independent research before getting involved in complicated and risky trades that you may not be prepared for."
http://josephgubajr.wordpress.com/about/
SFIO Update #34 July 8th 2011 3:38PM (EST)
http://josephgubajr.wordpress.com/2011/07/08/financial-blog-102-sfio-update-34-july-8-2011-338-pm-est/
Thanks for your research Yoda!
Now thats one to ask the attorney! Who was the fella who was asking for questions to ask his attorney?
Are you old enough to remember how former US President Richard Nixon would call his IRS buddies and give them his “Opponents List” or names of his enemies he called “Political Enemies Project?”
http://en.wikipedia.org/wiki/Nixon's_Enemies_List
Why this stock? You know how many Pink stocks out there have done similar woes or worst! Why this one!?
I think it was brought to their attention and originally not by this FBI agent who posed as an investor to catch the CEO in this sting; but by an industry that just didn't like anyone infringing on their clientele.
My .2 cents;
"As a shareholder I am requesting some updates on your plans for this company. We need some kind of shareholder news/update addressing the current situation especially concerning the trading suspension, your expectation of duration of suspension etc.
We believe in the product and potential of success of the company. If you have a damage control we need to know what is, what actions you have taken; plan to take etc. Shareholders have a vested interest and we need to know something of how you are going about implementing the necessary changes to continual business/trading as usual."
I should have worked on the sentance structure a little more but with everyone writing I'm sure they get the message.
Beaten down enough! Unless we have some additional bad PR we should do fine!
Considering this level of support when DTC lifts the Suspension we should surprise the critics!
So tried of this whining!
You've given the clearest explanation of all of this! And that’s the way I saw it along with the fact that the first domino that fell and caused it all was the crimes of the CEO - so when NITE imo did her thing I just doubled down.
Am I to understand that the DTC suspension is giving this time for NITE and everyone else involved in this massive naked short selling to clear their books so to speak?
Because it appears to me that there is no reason to panic. All of this is simply SEC formality. I think when this investigation concludes and this train starts up its going to be the 4th of July all over again!
I wonder if the US Patent will be issued while investigation is being conducted? Would the DTC Suspension need to be lifted for that to happen?
ditto...with the product they have and the patent approved in EU, US Patent Pending etc, I'm just thinking - what if you were a another large successful business seeing all of this going on from the outside you know... and very interested in the product; what would you do? How would you approach the situation?
From watching CNBC, Cramer, Trump and listening to their savay ways of doing things; wonder how they would conduct a take over and at what time of the game and what advantage would it be for them to have already a hugh volume of share holders??
I remember a tv series that never got off the ground (can't remember the name) who interviewed struggling entrepreneur's some who had great ideas for a business and some who didn't and how they would agree to finance their business but at an alarming fee of ownership. The entrepreneurs were shocked at the size of the pie the investors wanted in order to finance the business but thats just business.
I see the possiblility of SFIO going in that direction and it is probably in the works as we speak.
I see a win-win in the works/more possitive results out of all of this than the company just drying up.
I couldn't agree more! Situation just reminds me of John Delorean all over again...except this time I hope the dream Car stays in production!
I just got off the phone with etrade as I just received the notice.
Anyway, They don't have a clue as to why there was public trading the day of the arrest and the following session then the lock down.
He said you could trade the stock if you knew the brokers who still were allowed but he didn't know who they were. He also wasn't aware of the duration this could last. His experience is a week to several weeks.
I don't like the fact that IF there is something else that has yet to be aired, that we don't have a way to settle our accounts.
But I am not suspecting the worst. I just think this is formality.
Suspension of Settlement Services
Tue Jul 5 16:14:50 2011 - DTC
Dear Valued Investor,
As a result of a complaint filed by the U.S. Securities and Exchange Commission ("SEC"), the Depository Trust Company (DTC) has suspended settlement services, except custody services, for the following security:
Cusip Security Name
832673107 SMOKEFREE INNOTEC INC
Due to DTC`s suspension of settlement services, E*TRADE Clearing LLC (ETC) has suspended trading in the security identified above pending further guidance from DTC. Shares in the company will continue to remain in your account. If you would like to view the DTC notification suspending settlement please see:
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/1017-11.pdf
We will communicate additional information as it becomes available.
If you have any questions about your account, please send us a Secure Message or call 1-800-ETRADE-1 (1-800-387-2331) or +1 678-624-6210 anytime, 24/7.
Sincerely,
E*TRADE Clearing LLC
(c) 2011 E*TRADE Clearing LLC, Member FINRA/SIPC. All rights reserved. E*TRADE Securities accounts are carried by an affiliate, E*TRADE Clearing LLC. The information contained in this Smart Alert does not constitute a recommendation by E*TRADE Clearing, and is subject to the Smart Alerts Terms and Conditions and the E*TRADE Securities Customer Agreement. We cannot respond to e-mails sent to this mailbox. If you have questions, please contact us through the Online Service Center.
(c) 2010 E*TRADE FINANCIAL Corp. All rights reserved. The information contained in this Smart Alert is subject to the Smart Alerts Terms and Conditions. We cannot respond to e-mails sent to this mailbox. If you have questions, please contact us through the Online Service Center.
I simply understood the "trade for trade" to mean there will be no "naked Short Selling" with this one. Am I correct?
For the SEC to correct that tomorrow is going to be very interesting. To force that volume of shorts to cover shouldn’t be at the loss of the true share holders and personally I don’t think they will make us pay for it either.
Considering the economic news is good tomorrow the bulls will definitely be the benefactors’!
I concur! We should be in for some major news here shortly! VERY BIG STUFF ENDEED!
Man anything under .02 cents is a gift! I'm buying for tomorrow not today!
And watching the current price action we should punch right through that .02 resistance level this time around.
Lunch time inquirers should punch this through resistance level this afternoon to close above .02
LOL! Awesome! I just added! What can I say..I'm a risk taker!