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Thanks for the update!
Good post..LOL...as far as I see it- its not over til its over.
Anything could happen. My experience is that this thing will drop to much of nothing if SFIO or DTC doesn't give some PR/hope that this thing is about to be resolved.
Surface gold all but gone CNBC special reports explain..you would think investors would be backing up the truck on this one.
I guess they would rather chase it!
Are we a defensive play for the market?
Just got to love it!
Well I am no one of authority so don't look at me.
I do believe however those if the DTC was letting this thing go to ruin it would have happen by now. But this is a viable company with a legitimate business that investors have interest in and a product that the market has a demand for.
I think Naked Shorts are holding their positions until they are discovered and that the fine doesn't off set their profit margin in the least.
I'm under the impression that the bounces we are seeing are just that - shorts covering..NOT naked short positions because there are shares to cover these short positions! My understanding is that the drop we've experienced was from naked short positions discovered forced to cover, fined, but because there were no shares to cover for those positions the stock price fell hard! That and among others who just wanted out before the total lock down and who can blame them?
One other thing to consider (my assumption) is that the short position covered today wasn't a forced issue by the DTC...I believe they simply believed this was the end of the road and took profits before this thing bounces...which would have been on news that the lock down is being released.
That’s my hopes at least.
Looks like someone got kick off the ship and others brought aboard.
I think the powers at be are making things possible for this company to be a success if you ask me.
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.
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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!