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If SFIO stock can ever come off the DTC suspension and trade normally again I think all shareholders will feel like the pig in the commercial, weeeeee weeee weeeeeeeeeeee!!!
Time will tell how things will end up. I guess we will know who eventually is right about this story, in the end. ;)
"I guess in the end the truth prevails and life has no space for amateurs", Agreed. ;D
...the share price dwindled. That made for a lot of angry investors who lost money to place blame on everyone but themselves
That little point is key to figuring out the various agendas and motives here with the so called penny saviours. I think it is obvious that most or all of them have two primary causes or issues which drive them to what they do. Number one is they went long at some point way back and watched as their risky 'flipping' strategy did nothing for them except make them lose a ton of money in the particular ticker, they eventually get fully out after sustaining heavy realized losses and do not play that ticker again, then next thing that happens is the ticker finally spikes up and they miss the run, but while it is up and doing well price wise of course they are no where to be found, then once the spike subsides and for one reason or another there is reason to fear 'stinky pinky' status they come flooding back in spewing lies and fear tactics to make others suffer as they suffered. It is truly sad that misery loves company. I guess it is therapy for them to make existing investors feel their pain and loss, to share it. The other issue is they know they exaggerate the negative claims and stories but it is also sometimes for the purpose of driving out all of the longs who may have a cost basis that is higher than the current pps that has been manipulated on low volume. In penny land it is easy enough to get the price down to whatever pps can be imagined at any time on rather low volume, the trick though is to scare out decent enough volume to sell out for such low prices in order to make the price decline mean anything. They crash the price on a few dollars worth of shares and then get on and talk about that the company is a scam or the CEO is a criminal, whatever. Whatever is needed for their agenda to push holders out so as to realize losses that will give them another low cost opportunity to enter a position there once more in the hopes of riding the pps back to the average cost basis of the majority of shareholders on decent volume so as to mitigate the historic losses they suffered in that ticker. Indeed, it seems the penny land of stocks is a warm swamp with many critters running around behaving in a particular way as to best support their own agendas. I find it sickening, annoying and weak as well as crony. I say just be fair, balanced and honest, absorb the bad news, absorb the good news and look to the future. There is no point in making 'points' to such cowards, they dont care about the arguments, they only care about their wallet while they cry piss and moan about their own financial and investment situations. In my opinion, they too often over estimate the power of sway via posting on public internet boards. It is amusing.
Agreed! If volume can continue to be strong and the momentum buying pressure continues to push the ask up then L2 will be thin on the way up and RFMK could see dramatic gains on Monday and the coming days afterward. I thought that the half a cent level could offer some decent resistance and it did, but now starting next week, because the float has been traded so frequently for weeks now, IMO there has been much consolidation so we could see a new bump up in price and a new base form at or slightly above the one cent mark. Anything could happen but it should be fun to watch the price and volume action. Whatever happens though, the fundamental story for this company seems to really be shaping up to be a winner here so the pps will fluctuate but those focusing primarily on fundamentals and the long term will IMO make a very nice ROI on this investment. cheers
FYI, I think the 'smokereal.com' domain should be removed from the iBox if anyone has access and time to do it, tia.
I noticed that the domain registrant for smokefree-innotec.com is Fuentes and the site has been suspended, probably for lack of payment, I am guessing because Fuentes is in jail.
I noticed that the domain registrant for smokefreeinnotec.com is Roth/company and the site is up and running though very plain and juvenile.
I could not see exactly who the registrant is for smokereal.com because it is owned under a proxy.
Anyone who can, please update the iBox at some point, thx.
Just FYI, because of the questionable actions of a few participants on that fateful Friday, seemingly tearing down our beloved stock for their own illegal gains, I for one view this stock, my SFIO holdings as a broken favorite toy. I will never sell the shares at this point as the shares have sentimental value to me and their presence in my speculation portfolio is simply a reminder to how crony and toxic the market exchanges can be. Am I just a random nut job whacko in denial? Yea, perhaps, but so what? It is my right to be a senile whackoloon and so if anyone thinks these shares will capitulate soon, they would find themselves in their very own fantasy land creation. The only way these shares of mine for SFIO will be removed from my possession is if either the company goes bankrupt (gone, dead) or there is a hostile takeover buyout over which I have no control. Otherwise, anyone who wishes me to capitulate and obtain my shares of this company is going to have to come over and pry my shares from my cold dead lifeless fingers. I am here. My shares will never be for sale, just on principle, F'em. Comprende? ;)
GLTA, I am willing to have a fair and balanced discussion for the future prospects of SFIO but for the time being there are other plays and other markets to focus on. The 'market' for trading SFIO shares right now is simply non-existent. Anyone giving any importance or weight to the ridiculous trading in SFIO right now, either way (up/down), is either on something or in denial. Find me elsewhere.
DTCSUX - thanks for your insight. It seems clear that the DTC will suspend clearing/settlement services for a security which has trades that are not and cannot be settled. This works both ways, either the firm experiences difficulty in receiving the money into a client account to settle a sale of shares, OR the firm experiences difficulty in finding real shares to deliver to a client account which has already put up real money to purchase shares.
I think the quote below from Schwab basically says it all.
Per the DTC, a global lock is added to positions with large fluctuations. This is what has occurred with the shares of Smokefree Innotec (SFIO). Schwab has halted trading on this security as we are unable to settle trades.
Basically, putting it in a more blunt fashion, the three questionable brokerages that fateful Friday sold half the float worth of SFIO shares to a horde of buyers without actually properly locating those shares and so millions of dollars worth in trading settlement failures would have occurred if it had not been for the DTCC to step in after-hours and put a 'global lock' on the trading, which then, I guess allowed the IOUs (electronic markers), which would have otherwise quickly turned into massive FTDs on the books, to just sit in client accounts while all the criminals looked at each other in astonishment shrugging their shoulders exclaiming, 'I dunno.... oh well'. How else does one explain the historic level of buying pressure that day yet a pps which quickly (in under the first hour of trading) rose from sub penny to 2 cents but then for the rest of all the buying volume remained at 2 cents for the rest of the day? Unnatural. Manipulation. Crony BS. Tsk
I agree that one point I missed previously is that it will take a good amount of time for any such marketing for the cannacig to actually break down some of those 'barriers' you talk about being in place to make the ritualistic consumer break habit and try something new. Very true.
I did not realize how much taste is considered as a factor and now that you mention it, I have heard many consumer complaints of ecigs having that plastic taste. I think though the level of advertisting by distributors will be more effective for the demographic of consumers already looking to try something new or are just begining to get prescribed some sort of MMJ therapy. Perhaps some programs could be put in place to preempt a vast marketing campaign so as to allow doctors to suggest certain sites or dispensaries who sell the cannacig to MMJ users. I agree that repeat business is the primary concern for sales performance for RFMK and the new cannacig product. They need to make sure that the customers who initially buy the device itself come back for cartridge refills and do not get lost in the shuffle amongst the growing marketing of competitors to fulfill their refill needs. I am not sure how that can be done but RFMK needs to make efforts to contain their customer base and push for distribution contract details in the negotations for exclusivity in the pairing of the cannacig device with the various THC substrate and cartridge products.
I think you raise an excellent point as to the actual method of ingestion of the THC and how the cannacig offers a much much healthier way to ingest the THC as well as drastically reducing the overall amount of the medicine in order to get the same beneficial effects of the medicine. This could save MMJ users substantial amounts of money because the cannacig vaporizing method is so much more efficient versus burning smelly messy plant material.
I can see how MMJ consumers would care more about how discrete the device is more than regular vapor ecig users. It is very exciting that RFMK found a way to heat the THC to such a degree in such a small container to the point that it is nearly the size of a regular cigarette! Pretty cool stuff!
I agree. It is time for an update from Roth to loyal shareholders of this company. The time period beginning last year to the present has been the roughest patch for SFIO shareholders to endure and for those of whom have survived all the 'troubled waters' and roller coaster ride fundamentals and market technicals and continue to act as loyal shareholders providing the company with critical investment capital, I think a short plain vanilla update on developments that are being worked on is certainly deserved.
I think many of us must realize what kind of rock and a hard place Roth is in as regards dealing with the DTCC to work to get the suspension lifted but the length of time without a single note or update to shareholders is not proper, IMO. Just my opinion but I think if Roth remains silent for another couple of months and we see no forward progress (not just only talking about the DTC situation) then we shareholders need to push for a common vote on certain items (management, by-laws, etc), perhaps to take place in the summer in Vegas. How long can loyal investors just be patient and sit waiting for any news about anything?! Months go by and Roth remains silent. As I have always said, I thought providing transparency and filings should have been his primary concern and he has done that. Now, I think he needs to address shareholders officially and provide the company details on what is going on as regards the SEC litigation settlement and the DTCC 'global lock'; what we know, what we do not know, what has been done, what is left to be done. Also, details on how the execution of the Denverson deal is going and any potential contracts with distributors in the USA would be nice as well. I was a web software engineer for a decade, it does not take this long to code a few websites, what is going on?! I tell you, I would run this company in a vastly different way. Tsk
A have a few questions for you if you have time to respond.
From your perspective, do you see the consumers who already know about ecigs and maybe own one caring about the specifics of the pros/cons of each model out there? Or do they more or less just buy and keep a device based on convenience of purchasing? Anotherwords, do they know all about the small variances and care about that enough to go out and seek a particular brand and model or do you think most of them just buy any 'ol ecig they come across?
Within that demographic, what is the usual turnover period for each device? Basically, how long does a regular ecig consumer own a device and how many do they usually own at any given time?
Of the smoking consumers who do not yet know about ecigs, do you think they know that ecigs exist but because the marketing for ecigs is still 'under the radar' as you put it, they just either do not know or think about how to buy one or that they are not easily accessible in stores, or do you think that many of them simply have never even heard about the ecig technology and there simply exists a large percentage of consumers in the USA who are oblivious to such a product?
Does the cannacig only accept a THC extract/substrate cartridge OR can it also accept regular cartridges as well in case someone wishes to just use it as a normal vapor ecig??
Here, here. Agreed. I would especially like to get some kind of discussion with everyone about the business fundamentals and the emerging industry and how the specifics of the new product alters the landscape and market share in various states going forward. I wish to understand various perspectives on the earnings picture for RFMK in the near to medium term based on what the real potential is for the cannacig in the open MMJ market and how that market share translates to real earnings growth and perhaps even EPS guidance, though of course I expect much of it will be overly negative or overly positive speculation. But healthy for any valuation argument.
Anyone have thoughts on what RFMK could earn in the next quarter or two based on the characterization of the various factors in this industry along with the MMJ regulatory environment?
wilyfox13 - I think followers of RFMK are just extremely excited about the prospects for RFMK with the new cannacig product and cannot wait for further news developments on the distribution and sales plan going forward. I share the excitement but it is tempered by my opinion that the true level of escalated excitement will be maybe in a few weeks or months when we see how quickly the MMJ community (dispensaries, etc) are taking the new product into their operations and the level at which consumers are buying the product. I think possibly by end of Feb or sometime in March, depending on how quickly RFMK ramps up their operation and also what progress they make in uplisting the stock on say the QX or QB OTC exchange, this stock could literally go ballistic! I am not talking about one dollar land, that is just useless overtly bullish rhetoric. I am talking about the possibility that sales could explode for real in a matter of weeks or months and RFMK could be looking at distributors calling them every day for boxes upon boxes more of the cannacig product! It could happen! At that point, RFMK could have the potential to bring in even a couple million per quarter based on sales which would in fact sky rocket the pps (not to dollar land). I think if the market volume and buying interest in the stock grew based on good reports of decent sales in Cali then this stock could easily see multiple pennies. If after that, the stock were to be traded on a QX/QB exchange with a lot more volume and at least one great quarter of earnings under their belt, with an even stronger balance sheet, at that point, this stock could in fact trade in multiple tens of pennies. Just speculation and a lot of 'IFs' however it could happen. I think that is what anyone who sells at these levels is not thinking about, the potential for near term pps spike based on these conditionals for RFMK coming to fruition. Buying a stock at mere fractional pennies and a few weeks or a few months later the stock possibly trading in the tens of pennies is just a great risk/reward and value investors as well as short term momentum trading players I think should see how lucrative such an investment in RFMK could be for the near future. Just my opinions.
Yea, I would be interested in knowing what Matty thinks about market penetration with the new cannacig.
Matty, my understanding is that you had or still do run a distribution operation involving ecigs in the USA (?). If so, could you please, at your leisure, give the rest of us an idea as to your thoughts on market share in the existing ecig and possibly new THC ecig emerging market with the various private ecig companies and their products and the public ones? How will the new cannacig product shake up the industry and what do you think the actual potential is for RFMK's cannacig to grab market share (to what degree) in the MMJ community, primarily in Cali but also for other states? I can run through calculations on future earnings projections and EPS, stock and growth outlooks but it really all means nothing unless it is backed by some knowledge of pricing power for the new device as well as demand along with demographics and regulatory environment. What are your thoughts on these factors for RFMK's earnings going forward (2012 and 2013)? TIA!!
wilyfox13 - Hey thanks. Actually, I tend to be wrong on predictions and outlooks frequently. :( But usually I tend to get the long term basically right to some degree as most of the time stock and company stories have a greater chance to take the path that includes all of the negative drivers AND all of the positive drivers, so if you have a balanced outlook, most of the time your idea for the trajectory of the company/stock story is usually right on target. I do tend to be somewhat cautious because I like to estimate from an overly conservative perspective, then if the pps or other metrics go past the upper bounds of the estimates, then great! The key is to primarily get the downside risk understood, then be patient enough to buy in slowly bit by bit over looong periods of time when the price is in the gutter then have the extra patience to hold on forever and only shed a small percentage of shares on the peaks of the spikes. Its hard and the timing is difficult so you have to know that you will never completely catch every move, up and down. You cannot seek to pick exact bottoms and tops, all you can do is guesstimate and limit your risk while increasing your likely reward. So far, I have been right about the initial resistance at the half a cent level. Lets see today what happens though because I thought all along that once the technicals really start shaping up for RFMK, it could bring in tons of volume which could explode the stock on any day! If the volume rises substantially, the half cent level will be left in the dust.
Agreed! I think today is all about the technicals. We had the good news about the cannacig yesterday so that IMO started an upward buying trend, now it looks like all the indicators are starting to come together. If momentum does not take this into penny land this week I imgaine it could happen next week. As long as the volume continues to be strong the pps will follow. The technicals are really all loaded up right about now, starting today. I think the fundamental story though is just getting started though so IMO this whole stock company story could be like a perfect storm of good fundamental news and the technical trading momentum could take RFMK sky high! Just think at nearly half a cent, where it is now, the market is only paying about book value for this stock! If one factors in earnings growth from consulting and the cannacig sales for the future quarter, I should think it will be easy for RFMK stock to hit multiple pennies very soon. Perhaps today?!!!!
I agree Matty, I think volume is the key and if volume stays at these levels, a base could develop at the half a cent level, if the volume trails off over the next few days, the pps could drop but if the volume actually increases, and specifically keeps increasing throughout the next few days into next week then the float will be trading many times itself on a daily basis which necessarily means, IMO, higher stock prices going forward. This stock and company story continues to impress me. This is just the beginning; cannacig hard launch will be the catalyst which moves this stock in a significant way. I think the news was great but after investors really begin hearing that the cannacig is actually getting sold, unit by unit at dispensaries and stories start coming out of the woodwork on social media sites that MMJ users have an alternative to burning the actual MJ plant material, the investor interest could grow significantly and so the pps will sky rocket. Awaiting HUGE trading days to come for the stock. $$$$$$$ :D
Hehe, I thought the half a cent level would be tricky to get past. I think the news was substantial; the THC ecig has been developed and is basically getting out to the market in the next few days. MMJ users who frequent dispensaries will begin to see and hear about the product and want to try it. There are so many benefits for an MMJ user to use this device rather than dealing with smelly smoky plant material, I think sales in the first quarter this year could be substantial. I still think half a cent is very cheap for this stock. I would say that depending on how the volume holds up over the coming weeks, one cent should be attainable. However, once we see actual initial sales figures for this new product, forget it, RFMK stock could be on another exchange by then trading in the stratosphere!
If a 'participant' can throw $70 into the mix and the stock moves up 90% it is just clearly making a mockery of the stock ticker and market cap of the company. Many have stated in the past that 'we' only note the downward price pressure as 'manipulative' for the pps, but I will say today that any moves, up or down, on such a small percentage of the float is 'manipulative'. I remain agnostic on the pps movements and 'action' in the 'trading' of the stock until we see at least some whole percentage of the float trading intraday (>~5M).
Yea, thanks but I knew SFIO was a non-reporting pink sheet company way back years ago when I first bought shares, thanks for nothing. BTW, SFIO corp entity registered in Nevada, current CEO lives in the USA, sales exist but are tiny, web presence we all know is at smokefreeinnotec.com and lastly plenty of brokerages allowing selling of SFIO stock still with this 'DTCC suspension of all services except custody'.
Yea, sure, after an FBI sting op on the ex-CEO and stock promoter, the company settles with the SEC and the South Florida courts slaps an injunction on the company and current management to allow business as usual while remaining completely truthful to the investing public, it's totally a scam, lol!!!!!!
Oh yea, I'm just so sure of it that the SEC, FBI and Florida court system would investigate this company and find it to be nothing more than a scam share selling machine and then after all the litigation, the SEC, FBI and Florida courts allow the corp entity to continue doing 'business as usual'. Yep, total scam, lol, what a laugh.
Thanks Matty, yea I will just be patiently awaiting upcoming news and when the product hits the real market eventually. I think the .0041 average and the half a cent resistance levels will be tough to break through on low to medium volume but depending on the details given in the upcoming news, if there is a break out in volume then IMO the pps soars to .008's quickly then on to multiple cents. I do not have any specific price levels in mind but I am more just now planning on waiting for a certain amount of time in order to check back on the fundamental developments on the company, perhaps in late Feb or March I will revisit the investment and see how their progress has been. Obviously if the news is some game changing insanity that justifies a pps in the tens of pennies then I would quickly double or triple my position once more even on a spike, but just the same the news could trigger a run but not necessarily validate prices for which it runs up to so I would be just riding the run and then liquidating some percentage of the position at overpriced levels. It really depends on the exact news we get and the volume that comes into the stock thereafter. cheers
I had been accumulating over the last few weeks, I at least tripled my position size when it was temporarily in triple zero land, what a laugh, what an opportunity! :P I am going to wait now for a while to see what comes our way because I am basically comfortable with my position size here. Also many things happening in the market right now so using capital in other places. cheers
Mattysimone - Yep, I continue to accumulate under a half a cent. I did go on another buying spree today but did not get nearly as many shares I got when it was in the triple zeros. Seeing now the financial strength and fundamental prospects for what is to come I am actually dissapointed that I did not snatch double or triple what I bought when it was in the triple zero range; absolutely absurd prices, lol. RFMK is still very cheap, IMO. I did take advantage of prices today to accumulate a few more lots but my biggest buying binge so far was when I got those trip zeros, hahahaha. At such low prices, it almost feels like cheating, but not. :D When the cannacig is in shops, I will be traveling to those dispensaries so I can see first hand how it is sold and what consumers actually say about the product. Once we are getting reviews and money starts pouring in, this stock could literally explode and get a listing on a higher exchange!
TopDog52 - I agree. It is very reassuring that this company has delivered everything in their plan for shareholders all throughout time. I have seldom seen pinks promise and then deliver time and again on exactly what they promised, RFMK is doing it!
BTW, I thought perhaps I read somewhere a while ago that management was thinking of taking RFMK to the QX or QB tier otc exchange? So, I am thinking if they do upgrade the listing for the stock at some point, it is true that RFMK 'may not be a pinky for long'! I think if RFMK began trading on QX or QB the volume would sky rocket and because of a locked up float, the price could sky rocket. Just thinking out loud... cheers
Are you kidding?! Looking extremely good! Now that I see the balance sheet and solid financial situation of the company, I almost cannot believe that the stock is trading this low right now! If upcoming news can bolster investor confidence in upcoming 2012 real earnings then the pps could take off, go sky high. I dont know about others, but I will continue to buy as many shares as I can over time at book value; to a long term value investor, this is like investing with the easy button! The 'market' already gave me an unbelievable opportunity buying hordes of shares at triple zero prices (hahahahahaha) and now still allowing great buying opportunities of huge lots at book value?!!! Hahahaha, its like a second Christmas! This is getting ridiculous! I love it! Move aside peeps I am probably going on a buying binge tomorrow morning.
Disher - Thanks for the breakdown, was doing one myself for the board but then saw your post pop up and you are right on point. What I find interesting is if you back out the liabilities the total remaining assets on the books, along with assuming a P/E ratio of about 10, the book value you get is ($258K/700M)*(10)= ~$0.00368 per share. The interesting part is that the pps at close today was $0.0035. So IMO, the MMs and the market in general is pricing this stock at basically book value right now and assuming zero earnings going forward! This in my mind is ludicrous, it is insane! This company has already announced consulting contracts with earnings of tens of thousands plus if one assumes that the THC ecig will make say a few hundred thousand this year then book value already should be closer to about one cent. If you price in decent EPS growth on real earnings based on RFMK's future contracts, sales, etc then multiple penny prices are possible, IMO, based on investor sentiment in reaction to any upcoming news. I think this stock is trading way below a fair valuation based on what is known.
Good, glad to hear you got back in when the going was good and then got out for a profit, though buying during the panic I guess back fired but IMO we dont really know yet how that will turn out so it could have been a mistake or it may not have been. Just because the powers that be lock up your liquidity does not necessarily mean that the investment itself loses 'value', of course they will walk the pps down on nothing volume and get their minions out on boards to engage their scare tactics to scare out sell volume for their own designs but in the long run, as long as the company can survive and do 'business as usual' then I imagine it could still have the potential to do well. I agree, it is a shame what the stock has been reduced to but IMO it is not a shame to what the company has been reduced to. They got rid of the cronies and slapped an injunction on new management to run the business legitimately and truthfully never intending to engage in shareholder fraud so IMO it has a legal stamp of approval on it, especially after the SEC settlement. How could a scam company ever actually settle with a signed agreement with the SEC concerning business going forward?! It does not make any sense unless it is truly a real functioning business, albeit a micro cap start up with practically no cash to fund operations; that is another story. :( Capital gains tax is only 15% so whatever, you can't complain. Take the profits, pay the tax and be happy I guess. True, you play with fire sometimes you will get burned but do not ever play with fire and remain poor. :( The bankrupt government is pushing John Q into risky assets like speculative securities and such so all of these talking heads boasting about staying defensive, bonds, div stocks are really just not going to make any money in the next few years. When are these people going to realize that one must take calculated risks in order to gain in this system. There is no way around it, so, that means sometimes you will have big losers, and other times you will have big gainers. Patience, knowledge and some luck will play a big role in what decisions are used to carve out your particular path among the myriad possibiities in the market for the next few years. I say, RISK ON! You have to or else put your money with grandmas IRA and watch it slowly lose purchasing power over the years. I say, play with fire, get paid! :D
Yea, cool, thanks. I also am quite perturbed that the legal 'system' could allow such a delay. The patent issue should be dealt with immediately, like next month! Yea, hahaha, I also have triple 0's for cost basis in that one, lol. These penny stocks are so easy to play like a fiddle if you are patient enough and do not put in more than 'monopoly' money you can laugh at if it burns. Good going.. Yep, agree, it will be a riot if and when Dragonite puts out financials. It should be somewhat amusing to see what terrible idiotic speculative investments these clowns lost money on this year. Hahaha. On the flip side, I would actually be quite impressed if I saw steady pricey good monthly rental income from the Hong Kong basement utilised, but not holding my breath. Tsk Sincerely apologize for suggesting that this one had value over time. Clearly 'management' went awry early on. Though I trust you made a nice killing in SF** because I remember you walking away from it a few months before the spike, but didn't you eventually get back in? cheers
Ajrum just notified me of a breaking news story that I guess is somewhat related to the industry for RFMK, THC canna drug, etc. It seems the NY daily news is reporting that a particular MMJ drug extract may get FDA approval very soon. Who knows this could jump start investment in the entire industry?!!!!!!
Mattysimone - All I can say is that if RFMK releases huge news involving marketing plans and distribution for the THC ecig this week, the stock could soar! The pps could spike sky high. Just remember the action we saw in all of the ecig and cannabis penny stocks during the Prop19 vote. Just on the expectation of actual sales (that it could happen), these kind of stocks spike big time! I think RFMK this week could be primed for such a move!
Aha, I get it now, I did not know about the Dragonite pokeman character. Never much understood about the whole pokeman craze when it happened, didn't follow it. Thought it was just another fad like clackers. Funny video though, thanks. Sorry, I am behind, another question, what is 'Perkins Coie'? tia
BTW, hope you are in RFM*... it looks like it could spike like they all do eventually... :D
Remember, to always stay diversified, not only among various sectors but in various investment vehicles on multiple exchanges. Keep total speculative priced investments at or under about 10% of your total net worth, no matter what! :D
Yea, I already read all of the litigation documents and PACER filings. Basically, the court of South Florida caught and threw in jail two individuals who were responsible for conspiracy to commit fraud via an FBI sting operation. In addition, the corporate entity SFIO along with its current management (Roth, Dunn) settled (injunction) overhanging litigation against the companys involvement (whatever that ever meant). None of those documents or 'court dockets' or the ex-CEO being 'behind bars' proves in any way that SFIO the company had always been a scam; completely phony PRs, completely phony business plan, no contacts, no marketing agreements, no product, no patents, etc, etc, all lies.
As far as outlining the quality and level of proof needed in order to show clearly that this had always been nothing but a scam. We shareholders would need an official body (government agency or law enforcement) to audit the company not only financially but to investigate and research the existence of the Euro patent(s), the various agreements and LOIs with other micro cap companys as well as NASCO, as well as the actual existence of an operations production and supply chain (ie.. can the RE/AL actually be produced via the mechanisms which are already supposedly in place). If such a law enforcement or agency were to officially do an investigation on the company and find that it had always been a stock selling scam, then I believe all shareholders here would realize that they got duped and would bow down to all the saviours and penny stock sages. Besides, at that point, the officials would have already brought the company and it's principles to justice through tougher charges and litigation than a weak conspiracy to commit securities fraud charge. One thing I have never understood is why people do not understand that after a major FBI sting operation and catching certain principles engaged in under handed deals (breaking the law) it would seem likely that the law would keep SFIO and its principles caught in the sting under a very close and watchful eye, making sure they do not do anything else which would be fraud to shareholders. The law waited a very long time, no one really knows why, but finally and eventually the law brought the anvil down on these individuals and only the conspiracy charge was used. One would have thought that all that time watching and waiting for such crooks to strike again, the law would have eventually found more to hang them on but all SFIO the company (and its shareholders) got out of it was the flushing away of the insider crooks and an injunction on current management to in no way make false claims.
Yep, indeed I am going to need to see real 'proof', not just poof. I agree, in the end, 'time will show it's cards'... Tic Toc...
I personally have never needed to get on any, 'road to recovery'. I am doing quite well thank you very much. When you manage speculative investment portfolios properly and invest in the very long term with capital coming from a portion of profits from other medium term trades, less actual risk is taken so for one with such an investment approach, there is never a situation whereby the capital invested is lost forever or he finds himself in a position wherein he needs to recover. But thanks for the concern. Hehe 'The point is..' actually that the rest of us were attempting to start a fair and balanced discussion on the various possibilities for SFIO the company to capture some immediate cash for operations in order to get sales people out to land contracts, produce batches of free ecigs, etc. It is 'nonsense' to in response to such discussions rehash the garbage 'points' about the SEC litigation and crony actions of ex management. Those people have nothing to do with the business of SFIO going forward so IMO it is off topic. Besides, the board has been over the past actions time and again, we all already know the whole story surrounding the SEC litigation and TS/Fuentes going to jail. That is in the past, the rest of us are attempting to discuss the future for SFIO. cheers
DTCSUX - Yes, I agree with your post. The other theme that has been injected into discussions here is that the DTC made their decision because of (causal) some alleged sale of unregistered shares with no legend by 'insiders' like the ex-CEO supposedly. Or else, the 'lock' was placed because of the litigation on the ex-CEO which in my mind is preposterous, if even 'silly'.
It is simple, the DTCC restricted services on the stock because of the 'unusual' trading on those two days you mention. Now what all is entailed in that 'unusual' trading label is left up for anyone to imagine but my personal belief is that brokerages like ETrade, ScottTrade and TDAmeritrade could not let pass the mouth watering opportunity to sell millions and millions of air shares (electronic markers) to a flood of buyers on that fateful Friday assuming that the company would announce dissolution shortly thereafter the DTC 'lock' and so could be effectively short for all time until such time that the stock ceased to exist but as I always say, never assume! :D
The SEC has been dealt with and the ex-CEO is in jail and no longer has any association with the company other than being like us in holding x number of common shares. The company is current with filings for the otc markets site yet for some reason otc markets has not given the ticker the 'current information' status, instead SFIO remains labeled as 'limited information'; I do not understand why.
I wish to ask the SFIO board the following two questions. I expect fair and balanced full proven explanations for the responses and any points raised which do not actually prove themselves beyond a shadow of a doubt I will deem as completely useless and of no value to the discussion of the company on this board.
1) Is SFIO a scam? If so, how? Prove it.
2) Can SFIO ever get a hold of any small amount of capital to fund operations on however small the scale. If not, how? Prove it.
I await the answers to these simple 2 questions in order to somehow stimulate fair and balanced discussion on the SFIO board about the survivability of the company. Just a note, if you cannot actually prove with source links, etc that your points are valid they will be deemed to offer 'no value' at all to the discussion and will be tossed out as mere speculation and having an 'agenda'. ;)
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