Starfleet Innotech Inc (SFIO)

[FUNMAN]

With every day that passes and I see new posters here, I really feel badly for all of you still holding shares.

Of course you can buy tons of "cheapies". I think you'll be able to buy .001's soon enough, at 4 times less than right now.

I have so little faith in the company, that right now with today's volume already over 8,000,000, it wouldn't surprise me to learn in hindsight that SFIO was dumping as much stock as they possibly could, to raise as much as they possibly could before they legally bankrupt the company to cover their backsides.

But for gosh sakes, if the company ever comes forward and acts like an honest, transparent publicly traded company, shows some revenue increases that correspond to their PR's announcing contracts, sales and shipments, you'll be able to look back, say, how could I have ever doubted them, and happily jump back in at a penny. I will, even if I miss jumping back in before that.

But the handwriting is on the wall. It's not happening.

Even today's posts are rehashing what we went over from August through January. Anybody new here should go back and read the whole history. It's been that many months already that it became clear SFIO was deceiving us, with all their PR's.

They could have bought off the shelf web site software to put up a better web site, and spent their stock advertising money on some google advertising. But they would have only done that if their intent was really to sell product.

It's too bad it has happened, but nobody has to stick around until bankruptcy, and everybody can jump back in if the company ever proves they are run by honest businessmen; showing their financial statements that prove the sales they claimed to have made. Forget all their excuses, they claimed to have shipped the product, and a lot of it. Show me the money!

So far they never announced anyone paid for the product and as far as revenues, all we know is they gained access to about $800,000 in financing. I really can't image who they hoodwinked to give them the second loan; not when all of us were chasing down the dirt we found, and chasing them from state to state.

tocororo's post and link were great. It so clearly says what we all learned before I sold my stock, which I did the next day, after passing judgement on the website and finally on their business practices. I only wish I didn't wait as long.

You better grab for your oxygen masks when they drop from the bulkhead.

So who is going to be the last man holding shares.

tocororo Share Tuesday, February 15, 2011 2:15:04 PM
Re: None Post # of 15180

http://www.pinkinvesting.com/article/view/Reluctant-To-Disclose-Financials-Smokefree-Innotec-Inc.-SFIO.PK-Relies-On-Unsuccessful-Advertising-Campaigns_957