Starfleet Innotech Inc (SFIO)

[Gamma1848]

You only anticipate 300k in revenue? The company claimed $9.5 million worth of pending contracts for Q1 2010 only from Belgium, the Netherlands, and Luxembourg.

If they have that little revenue then the company is guilty of a pump and dump fraud by issuing intentionally misleading statements and then selling shares into those press releases.

There is no way that, given the orders and contracts announced in their press releases (some highlighted below), that they could have missed the mark by that much unless the orders never actually existed and the press releases were only issued to pump up the share price.

I believe that this is the reason why the company has not issued the financial statement that they promised would be out a month ago. The financial statement will either have to be doctored with phony sales and revenue figures in an attempt to match up with their PRs or it will be honest and will confirm that the PRs included intentionally misleading statements, a criminal act.

...or I guess there is the third option that the company and its product is Real. Lol.



Smokefree Innotec projecting Q1 sales for 2010
NASHVILLE, TN –12/10/090 — Smokefree Innotec, Inc. (PINKSHEETS: SFIO) (http://www.sfio.us or http://www.smokefree-innotec.com) President Thomas Schroepfer today announced that he is projecting anticipated sales in the Benelux countries for the first quarter of 2010 based on pending contracts in the $9.5 million dollar range with these relatively small countries...

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Smokefree Innotec Belgium Receives Initial Order

NASHVILLE, TN –02/23/10 — Smokefree Innotec, Inc. (PINKSHEETS: SFIO) (http://www.sfio.us or http://www.smokefree-innotec.com) announced today that its Belgian Branch Office for Europe, Smokefree Innotec bvba in Antwerp, received last Friday a significant order of 16,000 packs from an large wholesaler in the Benelux. Delivery of this order is planned for March 15th 2010...

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Smokefree Innotec fulfills first order for South Africa

NASHVILLE, TN–(03/04/10) – Smokefree Innotec, Inc. (Pinksheets:SFIO – News) (http://www.sfio.us or http://www.realsmokefree.com) announced today that it is shipping its first order of 19,000 units of smokefree product to Trifactor Distribution and Marketing (TDM) in South Africa.

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Norman Knight of TDM commented: “We will place bi-weekly orders for South Africa with Smokefree Innotec for its exciting alternatives for the smoker’s market. We will additionally be launching in Australia and New Zealand sometime this summer and sales in Japan should commence in the 4th quarter”.

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SMOKEFREE INNOTEC PROJECTS DISTRIBUTION EXPANSION TO 125,000 OUTLETS


NASHVILLE, TN–(03/18/10), Mar 18, 2010 (M2 PRESSWIRE via COMTEX) — Smokefree Innotec, Inc. (Pinksheets:SFIO – News) (http://www.sfio.us or http://www.realsmokefree.com) released information today regarding its current projections. As previously announced, the line of credit granted by its European bank, and guaranteed by the Flemish government, is being finalized for Smokefree Innotec Inc. and is anticipated to be available for the company to draw upon within the next 10 days. Consequently, the company is coordinating immediate deliveries for its major distribution company presently under contract, servicing approximately 125,000 vending machines. Requests for delivery terms and conditions are also being received from additional European vending distributors.

All fundings for inventories are being provided by a combination of the bank financing underway plus purchase order financing being negotiated with various sources, in amounts adding up to a possible aggregate of $20,000,000. However, the company anticipates that customers anxious for deliveries will pay 60% up front at the time of the order, and the balance due upon shipment. The Company is ordering an additional one million filters to warehouse in preparing to meet this level of demand.

In reality, preliminary company forecasts conservatively estimate gross profits being generated of up to $1,750,000 annually[b/] based on selling only one pack per day from each machine that vends Smokefree Innotec products placed in operation by our distributor currently under contract. Although these estimates were carefully constructed to the best of our knowledge and information available at the present time, there can be no reasonable assurance to a prudent investor that the company will achieve these forecasts totally, even though it is equally possible they may be exceeded; please read the legal disclaimer stated below.