SFIO urgent news
This post is for those who are invested in Smokefree Innotec and need the communication.
I am not a pumper or dumper but one who does believe in the product.I also am very familiar with brokerage firms ;) Here is what I know(no BS).
SFIO has not been shut down by the SEC! The SEC sent out a letter of caution to all retail brokerage firms. This is to let them know there is some underlying issues in a company. As we all know the underlying issue was CEO Thomas(now removed). Due to the letter from the SEC, one by one, retail brokerages(etrade,scotttrtade,ameritrade) put a lock or hold on all transactions of SFIO.
The letter from the SEC was not a shut-down letter. I personally spoke with the SEC (investor/complaint line) and there is no shut down at all.The gentleman actual kept me on the line and walked down to the bloomberg office and looked up every item. Actually, many private and non-retail brokerage companies have been trading until close(please look at volume).
Here is what is going on----- The SEC send the letter so they could investigate on all the trading that took place on Thursday. They need to settle with SFIO all unethical trading that took place with those who knew they were getting kicked out(Thomas and the 2 Fuentes brothers). Once this is settled(they say 3-5 days), the lock will be lifted. This is 100 percent about settling the bullshit volume trading by those who knew their fate.
The Bad Blood is now gone, the new blood is in and many things are on the platter. The company is still making product, there is still a board of directors, the is still things in the pipeline. The dust has to settle before you can expect any PR info. Timing is key and this is not the time. Things have to get settled first.
I am not saying we have a chance to get what we may have lost but there is a possibility. We should know more by next week. I'm with all you who bought around .04-.05. I don't want my money locked up and just lose it either. What I said is what I researched. Those involved do not want this to go under either....
This post is not to create any good or bad intentions but the honest true as I know it. The stocks are suspended so it cant create and flux. It truly is to make people aware that people are trying to fix a bad situation and the company still is working hard to fix the image that has been stained.
AI
