Starfleet Innotech Inc (SFIO)

[pegasus1]

Long time lurker first time poster on this board. On the day the news was released, I had just plowed a few thousand additional $ into SFIO. I bought at around .03. Went to lunch and when I returned, my newly increased investment was down 82%. Ouch.

Now I'm stuck like everyone else waiting to see how this pans out. One thing I am wondering though, is it possible the lock is due to the fact the CEO was acting as the company's transfer agent? I noticed in the SEC complaint it stated he had acted as the transfer agent and they noted that shares had not been registered.

Is there a concern there were illegally issued shares, perhaps without proper restrictions?

Just speculating. Another poster somewhere stated that Etrade had told them the stock couldn't be traded until the company obtained a transfer agent.