Starfleet Innotech Inc (SFIO)

[wEaReLeGiOn]

Naw, that's not how it's done. Any pubic company can order a NOBO list and ascertain an accurate accounting of the outstanding shares.

The simple fact that a multi-convicted fraud felon was (and still is by virtue of his voting shares) running this company, and that unregistered shares were allegedly hitting the floor, is more than enough for the DTCC to freeze this company's stock.

Then there are the other variables that investors are not privy to, but which may come to bear with the SEC's filed civil case against this company, and it's principals.

http://www.investopedia.com/terms/n/nobo.asp

Non-Objecting Beneficial Owner - NOBO
What Does It Mean?
What Does Non-Objecting Beneficial Owner - NOBO Mean?
A beneficial owner who gives permission to a financial intermediary to release the owner's name and address to the company(ies) or issuer(s) in which they have bought securities. Companies and issuers request this personal information so they can contact the shareholder regarding important shareholder communications (such as proxies, circulars for rights offerings and annual/quarterly reports).
Investopedia Says
Investopedia explains Non-Objecting Beneficial Owner - NOBO
A beneficial owner of a security is someone who has a security or securities held by a financial intermediary. This tends to be the individual’s broker, or, in some cases, it may be another financial intermediary the person is associated with. An objecting beneficial owner (OBO)instructs the financial intermediary who holds the securities to not provide the owner's name and personal information to the company that issued the securities. When you set up your account with a broker, you will often have the choice as to whether or not you would like your information released to the companies in which you purchase shares.


The only way the DTCC lock would be lifted in conjunction with a big news development and PR would be if SFIO initiated the lock to audit the actual share count for purposes of an acquisition/merger with another company. Given the fraud, it is more than understandable that any potential suitor for SFIO would have major cold feet unless total OS shares were accounted for.