Again, PEL* is a horrible example, it's got next to ZERO volume. SFIO is in limbo, and it is not in their control from what we can tell based on the news we know at this time. We know the DTC has it locked, and did so just a couple of days after the former CEO and founder was publicly charged with violating the law. It had to do with company stock, and that is a huge no-no whether he was set up or not.
None of us know anything, and anyone saying otherwise has been doing so for a couple weeks now and have no results to show for it, good or bad. Because we are stuck in limbo, as they (SFIO) are not going to leak insider information to forewarn a message board. Especially when they are under federal microscopes.
Also, let's see some other expamples of the 3,500 DTC locks that are serving the company well? Even if a CEO requests a lock, things are not good, and something stinks in marketville if they need to request the lock.
No one is saying this lock is due to SFIO being the bad guy either. They may have in fact cut the cancer out of the organization, but there may very well still be cancer in the system via trading systems. Whether it is ST, ET, or the boogey bleeping man, something is certainly not right yet.
Does this mean set fire to your shares? Heck no! Hold them, duh, cause they are not going anywhere (unless they turn out to be bogus and then I put that on the brokers who bought them for us, as we trust in them to verify they bought real shares. Without that trust there is no need for them, so are liable if they fail to provide us shares.) However, to buy you may need to open another account with another broker if you wish to dare risk more on this company at this time considering the turmoil created by their former leadership, traders, MMs, rogue investors, naked shorts, martians, or Harry Potter. You don't need to transfer shares to buy more, just open an account with a broker willing to let you buy. Well, unless you think selling at these prices is a good idea (which it might be even if you take a loss doing it, I don't know, none of us know for sure.)
However, to act like this stock is about to make a big move pre-dtc decisions on unlocking it, is a guess at best and pure folly at worst. Check the charts, and the news on PEL* if you must, and you will see it's not really good news to an investor. Maybe as a pure penny play if you think you can get an order to go through. Look at that bid to ask spread, and that volume, and then I dare you to buy with an open order. IF the same is in store for SFIO I'll feel I am worse off than I already am. And I am not even saying PEL* can't pull out of it's own funk if the DTC lock ever lifts. Because again, no one really knows there either, regardless of how many cool jpegs clog that board.
