Starfleet Innotech Inc (SFIO)

[wEaReLeGiOn]

There are serious consequences for PinkSheet companies blaming shorty for their declining share price.

Today's news release should be viewed in a very critical light.

More from the SEC with regard to naked shorting.

http://www.sec.gov/spotlight/keyregshoissues.htm

There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company's stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of naked short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company's poor financial situation rather than the reasons provided by the insiders or promoters."