Starfleet Innotech Inc (SFIO)

[pitadog]

Every thing in your post is correct. Actually, I believe the PR to be fluff BS. I do not believe that SFIO, given the current situation, can sell any kind of shares. Yet, if one wishes to believe they can, the $1M placement suggests a 504, but regardless of which rule they would use, it would be at a major discount to current pps...if there was not a trading lock on. So the point that you make is very valid.

Current A/S is 650M and O/S is 554M, based on my reading, so in time they would need to raise the A/S huge to conv. preferreds or allow the new commons into the A/S down the road. Additional dilution into the market coming downstream!

Same old pink sheet company BS. A scammer gets his hands on a product or idea and gives shares of a new company for it, even if it is a POS....buys an old shell with more shares in the new company, both with the deal being they are going to pump the new company. At this point, no cash has changed hands. Even a ligit company in the pinks can't move forward with this Biz Plan. rotflmao

Finally, I don't care what peeps do, but preservation of capital, even with a massive loss is better than a total loss. GLTU and to all. Been here, done that, and got the T-Shirt!!!