Thursday, October 06, 2011 3:39:19 AM
http://www.otcmarkets.com/stock/SFIO/news
Concerning whether or not T.S. still owns any shares or not, none of us can truly know until the official disclosure documents are released by the company and we also get the most up to date share structure and inside percentage ownership. I personally would be very surprised and puzzled if the the courts did not seize and liquidate T.S.'s shares already, just my humble opinion, but like so many times before, I could simply be dead wrong.
BTW, if any one is curious, it is interesting to take a look at the chart from exactly 6/28 to 7/1 with volume. For days up until and including 6/28, the pps was solid at .04 with volume hovering at about 3M shares intraday, then on 6/29 the pps dropped 25% to .03 (someone knew something was coming?), then on 6/30 from the start of the opening bell the pps steadily declined and kept declining through the day with increasing volume, then about an hour before the closing bell the SEC litigation was 'announced' and the pps hit a low of $0.0041 (sub penny from an open of $0.03) with intraday volume at roughly 84M. ... 'hmmmmmmmm'
Then of course, Friday 7/1 the news came out that T.S was no longer with the company and buyers flocked into the stock and the pps rose to $0.02 with intraday volume at 182M!!
'hmmmmmm'
I have a sneaking suspicion that the courts had already seized T.S. roughly 70M position and dumped it on 6/30 starting in the morning and ramping up the dumpage until the release one hour before closing. Or it could have been a firm who had orders to liquidate the shares and maybe got behind in selling them over the days and weeks (having too much fun selling phony shares?) then just killed the pps in one day on the day of the 'announcement'. I know, speculation, crazy me, but hey I am just some lone nut job thinking aloud, what do I know?
Otherwise, it was legit volume all throughout the day of a myriad sellers all coming out on the same 'random' day to sell together all throughout the day with a crescendo in the last hour when most of the volume was dumpage, coincidence? I mean for a myriad sellers each with some medium sized average position to be so on top of the market to all be at their trading desks reading the litigation on the second it comes out and all get out within an hour time before the end of day seems a little bit fishy, don't you think? ;)
Who knows what really exactly happened but I find it amusing that days and days went by with pps solid and unchanging at .04 with little volume then a day before the 'news' the stock drops by 25% then all through the day of the 'news' the selling dropped it into mid .02's on heavy volume and talk and teases of killing the pps via shorting down into sub penny then minutes later the litigation comes out and someone dumps about 70M shares which happened to be about the size of T.S.'s share position in the common. Just something to muse while we wait... tick tock. ;)
GLTA!
$SFIO!
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