Well, you guys are definitely right that our opinions of where SAFC is headed don't really mean anything. Either SAFC will turn out to have the products they claim and we will all make money or it will turn out that they ran out of time to produce the products before a creditor(s) that were unwilling to extend the agreement(s) came calling or that they were only in the business of printing and selling stock for personal gain from day one.
But that can really be said about every stock we discuss on I-hub.
The one thing I can say is that I am 99% sure the proceeds of the stock being dumped into the float do not benefit the company. Legitimate capital infusions from newly minted shares are either sold privately as restricted shares to big investors or sold to the public AFTER an announcement of the share increase and offering.
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