Replies to post #73799 on Starfleet Innotech Inc (SFIO)

[ologun]

I honestly am not following this one. I've been in enough of them to know how to determine its value based on chart.
Just find a good entry and exercise caution (aka take profits).

I play custodianships because I am uninterested in stories and moon-shot promises. It is purely transactional. This is a dead shell; it trades at X. There is potential for it to be more than a shell; it should trade at a price higher than X. What that price is, I don't know and honestly don't care. As long as it is higher than X.


I will start paying attention to the actual story once it is able to break specific milestones (read as resistance levels).

[lumpy9200]

Misiu404, I know you didnt ask me, but ologun and I have actually invested in many of the same shells. That's mainly what I do. I'm not a legacy Smokefree Innotec shareholder like you are. With shells, for a long time you don't know who will reverse merge in. You might recall, you had no idea what was coming when SFIO rose from the dead at .0002 or whatever it was, skyrocketing (on a percentage basis) to near a penny. It was all on the knowledge that first, a known custodianship company had applied to take control (universal management, as you know), and then with the buzz that the company coming in would be worth a lot. Sometimes the incoming company isn't worth that much. Sometimes the incoming company is a scam (I think that may be the case with WS*GF, and I sold because of that). Sometimes it's a foreign company that you can hardly find out anything on. Most of the time it sure isn't a company with a CEO that has a proven track record over decades in his/her particular field. But that's the case here. SFIO got Betta4UBrands, run by respected industry veteran Bernard Rubin. Rubin was involved with massive beverage companies. He's the real deal, and one could hardly ask for a better merging-in company in my opinion.