Replies to post #82012 on Starfleet Innotech Inc (SFIO)

[multivalue]

Shell

A Shell Company is a company, other than an asset-backed issuer, with no or nominal operations and either
1) no or nominal assets;
2) assets consisting of cash and cash equivalents; or
3) assets consisting of any amount of cash and cash equivalents and nominal other assets, as defined by Securities Act Rule 405 and Exchange Act Rule 12b-2.

SEC reporting companies designate their shell status in their periodic filings.

Shell Risk

The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information.

In limited circumstances, OTC Markets will consider removal of a company’s shell risk designation upon written request by a company. Please be advised that such requests will only be considered when there has been a material change in financial condition since the most recent fiscal year-end that is reflected in publicly available interim financial statements. Examples include a material increase in asset composition or operating revenues with related financial disclosure as a result of an acquisition or change in control transaction.

Removing the word "Risk" implies that the company/security is "less" of a risk of just being a shell.

One should read the disclosures to help identify what the company/ticker is a that time. In this case, they filed basically "0" in the fins so by otcmarkets definition they have no assets so they were a a risk of just being a shell. After some conversations and such, otc determined that they no longer fell into that category and removed the "shell risk" to "shell".

IMHO once the CE is dropped, then they can move forward and start PR's and filing the appropriate SEC docs and financials.

Basically they are trying get "the SFIO" house in order and cleaned out to be able to move in their furniture and open the house to the public.

All my opinion.