Replies to post #15040 on Starfleet Innotech Inc (SFIO)

[Gamma1848]

OTC markets also has the dilution stats from that Oct 25 filing through January 31*:

Share Structure
Float 222,703,991 a/o Jan 31, 2011
Shares Outstanding 504,484,423 a/o Jan 31, 2011

That is an increase in the float of 72.6 million shares (48.4%) from Oct 25 - Jan 31
That is an increase of 45 million shares outstanding (9.8%) from Oct 25 - Jan 31

The float increased by 174 million (356%) from Jan 1 2010 to Jan 31 2011

It would be impossible for that many shares to be dumped onto the market and not have the PPS crater as it did.

*this dilution is all prior to Feb 1 when the stock was pumped and the volume of newly created shares being dumped onto the market accelerated, I would be surprised if the float did not increase by another 10%+ by the time financials come out

There is no question that the greatest factor in the precipitous decline in the PPS from the date of the filing through today is the massive dilution that is occurring.

Of course, it is important to keep in mind that if the company doesn't start shipping Smokers Options to the people who placed orders two weeks ago that the biggest threat for shareholders won't be dilution it will be dissolution.


Nytebane,
The creation of the second class of preferred shares is an important distinction, thanks for clarifying my post.

Just to clarify this is were the Oct 25th 2010 filing can be found. End Of Year will show us how many shares have been issued since Oct 25 2010

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=38418

COMMON SHARES (shares we see being traded) were increased by 150mil not 50%

Perfered shares are now 100mil.

These are two totally different classes of shares. Both classes of shares Common & Perfered =750mil.


As of the this filing date ended October 25, 2010, the Company had common shares
outstanding as follows:

750,000,000 shares authorized, in two classes:
Common shares Authorized: 650,000,000
Preferred shares Authorized: 100,000,000
459,527,454 common shares issued and outstanding.
150,103,991 freely tradable shares.

There were a total of 360 beneficial shareholders.
There were a total of 148 shareholders of record.

2. As of the end of the issuer’s most recent fiscal year end.
As of the period ended December 31, 2009, the Company had common shares
outstanding as follows:
500,000,000 shares authorized.
441,767,714 common shares issued and outstanding.
48,800,991 freely tradable shares.
There were a total of 290 beneficial shareholders.
There were a total of 156 shareholders of record.
3. As of the end of the issuer’s prior fiscal year end.
As of the period ended December 31, 2008, the Company had common shares
outstanding as follows:
500,000,000 shares authorized.
373,524,578 common shares issued and outstanding.
8,700,000 freely tradable shares.
There were a total of 280 beneficial shareholders.
There were a total of 130 shareholders of record.