Replies to post #44921 on Starfleet Innotech Inc (SFIO)

[EliteYoda]

Platero - Wow, wow, great links and great info on NITE and ST, thanks so much for all treasure chest of data on that matter, must have been hard to find.

I especially like post #822, that poster really spelled out exactly the kind of naked shorting that NITE seems to have gotten away with for years... until now (?)!

I think this is a huge disgrace for ST and I think any SFIO investors who are blocked on Tuesday from trading legit shares should contact ScottTrade and complain to no end about it.
It is really a disservice to their clients and to the faithful long term investors in these kind of stocks. Enlightening really.
thx

$SFIO!

[hurtszz]

Mr. Roth, I hope you read Platero's post. Tomorrow morning, News equals justice for SFIO. Please deliver. This is your chance to inflict the knock out punch.

[tob999]

Thanks for those Platero..i googled them on Friday also! Amazing coincidence huh? Scottrade is NITE...NITE shorts pinks all the time..gets caught short and ST halts tradin!! UNBELIEVABLE BUT TRUE! And this is happenin right now, right here with SFIO! How the hell can this CORRUPT BLATANT MANIPULATION AND OUTRIGHT CRIME be allowed?

[FluffyLogic]

So after reading all this, what I see is that ST and Nite are protecting themselves. Based on the stocks listed in those links, it looks like they were smart to stop trading them. By extension, they kept investors from buying in and getting stuck holding extremely overpriced shares they would get stuck holding. Now one could argue, we cannot sell our overpriced shares back to them when a perceived rally ensues and thus it is unjust. However, not seeing a single successful stock in that list (as far as a sustained PPS) and many completely defunct, leads me to believe that ST and NITE did your average investor a huge favor by preventing them from buying anymore.

Now for day traders, this is a problem, as they are not looking for long term investments. They love to trade shares, period. Nothing fundamental with a company truly drives them. They are trading based on momentum and this is not illegal, as long as they are not behind the over hyped, misleading, or down right false information pumped to message boards all over the internet (excluding this one of course.)

The rub on this stock (SFIO) is that there is a product that appears entirely legitimate (I even own one and have tested it among many smokers.) However, history even proves that can be misleading, and over valuation of PPS can be easily acheived. Some would argue that is exactly what has happened to SFIO, some would arge SFIO is different. Looking back in history, one could come to what would appear to be an obvious conclusion. That SFIO is...

Well as Denny Green once said, "they are who we thought they were!"

In the end, ST and NITE will allow the stock to trade again. My only question left unanswered is why couldn't NITE (I believe this is more a NITE thing than ST, as I believe NITE shutting it down leaves ST no choice and say in that matter) just choose to honor trades based on what shares they really own? Or is it the fact that they have no clue which shares are real? Oh wait, that is exactly what the problem is. So I guess I am more surprised that any MM is allowed to trade this stock, as it seems more than obvious no one knows exatly what they actually hold.