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Tom4investor2011

01/02/12 12:49 AM

#57599 RE: WHITTENHALLJR #57598

For anyone or any companies to file any Chapter(s), one must have debt/larger debts that they couldn't pay to get rid of, as for SFIO I didn't think they have any that would be necessary to do so. None! Except small bills/monthly expenses.

IHubMike

01/02/12 2:38 PM

#57611 RE: WHITTENHALLJR #57598

I hope I'm wrong and that SFIO rebounds like some miracle, because I have also invested in this quite largely.
However, I believe I've lost 100% of this investment.
If not forever, then perhaps decades down the road (when im an old man) maybe I'll have some retirement funds from SFIO stock.
I have given up on SFIO and I'm sure that most the other 150 investors are also giving up or have already.
I know its easy to be hopeful that SFIO is going to be ok especially when its your money, but I just dont think the risk outweighs the reward anymore.
I wouldn't buy this stock today if I had none.

When I spoke to TD Waterhouse staff on several occassions they informed me that it would be "mostlikely" that SFIO would never be unlocked or take 10-20 years. They said its completely normal for a DTC lock to last 20-30 years and one man said he had seen this happen more often than not.

So perhaps SFIO will get unlocked, but in another 10 years from now. I'm not considering that a win at all. My success is going to be based on the next few years of my life and SFIO does not look like it will factor into that timeframe.
Houses, Cars, etc are all coming to me shortly and SFIO did not help, they hindered.