Sniffex (SNFX.pk): Turning Tragedy into Stock Promotion
Over the past three months, shares of Sniffex (OTC: SNFX) have surged in trading volume and price on the pink sheet exchange. With a half baked story of a bomb detection product, Sniffex has attempted to catch momentum from the recent terrorist tragedies in London England. Yet when Stocklemon did a little sniffing around Sniffex, we smelled something of the worst odor … STOCK PROMOTION.
The mastermind behind the shell game that has turned into SNFX is attorney. G David Gordon. We read about Mr. Gordon’s involvement with Sniffex in the disclosure statement filed with the SEC
Mr. Gordon is a notorious securities attorney who was the subject of a New York Times Article in May of 2005. Below are two reprints of the same article :
These following are direct excerpts from the New York Times story as reported by Kurt Eichenwald
"If you focus on David Gordon, you find an incredible web of interrelated parties," said Mr. Crawford, the Con-Tex examiner. "A similar network of people show up again and again and again in these deals, most of which seem to end up in bankruptcy."
Here is an excerpt that quotes David Gordon’s brother Greg Gordon
"For Greg Gordon, what happened is obvious: the brother he once trusted, he has argued in court filings, transformed Con-Tex into a public company solely to profit by manipulating the share price - and ultimately tried to take away more than 60 million shares he owned. "I had a real belief in my brother, but I was stupid," Greg said in an interview. "He's a crook."
This is not the first time that Stocklemon has reported on a Paul Johnson/David Gordon company. In 2002, Stocklemon reported on Lifestyle Innovation (LFSI). David Gordon put the shell together for Lifestyle and Paul Johnson was the CEO.
Actually, according to Lifestyle Innovation’s last quarterly filing in March of 2005, SNFX CEO Paul Johnson was still the acting CEO and Accounting Officer for Lifestyle Innovation.
The largest shareholder of Lifestyle is Mark Doyle White. Mr. White was also the principal of Richmark Securities. David Gordon was White’s attorney and the two were involved in many stocks together. White and Richmark ended up with SEC Suspensions and Civil Penalties for multiple violations including FRAUDULENT PROMOTION OF PINK SHEET SECURITIES.
USNR is another David Gordon "deal" and the CEO of UNSR is none other than Terry Washburn, a major shareholder in Lifestyle. Terry Washburn has been involved in many David Gordon stocks…all which either no longer trade or trade for fractions of pennies. Stocklemon could list all of the deals that Mr. Gordon and crew have put together, but the list to too extensive.
This is the Funniest!!!!!
The phone number given by Sniffex in their corporate filings is (972) 868-9102 with a corporate address of :
Suite 200
5215 N O’Connor
Irving, Texas
This is the same address and telephone number as another company called Data Point Technologies that produces FAX BLASTS and EMAIL BLASTS.
Is the company operating a stock promotion out of the offices or is the stock promotion operating the company out of the offices?????????? Either way it stinks.
Conclusion
As for the Sniffex technology … well, who knows? How can one judge any technology when they do not even have a picture of the product on the website? With $14k in the bank and an "artists rendition" of a product, something tells us that Sniffex is not about to change the world. It is the opinion of Stocklemon that the SEC cannot be far behind this one – you don’t need a bloodhound to "sniff" that something stinks at Sniffex.
Disclaimer: Stocklemon.com does not guarantee in any way that it is providing all of the information that may be available. We recommend that you do your own due diligence before buying or selling any security. At any times the principals of Stocklemon.com might hold a position in any of the securities profiled on the site. Stocklemon.com will not report when a position is initiated or covered. Each investor must make that decision based on his/her judgment of the market
Connor - I believe you have to pay to get put in their newsletter and have reports issued, etc. Apparently, HISC has not contracted with them to do this.
News 
Market Data 
Discover 
