TopDog, thanks for your positive attitude, as alwa
Post# of 300
TopDog, thanks for your positive attitude, as always.
For shareholders sake, I hope you are right and the principles behind SFIO put boot to ass and get the DTC to unlock the stock and ramp up inventory, production and online sales once again (at a minimum). The company and its principles have been dragged through the mud. It seems as if large dark forces have worked to smash this product, company and its investors into the dust, but like the little engine that could, SFIO just keeps coming back and never quits. After over a year of the stock in a global lock with virtually zero trading, the bashers continue to jump on any and all positive posts of longs hoping for positive developments for the future of SFIO. When most cannot buy or sell the stock, they are just stuck, it seems strange that so many dark forces would still be all over the longs, calling them filthy names and poking fun at them that they bought into what they consider a share selling scam filled with criminals. Well, we did not buy into individuals, we bought into the idea of the potential for the product and the company. No one but the DTC really knows the real reason for the global lock. Many traders bought into the stock for a trade on July 1 2011 and were immediately (in after hours) stuck in the stock when the DTC announced the global lock (no buys no sells). Do those traders deserve to have their capital locked up for years and years because of some unknown reason? Even before all of the times of the entire fiasco, there were only about 150 shareholders of record in this little known company. I would imagine that about a third got out when it hit the highs at 8 cents per share, then as it fell back down to 4 cents and the subsequent news of the SEC litigation, I cannot imagine less than half of the rest getting out on the news, which would only leave about 50 or so die hard investors. I estimate about half have probably gotten out since the lock, so there are probably only about 25 investors still holding long in SFIO, just total speculation and a complete guess, but it seems rather reasonable. You cannot tell me that it would be too difficult and complicated to reach out to each of those 25 holders of shares and verify with them how many shares they own and when they purchased those shares. The company could work with the DTC and shareholders to sort out who owns what and where the discrepancies are, if any. The thing is, I don't even think there really is any "share imbalance" or "unusual deposit activity" or any other such nonsense BS. I happen to think that all of those bogus reasons are just smoke and mirrors and a front by the DTC to just spew out some nonsense to the public so that they can have an excuse for the global lock (for other reasons). Who knows what those other reasons are but it seems clear that the DTC locked up the trading in order to wipe out any bid support in the stock so that the MMs and crony participants (of the DTC) could arbitrarily take the PPS down to whatever level they wished, on how ever many shares traded they wished, for however long a time period they needed, in order to squeeze longs out of the shares they own, in order to cover the IOUs and phantom shares they sold (half the float) on July 1 2011. Its criminal and its unfair to longs who stood by the company through years of daily market manipulation, price swings and spikes, rigged negative news by the SEC about a meaningless legal technicality that the ex CEO got entrapped with, and the manipulation of the stock trading on that news, followed by what appeared to be crony brokerages and market participants flooding the market with half the float worth of phantom shares (naked shorts) to unsuspecting buyers (traders). All of this followed by a year and a half (so far) of watching the cronies shuffle a few hundred dollars worth of shares back and forth between their friends accounts to make it look like people are constantly capitulating for lower and lower prices for months on end while the bashers still hang around and stick it to us every chance they get reminding us of our alleged investing mistakes. Its an outrage.
Loyal investors in the company deserve more; (as the SEC would put it).
Its up to the company and management to resolve the issues standing in the way of progress. Its up to them to get this company moving forward again. Lets hope they can deliver for shareholders who seem to be collateral damage of the SEC looking to put heads on the wall.
THANKS, for protecting me, SEC, DTC and FINRA, THANKS, I am sure we all appreciate it. Tsk