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  4. Smokefree Innotec In (SFIO) Message Board

Skipdonohue, thanks for sharing. How much more wai

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Post# of 301
Posted On: 11/12/2012 12:22:23 AM
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Posted By: EliteYoda
Re: skipdonohue #82

Skipdonohue, thanks for sharing. How much more waiting must we endure until this crony DTC global lock is lifted? SFIO shareholders need to know the exact reason for the global lock. Is it reasonable to assume at point in the future Roth will inform the public as to the real reason for the DTC lock? Does Roth even officially know why the DTC globally locked the stock or is his guess about massive naked short selling still his impression about what happened? I assume he and the DTC have communicated as to the reason for the lock and what steps the company must take to regain DTC eligibility, is that a correct assumption? Some have insinuated that it is only a matter of money, is that true? I cannot imagine that its only a question of money, for that would be akin to DTC holding the stock for ransom which would seem to me to be illegal if not immoral. I would think that the DTC has to have certain documents and/or official filings done in order for them to be confident that the certificates they hold in custody at the depository are fungible.


What happened to Denverson? Can you ask Roth what is the status of the elusive Denverson deal? Why is he looking for investors to back the company if Denverson still owes SFIO $1.1M from the BVBA spin-off sale? If Denverson is never going to hold up their end with the delivery of the money then did we just give away the Belgium subsidiary for nothing?! Can Roth really not spend a couple minutes and add a few sentences to the corp website, perhaps under the DTC discussion section? We all realize that probably no progress has been made but I think it is outrageous to make shareholders sit in the dark for over a year with not a single word uttered by management. Even a few new words on one of the HTML pages on the corp website would suffice for us to at least know that the CEO is still alive and kicking and working on things behind the scenes. If he cannot even do that, even if only to state that nothing has changed, then why pay monthly fees to keep the corp website up and running? I guess I just do not understand why Mr. Roth is giving shareholders the silent treatment. After our loyalty to the stock through months of waiting for product to be produced and through all the bashing and other attacks on message boards and then the incredible volatility in the stock and the SEC litigation against the ex-CEO, I would think SFIO shareholders have been through the gauntlet and deserve more than a DTC global lock and management to not utter a word for over a year. Even the FBI/SEC mentioned in the litigation that shareholders deserve more than back room dealings, well, Mr Roth, we deserve more than being kept in the dark for over a year with no word, no updates, no filings, nothing. We shareholders own this company, not Mr Roth. If he is not up to the task of doing what is necessary to get the DTC to unlock the stock and continue business operations then perhaps shareholders need to organize a vote to replace management. If you communicate with Mr Roth, please ping him on these questions and concerns, thanks again for your support and DD.


GLTA


$SFIO!



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