Seriously doubt that the SFIO ticker has ever really traded on fundamentals. The 'unusual trading activity' as the DTCC labeled it is just more 'business as usual' in the MANIPULATED equity market, especially on the OTC.PK.
The PPS will likely fluctuate wildly on liquidity spikes etc.
The day of the lock in 2011, that entire trading session, where we witnessed ~180M+ 'shares' 'trade' (allegedly), the PPS remained the entire time at exactly $0.022. That's half the 400M float supposedly 'traded' at over 2 cents.
~22M 'traded' in the first session back from an 8 year global lock is likely NOT representative of anything. Most cost basis's for positions which have remained dormant this entire time are over 2 cents. Likely the majority of retail holders have sold out (~60M+ you said earlier, which I think is accurate) over those 8 years. At this point, there are likely about 100M real shares held by a few hard core SFIO longs who have held it all through the lock and even before that watching it soar from 2 cents to 8 cents way back when there was news of sales and website, etc. Possibly another 100M+ real shares held by the top three crony brokerage houses and in the trading inventory of a few MMs and the rest of the float is non-existent, simply IOU naked short positions and electronic markers, which, if they wish to close those at some point, they will likely need to buy back real shares to cover those positions, which means at least half the supply of real shares will likely not be up for sale by the longs below at least the old range of 2 to 8 cents. Just my own speculation but I think such assumptions are reasonable. There is also the factor of the marketplace of OTC traders, their behavior over the coming weeks/months? with this now trading again could really change the dynamic drastically. Time will tell, I guess we'll see what happens. I suspect any news whatsoever from Roth and traders could sky rocket SFIO. Though even as a defunct corporate shell, the trading dynamic here because of the gigantic outstanding naked short positions is likely going to be the major factor which dictates PPS over the near term.
GLTA
The PPS will likely fluctuate wildly on liquidity spikes etc.
The day of the lock in 2011, that entire trading session, where we witnessed ~180M+ 'shares' 'trade' (allegedly), the PPS remained the entire time at exactly $0.022. That's half the 400M float supposedly 'traded' at over 2 cents.
~22M 'traded' in the first session back from an 8 year global lock is likely NOT representative of anything. Most cost basis's for positions which have remained dormant this entire time are over 2 cents. Likely the majority of retail holders have sold out (~60M+ you said earlier, which I think is accurate) over those 8 years. At this point, there are likely about 100M real shares held by a few hard core SFIO longs who have held it all through the lock and even before that watching it soar from 2 cents to 8 cents way back when there was news of sales and website, etc. Possibly another 100M+ real shares held by the top three crony brokerage houses and in the trading inventory of a few MMs and the rest of the float is non-existent, simply IOU naked short positions and electronic markers, which, if they wish to close those at some point, they will likely need to buy back real shares to cover those positions, which means at least half the supply of real shares will likely not be up for sale by the longs below at least the old range of 2 to 8 cents. Just my own speculation but I think such assumptions are reasonable. There is also the factor of the marketplace of OTC traders, their behavior over the coming weeks/months? with this now trading again could really change the dynamic drastically. Time will tell, I guess we'll see what happens. I suspect any news whatsoever from Roth and traders could sky rocket SFIO. Though even as a defunct corporate shell, the trading dynamic here because of the gigantic outstanding naked short positions is likely going to be the major factor which dictates PPS over the near term.
GLTA
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