Fact vs Fiction Quite the level of speculation
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Posted On: 01/09/2019 8:25:16 PM
Fact vs Fiction
Quite the level of speculation, disinformation and rumors there appears to be surrounding the SFIO saga lately.
In an effort to inform I thought I would just summarize a few SFIO related facts versus fiction...
Facts:
- The float is ~400M
- The fails data is only updated biweekly and since there has not been any trading in the SFIO ticker for months and years there is no record yet in the failure to deliver metrics. Also even if there are failures they may not necessarily be properly reported to FINRA, as there are each month a myriad regulatory fines against many brokerage houses by FINRA based upon not properly reporting monthly short sales and failures data. Even though ~180M+ shares were traded on the fateful day of the global lock, because the lock was placed just after the trading session, the crony firms did not find the need to properly report failure to deliver data and so there was no data entry for that day (still to this day). Leave it to the reader I will to decide if he/she believes there were zero FTDs on a day of historic volume of virtually half the float 'traded'. Zero short sales reported as well for that day.
- OTC.PK stocks ARE indeed shorted, heavily, primarily by market makers. The figures are easy to find. For SFIO, Mon and Tues short sale figures which were reported (likely much of the daily shorting was not properly reported by crony firms and/or much of the shorting is done by foreign firms which do not comply with the SEC regulations) were..
20190108|SFIO|12839542|0|86743192|O
20190107|SFIO|7337884 |0|21908789|O
as you can see, heavy heavy daily shorting, which also entails heavy covering, which means most of the volume is just algo-bot wash shuffling of IOUs from one MM account to another, it's phony volume done to confuse and trap day traders. Most retail do not have the margin requirements necessary to short but because of the SEC regs, MMs are allowed to naked short to their heart's content.
- SFI does indeed have an approved patent for the UK
UK Patent
- The website domain for SFI is smokefree-innotec.com it is NOT smokefreeinnotec.com, it is NOT realsmokefree.com. The domain appears to still be licensed to Roth and it is current but it's current status is 'parked', there is no SFI specific content currently.
Fiction:
- RJ Reynolds is somehow working with SFI on patents and/or will buyout SFI and/or soon to be engaged in revenue sharing collaborations. Of course we shareholders don't know anything so who knows all the rumors could be true but to date we have heard nothing from Roth and there have been no official PRs or filings so we have to assume all of the rumors are just that, rumors. The RJR patents are just that, RJR patents, they have nothing to do with SFI. Roth did not sell off the UK patent to RJR or any other nonsense. That also does not mean SFI has nothing of value or our patent is invalid or useless. SFI has a UK patent, period.
- Someone has paid the DTCC to unlock the ticker and paid the Nevada business license in order to perform an OTC pump N dump of the SFIO ticker. This is just total nonsense and baseless speculation. The last entry in the Nevada business entity documents is from 2011; just Roth upkeeping the business entity, there has been nothing since, which is why the status is still 'revoked' which just means dues and fees are needed once more if or when anyone (Roth) would like to get the business entity current with the state of Nevada. It doesn't mean much at all.
- Some old shareholders are in contact with Mr Roth and have phoned him ... etc etc. Could very well be true but there are others who claim they tried the contact phone number and email and got no response. Likely these are all just tall tales by over-zealous day traders in the stock. All we can really know is what comes out, if anything, in the form of press releases and/or SEC filings. Also the lack of SEC filings all these years does not necessarily prove that SFI is 'dead' and/or Roth is never going to do anything with SFI the company. Perhaps there was nothing to do when it was locked but now that the stock is trading again, perhaps there could be incentive to get some fundamentals going with the company. Time will tell, we will see. In the meanwhile, the ticker is going through technical machinations based upon technical dynamics between market makers, day traders and long term shareholders. This is likely to continue for a very long time, perhaps for as long as the ticker is trade-able until there is any news which changes the fundamental story for SFI the company.
All should be careful what to believe in the Pink Sheets scum swamp of day traders, bashers and anonymous internet message board jackals and their wolf packs. Quite a myriad of incentives and a torrent of disinformation surrounds these OTC tickers. Stick to what we know as fact and dismiss the rest of the noise.
GLTA
Quite the level of speculation, disinformation and rumors there appears to be surrounding the SFIO saga lately.
In an effort to inform I thought I would just summarize a few SFIO related facts versus fiction...
Facts:
- The float is ~400M
- The fails data is only updated biweekly and since there has not been any trading in the SFIO ticker for months and years there is no record yet in the failure to deliver metrics. Also even if there are failures they may not necessarily be properly reported to FINRA, as there are each month a myriad regulatory fines against many brokerage houses by FINRA based upon not properly reporting monthly short sales and failures data. Even though ~180M+ shares were traded on the fateful day of the global lock, because the lock was placed just after the trading session, the crony firms did not find the need to properly report failure to deliver data and so there was no data entry for that day (still to this day). Leave it to the reader I will to decide if he/she believes there were zero FTDs on a day of historic volume of virtually half the float 'traded'. Zero short sales reported as well for that day.
- OTC.PK stocks ARE indeed shorted, heavily, primarily by market makers. The figures are easy to find. For SFIO, Mon and Tues short sale figures which were reported (likely much of the daily shorting was not properly reported by crony firms and/or much of the shorting is done by foreign firms which do not comply with the SEC regulations) were..
20190108|SFIO|12839542|0|86743192|O
20190107|SFIO|7337884 |0|21908789|O
as you can see, heavy heavy daily shorting, which also entails heavy covering, which means most of the volume is just algo-bot wash shuffling of IOUs from one MM account to another, it's phony volume done to confuse and trap day traders. Most retail do not have the margin requirements necessary to short but because of the SEC regs, MMs are allowed to naked short to their heart's content.
- SFI does indeed have an approved patent for the UK
UK Patent
- The website domain for SFI is smokefree-innotec.com it is NOT smokefreeinnotec.com, it is NOT realsmokefree.com. The domain appears to still be licensed to Roth and it is current but it's current status is 'parked', there is no SFI specific content currently.
Fiction:
- RJ Reynolds is somehow working with SFI on patents and/or will buyout SFI and/or soon to be engaged in revenue sharing collaborations. Of course we shareholders don't know anything so who knows all the rumors could be true but to date we have heard nothing from Roth and there have been no official PRs or filings so we have to assume all of the rumors are just that, rumors. The RJR patents are just that, RJR patents, they have nothing to do with SFI. Roth did not sell off the UK patent to RJR or any other nonsense. That also does not mean SFI has nothing of value or our patent is invalid or useless. SFI has a UK patent, period.
- Someone has paid the DTCC to unlock the ticker and paid the Nevada business license in order to perform an OTC pump N dump of the SFIO ticker. This is just total nonsense and baseless speculation. The last entry in the Nevada business entity documents is from 2011; just Roth upkeeping the business entity, there has been nothing since, which is why the status is still 'revoked' which just means dues and fees are needed once more if or when anyone (Roth) would like to get the business entity current with the state of Nevada. It doesn't mean much at all.
- Some old shareholders are in contact with Mr Roth and have phoned him ... etc etc. Could very well be true but there are others who claim they tried the contact phone number and email and got no response. Likely these are all just tall tales by over-zealous day traders in the stock. All we can really know is what comes out, if anything, in the form of press releases and/or SEC filings. Also the lack of SEC filings all these years does not necessarily prove that SFI is 'dead' and/or Roth is never going to do anything with SFI the company. Perhaps there was nothing to do when it was locked but now that the stock is trading again, perhaps there could be incentive to get some fundamentals going with the company. Time will tell, we will see. In the meanwhile, the ticker is going through technical machinations based upon technical dynamics between market makers, day traders and long term shareholders. This is likely to continue for a very long time, perhaps for as long as the ticker is trade-able until there is any news which changes the fundamental story for SFI the company.
All should be careful what to believe in the Pink Sheets scum swamp of day traders, bashers and anonymous internet message board jackals and their wolf packs. Quite a myriad of incentives and a torrent of disinformation surrounds these OTC tickers. Stick to what we know as fact and dismiss the rest of the noise.
GLTA
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