Agreed. It's all up to George Roth now IF he even
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Posted On: 05/03/2019 4:57:21 AM
Re: Shovelhead80ci #187
Agreed.
It's all up to George Roth now IF he even still is acting as CEO for SFIO.
If no one at the helm there is then who knows what will ever happen with this shell/ticker, if anything. Shareholders need a PR or even a simple HTML website where Roth can post his own updates. It would cost about ten dollars a year to keep us informed. According to the last filing in 2011 he has a million preferred shares so now that SFIO is unlocked and trading it would make sense that he would have incentive to do something because he could raise operating funds via diluting those pref shares and start up operations again.
The float is still relatively low, ~400M, for a micro cap. There are defunct tickers to micro caps with over a billion shares trading at single digit penny share prices. On the day of the global lock 8 years ago half the float 'traded' and the PPS remained one tick above and below $0.022 the entire trading session so a couple million shares 'traded' here and there each day right now at sub penny does not hold much weight.
No one knows the future but anything is possible and the absolute high was $0.086 on heavy volume back in 2011 so it could very well rise to such levels once again if enough volume were to trade, anyone's guess it is.
Likely not too many holding this stock and even fewer still holding after 8 years of a 'global lock' so probably rather thin on the upside, especially considering that it rocketed only right back to $0.022 the day after the 'unlock'. Curious to see though that there was a trade of a few shares at the five cent level so officially that is the current 52 week high though does not hold much weight. Likely a five cent to ten cent run would draw much attention to SFIO.
Time will tell.
Good luck to you
Do or do not, there is no try.
$SFIO
It's all up to George Roth now IF he even still is acting as CEO for SFIO.
If no one at the helm there is then who knows what will ever happen with this shell/ticker, if anything. Shareholders need a PR or even a simple HTML website where Roth can post his own updates. It would cost about ten dollars a year to keep us informed. According to the last filing in 2011 he has a million preferred shares so now that SFIO is unlocked and trading it would make sense that he would have incentive to do something because he could raise operating funds via diluting those pref shares and start up operations again.
The float is still relatively low, ~400M, for a micro cap. There are defunct tickers to micro caps with over a billion shares trading at single digit penny share prices. On the day of the global lock 8 years ago half the float 'traded' and the PPS remained one tick above and below $0.022 the entire trading session so a couple million shares 'traded' here and there each day right now at sub penny does not hold much weight.
No one knows the future but anything is possible and the absolute high was $0.086 on heavy volume back in 2011 so it could very well rise to such levels once again if enough volume were to trade, anyone's guess it is.
Likely not too many holding this stock and even fewer still holding after 8 years of a 'global lock' so probably rather thin on the upside, especially considering that it rocketed only right back to $0.022 the day after the 'unlock'. Curious to see though that there was a trade of a few shares at the five cent level so officially that is the current 52 week high though does not hold much weight. Likely a five cent to ten cent run would draw much attention to SFIO.
Time will tell.
Good luck to you
Do or do not, there is no try.
$SFIO
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