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SEFE, Inc. (SEFE.OB) and Sunpeaks Ventures Inc.(SNPK.OB) Combine for $33.5 Million
A Monster Way to end April with the OTC Penny Stock Heavyweights SEFE, Inc and Sunpeaks Ventures Inc. combining for $33.5 million worth of trades
By: AimHighProfits.com Penny Stock Picks & Alerts
SEFE Background: http://www.aimhighprofits.com/
SNPK background: http://www.aimhighprofits.com/
Symbol Price % Chg $ Volume
SNPK 0.77 +16.67 13,405,274 18,456,130
After the closing bell, CEO of SEFE, Donald C. Johnston, had these comment to make:
“As our corporate policy dictates, we generally do not comment on market activity or on market rumors. However, due to the recent unusual trading activity of our common stock, I would like to take this opportunity to convey to the investment community that our operations are progressing as described in our public filings with the Securities and Exchange Commission, which are available at www.sec.gov.”
SEFE, Inc. (OTCBB- SEFE.OB) is an emerging solutions-driven alternative energy provider. SEFE claims to not be aware of any material developments relating to its operations or business affairs that would account for the recent unusual trading activity of its shares. SEFE has done nothing except file patents and lease some office space, yet the shares have been trading abnormally high volume amounts.
SEFE’s chief executive officer, stated that the Company recently canceled shares of common stock held by the “Former Executive Managers”, which were retired to treasury stock of the Company, reducing the number of outstanding shares from 61,016,000 to 52,278,998. He went on to reiterate that SEFE is a development stage company and has several milestones to achieve as have been outlined in its SEC fillings. Mr. Johnston stated that “the Company is encouraged by its scientific group’s efforts and intellectual property advancements.”
In the other corner, SNPK had no comments to make about their trading activity or any other aspect of their global promotion of Clotamin since Friday, April 27th. The last statements made were that Sunpeaks Ventures Inc.and its wholly owned subsidiary Healthcare Distribution Specialists, LLC ("HDS") had entered into an advertising agreement with CBS Radio d/b/a WFAN 660AM for the marketing of Clotamin through a series of live and recorded commercials, online ads, sponsored events, and onsite retail promotions.
New York City based WFAN 660AM is considered a pioneer of the sports radio format and has been home to some of the biggest celebrity names in radio. Under terms of the Agreement, HDS has engaged CBS Radio to provide various elements for the marketing and promotion of Clotamin, including various 30 and 60 second Live Read and recorded advertisements by WFAN radio personalities Joe Benigno and legendary NFL quarterback Boomer Esiason.
Clotamin will also be mentioned as a sponsor of the popular 20/20 sports updates. In total, 120 Live Read and 45 recorded Clotamin advertisements are expected to be aired over the 3 week duration of the contract period beginning May 28th, 2012.
The Bottom line is that both SEFE and SNPK remain penny stocks to watch over the course of tomorrow's trading session and the subsequent ones since these two high volume penny stocks have already been dubbed "pump and dumps" and "scams" by many novice investors. The question remains that for a stock of any value to transact, there must be a buyer and a seller and each believes he/she is getting a good deal. If it is a "pump and dump" or "scam" as they say, what does it mean for the thousands of investors who have bought and sold and made money on SEFE and/or SNPK?
What are Penny Stocks? http://www.aimhighprofits.com/
Page Updated Last on: May 01, 2012