SFIO

Smokefree Innotec Inc (PINK:SFIO) had An Dream Run

If you are a penny stock lover and dreaming about multiplying your money in very short term, then probably are the luckiest person if you had bought SMOKEFREE INNOTEC INC (PINK:SFIO) two weeks ago.

SFIO started gaining momentum on May 11, 2011, when the stock doubled to $0.02 on huge volume of 123 million shares. Next day was even stronger, with the stock gaining another 200% on a whopping volume of 132 million shares.

Then, SFIO moved within range of $0.05 to $0.08 in the next one week. In the past two trading sessions, the stock has corrected by one third of its price to $0.04 on lower than the average volume.

Recent rally was largely driven by company’s announcing of signing an Exclusive worldwide distribution contract, which would help them to market their e-cigarettes aggressively.

If we look at the company’s business, the company is engaged in designing, developing, manufacturing and marketing hi-tech, nicotine and non-nicotine cigarette-like delivery devices, which doesn’t affect one’s health and very useful for smokers, who wants to leave their habit of smoking.

Last week, the company said that its products would be available for order on their website.

For the financial year 2010, SFIO had revenue of $18, 931 and a loss of $151,214.20. The company’s total current assets have been greater then total current liabilities, which could affect its shareholders fund.

Considering current news flow, traders might rush into buying SFIO

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