Smokefree Innotec, Inc. (PINK: SFIO) – Breaking News! The board of directors accepted CEO Thomas Schroepfer’s resignation without blinking an eye after the SEC posted a press release regarding alleged securities fraud against he and other figures.

SFIO has replaced Schroepfer as CEO; George Roth (former CFO) will take over as president; Tammy Dunn will be the new CFO and secretary. As you can see, SFIO is up 118% on the day (10:10 EST) at $.014. Can SFIO recover?

Roth made sure to open with the following statement: Smokefree Innotec… as an established international distributor of e-cigarettes (http://www.sfio.us or http://www.realsmokefree.com)…

I don’t know, there’s still a chance SFIO might get halted (I’ve seen stocks get halted for less believe me), but if you wanted to find an entry and play the momentum that might be prudent. I still wouldn’t hold this one long-term right now, but there could be serious profit potential because of all the hype!

Make sure you SIGN UP for my FREE EMAIL ALERTS! Winners last week: WAMUQ 64%, SHZ 67%, YRCW 149%, BBDA 214%, GGRI 309%

The Bottom Line

What a roller coaster of emotions on this one! That was uber quick reaction time on the Board of Directors’ part and I like that! Will SFIO ever trade at the $.03 level again, it very well could. You may want to jump in this bounce for a ride, but make sure to take profit. It looks thin to $.02!

Make sure you SIGN UP for my FREE EMAIL ALERTS! Winners last week: WAMUQ 64%, SHZ 67%, YRCW 149%, BBDA 214%, GGRI 309%

Good Luck,

Ian Decker

Disclosure: Small Position

Updated Chart (12:10 EST)

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