"Something stinks at Sniffex"

[Roger_Harris]

It seems that Sniffex may be up to more than just bilking people who buy their product. Looking around the Web for Sniffex, I found this at: http://www.stocklemon.com/report_view.asp?ReportID=36

August 1, 2005
Stocklemon Reports on Sniffex

Over the past three months, shares of Sniffex (OTC: SNFX) have surged in trading volume and price on the pink sheet exchange. With a half baked story of a bomb detection product, Sniffex has attempted to catch momentum from the recent terrorist tragedies in London England. Yet when Stocklemon did a little sniffing around Sniffex, we smelled something of the worst odor … STOCK PROMOTION.

[snip]
Here is an excerpt [from a New York Time article about the lawyer who put together the corporate "shell" for Sniffex] that quotes David Gordon’s brother Greg Gordon

"For Greg Gordon, what happened is obvious: the brother he once trusted, he has argued in court filings, transformed Con-Tex into a public company solely to profit by manipulating the share price - and ultimately tried to take away more than 60 million shares he owned. "I had a real belief in my brother, but I was stupid," Greg said in an interview. "He's a crook."

[snip]
As for the Sniffex technology … well, who knows? How can one judge any technology when they do not even have a picture of the product on the website? With $14k in the bank and an "artists rendition" of a product, something tells us that Sniffex is not about to change the world. It is the opinion of Stocklemon that the SEC cannot be far behind this one – you don’t need a bloodhound to "sniff" that something stinks at Sniffex.

On their Web site (and on their Yahoo Finance page), Sniffex touts that they are a "featured company" by stock newsletters like HomelandDefenseStocks.com. But it seems that it's really nothing but a paid advertisement:

All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of ECON or its related web sites. The site is currently compensated for by its "featured companies." Sniffex, Inc. -- Five thousand dollars per month. Featured Company on HomelandDefenseStocks.com. www.InvestorIdeas.com/About/Disclaimer.asp

And on AllPennyStocks.com:

Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Sniffex, Inc. (Other OTC:SFNX.PK - News); the amount is two thousand dollars by a non-affiliated third-party, Source Press, Inc. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/apsc/us/stock_profiles/snfx.htm.

And on OTCPicks.com:

OTCPicks.com has been compensated five thousand dollars by a third party for PECB advertising and promotional services.

So, it appears that Sniffex may not really be all that interested in selling the dowsing devices; the real money may be elsewhere!

 

[wdsmith]

Sniffex: Putting the "Bull" in "Bull Market"

I wish I could get a nickel for every pump-and-dump spam I get.

 

[Roger_Harris]

I wish I could get a nickel for every pump-and-dump spam I get.

Did you notice in the StockLemon report that the phone number given by Sniffex in their corporate filings is the same address and phone number as a FAX and e-mail spamming operation called Data Point Technologies? Another page that I found in my Web search was a spamming complaint against Sniffex:

http://www.anti-spam-log.com/moronic.asp?id=190

Edited to add: If you do a search for Sniffex on Google Groups, you'll find dozens and dozens of postings with exactly the same text as the e-mail spam reported above -- almost all of which are now consigned to the news.admin.net-abuse.sightings group.