YFRM | YaFarm Technologies’ Stem Cell Grab Has No Roots

YFRM Stock, YFRM.PK, OTC YFRM, YaFarm Technologies Inc., YFRM scam, YFRM stock scamRight at the market open on Tuesday, news snuck out on the wires that YaFarm Technologies Inc. (YFRM ) was set to acquire the Integrative Stem Cell Institute. Without any hesitation, the “in the know” crowd pounced on the opportunity to grab shares of YFRM stock for as low as 0.10, more than 30 minutes before the the first leaks of it being the newest penny stock pick from The Bull Exchange. News, financials and share structure all got thrown out the window for a straight up “Accounting 101″ type trade; FIFO: First In, First Out. Long traders could be in for a shocking surprise when they see what they have gotten into.

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Market Cap: 6.60M
Last: 0.158  0.098 (163.33%)
Volume: 9,166,277
Dollar Volume: $1,432,857
Open: 0.10
High: 0.18
Low: 0.10
Trades: 545
Authorized: 100,000,000
Issued and Outstanding: 49,857,368
Float: 17,908,975

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YaFarm Technologies’ agreement to acquire Integrative Stem Cell Institute (“ISCI”), a pioneer in the field of cell-based regenerative medicine, sent shock waves across the OTC markets since trading the over hyped Marijuana Stocks has gotten to be riskier than driving around with an ounce on your passenger seat. But wait a second, what is a web site developer doing acquiring a stem cell treatment and research company?

The report claims that by meshing a world-class medical facility with a state-of-the-art laboratory, the ISCI provides investigational treatments to patients as part of clinical studies, while providing long-term follow up to advance these promising therapies. Who really cares though at this point – show me the money. Ah, here it is: “The acquisition of the ISCI provides the Company with an entry into stem cell research and treatment.” KaBoooooom!

As for YFRM stock itself, it isn’t half bad if you can pick and choose where your data comes from. They file certain data to the SEC but their financials to OTCMarkets since they are listed on the Pink Sheets.

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Four months after Hong Zhao, CFO and Director of YaFarm filed the Form 15 with the SEC to deregister the shares from the OTCBB, the first test trade took place in November with a second one last week to adjust the share price for today’s open. In December, Zhao resigned as President, Secretary, CFO and director which allowed for Brian Hermenze and Cody McDowell, two private investors, to join the Company in the vacated executive positions.

All in all, there isn’t much to go on except for the PR announcement today. As indicated in the Company’s 2011 Q filings, YaFarm Technologies was shell company (as defined in Rule 12b-2 of the Exchange Act) and will remain one until they actually transact to acquire ISCI or some other entity. KerSplaaaaat!

About YFRM Stock

YaFarm Technologies, Inc. is a New Jersey-based web development and web hosting company offering a broad range of business-class website development and web hosting products and services for small and medium-sized businesses. Click here to view the SEC filings for YFRM, here to view the OTCMarkets financial filings.

Last 5 Trading Sessions:

Date Last Change % Change Volume
01/30/13 0.0600 +0.0475 +380.00% 10,000
11/16/12 0.0125 unch unch 180,000

 

Bottom Line: YFRM looks more like a pig of a penny stock than one to bet the farm on. With no assets to show for itself and nothing more than an agreement, holding YFRM stock for more than a few minutes, hours at the max, traders are risking all those hard fought gains to position themselves into another Viking Minerals (VKMD) shocker.

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