On Friday, I received a flyer in the postal mail telling me the HOT STOCKS ON THE STREET, wherein some unnamed entity has deemed Sniffex, Inc. (SNFX) as the stock to buy in 2006! A full eighth of the four page tome is dedicated to the disclaimer, reproduced here in its stunning glory:
IMPORTANT DISCLAIMER & DISCLOSURE: This paid advertising issue does not purport to provide an analysis of any companies financial position and is not in any way to be construed as an offer to buy or sell and security. We are not investment advisors! This is paid advertisement and Sniffex inc (SNFX) is featured company Annecto Corporation (hereafter annecto) managed the publishing and distribution of this publication, annecto disseminates information via paid advertisements. Although the information contained in this advertisement is believed to be reliable, annecto and its editor make no warranties as to the accuracy of the description of any of the content herein and accept no liability for how readers may choose to utilize it. The information contained herein is being republished from already publicly disseminated information by third parties regarding SNFX and are assumed to be reliable, but annecto accepts no responsibility for the accuracy of such information. Annecto, or any of their assets, principals, officers, directors, partners, agents, or affiliates are not, nor do we represent ourselves to be, registered investment advisors, brokers, or dealers. Readers should independently verify all statements made in this advertisement. Annecto has a total production budget of over $500 000 and annecto is a non-affiliated third party, annecto is using its own money to disseminate this report. Annecto or its Affiliates own shares of SNFA and intend to sell them at a the open market. Be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares. Shares may be sold at any time, even after positive statements have been made regarding the above company. Since we own shares, there is an inherent conflict of interest in our statements and opinions. Readers of this publication are cautioned not to place undue reliance on forward looking statements, which are based on certain assumptions and expectations involving various risks and uncertainties, that could cause results to differ materially from those set forth in the forward looking statements. This is not solicitation to buy or sell stocks. We are not registered investment advisors, this text is for informational purpose only and you should seek professional advice from registered financial advisor before you do anything related with buying or selling stocks, penny stocks are very high risk and you can lose your entire investment. This is not solicitation to buy or sell securities and this newsletter is not a registered investment advisor. Please make special note that Annecto reserves the right to sell any or all of its shares in any company profiled at any time, be that before the date of a profile, during the date of a profile, or at anytime after the date of a profile. Further, specific financial information, filings and disclosures, as well as general investor information about publicly traded companies like SNFX, advice to investors and other investor resources are available at the Securities and Exchange commission web site at www.sec.gov and www.pinksheets.com . Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of the company and verifying thatch the investment is approved within the respective investors state. Investing in securities is highly speculative and carries a great deal of risk. Past performance does not guarantee future results. The information contained herein contains forward-looking information within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including regarding expected continual growth of the featured company. The information contained herein includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Reference is made in particular to the description of SNFX’s plans and objectives for future operations, assumptions underlying such plans and objectives and other forward-looking statements included in the information provided. Such statements, which contain terms such as expect, believe, anticipate, suggest, plan, indicate and similar terms of uncertainty, are based on management’s current expectations and beliefs and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Factors which could cause such results to differ materially from those described in the forward-looking statements include the size and growth of the market for SNFX’s operations, regulatory approvals, the ability to fund its capital requirements in the near term and long term .All statements relating to operational results are hereby qualified in their entirety by the companies filings, including its financial statement filings, under the Securities Exchange Act of 1934.
That, my friends, is 768 words of cobbled-together gibberish (I was going to include [sic] to indicate the grammatical errata, but I gave up quickly. Like a child repeating a mantra under the blankets to protect it from the boogeyman, Annecto seems to have swiped and pasted legalese from a number of sources to create the repetitive cantation to ward off lawsuits.
Not registered financial advisors? You don’t say! Based on the writing and editing skills contained within the forward-looking statements, I’d say that the authors/cobblers lack a diploma, much less whatever paperwork it takes to become a registered financial advisor.
No, Annecto looks more like a pumper and dumper from Yahoo! message boards with a desktop publishing program and a postage budget.
