Shares of Penny Stock Sefe Inc. (SEFE) Fall in Wednesday’s Trading
Shares of Sefe Inc. (OTC: SEFE), a technology-and solutions-driven company, fell sharply in Wednesday’s trading session.
The penny stock of SEFE ended the day 8.51% lower at $0.860, with volume at 4.16 million. The stock has fallen more than 29% in the last three trading sessions.
SEFE on Wednesday announced that it filed for international protection on its intellectual property covering Strain Reduction on a Balloon System in Extreme Weather Conditions, Atmospheric Energy Collection, and Collection of Atmospheric Ions.
Donald Johnston, CEO of SEFE, said that SEFE’s technology has multiple potential applications and part of the company’s long-term strategy has been to create distribution relationships for its technologies overseas. Johnston said that filing for international protection is a logical first step in protecting the value of the technology in the future as well as today.
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Posted by Terrel Sugar
on Thursday, May 10th, 2012. Filed under Internet, Stocks.
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