Monday, July 21, 2014 12:39:31 PM
SFOR is suing because they have a law firm that is doing it on contingency in exchange for a 70% cut of any settlements and because that is the only chance they have to get out of the +$10 million in preferred debt that they have. if the lawsuits fall the wrong way, the company then can only issue shares to stay alive and without the BS around the lawsuits the chances are not good.
It is unreal that the stock is back below 1 penny, just unbelievable. I guess that means the CEO is also not believable as well which is how the shares have dropped so fast.
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