Tuesday, May 26, 2015 10:04:01 AM
Some of you speak about SFOR like it just needs some time. They are a 14 year old company that has lost cumulatively $40 million. They have $12 million of preferred debt that would get paid out in any acquisition before shareholders saw 1 penny. No matter how many shares they issue, the 3 execs who I believe are their only employees always own 80% of the voting shares. Their principal job is to sell shares to pay themselves their salaries and expenses. They have almost no revenue despite being in the security software space, arguably the hottest space in the last decade.
It may not be a scam, but it is not a company either. They are legally insolvent and can only survive by selling or pledging 1-2 Billion shares every month.
shareholders will never see a penny in a buyout and there will never be a buyout. If Q1 is an indication of 2015, they will continue to see a 20% revenue reduction quarterly and will do maybe $200,000 in revenue this year and lose about $4 million.
It may not be a scam, but it is probably the closest thing you will ever see to a "legal" scam
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