Tuesday, May 23, 2017 5:15:56 PM
The longer these suits take, the worse it'll turn out for SFOR shareholders regardless of a beneficial settlement or not.
It sucks but it's true.
SFOR doesn't have enough money to last this quarter.
SFOR burns about $500k per quarter for the last 8 quarters.
SFOR had $308k at the end of Q1. That was near 55 days ago. Q2 ends June 30th which is about a month and a week away.
If they aren't offsetting costs with an enormous revenue increase, they'll be out of money during Q2.
I'm not going to debate their cash on hand or their cash burn rate because those numbers are plain to see in their filings.
What we won't know until late July is exactly how much has revenue increased and how much was their cash burn rate for Q2.
I can't imagine that revenues have dramatically increased because that's PR worthy...and nada out of SFOR.
So...
If they win some judgements, SFOR can easily go over $0.10.
If they don't get some cash soon, they'll turn to shareholders once again with dilutive convertible notes or share issuances.
Keep your fingers crossed I guess. This can go really really well for anyone with shares at these prices, or it can turn into a nightmare if they have to resort back to dilutive financing and reverse splits down the road.
I've got my fingers crossed for the upside.
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