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So how bad is this from today's quarterly? "At March 31, 2022, the Company is in default on notes payable and convertible notes payable in the aggregate amount of $2,861,000. We have not made various principal and interest payments on many of our debt obligations. We continue to seek work-out arrangements and applicable refinancing with new or revised debt or equity instruments."
Sooo no 1th q?
Are they going to disappear?
Up 29% at 10:13am... obvious manipulation before the dismal 10Q comes out.
They are 100% wrong!!!!!!
Google - Employee Vested Stock Grant.
The IRS has rules on that.
From an other board they replied like this
True?
It’s not an existing liability for the company if the taxes were paid during fiscal 2021. The income taxes are paid by the employee and the company only temporarily books a liability until they are paid. The sale of ISO shares are reported in box 14 of the W-2 if they are sold within one year. On a cashless exercise they are sold right away. So in that case there would be no tax liability to report at 12/31/21. If options are not sold the employee is issued a Form 3922 (which they get regardless) for ISOs and must report AMT implications in the event they are not sold in the tax
Jail time for this trio crooks
Getting closer!!!!
Strikeforce Tax Liability
?
Under IRS regulations when management receives stock that is vested it is taxable event. The company is also required to issue a W2 and withhold the federal, state and any local tax that is due.
StrikeForce Technologies Inc. reported in a 10K filed 4/14/22 that there were stock awards to management which was recorded as compensation for $3,675,000 and $2,712,000. There is no mention of any W2’s being issued or the company withholding the tax on the compensation to management. The company has a significant amount of tax due and is not disclosing this with the shareholders
Getting in deeper!
Below is the paragraph taken from the StrikeForce Technologies Inc 10K filed on 4/14/22
In February 2021, 12,250,000 unvested options granted in fiscal 2020 were modified and such options became fully vested. Pursuant to current accounting guidelines, we remeasured the fair value of these options and determined their fair value to be $3,675,000 and was recorded as stock compensation expense. We also recorded additional stock compensation expense of $2,712,000 to account for options granted in the prior year that vested. In addition, we also issued 17,208,335 shares of the Company’s common stock upon cashless exercise of 17,500,000 options.
In July 2021, we issued 13,557,693 shares of the Company’s common stock upon cashless exercise of 15,000,000 options. In September 2021, we issued 9,189,627 shares of the Company’s common stock upon cashless exercise of 10,000,000 options. In October 2021, we awarded options to purchase 2,500,000 shares of our common stock to our management team and employees, exercisable at $0.005 per share, expiring ten (10) years from the date of grant and vesting over a six-month period. In December 2021, we awarded options to purchase 65,000,000 shares of our common stock to our management team and employees, exercisable at $0.0375 per share, expiring ten (10) years from the date of grant and vesting over a six-month period
No wonder it's selling off! Geesh, that sucks!
Stay tuned!!!!!
No class action?
What ever happen
Recent 5/10/22 filed 8K management lowered the exercise price on a previous grant of 50,000,000 options @$.05 to an exercise price of $.02. These options were issued to The Special Equities Opportunity Fund LLC and Gregory Castaldo for helping the company raise $5,000,000. The options granted were registered in a S-1 filed on 12/13/21. In addition to dropping the exercise price the company also issued an additional 50,000,000 options @$.05 with an anti-dilution clause to The Special Equities Opportunity Fund LLC and Gregory Castaldo. This caused the company’s shareholders further dilution while protecting the recipients of the new grant with an anti-dilution provision. The company is receiving $1,000,000 for the exercise of the registered options, and the recipient is making the profit in excess of the $.02 per share being sold. The volume in the StrikeForce stock has been high and in the market of penny stocks it would make sense that those shares are being sold in the market to fund the $1,000,000 exercise price and the profit on all shares sold over $.02 would go to the parties who exercised the options. This transaction should have been a registered offering by the company to raise money and not disguised as a simple exercise of options.
The big announcement June 14 is to pump the stock price so The Special Equities Opportunity Fund LLC and Gregory Castaldo can get their payday.
Will have to see it first. Still not showing up!
How late can you file with the SEC?
The EDGAR system hours of operation for submitting files are 6:00am to 10:00pm Eastern Time, weekdays, excluding Federal Holidays. EDGAR filings must occur by 5:30pm ET (when the SEC officially ends its business day) to receive the same-day filing date.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001285543&owner=include&count=40&hidefilings=0
How could it possibly be any worse than the annual report was?
I think they have until the end of the day Monday, but am no expert on such matters.
It will crash no matter what!
It will be ugly!
Does this crash Monday if no 10q today or Monday AM?
Seeing as they are waiting for after hours to release the 10Q, looking at it as very ugly.
It will be late as usual.
Check out more lies from Kay!
StrikeForce Technologies, Inc. (the “Company”) has been unable to complete its Form 10-Q for the quarter ended March 31, 2022, within the prescribed time because of delays in completing the preparation of its financial statements and its management discussion and analysis. Such delays are primarily due to management’s dedication of such management's time to business matters. This has taken a significant amount of management's time away from the preparation of the Form 10-Q and delayed the preparation of the unaudited financial statements for the quarter ended March 31, 2022.
https://www.otcmarkets.com/filing/html?id=15819787&guid=wvKwkeMlG32jdth
Can't wait to see the 10-Q for this first quarter!
Waiting for them to message that it will be late. Think it already is.
Is this a joke?
They have nothing!!!!
StrikeForce Tech
@StrikeForceTech
·
May 16
StrikeForce will be making a Major News Announcement on June 14th, 2022. We will be hosting a live stream, stay tuned for details.
Just the share holders lost!
In that case, maybe they didn’t really lose $17 Million dollars??
All the time & All the time kay lies.
The shares and options management took for themselves cost the company over $6,000,000 in compensation expense. They are enriching themselves at the shareholders expense and continue to hurt the shareholders. This can’t be legal to continuously enrich themselves and leave the shareholders with worthless shares. I wonder if management ever paid tax on the $6,000,000 they took from the company.
I think anyone who says this company has a future has not read the 10K or is being paid by management. Read the 10K and you will see how the management team continues to abuse the shareholders.
Prior to the last reverse split Mark said there will be no more reverse splits and management reversed the stock again. Anyone who bought shares prior to the last split has no hope to recover money
Also in the filings Mark, George and Ram each own 1 preferred series A share which give them 80% control of all Strikeforce voting, so when they tell the shareholders 80% of the common stock voted for a reverse split it was them again misleading the shareholders
Can one say insider enrichment?
Look at page 36 of the recent filed 10K under stock option plan. Parg. #3 in Dec.2020 management took 57,000,000 shares and Parg.#5 in Dec. 2021 management took 65,000,000 shares. From Dec.2020 to Dec.2021 management took 122,000,000 shares. So everyone got diluted with the reverse splits and management just issued themselves new shares so not to be hurt like all the shareholders.
And hope it’s not a stick in the eye...
StrikeForce will be making a Major News Announcement on June 14th, 2022. We will be hosting a live stream, stay tuned for details. pic.twitter.com/Kh0A61zn1T
— Zerify (@ZerifyOfficial) May 16, 2022
"Oh, but SFOR is so rock solid, such a great investment!"
Whoaaa Cowboy, who said anything about SFOR being such a great Investment? I merey posted a news release. Maybe you should contact Forrester and state your case. And while your at it contact Aite-Novarica also. They evaluated Safe V Chat not me. (Before you pop a gasket fella.)
Re: “ The recent new warrants to raise $1M had nothing to do with it? Showing they still don't have revenues and need money.”
That would seem to be the subtext, unfortunately...
But it’s also true the market is almost as bad as 2008 about now...
It was down 17% yesterday at that time, and another 21% today, because they announced a sweet deal for “their ‘special’ investors”, to exercise 50 MILLION warrants at .02.
(And they will dilute another 50 MILLION some other time in coming years at .05, if I read the 8-K right.)
Trips coming after the 10-Q comes out... when it comes out, late as usual.
Oh, but SFOR is so rock solid, such a great investment! You think the market has an effect on a POS like this? The recent new warrants to raise $1M had nothing to do with it? Showing they still don't have revenues and need money. Come On!!!
"why is SFOR down 17% at 12:20pm?"
Hmmm let me see, maybe because the entire Stock Market is in the Crapper?
More cash? It would mean higher salaries!
Have you ever worked in IT? I can tell you in my many, many years, Gartner is the source the IT industry pays attention to. I never had a vendor sales rep, say from Cisco tell me "And, we are in Forrester's Research!" And if this is such great news, why is SFOR down 17% at 12:20pm?
Will Do! In the mean time...
About Forrester
Forrester Research is one of the most influential research and advisory firms in the world. We work with business and technology leaders to develop customer-obsessed strategies that drive growth. Forrester's unique insights are grounded in annual surveys of more than 675,000 consumers and business leaders worldwide, rigorous and objective methodologies, and the shared wisdom of our most innovative clients. Through proprietary research, data, custom consulting, exclusive executive peer groups, and events, the Forrester experience is about a singular and powerful purpose: to challenge the thinking of our clients to help them lead change in their organizations. For more information, visit forrester.com.
Or maybe when Mark has enough confidence in the cash flow to stop diluting in order to shore up the payroll account.
It never stops.
Let us know when they make Gartner's Magic Quardrant.
May 10, 2022
Forrester Research Report Adds StrikeForce's SafeVchat to List of 25 Secure Communications Providers
SafeVchat is the "only" video conferencing vendor that made it into their report
You know it will be late. They have never filed on time. IF... IF they ever showed a profit, maybe then they would file on time. But we know profits will never happen thus a filing will never be on time.
Have a good weekend!
Due the 16th but betting on a late filing.
StrikeForce Technologies
This information found below is from different Mods. It can not be removed without their permission. Any additions must go below the last entry.
WARNING: PLEASE USE THE SYMBOL SFOR OR COMPANY NAME WHEN POSTING-USE OF ABBREVIATIONS SUCH AS "SF" WILL BE DELETED!
This board is to be used to discuss SFOR(D) the company, its officers and its stock. Messages about other posters or intentions, the mods, name calling, profanity, deletions etc. are off topic at the very least.
To answer some of your questions regarding posts, please read the following, that you should have known already, taken from the Ihub FAQ section of the Ihub handbook. So you can stop with the moronic conspiracy theories about the Mods and Admins on this board!
Regarding libel and slander suspected posts:
"Libel can only become a fact if a judge says it is. Nobody else, including Moderators or Site Admins, can nor will determine that Member posted content is libelous. Members are often of the opinion that a post is libelous, but no Moderator should act based on that opinion. Libel is decided by a judge in a court of law after conducting proper evidentiary hearings. If such a judgment is issued by a court of competent jurisdiction, iHub will abide by that ruling. Otherwise, it is not a matter that Site Admin or Mods can decide. Our only role here is to ensure adherence to the Terms of Use. Anecdotally, quite often the information that some Members allege to be libelous ends up being accurate, which is why neither Site Admins nor Moderators remove posts on the basis of being allegedly false or libelous."
Regarding posting lies (or what some posters feel are lies):
"Mods or Admin do not make decisions about the veracity of information posted. "Truth" is a very subjective term and neither Site Admin nor Mods remove posts based on judgments of this type. Each reader has both the right and obligation to decide for themselves if they feel a post is accurate and its author credible. As a participant on the board, the Moderators' recourse is the same as any other Member; to debate the information contained in the post without attacking the Member, or to ignore it. Attack the message, not the messenger."
Regarding a good DD post with a personal attack lumped in:
If a post is 99% on topic and 1% personal attack it still needs to be removed. Personal attacks in any form are disrespectful of others and are unwelcome on the site. These types of gratuitous comments also create noise and dilute the quality of the board. When a Member attacks another poster, other participants inevitably feel the need to respond, either agreeing or defending. Then others feel the need to respond to these…and so on and so on ad nauseam. Pretty soon the board has devolved into personal attacks and discussion about other Members, i.e., noise and no signal. There are plenty of other sites that allow these types of posts and it is difficult to find any meaningful content on such sites. The goal at iHub is to have all information, whether positive, neutral or negative, discussed in a civil manner, free of personal attacks.
Regarding proof of member post content:
Members do not have to provide "proof" when offering their opinions. There is no requirement for Members to substantiate their posts. Veracity of posts and credibility of the author is determined by the reader.
http://www.strikeforcetech.com/index.aspx
SFOR Security Details Outstanding Shares confirmed unchanged as of 8/19/2016
|
Market Value1 | $9,497,134 | a/o Aug 19, 2016 | |
Authorized Shares | 5,000,000,000 | a/o May 16, 2016 | |
Outstanding Shares | 2,282,964,907 | a/o May 16, 2016 | |
-Restricted | Not Available | ||
-Unrestricted | Not Available | ||
Held at DTC | Not Available | ||
Float | 2,282,934,907 | a/o May 16, 2016 |
Leadership Team:
http://www.guardedid.com/about_leadership.aspx
Advisory Board:
http://www.guardedid.com/about_advisory.aspx
StrikeForce Technologies' IR Contact
Mark L. Kay
CEO
(732) 661-9641
marklkay@strikeforcetech.com
NOW SOLD IN TARGET
http://www.target.com/p/mobile-trust-keystroke-encryption-software-2-mobile-devices/-/A-50575250#prodSlot=medium_1_1&term=mobiletrust
http://www.target.com/p/guarded-id-21-keystroke-encryption-software-2-pcs/-/A-50568581#prodSlot=medium_1_1&term=guarded+id
http://anti-keylogger-software-review.toptenreviews.com/?full_site=true
StrikeForce Technologies is a leading provider that Specializes in Identity Theft Online solutions for consumers, industry and government. By leveraging StrikeForce's breakthrough technologies, consumers and organizations can finally secure their electronic assets while protecting their employees, business partners, suppliers and customers from malicious hacking and theft.
StrikeForce's revolutionary technologies are represented by a proprietary software product suite that guards both businesses and consumers from keylogging, phishing, malware, spyware and other identity attacks and scams.
For more on StrikeForce Technologies, see our corporate web site.
RECENT CYBER BREACHES ALL POSITIVE FOR SFOR (Thanks TradeSlinger)
The threat from cybercrime? 'You ain't seen nothing yet"
http://www.cnbc.com/id/100959481
August 29,2013
Telecoms companies now subject to new personal data breach notification rules
http://www.out-law.com/en/articles/2013/august/telecoms-companies-now-subject-to-new-personal-data-breach-notification-rules/
August 28, 2013
Phishing email grants hackers access to DNS records of major websites
http://www.scmagazine.com//phishing-email-grants-hackers-access-to-dns-records-of-major-websites/article/309274/#
August 2013 CyberBreaches...
Infosec 2013: Cost of cyber breaches rises three-fold, research shows
http://www.computerweekly.com/news/2240182218/Infosec-2013-Cost-of-cyber-breaches-rises-three-fold-research-shows
C/Net News:League of Legends is hacked,
http://news.cnet.com/8301-1009_3-57599450-83/league-of-legends-is-hacked-with-crucial-user-info-accessed/
http://news.cnet.com/8301-1009_3-57599646-83/cybercrooks-use-ddos-attacks-to-mask-theft-of-banks-millions/
http://news.cnet.com/8301-1009_3-57600336-83/syrian-electronic-army-implicated-in-twitter-new-york-times-attacks/
http://news.cnet.com/8301-1009_3-57598603-83/google-confirms-android-flaw-that-led-to-bitcoin-theft/
Nasdaq outage resembles hacker attacks
http://www.usatoday.com/story/cybertruth/2013/08/22/nasdaq-outage-aligns-with--denial-of-service-attacks/2687323/
August 2013 global threats
http://www.scmagazine.com//august-2013-global-threats/slideshow/1502/#0
LivingSocial
http://www.scmagazine.com/top-five-data-breaches-in-2013so-far/slideshow/1387/
Daily-deal website LivingSocial confirmed that its computer systems were hacked, resulting in “unauthorized access.”
The company updated its password encryption method after the breach impacted more than 50 million users. Names, email addresses, dates of birth, and salted passwords were stolen.
1-15 June 2013 Cyber Attacks Timeline
http://hackmageddon.com/2013/07/01/1-15-june-2013-cyber-attacks-timeline/
http://www.strikeforcetech.com |
IDGenie Mobile Security
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OTCQB (as if that means anything)
SFOR now on OTCQB Benefits of uplisting to OTCQB per OTCMarkets website as follows:
"The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
Key elements and benefits of uplisting to the OTCQB include:
?Companies must remain current and compliant in their reporting to the SEC
?Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
?Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
?Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
?Greater information availability for investors through the OTC Disclosure & News Service
?Transparent prices for investors through full-depth of book with Real Time Level 2 quotes"
NEXT QUARTER
500 to 1 Reverse Split Coming, end of April, 2020
https://www.otcmarkets.com/filing/html?id=14077781&guid=v5zHUFJLzJ56Ayh
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