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Fair enough...let me know what you see with the shorts. Calling it a night...have a profitable day tomorrow!
So many people around this board have said over the past 5 days that MM's were scrambling for shares... if that was the case, they could have picked up ALL of those from the "proposed orchestrated sellers," but I don't think they did because why would "orchestrated-sellers" drive the pps down to the teens when shares were in so much demand at higher prices? Good luck to all, but my opinion is SFOR was involved with today's action.
I don't think that is what happened, but if anything like that did cause it, justice should take over - just isn't right.
They wasted no time increasing their salaries...people can see that - that is a fact too, because that was in a filing too. I will continue to say, even to those who are not liking SFOR too much, that I do like SFOR and want them to succeed in a great way, but they have a history that repeats itself. I'm not going as far as low trip prices or R/S (because I think SFOR is in better condition for those events to happen). I just trade this thing as best as possible with the FACTS in mind (there is a lot in the filings that people don't look at or maybe with some, they don't understand). Good luck all!
Not going to waste my time on it, because I would have to call Kay, and he likely wouldn't say anything but to watch for it in a filing. You've been around long enough to see this...haven't you?
Unfortunately, I was out of the office today and missed most of the action. I can't say for sure because I haven't checked this whole situation out yet, but SFOR HAS done this before...FACT! I'm sure it will show up in one of their filings what happened and why they did it. I'm going to stick to it that a note holder wanted their money, and SFOR notoriously gave them discounted shares (today they exercised their right to do so). Again, they've done it in the past.
SFOR has done this dip and rip (rip the pants off of common shareholders) over and over before! This looked like their notorious DISCOUNT for an investor(s) that SFOR owes money to. I've seen it before, and it will likely happen again. 40% Discounts (or more) have been common with SFOR. So yes, EVERYONE, this WAS orchestrated!!!!!!!
AGREE, SFOR is in the red. Even those that keep on saying "no toxic debt" don't get it...there is debt PERIOD, and lots of it. It could turn toxic if not dealt with appropriately. Bottom line, they have lots of debt, and it will have to be dealt with sometime.
Well said, and what I am trying to convey...everyone read tthutch's words on dilutive debt. It can still happen folks, and if you think that quick dive the other day to .0015 was a bit scary...that was child's play compared to what SFOR has done in the past (and it could happen again).
ZPAUL, I bet Mark's $2M is not in the form of common shares...otherwise he would have zero due to all the reverse splits. I'll bet he has it in Class B or other/better protected shares (not common shares).
I hear ya...it all sounds great and SFOR does have great things going for itself. But it has some nasty debt to deal with. I am LOOOOONNNNG too, but yet, cautious of SFOR's nasty history mainly with it's DEBT. Good luck!
Good luck too!
You are right, it would be toxic if they used shares. I hope they don't anymore in order to retain shareholder value. They used it heavily over the past couple of years. I am just stating facts to people here, but I am long SFOR, but they do have debt...not everything is peaches and cream with them.
Last time...SFOR currently has no toxic debt. BUT, They have debt, and it is not toxic (currently and hopefully won't become toxic). Read the filings closer. I like where SFOR is going, but it has debt.
It is not toxic debt, but debt owed to investors that is delinquent. It could become "toxic" if SFOR has to issue shares (which it did on a LARGE scale more than once) because they didn't have money. They have more money now since Microsoft, but they seem to be spending a lot too. Revenues have been weak for years...cash burn is high with SFOR. The debt now could turn toxic if they decide to issue shares at a discount to the debt holders...this comes at a cost to the common share holders. I'm hoping they can avoid toxic debt by doing some good deals that don't ding shareholder value. SFOR appears to be a better company now than last year, but they still have debt, but not toxic debt currently.
I should say there is a very good chance we are past reverse splits, however, I am not alone (several who don't chime in publicly that are long timers here) know darn well SFOR uses issuance of shares to pay off debt. That does dilute at the expense of common shareholders. SFOR has done deals similar to issuing shares at a 40% discount over and over and over and over, and then reverse split because the price gets in the trips. People can't seem to get over that there is substantial debt with SFOR (yes it is not toxic) but it could possibly get that way (regardless of what Kay said a couple of months ago). This is not pointed at you Maryland, but Kay has said one thing and done another several times...not calling him a liar, but he has had to do what he has had to do to keep SFOR from going bankrupt. The company is stronger than ever before based on "potential" things happening. Some people are going to bed with millions of shares thinking they are going to be super rich (I've been there too, but we are much closer to zero than a dime). I hope SFOR does well, but they are far from a debt-free company (everyone take a closer look at the filings). It may not be toxic now, and I hope it doesn't become that way, but it could....seen it several times with SFOR. All in my honest opinion over 4 years here...Best of luck!
SFOR has several debts that are delinquent. They aren't "toxic" but could become so, especially if multiple holders want payment at the same time. SFOR spends money left and right, and the amount left over from paying toxic debt, their raises (yes they took raises immediately), etc. from the Microsoft litigation is not going to last long unless they are increasing revenue by great strides. Do I want SFOR to succeed? YES, but go back in the filings...they really do owe a lot of money to various investors/entities. In the past, it has really come out of the common shareholders hide (low PPS, R/S's). I think we are past R/S, but not low PPS. Again, SFOR has substantial debt as of right now, and it has not been dealt with yet.
Yes...4 years. I've been in and out numerous times over the years. When out of SFOR, and not owning shares, I would still watch SFOR. You are correct about the things you listed, and I am not wanting to fight (believe me I have had my share of them on this board in the past - I'm not going to waste my time). Again, I am happy about what you listed! However, you take someone around for years...they have seen the HOD go down A LOT more than it did today, and stay there more than once. Therefore, it is prudent (if you have actually seen it) to be cautious. You listed some positive facts (and I am happy about them), and I have listed a fact that there is still a lot of debt (and it will need to be dealt with), and hopefully it is not dealt with in a manner that dings shareholders like it has in the past. So, that is that...I'm done talking about this...good luck!
Everyone, don't forget that SFOR owes A LOT of money to investors and they are delinquent. Yes, SFOR has more money now from Microsoft, but the investors must be licking their chops at getting repaid. How has SFOR repaid in the past? Issuing shares/dilution. I know a lot of you here are saying Mark said there will be no R/S...I hope that is the case, but SFOR does not have much cash on hand when their expenses are higher than revenue AND then add the debt on to that. I posted this AFTER the bell so my "not-so-great" message wouldn't damper today's down-day any further. I really want to see SFOR shoot to the moon, but I've been around SFOR for several years and it is not out of the woods yet. Exciting? More than ever! But still closer to zero than even a dime. Best of luck!!!
NEWS IS OUT! 3 new lawsuits against large competitors and potentially others...I saw this on Fidelity.
SFOR has A LOT more debt to be paid...it is in the most recent release and they are also in default (yes, it is in there). Revenue has been verrrry disappointing since I've been involved (in and out) with SFOR for over 3 years.
Trying to convey that a stinky pinky with poor share structure and lots of debt is not going to bust out long-term like many feel it will off of a quarterly with dismal revenue...sorry folks, the pps for SFOR should be low based on these things alone.
That is what makes a market (besides the MM's).
That can be true from time-to-time, but the price is where it is at for very good reasons. Sure there might be a pop every now and then, but they rarely last very long and down she goes to trips.
Plus the share structure stinks. Too many available shares and too much debt (still) is the reason people see SFOR well under a penny. It is priced the way it is for those reasons plus other reasons (as you too have stated SFOR has low revenues).
Convertible Notes Payable (Section B) ...looks like in default from last year with attempts to repay ahead. I just don't think cash on hand is going to last long at all. Yes, more cash than most stinky pinkies, but not going to last long due to very little in revenue. IMO.
These folks are EXACTLY what SFOR needs...industry experts and they likely have some strong connections. Very good post...thank you!
Carusso, I've been in and out of SFOR for 3 years now and SFOR is STILL closer to the bottom than anywhere else. Deals have been discussed, then delayed, and then and in some cases, they never happened. I think if anyone was spot-on (or even within 25%) of where SFOR's share price will be by the end of the year, it will be a lucky guess on their part. There is a lot of supposed deals "in-the-works" with SFOR, but history proves not all of them pan out as planned. It will be interesting to see how SFOR uses the remainder of the Microsoft money...they gave themselves raises soon after receiving it. Revenue has consistently been disappointing. However, it still makes the stories behind SFOR interesting, and the company itself interesting to follow. At one time I was over 22 million shares, but I'm mostly keeping cash on the side and keeping it ready to go when necessary. Have a profitable day!
R/S or F/S? Yes, I am saying forward split (don't know for sure though)...why? With sooooooo many shares available and the price in the trips now, a Forward would reduce the shares and reduce the price...only throwing this out there, but what the heck, if people think the share price could go lower, why not Forward and have a low share price anyway with less available shares??? This would be a move the company has never done, but wonder if they are thinking F/S instead of the usual R/S??? Just putting this out there for comment?
Right on...steady and upward a little at a time until something major breaks (and not from some fluff promo either) and then we will see large gains. SFOR is just starting to get interesting as ever with its balance sheet being better than ever before.
Love your position with core and those shares to flip...I've done that too for years with SFOR. Indeed, relentless MM's will take SFOR all over the place. Nice to see some recent (past week) stabilization/nothing too erratic. Disclaimer: I'm going to throw probably the oddest question out there to everyone since I've ever posted on this board in the past 3 years...we all know about SFOR's past reverse splits...think they would do a forward split? I'm sure I'll get varied answers due to those that like and dislike SFOR.
Once the toxic debt is over...SFOR will still have dough in its pockets much more than other Pinks that have three decimals in its share price. Not too scared...how about you all?
It didn't take long for the SFOR boys running the show to give themselves a raise...dough hit the bank, and they've been spending.
I don't think that is all that exciting to see a trade up at .0027 at the EOD because, the bid and ask was a lot lower than that (.0021 and .0022). SFOR has HEAVILY diluted in the past, and the MM's have loved SFOR A LOT over the years (I know because I have been in and out of SFOR over the years many-many times). Congrats to those getting out between 3's and 4's.
Regarding price per share...I've been in and out of SFOR for a long time...mostly out in the past year and a half. I completely disagreed with Scotland and a few others about SFOR, and guess what...I was wrong! I admit it...this is nothing but a winner for those associated directly with SFOR. I did make some money here and there with SFOR, but the fact remains, SFOR has not (in years) had multiple daily runs that sustained. Does that tell people something? So called "great news" and she never sustains multi day runs. Bottom line, this thing is more times than not closer to zero than to two cents. It was amazing after the Microsoft win how fast the guys running the SFOR show voted themselves a raise. CASH BURN all the time it seems...get a few bucks in the pocket and they find a way to blow it while the price per share stays low. As always, there is ALWAYS a reason for the share price of a company, and looking in to SFOR today...it is still "Worth Less" (if you get my drift) than just about anything out there. The Microsoft win could even prop it up. Enough said...good luck!
SFOR better do a better job at litigation with PhoneFactor than they did with WhiteSky...SFOR says they made some dough, but yet, they STILL cannot produce a quarterly report on-time due to financial hardship. Thing is, PhoneFactor is a flea compared to an Eagle (PhoneFactor/Microsoft). PhoneFactor/Microsoft will be more forceful than WhiteSky. Going to have to take many millions to turn the SFOR ship around...there is a good chance PhoneFactor/Microsoft will pay a nuisance amount of money just to stop swatting at the tiny flea that swarms around them every now and then. Don't expect any dough in SFOR's bank account anytime soon from the May 20th discussion.
I'm amazed the same dialog is ongoing with SFOR...there is no doubt about the high risk with SFOR (SFOR even highlights the risk in disclaimers within the recent 10K). Bottom line for anyone, you WILL see volatility with SFOR, and a lot of people have lost money with SFOR...primarily because of the dilution of shares, reverse splits, and dilution again. Same old story here...wash, rinse, and repeat. Business as usual. Oh, on a different note...SFOR settled with WhiteSky. Hmmm...things are so crazy with SFOR - it wouldn't surprise me in the settlement that they have created some kind of "mutual" partnership or new sales channel. Sounds crazy, but lets see! Seems like SFOR is doing about anything to keep the doors open.
Organizations were "expected" to buy SFOR products a long time ago...hmmm - where's the revenue? Expenditures exceed revenue all the time with SFOR - that isn't good value for shareholders!!!
HIP, to add what you said...for all of the people that think this is going to a dollar a share, well, this company is MUCH closer to bankruptcy than a dime a share. What is better folks...a few shares of a company that is worth something, or a bunch of shares that aren't worth hardly anything and keeps getting devalued through dilution? Hmmm!
You ARE spot on Hip! Reiteration...HIGH RISK!!!