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OT you are a credit to your handle "Optimistic". I have been in business long enough to know that any big company would look at SFOR financially and run in the other direction. These conferences take place every day all over the world. But I hope they do well. does not change the fact that the company is insolvent and that shareholders are so far underwater that there is no more light. By the time they get back from CAli they will have probably sold another billion shares, but that makes no difference to you. I remember when you were Long SFOR and the stock was at 1 penny. Now it is at the lowest it can go and you are still long. You are like cornerback in football, have to have a short memory.
I like your optimism but I think you are wrong. they will likely not win the lawsuits, there is no way they can get private funding, they already have $11 million in debt and more importantly they have no assets so nothing to borrow against. And without a deal with a big mobile carrier which again is a 1000 to 1 shot then they will just be one of about 500,000 mobile apps.
company is dead, legally insolvent, and out of business tomorrow if people stop buying the stock.
if Q4 were good they would have already announced it, so that means another speech about it is taking longer, feel good, looking up, etc. etc. 14 straight years of "taking longer"
OT, this is not a sub-penny stock. a sub penny stock trades at 1/2 cent. SFOR is a fraction of a fraction of a sub-penny stock. Massive dilution make this worthless.
REMEMBER everyone, SFOR has $11 million in debt that is paid out first before shareholders get a single PENNY. So to put that into perspective, the stock has to go up 40X to cover debt before any shareholder would see $$ in a buyout. Do you really think anyone would pay 2X much less 40X?
It is the dilution that has killed the common shareholders. the Management knows this but they have no choice, if they want the company to continue they have to keep selling shares until nobody is willing to buy any more.
They seem to be shaking the tree a lot lately. almost 2 billion new shares in the last 2 weeks. Someone should try to rationalize that for all of the people reading this board. It is likely that O/S are now in the 4 billion range, and since they waited until January to unload they don't have to report O/S now until Q2. Feels like gaming the system to me but I am sure it is legal. the shame is 500 MILLION new shares today, almost all sold at .0001 raised about $35,000 (yes that I thousand) dollars. 50% dilution in 2 weeks. NICE
No thanks. I keep the stock as an every day lesson in common sense. I invested 2 1/2 years ago based on a recommendation without even scrubbing it a bit. before I knew it the stock was down 50%, then 70%, then 90% and now 99.97%. It was a good lesson. at the time they were a 11 year old company, never profitable, already done a reverse split and incorporated in Montana of all places. Just a bit of a smell test would have changed my mind but
I would think it I reasonable and prudent to expect that they will be every bit as successful in mobile as they have been in the PC space. So another $30 million in losses and 30 billion shares.
There is a reason this stock is at 1/100th of 1 PENNEY. 14 year old business, more than $32 million in losses, and hooked on just issuing shares to pay bills. sooner or later, probably sooner, nobody but the MM's will buy the shares and when they figure out they cannot make money doing that it has to collapse. even a R/S will not solve that issue. sooner or later a business, a real business, has to figure out how to make money. This one never has.
more than 1.5 billion shares traded since the new year. my take is that mgmt. did not want to show massive dilution in q4, so they just waited a few days and killed q1. nice trick, nice touch.
2 months ago they raised the authorized to 6.5 billion. the formula is complicated but they borrow current funds and for every dollar they have to issue $1.30 in share X3 (collateral shares) for any drop in the price, etc. Based on trading the last few months I would expect that the issued shares now are in the 3.2 - 3.5 billion range and they are going to need another 2.5 billion authorized to keep issuing the collateral shares. It is a vicious circle that is going to lead back to a reverse split and another subsequent drop in the price post split. However, there always seems to be buyers for this stock.
It seems pretty obvious that the State of the Company post today was to try to create a market that can absorb another BILLION shares so the company can raise another $75,000 in cash. The State of the Company listed no specifics, stated no real facts, did not lock down a minimum revenue and P&L for 2014, did not state management specific objectives, etc. etc.
Blue sky, nothing but blue sky...and another 1 BILLION shares of DILUTION.
same old, same old, just a new year
The company has NO MONEY for a buyback. Are you kidding me. They are selling 1 billion shares this month just to pay the bills and salaries.
I think we will see issued shares of around 3.2 - 3.4 billion as of end of December. Likely they will need another 3 billion authorized early this quarter. The current stock price almost guarantees that outcome
Dman lawsuits are not negotiated based on stock prices. doesn't happen and this would not be good for SFOR since they have flooded the market with 3 billion new shares over the last 12 months. Interesting concept but not practical
Dman, the lawsuits have nothing to do with SFOR stock price and therefor nothing to do with it being in the toilet. With the patent suits, either they are right or wrong, they work out a settlement, they win or they lose and remember SfOR is also being sued for violating patents so they have to both attack and defend against formidable companies. the whitesy lawsuit is over a contract dispute which again has nothing to do with stock price and if in fact SFOR prevails the award will be based on the value of the contract not any stock price. The stock price is driven primarily by dilution as the outstanding shares have increased 1,000% in 1 year and lack of performance including a quarter where revenue was $27,000 and SG&A was around $350,000.
anyone waiting for lawsuits is playing a bounce game. any announcements of a settlement will bounce the shares, quick money to be made by those buying at todays prices, and then he shares sink back down to .0001 an wait for the next bounce.
I hope so OT, but I seriously doubt it. And even if they get a settlement so what. they still have no sales and no big partners. the stock bounces a bit and then settles back in. and that assumes they get a settlement which I don't think will happen. Why on earth would any company settle with SFOR? It just makes no sense to me unless the settlement was meaningless in terms of monetary value.
we will see, you seem to have a direct pipeline into the CEO and a lot of confidential information not publicly available so you have an advantage over the rest of us.
I agree with this post. I stay on this Board intermittently because I think that the continuous flow of new shares is a farce. people keep buying worthless shares and if there were not alternative thoughts then all we would hear is what is posted a lot... "it is going to get better, next 4 weeks, just another month, next quarter, lawsuits, settlements, blah blah". In the time it took me to type this they have likely sold another 10 million shares for a grand total of $700 dollars. You cannot buy enough shares as an investor to offset the dilution. 1 year ago they had 300 million shares +/- and that is after a 10 to 1 reverse split and today they have more than 3 billion issued and outstanding. so if you take into account that the company has already reversed split once they have issued more than 30 billion shares in the last decade and today they have a market cap of around $300,000. that is more shares than Google, Facebook, Apple, Microsoft, Cisco, Adobe, Salesforce.com combined. This company should file for bankruptcy, reorganize and take 1 more shot. it does not matter to us as shareholders, our money is already gone and it cannot be recouped. The capital structure and the company debt insure that is the case. Sad.
OT remember when I posted that you can tell a child numerous times not to touch the burner because it is hot...and they cannot help themselves. much the same here with this stock. you get intoxicated with being able to buy 1 million shares for $100. But then you need to remember why. The company has never made money in 14 years, has very low sales and has a 100% track record when they get a good customer that they then lose them. Something is wrong inside the company not outside. The second point to be made is that their technology is being turned down by every major player so winning these little deals with no stated revenue or contract value is just a PR and money raising exercise. And lastly, they have likely dumped another 300-400 million shares this month alone and raised a whopping $30,000 to $40,000 in cash, or enough for 2 weeks.
There is a very good reason why this stock is at .00001, it is trading exactly where it should. the company is insolvent and only being kept alive, sort of, by speculators who think that the stock is cheap.
The stock price is killing the lawsuits as companies will either sit and wait for the company to file BK or they will make lowball offers to a company desperate to survive another week.
bad way to end the year but not unexpected.
This company is headed in the only direction it can go. To ZERO
SFOR - 14 straight years of "next year is going to be a better year". 14 straight years of losses totaling more than $31 million dollars or an average of $200,000 of losses per month, every month, every year. $11 million in preferred debt which takes preference over shareholders which means we will never see our money. 2014 cannot be a worse year, the stock is selling at 2/100ths of 1 PENNEY. They will either file for BK or reverse split but neither really help management. BK will lead to liquidation as they will not get DIP financing since they have no ongoing revenue run rate over expenses and they have nothing to collateralize. Reverse split does not change the operating performance, but on the other hand after reading many of the posters on this board some will think the share price actually went up.
I am not clear on the point of this post. SFOR technology would not solve this issue but so many of these types of posts seem to insinuate that SFOR is the answer. It is not. A company like Samsung would not do business with SFOR. they might offer to buy the technology, but they would not license it. Unfortunately SFOR is visible as a public company so the results and operating history is well known. SFOR is now a 14 year old company. They have lost $31 million, or about $200,000 every single month since they have been in business. It is not getting better it is getting worse as now the shareholders are funding the company on a weekly basis. the % of sub penny stocks that ever make it is less than 1%. The % that are scams is actually quite high. I don't believe that SFOR is a scam, they just have technology that is not mainstream and the big players are saying no. the company is in a hole and is selling shares now at the rate of nearly 1 billion per quarter to just stay alive. It does not take a math degree to figure out that shareholders are getting wiped out. I don't see how they are in business at this time next year given the revenue trend, the deficit spending every month and the share price forcing them to sell 500 - 700 million shares a month to simply pay the bills. .0003 average share price X 70% = .00021 proceeds to SFOR for every share sold. 500 million shares = $105,000 which is about the average monthly cash shortfall. I just don't see how they stay alive. eventually people will stop buying shares and when that happens the company will have to file bankruptcy but I don't see how they get funding in bankruptcy as they don't have cashflow or recievables to borrow against.
TT23. you keep posting the same incorrect message over and over. read the report you just posted. they have $11+ million in Debt (owed to people including the CEO) and $31 million in cumulative losses. before any shareholder ever sees any $$ out of this company all the debt has to be repaid as a preference, then preferred shareholders get paid and then common shareholders. Does anyone really believe that SFOR could ever be worth even the $11 million? if they sold tomorrow for $11 million the debt holders would get paid and the shareholders would bet nothing, which is where we are going to end up anyway. I would rather it happen sooner than later.
Impossible company to sell. No revenue, $31 million in cumulative losses, 3 billion shares and the CEO will not sell unless someone pays him back his$2 million investment. the company is not even worth the $600k market cap. If the CEO could get his money out, which will not happen, my guess he would sell in a heartbeat. There is not a good ending for shareholders of SFOR. the company in addition to the $31 million in cumulative losses has $10 million in debt (including the CEO $2 million) and the debt holders get paid before the shareholders. Does anyone here really think this company is worth $1 million much less $10 million? There will never be any money for shareholders.
The Target breach was an attack on the TArget Network servers, nothing to do with SFOR technology so there is not anything to talk to friends about. everytime there is a cyber attack, the relevance to SFOR products is usually 0%. Might explain why their revenue is close to 0 as well
SFOR software would not have prevented this as it was a network attack. Everyone needs to get real on a "buyout" offer. Company has a $31 million dollar deficit, almost no revenue and a few, very few 3rd tier partners. The company is not worth even the current meager market cap it has. The company is insolvent
Momba they will never buy back shares, it would be a foolish waste of money. they will reverse split the stock, probably at 1,000 to 1 or 10,000 to 1 and start the dance all over again but I would bet by then they will have 4+ billion shares outstanding and another 10 billion authorized but not yet issued. they RS to 40 million shares OS and a price of .01 and the music begins.
OT, got your message and not sure why you did not post it publicly. Everyone should see it. that said, I still think the promotion is BS and the timing....interesting. Each one of us today lost 20% of our stocks value through dilution so buying in to a company that will likely sell another 1 BILLION shares in the next 60 days to keep the lights on which will devalue our shares again by 25-30%. then they will have terrible results for Q4 and everyone on this Board will blame it on all the bad people who are stealing from SFOR. This is a death spiral but we all need to remember, the stock cannot fall anymore, it is at rock bottom so the only thing keeping the company alive is people buying shares because they are so cheap. Sort of like telling your children not to touch the stove because it is hot but they just cannot resist
Momba let me understand this. You talked to Kay and it is a secret what he told you? if he told you then it should be available to all shareholders, or he would not have told you. So give us a recap
OT turns out you were the smart one to sell all your shares last month. I disagree with your comment that this is a smart move. desperate move, no way to message it, no relevance to most of the target users, completely idiotic to release this on the day that they just crushed all common shareholders. this is a crazy company with no chance at all
What a BS announcement. Why don't they announce it for the whole world? everyone on the planet gets 50% off. Loser announcement, loser company, and most sadly as shareholders we are the biggest losers. they sold more than 100 million shares at .0001 and raised a whopping $7,000. Dead company.
there is not much public on the whitesky lawsuit, just one document posted quite a while ago. You keep saying they breached, not clear that is so until a court says it is and again it is a low level contract squabble so not likely to generate any significant $$'s for strikeforce or they could lose and get nothing. You also keep saying that they only need to make up $45k, but that assumes another quarter of $180k in revenue but they have no track record of doing that kind of revenue this year consistently. but if they can get to breakeven they will still have to dilute to even out cashflow but I would imagine it will not be at the rate of 1 billion shares per quarter. I just think the company has so little traction and such a big mountain of debt and losses that they are going to have to bankrupt the company and recap it. that is the only way the management will make any money and I would think that is where they are focused. the cap structure today is not sustainable, i.e. 3 billion shares outstanding and $500,000 in revenue and losses at the rate of $1-$2 million per year. we are all shareholders and we are going to get washed out, actually we all have already been washed out by the dilution
Good post. THe lawsuit will play itself out but the whitesky suit is not about patent so it is marginal in potential payout. the OOB suits are about patents but they are against big companies that will drag this out, then appeal, then drag it out, etc. The odds that SFOR will be alive through that are slim to none. 1 year ago now the company had about 280 million shares outstanding. at the end of this month I would think it will be in the 2.5 billion range. so any shareholder that has been here 1 year has been diluted by 90% while the company has not gained value which is why you can buy 100 million shares for $30k. For whatever reason this company continues to get new people to buy shares which keeps them alive another month. they are technically insolvent so all it takes is 1 month where the lenders cannot sell the shares and then it is over. at the current price that time seems to be approaching and I am not sure having a "good" quarter really makes any difference. on the other hand, it is very unlikely they will report a good quarter. we will see, interesting company to just watch and wonder about
I guess I don't see the destructive part of this but the case will play it out. SFOR seems to have a very big problem keeping partners in the fold, especially big partners. But mgmt. never addresses that, it is always the other side that did not perform, did not grow, did not pay, etc. Something weird about the whole whitesy case as it seems from reading the posted docs a few quarters ago that it is a simple contract case. that is not the type of case that wins much money. This company is where it is at because it cannot keep good paying partners and they always seem to blame it on the partner, yet the industry keeps growing, profits keep flowing and SFOR keeps going down and down and down.
Also a reminder to all you "long and strong" SFOR holders. At today's close they sell 100 million shares for $24,000 dollars. So unless the revenue and cash collections pick up this quarter they will have to sell 800 million more shares to generate enough cash to keep the doors open and lights on. that would be a 40% dilution from the prior quarter alone, which means that the company revenues and profits would have to have improved by 50% over prior quarters for our investment to be the same value.
does anyone believe that will be the case? It is dilution that is driving the price down to .00001 and will keep it there and will keep the lawsuits going for a long time as everyone but SFOR has time on their hands.
I saw the post on the CTO Raj, he seems like the real deal, amazing that the company has retained him for this long.
It is not clear White Sky cost them anything, it looks in court papers that they dropped them. what I also not clear is why? also they had a deal with a big security company called micro trend and they also dropped them.
the total deficit for the company is over $30 million dollars so you are wrong on that point.
THis will be an interesting quarter. will they once again have more press releases than revenue? maybeso
I think the revenue this quarter wii be around $100,000 so they are far away from cash flow breakeven. At today's price they need to sell 2 billion shares to fund this quarter which makes the company worthless. This company is insolvent but tt23 as long as you don't care what the price is and keep buying you can single hand idly keep them alive.
Where do you all think this price is going? 2+ billion shares out it is selling higher than its value which is why these irrelevant "wins" with new customers can't bounce the price. The company is legally insolvent as they cannot stay in business without selling 500 million to 1 billion shares per quarter which of course make the existing shares worth 25-50% less. This company is a mess with no upside. The upside that used to exist was swallowed by all the dilution
YEsterday they dumped 100 million shares. they get 70% of the average price which was 3/100 of 1 PENNY. or $21,000
Tremendous volume means that they company dumped another 100 million shares and raised a whopping $21,000
With SFOR it is always the "next patent" that is going to be the big one. They will never be a factor in mobile. it is too big, moves too fast and is too highly concentrated. APple, Samsung, et all are not going to do business with SFOR so that is a pipe dream. the ONLY value in this company is the OOB patent and even that is highly questionable. But that is where they should focus. the rest is fluff to sell another billion shares a quarter
Here is what I know for sure.
1. SFOR is selling at 3/100ths of 1 PENNY
2. SFOR is insolvent. They cannot stay in business unless they sell new shares every month. if the share sales stop, the company is out of business.
a reverse split is just my opinion, but it is going to be the logical conclusion to a company issuing 1 billion shares of stock per quarter. I think all your "expert details" on the lawsuits is just spectator BS. Lawsuits are a crapshoot, and lawsuits filed by an insolvent company even more so.