Betting on the Underdogs..
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SFOR-THE BIG FLUSH!! lol, The fraud is outta the bag.. Conman Kay gave away the only thing he has, a lousy patent that has never yielded income.
SFOR-Just ONE of the TOXIC Lenders:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11150268
Great job "CEO" Conman Kay!!!!!
Uh-Yea they do: http://ih.advfn.com/p.php?pid=nmona&article=71548059
Too funy, this POS can't get out of it's own way.. The adj value of these toxic shares is approx. .0006 after ALL OF THE REVERSE SPLITS..
SFOR-Gotta hand it to Conman Kay, he went "all in", literally betting the Company and the Patents on a glimmer of a chance that he might be able to pay himself another $225,000 this year by filing lawsuits that have no merit HOPING that the deep pockets will settle. Mark Kay the SCUMBAG CEO..
SFOR-Conman Kay Dilution and TOXIC DEBT is has always been the motive.
SFOR-Repeated redundant promotions KILLED this stock.. Good job. The stock is not up...
$SFOR-TOXIC DEBT AND DILUTION OFF THE CHARTS. This Company's CONMAN is scalping, and it is has been PROVEN..
$SFOR-What Company use it's only moneymaker AS COLLATERAL for TOXIC DEBT. Conman Mark Kay does. No wonder this POS is headed back to triple zeros, no bid then REVERSE SPLIT.. Unreal..
At March 31, 2016, $542,588 in aggregate principal amount of the DART/Citco Global debentures was issued and outstanding and are secured through the note holder's claim on the Company's intellectual property. The secured convertible debentures are past maturity. Due to the adjustable conversion price feature of the secured convertible debentures, our obligation to issue shares upon conversion of the secured convertible debentures owed to DART is potentially limitless. DART did not process any conversions in fiscal 2016 or 2015, and the Company has been in contact with the note holder who has indicated that it has no present intention of exercising its right to convert the debentures into shares of the Company's common stock. In connection with the secured convertible debentures with DART/Citco Global, we granted DART/Citco Global a secured interest in all of our assets. Under the terms of the secured debentures, we are restricted in our ability to issue additional securities as long as any portion of the principal or interest on the secured debentures remains outstanding. During 2016 or 2015, we did not obtain DART/Citco Global's written consent related to any of our financing agreements.
(b)
Convertible notes payable consisted of fourteen unsecured convertible notes ranging in interest rates of 0% per annum to 18% per annum. The notes are convertible at a fixed amount into 14 shares of the Company's common stock, at fixed per share amounts ranging from $1,950,000 to $9,750,000,000 per share, as defined in the agreements. The notes were due in various dates through 2015 and are all currently in default. The Company is currently pursuing settlements with certain of the holders.
At December 31, 2015, the balance of the accrued interest on the unsecured convertible notes with fixed conversion features was $932,272. During the interim period ended March 31, 2016, interest expense of $20,082 was recorded, and at March 31, 2016, the balance of accrued interest on unsecured convertible notes with fixed conversion features was $954,352.
(c)
The Notes are convertible into shares of Common Stock of the Company at the option of the holder commencing on various dates following the issuance date of the Notes and ending on the later of the maturity date or date of full payment of principal and interest. The principal amount of the note along with, at the holder's option, any unpaid interest and penalties, is convertible at a price per share discount of 40% of the Company's Common Stock trading market price during a certain time period, as defined in the agreement. In addition, the conversion price is subject to adjustment in certain events, such as in conjunction with any sale, conveyance or disposition of all or substantially all of the Company's assets or consummation of a transaction or series of related transactions in which the Company is not the surviving entity. The Company considered the current FASB guidance of "Contracts in Entity's Own Stock" and determined that the conversion prices of the Notes were not a fixed amount because they were subject to an adjustment based on the occurrence of future offerings or events and accounted for as derivative liability upon issuance in prior periods (see Note 7).
At December 31, 2015, the balance of the unsecured convertible notes with adjustable conversion features was $824,861. During the interim period ended March 31, 2016, the Company repaid a total of $613,351 of unsecured convertible notes principal. In addition, note holders converted an aggregate of $143,123 of unsecured convertible note principal. At March 31, 2016, the balance of unsecured convertible notes with adjustable conversion features was $68,387 and pertains to one unsecured convertible note which was repaid in April 2016.
SFOR-OTC FRAUD: Bet the Conman "CEO" doesn't tell anybody this: Stock Compensation
The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for stock option and warrant grants issued and vesting to employees based on the authoritative guidance provided by the Financial Accounting Standards Board (FASB) whereas the value of the award is measured on the date of grant and recognized as compensation expense on the straight-line basis over the vesting period. The Company accounts for stock option and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance of the FASB whereas the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) at the date at which the necessary performance to earn the equity instruments is complete. Options granted to non-employees are revalued each reporting period to determine the amount to be recorded as an expense in the respective period. As the options vest, they are valued on each vesting date and an adjustment is recorded for the difference between the value already recorded and the then current value on the date of vesting. In certain circumstances where there are no future performance requirements by the non-employee, option grants are immediately vested and the total stock-based compensation charge is recorded in the period of the measurement date.
The fair value of the Company's stock option and warrant grants are estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or warrants, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model, and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods.
http://www.otcmarkets.com/stock/SFOR/filings
Soo..SFOR is finally catching up with the widely used tech.. Not news, just a joke of a Company..
SFOR SCAM: Reverse Stock Splits
In March 2014, the Company effected a 1:1,500 reverse stock split of the Company's issued and outstanding shares of common stock.
In January 2015, the Company effected a 1:650 reverse stock split of the Company's issued and outstanding shares of common stock.
In July 2015, the Company effected a 1:1,000 reverse stock split of the Company's issued and outstanding shares of common stock.
Share numbers, share prices, and exercise prices have been adjusted, on a retroactive basis, to reflect the reverse stock splits adopted by the Company as if the reverses had occurred at the beginning of the earliest period presented.
http://www.otcmarkets.com/stock/SFOR/filings
GLRI-FINALLY looking OK here. Been a long time, but Glori Energy, Inc. seems to be gaining traction. Financials are crappy, but that was to be expected.
Sounds good. GLTY
Chasing it down to sell. correct. Pump and dump begins.. Paid promotion..
Big deal. That will be their only "win". It wasn't a win, just a drag on the court system. You don't poke a bag of snakes without getting bit. OK my cliche festival is over.. LOL GLTA
They, MSFT, just threw some pocket lint at Conman Kay, and had it dismissed with prejudice. In other wors, they said "go away kid, you are bothering us. Now SFOR has a scarlet letter as a puny wannabe that needs to be crushed. SFOR messed with the Wrong Company and WILL pay for it in the long run. The REALLY BAD THING is that Conman Kay did not pay down any debt, or get his "Patents" outta hock. He has a revolving line of credit called SFOR. IMO. Have a great day all!!
Yes, and they develop IN HOUSE with much better protection. Think about it, as a CEO of a large Company, would I trust a Company with 1 overpaid Owner of a broke tech outfit that runs outta a PO Box that sues everyone for a hope of settlements? That does not work..
OK look, StrikeForce Technologies, Inc. has outdated tech. They come out with a product, then sue everyone, then they don't have time to keep up with the market. It is a terrible business model, and the glimmer of hope that deep pockets will provide a payday is lecherous to say the least. Mark Kay is a Charleton, Confidence Man, a real Snake oil salesman..
Someone needs to put a tent over this circus... lol
SFOR-Good luck on this POS. Always been a pop and drop with no substance..
SFOR-OTC FRAUD: Bet the Conman "CEO" doesn't tell anybody this: Stock Compensation
The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for stock option and warrant grants issued and vesting to employees based on the authoritative guidance provided by the Financial Accounting Standards Board (FASB) whereas the value of the award is measured on the date of grant and recognized as compensation expense on the straight-line basis over the vesting period. The Company accounts for stock option and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance of the FASB whereas the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) at the date at which the necessary performance to earn the equity instruments is complete. Options granted to non-employees are revalued each reporting period to determine the amount to be recorded as an expense in the respective period. As the options vest, they are valued on each vesting date and an adjustment is recorded for the difference between the value already recorded and the then current value on the date of vesting. In certain circumstances where there are no future performance requirements by the non-employee, option grants are immediately vested and the total stock-based compensation charge is recorded in the period of the measurement date.
The fair value of the Company's stock option and warrant grants are estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or warrants, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model, and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods.
http://www.otcmarkets.com/stock/SFOR/filings
SFOR-"Pro Hac" is correct. This is for ATTORNEYS to get their cut of NOTHING. SFOR-Conman Kay WILL lose the Patent before and monies are paid out. Ask the Conman Fraud what kind of car he drives, and that will show where past judgments went..
Northern Cali, and Southern Oregon NEED to secede into the state of Jefferson like they planned many moons ago.. Have a great day..
PHOT-NOT GOOD: http://www.cnn.com/2016/08/11/health/dea-fails-to-loosen-restrictions-on-medical-marijuana/index.html?utm_source=dlvr.it&utm_medium=twitter
Dam Feds living in the past. They still have black and white TV's..
$SFOR-What Company use it's only moneymaker AS COLLATERAL for TOXIC DEBT. Conman Mark Kay does. No wonder this POS is headed back to triple zeros, no bid then REVERSE SPLIT.. Unreal..
At March 31, 2016, $542,588 in aggregate principal amount of the DART/Citco Global debentures was issued and outstanding and are secured through the note holder's claim on the Company's intellectual property. The secured convertible debentures are past maturity. Due to the adjustable conversion price feature of the secured convertible debentures, our obligation to issue shares upon conversion of the secured convertible debentures owed to DART is potentially limitless. DART did not process any conversions in fiscal 2016 or 2015, and the Company has been in contact with the note holder who has indicated that it has no present intention of exercising its right to convert the debentures into shares of the Company's common stock. In connection with the secured convertible debentures with DART/Citco Global, we granted DART/Citco Global a secured interest in all of our assets. Under the terms of the secured debentures, we are restricted in our ability to issue additional securities as long as any portion of the principal or interest on the secured debentures remains outstanding. During 2016 or 2015, we did not obtain DART/Citco Global's written consent related to any of our financing agreements.
(b)
Convertible notes payable consisted of fourteen unsecured convertible notes ranging in interest rates of 0% per annum to 18% per annum. The notes are convertible at a fixed amount into 14 shares of the Company's common stock, at fixed per share amounts ranging from $1,950,000 to $9,750,000,000 per share, as defined in the agreements. The notes were due in various dates through 2015 and are all currently in default. The Company is currently pursuing settlements with certain of the holders.
At December 31, 2015, the balance of the accrued interest on the unsecured convertible notes with fixed conversion features was $932,272. During the interim period ended March 31, 2016, interest expense of $20,082 was recorded, and at March 31, 2016, the balance of accrued interest on unsecured convertible notes with fixed conversion features was $954,352.
(c)
The Notes are convertible into shares of Common Stock of the Company at the option of the holder commencing on various dates following the issuance date of the Notes and ending on the later of the maturity date or date of full payment of principal and interest. The principal amount of the note along with, at the holder's option, any unpaid interest and penalties, is convertible at a price per share discount of 40% of the Company's Common Stock trading market price during a certain time period, as defined in the agreement. In addition, the conversion price is subject to adjustment in certain events, such as in conjunction with any sale, conveyance or disposition of all or substantially all of the Company's assets or consummation of a transaction or series of related transactions in which the Company is not the surviving entity. The Company considered the current FASB guidance of "Contracts in Entity's Own Stock" and determined that the conversion prices of the Notes were not a fixed amount because they were subject to an adjustment based on the occurrence of future offerings or events and accounted for as derivative liability upon issuance in prior periods (see Note 7).
At December 31, 2015, the balance of the unsecured convertible notes with adjustable conversion features was $824,861. During the interim period ended March 31, 2016, the Company repaid a total of $613,351 of unsecured convertible notes principal. In addition, note holders converted an aggregate of $143,123 of unsecured convertible note principal. At March 31, 2016, the balance of unsecured convertible notes with adjustable conversion features was $68,387 and pertains to one unsecured convertible note which was repaid in April 2016.
SFOR-Conman Kay Dilution and TOXIC DEBT is has always been the motive.
SFOR SCAM: Reverse Stock Splits
In March 2014, the Company effected a 1:1,500 reverse stock split of the Company's issued and outstanding shares of common stock.
In January 2015, the Company effected a 1:650 reverse stock split of the Company's issued and outstanding shares of common stock.
In July 2015, the Company effected a 1:1,000 reverse stock split of the Company's issued and outstanding shares of common stock.
Share numbers, share prices, and exercise prices have been adjusted, on a retroactive basis, to reflect the reverse stock splits adopted by the Company as if the reverses had occurred at the beginning of the earliest period presented.
http://www.otcmarkets.com/stock/SFOR/filings
I saw that--AWESOME!!
SFOR-Repeated redundant promotions KILLED this stock.. Good job. The stock is not up...
$PHOT is ROCKIN!!! Whooo Hoooo
SFOR-DONE. The scam is evident.. Good job Conman CEO Kay.. Another 3 months pay. REVERSE SPLIT IS NEXT..
SFOR-T/A has always been gagged.. No info available..
SFOR-Conman Kay Dilution and TOXIC DEBT is has always been the motive.
$SFOR-TOXIC DEBT AND DILUTION OFF THE CHARTS. This Company's CONMAN is scalping, and it is has been PROVEN..
PHOT-Looking good here!!
SFOR-CRASHDOWN..Trip ZEROS on deck!!!
$SFOR-What Company use it's only moneymaker AS COLLATERAL for TOXIC DEBT. Conman Mark Kay does. No wonder this POS is headed back to triple zeros, no bid then REVERSE SPLIT.. Unreal..
At March 31, 2016, $542,588 in aggregate principal amount of the DART/Citco Global debentures was issued and outstanding and are secured through the note holder's claim on the Company's intellectual property. The secured convertible debentures are past maturity. Due to the adjustable conversion price feature of the secured convertible debentures, our obligation to issue shares upon conversion of the secured convertible debentures owed to DART is potentially limitless. DART did not process any conversions in fiscal 2016 or 2015, and the Company has been in contact with the note holder who has indicated that it has no present intention of exercising its right to convert the debentures into shares of the Company's common stock. In connection with the secured convertible debentures with DART/Citco Global, we granted DART/Citco Global a secured interest in all of our assets. Under the terms of the secured debentures, we are restricted in our ability to issue additional securities as long as any portion of the principal or interest on the secured debentures remains outstanding. During 2016 or 2015, we did not obtain DART/Citco Global's written consent related to any of our financing agreements.
(b)
Convertible notes payable consisted of fourteen unsecured convertible notes ranging in interest rates of 0% per annum to 18% per annum. The notes are convertible at a fixed amount into 14 shares of the Company's common stock, at fixed per share amounts ranging from $1,950,000 to $9,750,000,000 per share, as defined in the agreements. The notes were due in various dates through 2015 and are all currently in default. The Company is currently pursuing settlements with certain of the holders.
At December 31, 2015, the balance of the accrued interest on the unsecured convertible notes with fixed conversion features was $932,272. During the interim period ended March 31, 2016, interest expense of $20,082 was recorded, and at March 31, 2016, the balance of accrued interest on unsecured convertible notes with fixed conversion features was $954,352.
(c)
The Notes are convertible into shares of Common Stock of the Company at the option of the holder commencing on various dates following the issuance date of the Notes and ending on the later of the maturity date or date of full payment of principal and interest. The principal amount of the note along with, at the holder's option, any unpaid interest and penalties, is convertible at a price per share discount of 40% of the Company's Common Stock trading market price during a certain time period, as defined in the agreement. In addition, the conversion price is subject to adjustment in certain events, such as in conjunction with any sale, conveyance or disposition of all or substantially all of the Company's assets or consummation of a transaction or series of related transactions in which the Company is not the surviving entity. The Company considered the current FASB guidance of "Contracts in Entity's Own Stock" and determined that the conversion prices of the Notes were not a fixed amount because they were subject to an adjustment based on the occurrence of future offerings or events and accounted for as derivative liability upon issuance in prior periods (see Note 7).
At December 31, 2015, the balance of the unsecured convertible notes with adjustable conversion features was $824,861. During the interim period ended March 31, 2016, the Company repaid a total of $613,351 of unsecured convertible notes principal. In addition, note holders converted an aggregate of $143,123 of unsecured convertible note principal. At March 31, 2016, the balance of unsecured convertible notes with adjustable conversion features was $68,387 and pertains to one unsecured convertible note which was repaid in April 2016.
SFOR-Gotta hand it to Conman Kay, he went "all in", literally betting the Company and the Patents on a glimmer of a chance that he might be able to pay himself another $225,000 this year by filing lawsuits that have no merit HOPING that the deep pockets will settle. Mark Kay the SCUMBAG CEO..
SFOR-OTC FRAUD: Bet the "CEO" doesn't tell anybody this: Stock Compensation
The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for stock option and warrant grants issued and vesting to employees based on the authoritative guidance provided by the Financial Accounting Standards Board (FASB) whereas the value of the award is measured on the date of grant and recognized as compensation expense on the straight-line basis over the vesting period. The Company accounts for stock option and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance of the FASB whereas the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) at the date at which the necessary performance to earn the equity instruments is complete. Options granted to non-employees are revalued each reporting period to determine the amount to be recorded as an expense in the respective period. As the options vest, they are valued on each vesting date and an adjustment is recorded for the difference between the value already recorded and the then current value on the date of vesting. In certain circumstances where there are no future performance requirements by the non-employee, option grants are immediately vested and the total stock-based compensation charge is recorded in the period of the measurement date.
The fair value of the Company's stock option and warrant grants are estimated using the Black-Scholes-Merton Option Pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or warrants, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton Option Pricing model, and based on actual experience. The assumptions used in the Black-Scholes-Merton Option Pricing model could materially affect compensation expense recorded in future periods.
http://www.otcmarkets.com/stock/SFOR/filings
SFOR-THE BIG FLUSH!! lol, The fraud is outta the bag.. Conman Kay gave away the only thing he has, a lousy patent that has never yielded income.
SFOR-Just ONE of the TOXIC Lenders:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11150268
Great job "CEO" Conman Kay!!!!!
NO TOXIC DEBT?? Conman Kay GAVE AWAY THE PATENTS!! Talk about a deal with the devil. If this jerk cured cancer, the stock would still be a half penny stock:
Note 3 – Convertible Notes Payable:
a)
At March 31, 2016, $542,588 in aggregate principal amount of the DART/Citco Global debentures was issued and outstanding and are secured through the note holder's claim on the Company's intellectual property. The secured convertible debentures are past maturity. Due to the adjustable conversion price feature of the secured convertible debentures, our obligation to issue shares upon conversion of the secured convertible debentures owed to DART is potentially limitless. DART did not process any conversions in fiscal 2016 or 2015, and the Company has been in contact with the note holder who has indicated that it has no present intention of exercising its right to convert the debentures into shares of the Company's common stock. In connection with the secured convertible debentures with DART/Citco Global, we granted DART/Citco Global a secured interest in all of our assets. Under the terms of the secured debentures, we are restricted in our ability to issue additional securities as long as any portion of the principal or interest on the secured debentures remains outstanding. During 2016 or 2015, we did not obtain DART/Citco Global's written consent related to any of our financing agreements.
(b)
Convertible notes payable consisted of fourteen unsecured convertible notes ranging in interest rates of 0% per annum to 18% per annum. The notes are convertible at a fixed amount into 14 shares of the Company's common stock, at fixed per share amounts ranging from $1,950,000 to $9,750,000,000 per share, as defined in the agreements. The notes were due in various dates through 2015 and are all currently in default. The Company is currently pursuing settlements with certain of the holders.
At December 31, 2015, the balance of the accrued interest on the unsecured convertible notes with fixed conversion features was $932,272. During the interim period ended March 31, 2016, interest expense of $20,082 was recorded, and at March 31, 2016, the balance of accrued interest on unsecured convertible notes with fixed conversion features was $954,352.
(c)
The Notes are convertible into shares of Common Stock of the Company at the option of the holder commencing on various dates following the issuance date of the Notes and ending on the later of the maturity date or date of full payment of principal and interest. The principal amount of the note along with, at the holder's option, any unpaid interest and penalties, is convertible at a price per share discount of 40% of the Company's Common Stock trading market price during a certain time period, as defined in the agreement. In addition, the conversion price is subject to adjustment in certain events, such as in conjunction with any sale, conveyance or disposition of all or substantially all of the Company's assets or consummation of a transaction or series of related transactions in which the Company is not the surviving entity. The Company considered the current FASB guidance of "Contracts in Entity's Own Stock" and determined that the conversion prices of the Notes were not a fixed amount because they were subject to an adjustment based on the occurrence of future offerings or events and accounted for as derivative liability upon issuance in prior periods (see Note 7).
At December 31, 2015, the balance of the unsecured convertible notes with adjustable conversion features was $824,861. During the interim period ended March 31, 2016, the Company repaid a total of $613,351 of unsecured convertible notes principal. In addition, note holders converted an aggregate of $143,123 of unsecured convertible note principal. At March 31, 2016, the balance of unsecured convertible notes with adjustable conversion features was $68,387 and pertains to one unsecured convertible note which was repaid in April 2016.
11
At December 31, 2015, the balance of the accrued interest on the unsecured convertible notes with adjustable conversion features was $296,396. During the interim period ended March 31, 2016, the Company repaid a total of $147,829 of accrued interest, and note holders converted an aggregate of $37,968 of accrued interest into shares of common stock. During the interim period ended March 31, 2016, interest expense of $16,702 was recorded. Additionally, accrued interest of $15,843 was forgiven and written-off . At March 31, 2016, the balance of accrued interest on unsecured convertible notes payable with adjustable conversion features was $111,458.
During the interim period ended March 31, 2016, a total of $181,071 principal and accrued interest on unsecured convertible notes with adjustable conversion features was converted into 1,394,298,115 shares of the Company's common stock at conversion prices ranging from $0.000058 to $0.0008 per share. In addition, 397,937,526 shares of common stock were issued with a fair value of $239,153 as additional interest to certain note holders.
At March 31, 2016 and December 31, 2015, accrued interest due for all convertible notes was $1,064,082 and $1,228,668, respectively, and is included in accrued interest in the accompanying balance sheets. Interest expense for all convertible notes payable for the interim period ended March 31, 2016 and 2015 was $36,784 and $52,213, respectively.
Note 4 – Convertible Notes Payable – Related Parties
Convertible notes payable - related parties consisted of twelve unsecured convertible notes payable: six to the Company's Chief Executive Officer, for $268,000, at a compounded interest rate of 8% per annum; two to the Company's VP of Technology, for $57,500, interest ranging from prime plus 2% to prime plus 4% per annum; and four to a Developer who is the spouse of the Company's Chief Technology Officer, for $30,000, at a compounded interest rate of 8% per annum. All of the notes are convertible at a fixed conversion price of $9,750,000,000 per share, as defined in the agreements, and have extended due dates of December 31, 2016. The balance of the outstanding convertible notes payable - related parties was $355,500 and $355,500 as of March 31, 2016 and December 31, 2015, respectively. At March 31, 2016, all convertible notes payable-related parties are current liabilities.
At March 31, 2016 and December 31, 2015, accrued interest due for the convertible notes – related parties was $404,448 and $391,001, respectively, and is included in accrued expenses in the accompanying balance sheets. Interest expense for convertible notes payable – related parties for the interim period ended March 31, 2016 and 2015 was $13,447 and $12,252, respectively.
This CEO Mark Kay is lying through his teeth to fund his ATM!!
http://www.otcmarkets.com/stock/SFOR/filings
SFOR SCAM: Reverse Stock Splits
In March 2014, the Company effected a 1:1,500 reverse stock split of the Company's issued and outstanding shares of common stock.
In January 2015, the Company effected a 1:650 reverse stock split of the Company's issued and outstanding shares of common stock.
In July 2015, the Company effected a 1:1,000 reverse stock split of the Company's issued and outstanding shares of common stock.
Share numbers, share prices, and exercise prices have been adjusted, on a retroactive basis, to reflect the reverse stock splits adopted by the Company as if the reverses had occurred at the beginning of the earliest period presented.
http://www.otcmarkets.com/stock/SFOR/filings