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Joe was right...this turd burglar has a bid of .005. He called it that it would happen by today! History repeating itself...wash, rinse, repeat!
Another 52 week low.
Lesson number one and the most important lesson...don't risk more than you can afford to lose. Putting money in SFOR when you are a rookie is not good because you almost have to day trade it to make money...it has not rewarded long positions in a very-very long time...it might pop up, but it can (and has in the past) fallen just as fast. Buy low and sell high is another lesson, but the majority of people have lost their money with SFOR. SFOR has accumulated serious debt and doesn't have much cash on hand, hence why it is well under a penny. Remember, don't "gamble" more than you can afford to lose.
No disrespect to anyone who serves or served in the United States Military! However, this "A TEAM" distributor also sells insurance...did anyone mention that yet? It is on the Cino website...they make it sound like buying from their insurance brokerage firm is top-level/top-communications...come on people, this is not as big as it is played out to be. Most of SFOR's distributors have been compensated $5,000 or less and that is in the quarterly reports...and yes, they were touted as awesome distributors too. If they were awesome, this SFOR would never have R/S and be under a penny. SFOR good for day trading every now and then, yes! Longs have been spanked over and over via the dilution machine.
Do you want our national security relying on a company that is in a lot of debt and is closer to bankruptcy than to .05 cents per share? I know what my answer is.
It all sounds good, but just another distributor...need sales and not low-margins either.
News out about a new distributor...not very exciting!
From my understanding SFOR offers preferred shares to certain investors which protects the investors from the common share prices. They get some dough in-hand for their "operations/their own compensation" from the investors, and when there isn't enough sales, the dilution piles on. Then when investors want to convert - look out too!
I hope you dumped it a long time ago!
SFOR's bid can be wiped out so fast...a large bid with SFOR does not equate to a bottom, resistance, or interest in the stock. Therefore, you are right about SFOR...huge and often fast dilution. Gotta watch out for dilution with this and the MM's love SFOR. This is one stinky pinky right now!
By the looks of it, some old timers have shown up on the board today. Howdy! Are we gathered here today because SFOR is near its end?
Signs of support now. However, mm's going to play with this all day long.
I tried getting a hold of Kay days ago and he didn't respond...very unlikely for him not to do that if one corresponds with him in a respectful manner. Therefore, I thought the first day that he didn't respond and that he was busy. Then the second day came...nothing. Third day...nothing, etc. I figured no response meant movement in common share price was about to happen...sure did. Anyone hear from him lately?
Right...nobody knows but Blank and SFOR (and some tight investors) what the deal is amongst the two. I think it is safe to say what you said about SFOR not starting out as a scam. I don't consider it yet, but they seem to be doing anything they can just to hold on. I'm sure mgmt. is glad they have preferred shares because with many of them, it doesn't matter what the common shareholder price is...the risk lies on the common and hence where its share price is at today...very low with lots of risk. Wash, rinse, and repeat (for those that don't believe it - look at the charts over the past 3 years). I think the dagger is in SFOR, but the knife hasn't been twisted yet...can the ambulance get there quick enough...don't think so for the common shareholder that wants to hold shares longer term. At least 90% chance won't see 5 cents in the next few months.
I should have said that I can't shake the name Optimistic Trader just like a woman that is compelled to hyphenate her name.
I guess I haven't taken the time to do a name change. Dealing with SFOR a year ago and prior was a lot better than now. I think I will still keep the name though!
There's a lot of stinky pinkies that are scams. I'm not (at least yet) going to call SFOR a scam because I cannot see why Blank Rome (a top 100 law firm) would have any of their lawyers associated with a scam (no need to do the, "Oh come on man - they are lawyers" deal). No need to talk about that - and I won't. However, one thing that is agreeable is SFOR's poor financials and they haven't done a thing to reward common shareholders in a very-very long time. So, I will say that unlike you and Scotty/Patrick, I would like to see SFOR survive, but one thing is for sure...SFOR is looking and performing poorly.
This is SFOR repeating itself! Lots of dude's found themselves "averaging down," but averaging up is a lot more fun than averaging down. The thing is with SFOR, it has had no reasonable events/news lately to average up. Back to history with SFOR...people thought .02 was great, then .002, etc. etc. etc. SFOR has consistently done one thing...averaged down...not to fun for those that hold SFOR. Oh, back to history again...some though in the past couple of years .0007 was a great buy, but then she went to .0001. Good luck, but this thing is more of a history clone than a stellar stock.
The news has to be substantial otherwise she's going to spike a bit and plummet again. A couple of months ago, SFOR had roughly $200k in the bank, but I'm sure that is gone and was used right away for debt repayment and not operations. I think they are getting hammered by investors wanting their money back (or anything they can salvage). The glimmer of hope for SFOR is dimmer by the day IMO. I put my dough elsewhere today...SFOR looking weak so far for the day. Good luck today!
Ya'll see the news out about 45 minutes ago? Last I knew, it wasn't posted on IHUB.
Melting away
10-4! I've got mixed thoughts on SFOR today...I do see some support, but it also looks like 4x sells vs. buys, etc. I'm going to hold for today...best of luck and make some dough!
A little pricey for me today...I'll be ready tomorrow if she's a little cheaper.
Struck .0011 when the bid was .0013.
Not a good sign when you can buy all you want at the bid.
Quick transaction of 10MM shares...there's movement for sure.
Last post about this...who else makes the market then? Who are the ones that drop SFOR like a ton of bricks when it pops...it isn't the little guy/common shareholder. The market is made by the market makers in most cases - plain and simple. Market makers can be beat when a stock goes nuts on demand. Also, who are the players on L2...it is market makers....it shows their positions. As I write this...the market makers have a bid of .0013 and ask of .0015...it is not the common shareholder or SFOR - it is the market makers. The larger the spread, the more dough they make when a trade executes. Done talking about it!
Not sure if you were commenting about my posts. If so, market makers have an interest in SFOR and all others if they can do one thing...make a market for themselves. They don't care about anything else but to swing share prices and make themselves dough. They could care less about financials, stories, etc...it is about swinging which makers their market...that is all they care about. It is the common shareholder against the company when they dilute/miss targets, against other shareholders, and certainly against market makers.
Yes, it does make sense. Market makers can buy or sell small quantities of shares without paying commissions/fees. The small quantity usually is a signal to another market maker about the direction they want the stock to go. Market makers make their money on the spread (the spread between the bid and ask when a trade is executed). All of what I said is what I have learned, however, their could be some others out there that can trump what I've said. Bottom line, market makers really like spreading SFOR...that is why it can swing wildly in one day. The more she swings, the more they make.
The SFOR story for people (whether short, long, or for those that think it is a scam) sure keeps them coming back...myself included. We all keep looking at this financial disaster of a company. I know some want SFOR to be toast forever, but still everyone keeps their eye on this thing. With that said, most (not all of us) must think the SFOR story is intriguing enough to waste our time on it. This is a traders stock or for those that want to put just a little in without much risk to their wallet because SFOR has no history of rewarding longs. Ok, stop reading, your wasting more time! Have a good weekend!!!
Market Makers spreading it...they love this stock - it is profitable for them, especially lately with the spreads. Makes for better trading on a day to day basis regardless if SFOR's financials are junk.
This news has been out for several weeks...just "reiterated" news. SFOR does their nice PR's first and then takes the same info into interviews...therefore, not new news. When the Apple news first came out SFOR couldn't get past 4 cents, and then it dove like a car falling through a hole in a bridge. Wash, rinse, and repeat!
Pennygold...if I'm hearing you correctly, you are unable to make a transaction via your online Scottrade account...is that right? Just curious because Scottrade wouldn't allow trades when SFOR's share price was even lower than it is now (roughly 10 months ago)due to their costs being too high to trade the stock (which actually protected individuals from SFOR's share price going even lower). Thanks for your input!
Look out...we got a bid/ask spread. What's it going to be? A chart popper or MM's taking it down?
Hearing ya on PhoneFactor. What about WhiteSky's, Midwest Bank Corp lawsuits? BUT WAIT, there's one that most people have forgotten about and that is Authentify and Authentify Patent Corp. There can be a lot at stake with that one! Both sides have brought action against each other. I've already swallowed my pride and have to say good call to HipHop on saying a long time ago that these suits wouldn't be concluded anytime soon. Long expensive road ahead!
Hello Bob,
I've a got a negative to neutral stance on SFOR. Negative because of how the share price declines most of the time - no reward for those that hang on to their shares (but then again, this is an OTC). Nothing stable about SFOR common shares at all! I'm also neutral because there might be a glimmer that can happen...that glimmer is pretty small though based on the delays over the past YEARS...everything seems to be delayed. Hear it all the time! Apple news helped traders for a few days and then down she went. IF SFOR does pop 20 times current share price, then we are still at small pennies, then what? Stable at pennies for half a month then tank again? If such big news pops it to a couple/few pennies and it can't quickly climb higher, SFOR will never be that pipe dream people want (a dollar). I know there are a lot of people that loaded the boat and are taking their amount of shares x a dollar (in their head) and thinking they will be millionaires...a lot of those guys have come and gone over the years with SFOR. I want SFOR to succeed, but there's a lot going against it. Best of luck!
Have to get to 7 cents first....7 cents didn't happen with Apple news...going to need REAL news that is a lot larger to get to even 7 cents let alone 7 bucks. Maybe with a massive R/S it would hit $7 and then likely tank fast. Wash, rinse, repeat.
The only power here is the mm's and the company...the power to raise the price and lower it quickly, print, wash, and repeat. There's been several of us in the past that had over 10 and 20MM shares...then, the repeat cycle occurred (1500 reverse split). I bailed at a decent time and hold very few shares (currently), but history is well into repeating itself here! Good Luck!
Is SFOR's share price indicative of HUGE Apple News and other product news? Answer: If it (Apple news) was a big deal, SFOR wouldn't be WELL under a penny and would have gone higher than 3 cents during the most recent spike (no traction and then quick dive). Looks like more product delays...hmmm, seems to happen all the time.
Start-ups haven't been in business for 13 years and like Hip said, have all of the accumulated debt that SFOR does. Yes, the SFOR story is interesting and I guess all kinds of people want to see what happens to it (whether they are traders, longs, or not in the game). Just seems like the board has come to a clash between those that used to be in the game and longs vs. the traders. With that said, the bickering back and forth is useless because traders are 15 minutes ahead of those that don't have real-time, L2, and other trading tools. Different strokes for different folks!