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ya I find that to be a bit funky as well. no need to really think about it. quarterly will come out soon enough. if its good its good..
the article could just as easily been done in july. so without a date on it its hard to say definitively whats up.
I wont guess what happened. better just wait for the financials.
I don't think its a stretch to earn a million or so in the holiday shopping season if they've marketed well.
well its kind of important to know when it was done. it sounds semi recent.
who doesn't date their articles seriously.
who knows. hard to tell with this guy. the business shows some viability. but on the flip side theres no doubt kay says some shady stuff.
you cant do an interview stating only a few million shares diluted when billions were dumped less than a year ago.
he then goes on to sluff off the remaining debt calling it friendly.. either way friendly or unfriendly, debt is debt.
oh cool. so that was when last weekend? I don't see a date on it.
but some of it doesn't make sense. like this..
"Our stock outstanding hasn’t increased except for a few million where we had some preferred shares convert to common shares and definitely have no plans to do a reverse stock split for these same reasons."
I don't know if hes trying to say 'we didn't dilute much last quarter' which was true but he is being very misleading by saying outstanding has not increased "except for a few million"
the outstanding has increased by billions since the beginning of last year and I can assure you he is well aware of that.
if I called him, hes not allowed to tell me anything. so we're talking about going from 9.13 to 7.5 which is 1.6 million.
here my take. if the the 9 million they owed was reduced to 7.5 million he got it by writing off, selling, settling or diluting. he sounds optimistic in that article who knows. I wouldn't go assuming the debt is down to 7.5 million until I see it disclosed in the financials.
got another what 2 months to find out?
Lmao.. ok I looked at it. now I understand where the confusion is.
dude's #'s are wrong. not shocking given the source of the info really but anyways.
the current debt is not 7.5 million its 9.13 million down from 13.8 million..
so only 4.16 million has been paid off.
don't ever trust someone elses #'s use the real ones. case in point.. here I was trusting 7.5 million as current debt based on what you said when the person you got it from is off from the start.
do we know whether or not the attorneys worked on contingency?
agreed. it takes utter brilliance to understand that hiring a salesman might be a good idea.
actually I think we might get a quick blip to 006. if things get a little volume to the plus side tomorrow.
if tomorrow fails and goes red. we should get that really big tank job ive been waiting for fairly soon.
yes we do know where he got it dilution..
2.2 billion shares.
are you sure you know how dilution works.? Kay did not sell shares that's #1. he borrowed money. which is why you got up to 14 million in debt to start with.
2.. SFOR does not get to choose when and where convertible notes are converted. that's the noteholders choice as outlined in the debenture.
2.2 billion shares were dumped. once notes are converted to shares that's dilution. once converted the debt comes off the books. whether its 2.5 or 4 million doesn't matter.
add your settlement and revenue together. subtract from debt.
the majority of anything else missing is dilution.
oh and read the terms on the convertibles.. they were signed at 10% and 50% of the VWAP.. so if we use your #'s the notes converted at .002 which is yet another interesting pivot point for the stock.
2.2 billion shares were dumped. that's not a guess. that's fact. Kay has already communicated with me. I can read.
lets be real here. SFOR getting 4 million from anywhere is not in any way "regular".
"if" they got 4 million per year you would be right.
but that's the problem... "IF"
lets assume 4 million came in from "regular" cash flow. that leaves 10 million. the debt is now 7.5 million according to what you said. so where did the extra 2.5 million go? hmm..
Last March the beginning of 2+ billion shares are disclosed as dilution and the stock sits range bound for 4 months from 0008 to 0013... care to guess what 2.5 million dollars is divided by 2.2 billion shares?
.0011 per share.. hmm.. that's strange.
how generous. they forgave the accrued interest on 1 years debt load.
maybe we shouldn't vote for pay increases then right? any guess as to how much more the additional pay for these same officers is?
I choose to trust the financial statements. the ones that are officially utilized by the SEC.
the company went from 14 to 7 by both dilution and the Microsoft settlement.
if you owe money to a credit card company do you have to pay it? of course. SFOR has a 7.5 million dollar credit card bill.
Can kay be correct by stating they have enough to last through 2017. yes he can but if he chooses he could of made the statement that he has enough to last for 2 years..
what he didn't say is the problem..
he did not say SFOR had enough cash and revenue to pay the current debt and deficit without diluting. why didn't he say that? because SFOR does not have enough cash and revenue to service the debt and deficit and therefore will be forced to dilute.
I trust what kay said.. I also trust what he didn't say and official government SEC documents.
you are ignoring the current debt... how convenient. I don't care if the revenue is increasing and operating costs are decreasing.
lets do the math..
393k total in revenue.
1.415 million in operating costs. -393k = 1.02 million in the red. on top of the 7 plus million they owe.
they are operating at a deficit. even if kay does decide to use the cash which wasn't a bad idea (the company owes him money) they'll be dead broke in a year.
aside from this theres not enough cash on hand or revenue to pay the current debt as outlined in their financials.
if you want to say they'll squeak by for a year by paying this years deficit with cash and revenue fine. but you cant just ignore the current debt that has to be paid.
so i'll ask again.. where are they going to get the money. you say a pivotal 4th qtr im assuming.. we'll see. something better pivot quick that's for damn sure.
disagree. theres 2 billion shares left they can dilute as it sits right now.
there will be no reverse split. because billions of shares are available to dump. on top of that what in the world does a reverse split have to do with diluting?
they don't need to have a reverse split to dilute past the current Authorized. they merely have to vote to expand the A/S further.
The company does not have enough cash to run through 2017 based on current revenue. current debt exceeds cash and receivables 4 to 1...
could you share how you come to the conclusion no dilution occurred or is occurring when beginning last year they had 10 million shares and now there 2.3 billion.
every quarterly statement issued during 2016 showed dilution?
so im curious to know what DD you have that shows massive amounts of shares weren't dumped when the company clearly disclosed that's exactly what happened?
good luck..
I knew you were crazy all along Private Pyle. still here posting to an audience of none..
but hey at least I saw this a day later.
so for fun as my gift to the challenged I will say this..
REVO is 2 tics from absolute bottom. theres no bid. and dead silence just as I predicted years ago..
This microstock has no real products. merely ideas of products which they have never produced.
REVO is not fighting patent infringement. EYETALK365 is.
REVO cannot win cases they are not in.
REVO does not report financial statements or anything for that matter and the CEO's have abandoned the shareholders and now work for eyetalk..
and lastly... nobody is smiling that owns REVO.. unless of course we're mentally challenged talking to ourselves, pretending JHOOD wasn't an idiot all along and enjoy losing money after being lied to.
merry thanksgiving.. ill check back in a few months.. sure is quiet in here.. strange.
youre welcome.
at least we are on the same page that its ok for Kay to rake his long deserved chips in.
not really semantics.
when you buy a house its real..
when you speculate you buy air hoping it becomes real.
you have a great new year too. hope SFOR makes you a lot of money. and I do mean that.
ahh.. I see. I'm really embarrassed too, it's almost like I don't put a lot of effort into reading your posts thoroughly.
here's the reason..
this is not an investment dude.. its speculation.. and to be clear there are scammy elements.. but that's just the CEO's being CEO's
ahh well, there you have it... I accept your apology. thanks for being honest and taking responsibility.
it takes less time to read than make an incorrect assumption.. just a tip.
my 2 cents... I don't think this is a scam. theres some efficacy here. but id be sidelines. I am sidelines actually. id trade flip this which I have but.. seriously if things turn around theres time to buy..
can you tell me what date the Microsoft settlement was announced?
meaning actual disclosed settlement date?
Could of swore I said I would do the exact thing he did.. you guys owed him money..
he took it..
shareholders still owe him money..
and..
he'll take that too..
SFOR has bills to pay.. Shareholders whom own the company need to pay it..
not really a red flag.. all the red seems to be in shareholder trade accounts. a lot of money was lost over the last few months..
Mr kay is no Trump. if the product is viable itll come to surface at some point. you are an example of how the majority of shareholders feel. and rightfully so..
things aren't good now. but they could change.. we'll see. good luck.
you sir are a reasonable long.. yes you do need leadership. advertising a lot would help too. maybe a review by CNET and other notables if they haven't already..
don't beg.. sell.
see.. that's not Zbest answer either.. matter of fact even less insightful than the previous..
and again I would note that we have avoided answering the question especially since we're lol'ing at other people whom are right..
lets try again..
by all means.. please do state just how debt was paid from 14 to 7.5 mil other than the fact that SFOR dumped 2.2 billion shares and notes were paid off with the proceeds of the Microsoft settlement??
or does ZBEST really have no idea what they're talking about? which is my opinion.
ill again wait for another non answer..
Kay did pocket money.. that's fact.. he owned notes and he is owed a salary too right?
if my company couldn't pay my salary and all of a sudden they had 5 million in cash.. uh ya...
shareholders owed Kay money.. so they paid it..
and that's ZBEST response to the truth? makes me think theres some other answer to how debt was paid other than dumping shares and the Microsoft settlement.
by all means someone with Zuch a clear reputation of being so wise in the face of a 75% tank job should easily be able to explain an alternative answer as to how the debt was paid.
I'll wait while that goes unanswered and assume that stating "Outstanding response lmao" is ZBEST we could do..
by dumping 2.2 billion shares and paying notes with a portion of the 5 million they got from the Microsoft settlement after attorney fees.
that's the full truth..
full truth. not rocket science.
on what planet does a company buyback shares when they don't have enough money to pay their bills?
the settlement paid off some notes they owed. those notes could have been converted to shares but they were not. so you could say that they slowed dilution by not issuing shares for some of their debt but. no shares were straight up bought by the company..
I understand they got 4.7 million dollars after the settlement. took about 3 million paid the CEO's their salary notes and maybe a few other 3rd party notes. then they kept 1.7 million in cash to be able to pay bills incrementally through 2017.
where is that 1.7 million going? again.. noteholders..
who owns the notes?. well according to some here they are all owned by the management.. so as you see debt rising and dwindling cash reserves that's them collecting checks.. since the company isn't making enough money to pay CEO's and noteholders. notes are converted and shares are dumped not bought..
when you buy stock. you own a piece of the company.. when the company owes money who is responsible for paying it? the company meaning.. you.. the proof of shareholders paying what they owe is easily seen by the massive losses that have occurred for the vast majority of current shareholders. there are a lot of really pissed off people right now..
nobody likes having their dollar "investment" turn into 25 cents 3 months later. that's exactly whats happened.
lol.. "if this is not an attractive buy" well lets see.
debt to income 4 to 1.. mmmkay..
a 1000% increase in outstanding shares in less than a year.. ummm.
75% tank job shortly after said dilution.
50 day increasing speed for a 200 day death cross.
12 days consistently closing below the 200 day..
no real support til 2's once break down occurs.. (and to me it definitely looks like that's whats happening.
so yes. im going to take that advice and not buy. im also gonna take my advice.
bids set and triggering from mid ones to low/mid 2's.
should get a good 40+ % on that trade on a one day whipsaw.
you tell me.. the start of the year there were 20 million.. now there are 2 billion shares.. they dumped a boatload of shares to someone?
and yes... MGMT at some point or another their notes will be dumped on shareholders too. unless they pay them off in cash. but we already know they don't have enough cash.
if they don't pay the debt goes up..
do you work for free? I would assume you don't. management doesn't either. in fact they gave themselves a raise.
that's kinda weird when they already don't make enough to cover expenses. these people have family, houses, cars just like everyone else. and if the company owes them money in order to eat.. then I don't know about you but.. im converting my note and dumping those shares for a burger or 2.
I flipped the 1st dip to mid3's for a little over 30%. should hald coulda doubled but I don't like to hold bad assets. ill take the gains and im out and wait patiently for the next tanking.
I would disagree. the note holders did get the shares. if they didn't a proxy did by selling the note second party. either way those notes converted.
they are in no danger of R/S in the short/med term. the A/S is 4 billion.
the shares they got were not free. notes were issued either for expenses (employee compensation) or notes were bought and expenses were paid. the quarterly shows what was converted and what was paid in cash after settlement.
you got to look at notes for what they are which are mearly loans. I loan SFOR 100 dollars. they give me a note stating they will pay me 12% interest if they choose to convert then they get 12% and 1/2 off the VWAP essentially doubling their money. the half off is given due to the riscky basis of the underlying stock and its extreme volatility thus giving further incentive to loan the company money.
its all legit. but for newb investors who don't understand fundamentals its easy to get duped.
put it like this. if they didn't dump 2 billion shares this year and the OS was 20 million shares as it was in the beginning of the year then the stock theoretically would be worth 50c.. as we can clearly see. that is not the case.
its evident to me right now. bearish bets will continue to win until proven otherwise. that's what I flipped this stock on.
for now. SFOR's finances are certainly in doubt thus the beat down pps we've been seeing the last few months.
this is exactly what im talking about.. OTC "longs" for some reason don't grasp this.
its simple really.
they were in debt 14 million they got about 5 from Microsoft almost all of which they paid debt on.
then they kept about 2 million in cash.
they made way less than a million in sales.
so....
lets be generous.
14mil -the whole 5mil = 9 mil - (being generous again) 1 mil in revenues = 8 million. that without including any of the increasing debt accumulating.
so if they didn't have the money how did they pay it?
by dumping 2.2 billion shares.
don't see how people cant seem to understand that. they went from a few million to to over 2 billion shares since the start of last year.
they didn't dilute much last quarter but according to that same 10q from last quarter they will need to in epic fasion unless they can restructure the debt.
cant remember off top of my head but the current debt was over 7 million and I seem to remember it being 9 million. im not sure what quarter this is in but.. I think its either quarter 2 or 3.
if its quarter 3 id be getting real nervous if I was holding shares. time is ticking and note holders will want their money. if they don't come up with it soon a huge share dump is coming. theres no way around it.
when a stock tanks 75+% its gonna get hated on. it comes with the territory.
its on the verge of tanking another 50%. if it does I don't forsee the belly aching starting to decline.
im not in the otc. but I do dabble in it from time to time. if saying it closed at the 200 today makes people feel better that's fine I guess.
as far as this being purely speculation I don't really agree. I think there is potential here but how much potential concerning what it is they sell and do is the problem. it boils down to how viable the product is. currently they aren't selling very much of the product and the debt is getting bigger that's a big problem and unless something changes soon. dilution is coming.
there are some fundamentals here which is a good thing. problem is they are bad fundamentals.
wont need luck for 2's. theres only 2 ways it holds here. SFOR makes more money somehow or market makers hold it up in prep for a share dump campaign which I think I was seeing signs of today.
so based on what you are hoping to happen. 9M is undervalued next year... *maybe*
came close to 2's last week 1 tick away. unless, if or until some money comes in including settlements, this stock hitting 2's is a no brainer.
10 straight days closing below the 200 day avg is not exactly bullish. neither is the fact that the 50 day is increasing speed towards a death cross.
I'll believe settlements when I see them in SEC documentation. until then.. bids in from mid 1's to lower 2s.