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undervalued how?
so a company with 4 times current debt to assets is worth 9 million. cant seem to get my calculator to show that. debt ratio seems to be increasing by the way so im failing to see how a decreasing asset is viewed as undervalued.
more dilution is coming if they don't get some money soon. I watched level 2's today. and it kinda smelled like dilution brewing from what I saw. we'll see.
I still think it dips to 1's and 2's pretty soon.
3 months ago it would of been 20 then right? guess we missed out on profit taking. we all miss trades from time to time I guess.
ya peggy. its only down 75% in the last 3 months what are you talking about.?
only longs know what they hold.
meaning. for every dollar purchased longs have a whopping 25c left.
where else can you get amazing returns on your investment like that?
correct. thus the ridiculousness of the statement being revealed for what it is.
nonsense.
we'd better hope so but it doesn't look like it to me. looks like its about to collapse to me.
bids are still in triggers set @ .0017 to .0024
the only squeeze I see is the 50 encroaching on the 200 signaling a death cross.
holding strong? ok.. doesn't really look like it but to each their own I guess.
descending wedge pattern with a possible 3rd day of closing below the 200 day doesn't seem to scream strength.
wait for cheaper. should see 2's here shortly
different approaches. but I get it. im more of a prove otherwise 1st.
as of now. the available financial statement dont support the current price of the stock. in addition to current debt they also are running on a deficit.
the facts and figures of the next financial statements need to show they can pay the debt. right now they cant.
well if it gains traction. id be a buyer, but they have current debt that's due. a lot of it.
if the debt were gone we wouldn't be having discussion. increasing revenue would make this a buy if that were the case.
however currently they have debt at 5 to one cash flow and assets.
if they don't get enough money to cover the debt they'll dilute.
Again..
oh you mean go away? why? easy money here if you got patience and know what youre doing.
not sure whats perceived as sneaky. just call em like I see it based on the facts provided. ive been pretty transparent since the start I think. even posted my buy areas and trade exit plan in advance. im not hiding I tell people what I intend to do.
case in point. got GTC bids set to trigger from .0016 to 0022 currently.
Id buy on a fundamental change to revenue be it settlement or improved cash flow, but any move up right now is merely going to be a blip it isn't going to magically break out from here unless they start cranking up the share printing machine to pay their debt.
which currently is pretty likely.
just once. `but I got GTC's at 2's and lower. if that's what we are asking.
so tanking for 3 months straight isn't a drop.. I gotcha.
how much is a bunch anyway? theres over 2 billion shares of this terd circling the bowl.
just be patient. even if it moves up from today. it aint going past 6's and will come back and retest again. its gonna break 4'sbarring fundamental change that's not even debatable really.
probably wont need wait much longer.. Descending triangle seems to point that way. its been a whopping 4 weeks since the last time it 004 and lower. I know cuz thats when I flipped it..
its been in the 4's for over a week now. not sure what you're talking about. people been getting them all day today?
I don't need to bash SFOR. it takes care of that for itself. that's why its tanked 75-80% in the last 3 months.
it has already dropped for weeks now. ignore me or not. doesn't really matter to me.
a close below 4 is going to send this stock tanking a lot more than it already has..
fair warning.
doubtful. a close below 4's easily will start seeing 0035 the same day or at most within 2 days after a 004 close.
I don't know man. 50 day rolling over on a 2nd test of 004?
next week looks to be a really big test for the stock. if the descending triangle confirms, collapses and SFOR closes in the 3's I wouldn't wanna be in front of that avalanche.
my buy target still stands from 0017 to 0025 max. if it doesn't hold here its going to be a blood bath. buying a whip in the 3's the 1st time yes. this time.. no.. don't like it..
there no support in the 3's which again means an SFOR close in the 3's should quickly see 2's in short order.
we'll find out soon enough..
potential upside if you happen to be correct is buy here and set a gtc sell at 006..
im just not seeing it.. too risky.
good luck.
What makes you think its a "SCAM" now? that's confusing.
I agree with the sell part though.
exactly my point the chart here right now is worthless.... the fundamentals are bad.. thus the downtrend.
I suspect a break and close below 004 is looming.
Im saying the stock is in a downtrend and that I think its going to go back below 004 pretty soon.
im talking about right now.. not interested in "if" and "would haves"
thanks though.
doesn't matter what moving average you use. 10 200 150.. SFOR is going to go below 004.
so again.. without a settlement or change in revenue that's whats going to happen. and Id suspect pretty soon. should start tapping on the door a little harder any time now.. it wont take long..
theres no demand for the stock. its in a down trend.
well then you will be here after it goes back to below 004 as well I guess.
that's not patronizing its fact.
SFOR is trending down.
everyone said the same thing you just did when they settled with Microsoft..
so im not sure why you would think that but ok..
and yes. you will need demand on order to stay above 004.. SFOR does not have any demand. thus it will go below 004.
there are literally thousands.. we must be joking right?
There is no demand for the stock and the fundamentals are bad.
its going to go lower than 004. and when it does it gonna get ugly real quick. this is not the bottom. SFOR is in a downtrend.
Simple. they have more debt than income or cash.
or in other words they are broke...
it will continue to drop until they find a way to make more money.
got my bids in @ mid high 001's to .002
They cant keep the O/S the same when they owe more money than they make or have in cash. barring a settlement or vastly increased revenue Triple zero is reality.
we're on the same page for the most part. I just have no confidence that they will be able to pay the bills without dumping more shares. (for now)
IM not speculating anything.. you are speculating by merely even mentioning 500k per settlement..
either way.. settlement news is not baked into the price. everything you just said is speculation..
right down to "flippers will jump in and drive it up temporarily, but it will drop back and longs will loose"
you don't know that.. and since when do flippers make longs lose?
flippers are irrelevant to longs.
the fact is this.. if there is a settlement announced they wont have to announce a penny and I will still guarantee it goes up on that..
until or if that happens.. this is a tank job stock..
that's not what you said. you said the 3 settlements were baked into the pps and they are not.
we could apply your logic to any stock and it would go down.
take away the iphone and lets see where AAPL PPS lands.
what kind of argument is that?
if you think pps wont go up on 3 settlements. I cant help you with that. that would be incorrect. because if 3 settlements did happen this would go up...
it is no way baked in.
That doesn't make any sense.. zero..
it will go lower as the lawsuits drag out. but to say "all 3 settlements" are baked into the current pps?
that's a bit ridiculous.
the balance sheet here is garbage, but come on.. its not insurmountable.
We might want to spend a little time at investopedia I think ....
authorized shares have been the same since the beginning of the year. outstanding shares meaning "diluted" increased by over 2 billion and counting.
the company doesn't own shares they have 'Authorized' shares. when 'Authorized' shares become 'outstanding' shares that is dilution..
whats left of the authorized shares is the potential future dilution capacity of the stock. theres 2.5 billion shares left available to dilute. if they don't come up with money that's whats going to happen.
we don't need longs to sell. even though they are already selling..
other than speculation there is nothing else holding this up.
SFOR is not Apple lol..
Mark needs the contract or a settlement. he knows it, I know it. otherwise they will dilute to pay the 9 million in debt.
that's fact. I think thers potential here. they might be able to dig themselves out of the hole. the problem is when..
it must happen in the next 6 months or things aren't going to look pretty..
SFOR will trade red until contract or settlement.
LMAO.. none of the 75% tank job is dilution..?
umm ok..
im regretting nothing. I made money here already and ill do it again.
yes they are and yes they have.. the next quarter report will prove me right again..
lol.. we must mean the one that was delisted that I was 100% right about as well..
SFOR is a better company by far in that respect. they actually have a product and they don't hide money. I honestly think SFOR is legit. ive never called it a scam that I can recall.. the other one however.. yes.. full on scam.. that's why the feds booted them and they have put out zero news in a year and a half.
im not saying SFOR cant turn things around. im being misunderstood. im saying right now... SFOR is not a buy its a sell.
SFOR has been selling too. over 2 billion shares and counting.
numbers don't lie and fundamentals trump speculation every time.
case in point. SFOR sown 75% from the 3 month high. not exactly what I would call stellar performance.
what effort..? setting a buy and waiting? ill take 30% all day every day..
I suppose folks could of held and lost 30% which is what happened in the last 3 days here.
I like to actually make money.. strange thing I know..
or do the smart thing.. sell it and buy it back cheaper.. its called trading.
4's will be had next week.
buy where you want I guess. but my bids are in at mid 1's to .002
they paid a lot of notes. I wouldn't call it a complete terd. but they are certainly not in good shape.
what I believe they are trying to do is keep some capital in the bank and attempt to stem the dilution as long as they can paying some in cash and converting some.
theyre stalling and hoping they get a settlement or somehow revenue increases dramatically but they are running out of time.
yes they were diluting when the stock was up. there are well over a billion shares traded above here. I commend that they used cash to pay notes, but it aint gonna stop the dilution from happening.
they still owe 9 mil. CURRENT debt.. meaning this fiscal year.
you do the math. what quarter is it? they had what 250k in revenue for the quarter? lets just say they make 500k for fun for the next 2 quarters.
1 million in revenue plus the 1.5 million in cash does not equal up to 9 million in debt. if they cant make up the gap they will do what they already have been doing all year.. dilute.
LMAO.. its older? it came out 5 days ago.. they have been diluting all year long. this last financial statement which is a whopping 5 days old confirms dilution is continuing.
barring a fundamental change.. the next quarterly will show the same thing. dilution.. just like the last 2..
or maybe we should just ignore that immediately after dilution was again confirmed by this 5 day old financial statement that the stock has tanked 30%+ in the 3 trading days since it was released.
seems pretty clear after the financial statement was released that traders seem to agree with me. thus a tank job ensued.
You can guarantee nothing because they did dilute.. or are you telling me the company is lying to the SEC about that..
heres your link.. LMAO
http://ih.advfn.com/p.php?pid=nmona&article=72946280
At December 31, 2015, the balance of the convertible notes with adjustable conversion features (“adjustable convertible notes”) was $824,861. During the interim period ended September 30, 2016, the Company repaid $681,738 of note principal, and note holders converted $143,123 of note principal into shares of the Company’s common stock. At September 30, 2016, the balance of adjustable convertible notes was $0.
At December 31, 2015, the balance of the accrued interest on the adjustable convertible notes was $298,235. During the interim period ended September 30, 2016, the Company paid $189,443 of accrued interest, and note holders converted $49,560 of accrued interest into shares of common stock. During the interim period ended September 30, 2016, interest expense of $13,278 was accrued, and $71,153 was forgiven and written-off. At September 30, 2016, the balance of accrued interest on adjustable convertible notes was $1,357.
At the option of the holder, the adjustable convertible notes were convertible into shares of common stock of the Company at a price per share discount of 40% of the Company’s common stock trading market price during a certain time period. The Company determined that the conversion feature of the notes were not fixed, and recorded them as a derivative liability. During the interim period ended September 30, 2016, the payment and conversion of the convertible notes resulted in the Company recording a gain of $635,600 related to the extinguishment of the corresponding derivative liability (see Note 6).