Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
you're holding what was once a 10 bagger and a current 4 bagger?
dude.. take the money. I would. whats the worst that can happen you raked profits?
I can guarantee they aren't buying back. if anything they will pay notes. CEo's may have some shares but that's not where their money is. they are being payed in convertible notes. those notes convert to shares when the company cant pay.
potentials are not facts. the #1 fact is that this company has 9 million in current debt and they do not have enough money currently to service that debt. meaning if they don't get substantially more revenue or a settlement of larger proportion they will dilute to get the money.
The company is not buying shares they are selling shares. No they do not have the financial strength to buy back shares. they did pay off some notes with a settlement but at no point has SFOR purchased shares nor are they in position to purchase shares. they owe 9 million dollars and the people they owe that money to is where the money is going to go. that includes the CEO's now increased salary.
I can agree with some of what you are saying. lets start with the 'potential deal for 9 million'
from what I read was that the patent expires at 2020. so as time tics by this option to make that purchase in my opinion diminishes. we can in either case set that aside because we both have no idea if the distributor will or will not opt to make the purchase.
q over q revenue did increase I can also agree with that. and I do agree that is a good thing.
your point about lawsuits is speculation. they may or may not settle and we can make no assumptions as to what the size of the settlements may or may not be.
my point is simple. regardless of the above they do not currently have the capacity to pay the debt which is due this fiscal year. This is abundantly clear by the massive dilution that occurred in the last 11 months despite getting a 10 mil settlement out of microsoft. over 2 billion shares were dumped into the float. that's fact.. why? because SFOR didn't have the money to pay its creditors.
are there catalysts that could make this go higher? yes..
but I will say it again.. right now.. CURRENTLY!! shareholders are in trouble. the same basic principle applies. SFOR does not have the capacity to pay the current liabilities as outlined in their latest 10q. which simply means they don't have the money nor make enough money to pay their current debt.
if they don't get a settlement or a massive increase in revenue they will have no choice but to dilute further.
bond/noteholders will get their money and they do take precedence over retail stockholders.
barring a fundamental change in revenue from wherever you want to speculate it to come from this stock is going to go down..
my opinion is wait and buy at around 002 for a flyer. if real fundamental change happens, will you miss some of the profit.. yes. but there will easily be enough time to buy in and make money safely rather than speculating.
correct. that's where Im at. bids from .0017 to .002
it helped but I wouldn't call it stable. debt to asset ratio increased this last quarter and the financials still say they have 9 million in current debt..
I just want to hear how they intend to pay the debt because if they don't create revenue somehow they already stated what they were going to do to pay for it.. dilute.
they did a good job this quarter keeping it to a minimum. but without more money soon the shareholders will be flipping the bill in the form of further losses.
the 10 million is pretty much gone. you got 9 mil in debt that is currently due..
the only rationalization I can come up with to be long the stock is hoping something happens. not exactly a sound investment strategy.
already sold. cant help you. appears that several others are still selling though.
cant wait to see all this powder though. im guessing its down in the low 4's.
it has been selling.cant be all that much powder can it?. it sure isn't showing up on the bid.
its already down 30% from the high 3 days ago isn't it?
we wouldn't be selling before it drops it would be selling while its dropping I think.
they didn't throw it out the window did they? I could swear everyones been saying microsoft now have the rights to use the product right?
soo..? what are we talking about?
they swatted the fly and they now get to use the product.. how does that equate to throwing money out the window?
dude.. Microsoft has a 480 Billion $ market cap yes I did say billion with a "B"
10 million doesn't exactly equate to admitting anything. To me it says heres some chump change now beat it.
time already told that story.
they settled for .002% of microsofts market cap.
more like just swatting a fly. if the patent is plausible which to some degree it must be then why not just pay the chump change.
the real question is if the patent were worth what people are saying it is then why didn't SFOR litigate the case instead of taking the money?
incorrect. SFOR is worth 1/2 a cent. numbers don't lie. and that's what the PPS says.
if we were in an "miracle M&A phase" then how come one of the largest giants in the space with cash oozing from every direction only paid a paltry 10 mil in the settlement. (Microsoft)
seems they got out cheap didn't they?
LMAO... dude.. that's an after hrs screen shot taken 8 minutes after the bell.
what are we talking about? lol..
we aren't claiming SFOR to be worth 50c a share are we?
ive seen level 2 100 million shares traded in the last 3 days would that be considered a sneeze or no?
they have over 2.5 billion authorized left so how are the greatest part of the shares gone. they sold half of em since the 1st of the year..
not following how a company that's worth 1/2 a penny is somehow on the verge of being 50c a share on a sneeze.
you would basically be saying SFOR is worth 2.5 billion.. umm.. no.
why buy and hold here of all places? that makes no sense.
its pretty clear you 're gonna be able to get shares at a around a 25 to 33% discount to today in the short term. that's at the least.
SFOR is in non disclosure mode because theres nothing to disclose.
ugh.. if we'd only just pay attention lol..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126668839
5's hitting as predicted. 4's are soon to follow. (again)
bids in @ .0017 to .002 may adjust lower.
you forgot 4.5 to 1 debt ratio and a 60% tank job from the 3 month high.
we post that too..
I don't set a rule on the percentage of gain.. 30% just happens to be what I made on that trade.
about to pop.. back up the truck.. etc etc.. all noise.
if theres gains.. I take em.. period.. just got to watch the momo and the second it dries up im out..
you cant hold broke companies like SFOR based on "hope".. hell no..
its my money. I wouldn't trust them based on what people speculate on..
SFOR will be back in the 4's and 5's by end of next week barring something actually happening.. theres no support up here.
didn't have to hold my breath last time. pretty simple..
set a gtc and wait for the alert.. that's it..
yes I am.. ill take 30% day trades all day every day.
yes I did. and ill make it again. I got bids in from .0017 to .002.
wont happen today, but its going to happen if they don't make more money and when it does ill be waiting just like the last time I raked SFOR chips.
free money.. too easy..
theres over a billion shares at 40 to 60 % losses in the last 2 months. if you got a 70% gain youd be wise to take it.
theres nothing holding this up.
good news is the dilution was limited the bad news is last quarter the current debt to asset ratio increased.
heres a fact. theres nothing holding this up. why do you think people are jumping in and selling exactly where I said .008.
if it breaks maybe it gets to 012. but I can assure you it aint staying up here without some sort fundamental change. the debt is still there and they don't have the money to pay it.
don't take my word for it heres the company has been saying the same thing I have all along..
theyre in debt.. it cant go up on air. SFOR has bills to pay. so its either convert the notes or fork over the dough to the note holders and they don't have enough money for that.
they need an actual deal, settlement, something.
its clear they have a little pipeline of cash flow but it aint enough. the interest on the debt alone surpasses current income. not to mention they are likely going to give themselves another raise after the vote.
financial statement will show dilution just like the last one did.
why would the company lie to investors about it?
TA is worthless. fraudulent SEC documents do put people in jail. in every land not just pinky land.
so i'll believe the company.. They say they are diluting.
plus the TA is gagged from what I heard. Quite frankly I don't believe anyone has actually called them..
what is the float?
I'll sit back while nobody answers that question.
That's funny.. no the TA does not trump what is sent to the feds on official documents.
The 10q clearly states DURING the last quarter massive amounts of shares were diluted.
The TA works for the company. the SEC does not. one of them can put you in jail for lying to the public. so im going to believe what the company said they did in the official SEC document that yes they diluted..
this is what they admitted.. are they lying to the feds? I don't think so.
During the interim period ended June 30, 2016, a total of $192,683 principal and accrued interest on unsecured convertible notes with adjustable conversion features was converted into 1,594,171,735 shares of the Company's common stock at conversion prices ranging from $0.000058 to $0.0008 per share. In addition, 511,066,248 shares of common stock were issued with a fair value of $386,202 as additional interest to certain note holders
there was more than one. and they were huge conversions.. could it be an info leak? maybe.. but I think that is doubtful. ya never know though.
During the interim period ended June 30, 2016, a total of $192,683 principal and accrued interest on unsecured convertible notes with adjustable conversion features was converted into 1,594,171,735 shares of the Company's common stock at conversion prices ranging from $0.000058 to $0.0008 per share. In addition, 511,066,248 shares of common stock were issued with a fair value of $386,202 as additional interest to certain note holders
Nah dude. im out. im good with the 30%. I do think it could go up a little more but no way would I buy into this spike.
think about it.. magically the stock goes up 50%+ today?
for what reason? nothing happened.
nobody can tell you.. all they can do is say.. "something is coming".. be it a shareholder meeting, the Q, "news"..
I was hoping they wouldn't run it up prior to the Q so I could see it. but they are price building now so that makes me think subsequent events on the Q will show dilution in addition to the other converts. We'll find out soon enough.
noteholders need the price up in order to maximize when they unload. no way im stepping in front of that.
you are correct it is not acting like dilution. They are building the bid in preparation of it.
gap and trap wouldn't surprise me tomorrow.
they have a lot of shares and retail will not be able to absorb the pressure. so to mitigate that they need the price as high as they can get it without the risk of competition from retail sellers above a penny. you know.. (those guys that are pissed they lost half their investment)..
id say about 90% buys and sells today were retail trades. soon they wont be.
if theres no dilution (which I believe the 10Q will prove there is) then it should easily test the high..
I don't think that is the case nor do I think it'll happen.
lol... exactly.. don't do any DD we wouldn't want that..
just hope.. that always works out in the end.
the last 10Q that states it. you'll see.
I already did. took 30%. people sold today too to take gains. im obviously not the only one.
the Q isn't a mystery. they already told us what its going to say.
as you should be.. theres no catalyst or logic for the move. NIo knows his stuff. we all know whats really happening.
I realized 30% 2 days ago. I don't feel like a loser. There is dilution. you'll see. theres no support up here. could it go up a bit from here sure.
but everything above 8's is gonna be bags. id be selling here this will be your best chance to at least get some money back.
dilution is brewing.
2 days ago it did go below 40's
Its not going to hold whatever gain that's why I sold that day and so did many others.
if you got shares its going to be a good time to sell again from 008 to im gonna guess maybe 012..
fair warning. you'll see. I wouldn't hold this spike.
that would be the correct place to do it. it'll get shorted again starting at around 8's then the share shower should kick in after the Q.
building price prior to the 10Q so they can dump shares. not expecting them to let it go much higher than a penny but they'll try get it up as high as they can before retail trys to get their money back.
placing shorts at a penny sounds about right..
gearing up for the share shower..
i love it.. congrats to another who gets it.. maybe you baby sat this one today but i didn't. i just had a buy in at mid 3's got my alert and sold on the whip..
im not trying to baby sit pinksheets. im in, im out.. done..
i wont own more than one pink to begin with and never more than a few days tops.
this crap aint liquid enough for me to play support becomes resistance. especially in the face of all the damn shares the company prints.
good on ya mate.
some would call us arrogant.. i prefer confident instead.
revel in it.. i do..
too easy..