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not a bad place to put a bid in and hope for a whipsaw. I figure that area should be where a lot people start realizing the amount of money they are losing and start trippin.
don't understand why youd even consider holding though.. its gonna get a hell of a lot cheaper than 0035 unless its just a one day flip.
if a settlement comes there will be time to buy.. chart showed that already after the 1st one..
no way id hold a share dumping machine that's all I know. you got more stones than me.
maybe so.. but fact trumps speculation every time. just get a little tired of people pretending to "know what they own" trying to tell me dilution isn't happening when the company straight up says it. I know what people own here too and CURRENTLY shareholders whom are holding own debt..
thus 70% tank job in PPS...
I wouldn't call it homework.. like I said it takes literally a couple minutes. some people just don't like to read I guess..
if they get another deal there will be time to buy and make money but if they don't.. hmmm man... theres a lot of pain coming to current holders.. im sure everyone who bought the last month and a half aren't too happy already.
better hope that lawsuit gets settled soon that's all im sayin. everyday that goes by more and more of these note holders are dumping shares. kinda weird why they wouldn't hold on to their shares seeing as the company has soo much upside..
LOL... uh again we were saying..
let me see here.. no toxic notes left ey?.. hmm.. let me just have a quick gander at the 10q to make sure and... oh hey... whaddya know..
here are the "non toxic notes" CURRENTLY due...
that's weird.. I thought there weren't any left?.. only 1.9 million current. that leaves about 5 mil more for long term I guess. im sure those aren't toxic either lol..
like I said SFOR is diluting. they have been and will be for the forseeable future. but don't take my words for it.. take theirs. these notes are CURRENTLY whats being diluted. as the next 10q will verify.
As of June 30, 2016, our company's open unsecured promissory note balance was $1,916,109, listed as follows:
· $50,000 to an unrelated individual – current term portion
· $210,000 to an unrelated company - current portion
· $1,460,000 to twenty unrelated individuals through term sheet with the StrikeForce Investor Group – current portion
· $137,500 to an unrelated company - current portion
· $9,285 to an unrelated company - current portion
· $16,324 to an unrelated company – long term portion
· $33,000 to an unrelated company - current portion
As of June 30, 2016, our company's open unsecured related party promissory note balances were $742,513, listed as follows:
· $742,513 to our CEO – current portion
As of June 30, 2016, our company's open convertible secured note balances were $542,588, listed as follows:
· $542,588 to DART (custodian for Citco Global and as assigned in 04/09 by YA Global and Highgate House Funds, Ltd.)
As of June 30, 2016, our company's open convertible note balances were $905,512, listed as follows (month/year):
· $235,000 to an unrelated company (03/05 unsecured debenture) - current portion
· $7,000 to an unrelated company (06/05 unsecured debenture) – current portion
· $10,000 to an unrelated individual (06/05 unsecured debenture) - current portion
· $40,000 to three unrelated individuals (07/05 unsecured debentures) - current portion
· $10,000 to an unrelated individual (12/05 unsecured debenture) – current portion
· $30,000 to an unrelated individual (06/06 unsecured debenture) – current portion
· $70,000 to an unrelated individual (09/06 unsecured debenture) – current portion
· $3,512 to an unrelated individual (02/07 unsecured debenture) – current portion
· $100,000 to an unrelated individual (05/07 unsecured debenture) – current portion
· $100,000 to an unrelated individual (06/07 unsecured debentures) – current portion
· $100,000 to an unrelated individual (07/07 unsecured debenture) – current portion
· $120,000 to three unrelated individuals (08/07 unsecured debentures) – current portion
· $50,000 to two unrelated individuals (12/09 unsecured debentures) - current portion
· $30,000 to an unrelated company (03/10 unsecured debenture) – current portion
correct. here's why.. dilution. per 10 q
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.
SFOR converted notes to shares.. those note holders are dumping shares this quarter.. thus declining PPS..
simple stuff.
You were saying Lol...
They are diluting.. they say they did, and they say they are going to.. but fine.. if we must..
below is their words not mine directly proving they did monsterably dilute during the last reported quarter..
ahhhh.. too easy man.. come on..
The old Proverb is hear no evil see no evil. I would strongly disagree. when the new 10q comes out you will see this as the reality..
there is Dilution and there will continue to be dilution. the last 10Q showed it and the next one will too. why would I lie about something the company told everyone they are currently doing?
I don't have to claim the are diluting.. they say they are diluting.. they also say they will be continuing to dilute.
so what you are telling me is that miraculously all billion plus shares sold over the last 6 weeks or so was because of retail selling.. I was here.. sure didn't sound like that to me..
is it a coincidence that literally the day after I started posting here that this stock has tanked 70%.? how could I possibly know that... and knew it BEFORE Mark did his video??
I mean that's pretty strange isn't it?
if im lying then SFOR and Mark is lying.. I got all my information from them via SEC documentation.
let me put it simple.. your rent is 9 dollars... you have 1 dollar and 50c.. rent is due "CURRENTLY" and you only make 25 cents a month.. but.. you don't want end up on the street.. so what are you gonna do.. maybe just maybe.. you'll have to sell something to make the rent.. pokemon cards?
The Rent is due CURRENTLY..
SFOR is diluting.. this will be proven right when the next 10q comes out.. you'll see... SFOR had to sell something too and it wasn't pokemon cards.
Exactly.. don't listen.. "hear no evil".. lol..
fact is. doesn't matter if you listen or not until a fundamental change happens this stock is going down.. why?
SFOR is FUNDAMENTALLY broke and in debt..
over 1 billion shares in the last 6 weeks are in the red.
nothing to see here right?
I always find it strange that people don't look at the other side.. I look at the plus side. I understand there are settlements and law suits.. I also understand maybe they'll make some money on them.. but.. for now.. which is reality..
sfor IS broke, the stock is overvalued and it will continue to decline for the foreseeable future..
SFOR owes money meaning you as shareholders being part owners of this company also owe money. Noteholders will be collecting the money you owe them by selling you their shares given to them by SFOR.. thus declining prices and you the company owners paying the bill.
whatever anyone had in the last month in their broker account on this stock is now cut in half..
this is simply how it works.
we just don't quite get it yet.. lol.. Mr Kay has no control over the dilution that is outstanding.. its already there..
he already got the money. even if "he" or "the company" aren't "planning" any dilution the people that he owes money too certainly are, have been and will continue to dilute..
noteholders take top priority and they will be paid. a simple look at the cash flow statement shows that. 9 million dollars reduced to 1.6 million in short order..
CEO's of pink sheet stock get bombarded daily being solicited to buy notes. so I know that part is true..
the part of that says no RS is also true. because there is no way he is gonna cut the throat of the people that loaned the money to him.
him having "no plans" to dilute may also be true..
doesn't matter.. he owes money to note holders. they will get their money. which means they will be dumping shares and they are.
you are asking him the wrong question..
ask him how much money has been converted from notes to shares in the last 6 months and ask him how many shares so far were given to noteholders in order to service the debt since the date of the last quarter reported...
I guarantee he wont have so much pride.. SFOR is diluting.. they may have not planned it .. but Mr Kay certainly knows its happening..
LMAO.. they gagged the T/A.. Now why in the world would they do that all of a sudden? I mean what could they possibly be hiding?
i'll wait to hear the excuses.. that's too funny.
not that we needed to talk to them anyway.
nice close.. should be a dollar by Friday.
manipulated yes.. accumulated? uh no.. that's funny..
like I said dilution.. meaning not accumulated.. distributed..
lol... ive already stated whats going on here. looks like we've gone from calling bottom to agreeing next week isn't looking good either..
or the week after that and the one after that and the one after that.
if shares are in solid hands. who's selling the shares..?
see 10q
A bunch more shares are gonna sold on the bid.. im just sayin.. if you think "strong hands" are stronger than the note holders dumping shares you are mistaken.
they could care less its all gravy for them right now. pure profit..
Note holders don't flip, they dump...
cant and cdel have the football currently. waiting for a bidder to jump in @ 0063 or higher.. if its big enough it'll get whacked just like it did a couple moments ago.
T/A means nothing. the quarterly report tells the story. the next report will show the same as this one..
Dilution.
we just don't seem to get it. This company owes 9.3 million dollars CURRENTLY.. they only have 1.6 million in cash.
Meaning.. quite simply they do not have the money to pay their current debts.. therefore in order to get it..
SFOR is has and will continue to dilute the float via convertible notes to get it. The Chart shows it, The financial statements clearly state it..
1.6 million - 9.3 million = negative -7.7 million...
SFOR.. Bearish and will continue its slide south.
how low will it get before those whom had profits much larger almost 150% larger actually see the reality of what is CURRENTLY happening?
good luck with the lotto ticket I guess but.. at current they have zero chance of meeting listing requirements of any exchange im aware of..
thus... this is a pinksheet stock.. and it is so for good reason..
seeing as ive been right since the high and before the videos were released im not feeling too dumb..
good to know the strong hands have the stock.. this must be the bottom right? lol..
There is Dilution.. I said it then im saying it now. and it is just as true now as it was then.
im only repeating what the company said they are doing.. so maybe they aren't smart either.. not sure why they'd lie about dumping shares.. but ok.. if you say so... I say they are.. 70% red says so too as does the last financial statement.
I look forward to seeing how strong the hands are.. my bet is that strong hands will be tapping out and more red is coming..
.004's within 2 weeks.. good luck though, time for my nap.
Should be within 6 months for trips. but I agree..
it is coming..
"everyone" has taken profits except for "everyone" that bought in the last 6 weeks..
should have about at least another month of steady decline then a spike from a low in December/January.
still plenty of time to take profits and if you have them I would do so.
O/S is irrelevant.. calling the T/A means nothing
there is dilution going on..
well over 1 billion shares have been traded red 70% in the last 5-6 weeks.
just so we are clear.. because there are only 2 real conclusions..
1.. all these loyal longs have been selling for over a month straight to the tune of over a billion shares or..
2... shares are being dumped like the quarterly statement says they are.. or in other words.. DILUTION..
feel free to take the balance sheet of this stock to any local brokers office give them all of 5 minutes and then watch as they say.. uhh... hmm.. ok.. sooo you own this?
There is dilution. and it is happening now..
I do and it was nowhere close to 8 billion dollars, it wasn't even 1 billion. pretty big score for a patent troll though.
I guess that depends on what you know.
this stock is diluting.
if you think this stock isn't being diluted and that 70% 2 week tank jobs are natural.. then I cant really help with that.
The O/S is irrelevant.. but it will get larger on the next quarterly report.. we already know that because this last quarterly says it.
so short answer...
Dilution yes..
whats the O/S.. don't care.
PPS will continue to decline.
what kind of reversal. it has reversed already hasn't it?
do you mean a reversal to the upside?
lets pretend to use technical analysis on this stock. its down 70% from 2-3 weeks ago.. not good.
theres a double top at .02 that failed to break out. not good..
2 resistance levels have broke. @ .01 and recently .006.. not good.
next support would be .004
But that's all garbage.. they are actively diluting the stock.. you cannot chart stock which is actively being diluted...
in addition.. look at all those shares bought way up at a penny and above.. those people are pissed.. and believe me they want their money back.. thus resistance if or when share price goes back to that point..
I would not consider buying this stock at all above .004 if there is a support.. that will be the 1st real area.. my honest opinion this hits .002 within the next 3 months max.
that's great man.. im happy for you. im just telling you as it sits right now.. if you have shares you are going to be better off selling them. I said the same thing starting at 2 1/2 weeks ago at .02.. we'd be 70% "richer" wouldn't we?..
unless something fundamental changes and money comes in from somewhere unexpected this stock is going to go down for the forseeable future.
not trying to be an ass.. Ive been doing this a long time and I know what im talking about..
Just trying to look out for a Vet (thank you by the way). could it skyrocket.. sure maybe.. im just trying to tell you a bird in the hand is worth 2 in the bush..
they are broke dude.. for as long as they are broke they will continue to dump shares. go look at the cash flow statement to see what happened to your settlement payments if you don't believe me.. all those #'s in parenthesis ex:($687,999) etc.. is money they gave to note holders. its gone.. they have 1.6 million left after their settlement and 9.3 million in CURRENT DEBT..
I cannot stress the word CURRENT any more emphatically..
this stock is not a buy right now.. im sorry.
When I dug through the convertibles it looks like some of them were paid off in cash. id suspect that's where its at. just add up the notes that were paid within the last 10 months in cash and not converted to shares and that may give you the answer.
we all know the ceo's are paid in notes. given they had no way to pay notes until the settlements that gotta be where its being funneled.
doesn't matter how much "powder" people here think they have. it will not be enough to keep the inevitable from happening.
guess we will have to disagree. this stock will hit 4's within 2 weeks. that is my opinion. if im wrong it will be the 1st time its happened since following the stock.
if your looking for a one day flip I might look to put a bid in from 0034 to 0037.. sounds about right..
OR.... just ignore me and buy tomorrow with all that "powder"..
your choice.
im funny? if you say so I guess. but the shareholders for over 5 weeks now seem to agree with me that in fact yes the stock is over valued thus the current 70% tank job from the high just a couple weeks ago. don't think anybody who bought over the last month and a half are laughing either.
id be a little upset with losing 70% in less than a month actually.
SFOR is overvalued.. why..
because they have 4 times current debt to income.. thus..
prices will continue to fall. pretty basic stuff.
luck will not be needed to get 004's and 5's. it will happen and its going to happen soon.
the RSI is helpful for listed securities. SFOR is not a listed security it is on the over the counter market making the relative strength indicator irrelevant..
besides. RSI for SFOR hasn't shown oversold on SFOR in over a year.. not once.. so im failing to understand from either side where that argument is relevant.
you cant chart dilution. those who called bottom last week and the week before that will likely again be wrong next week..
believe me or not.. doesn't matter. I have been 100% correct since day one following the stock. so I believe im in pretty good standing on the subject. maybe i'll be wrong next week.. doubtful but we'll see.
It did not hit 0052 last week it hit it Monday. and like I said you cant chart dilution and you certainly cant use an RSI relative strength indicator for otc stock because there is nothing relative to compare to. it would be a good idea to understand what an RSI indicator actually is before using it in tech analysis..
there is no channel at 006 to 008..
SFOR is not oversold, its over valued. and I will predict this will hit 004 in the next 2 weeks or less which is yet another 50% decline.
hold if you want to. makes no difference to me, but ive been right since day 1 of following the stock. again. if you got profits take em.. or I guess we'll see if im right again.
theyre broke dude.. they owe money.. which simply means you the owners of the company shares also owe money..
Lol.. looks like we might wanna change our tune.
we are joking again right? provided the T/A is not gagged not that it matters really. but it confirms what we already know is occurring that new shares have come into the market.
being as SFOR is better at selling shares via convertible notes than they are software and needs to pay the bills. Nio is on point.
wtf, lol, rofl, pick an acronym I guess but he's simply stating the obvious.
SFOR sales are flat and what they really sell are shares.. why..? they make more money at it.
if we read what I said I wasn't talking about the 2012 10Q..
I was talking about the most recent 10q released just a couple weeks ago.
so i'll reiterate.
10q dated june 30 2016 shows dilution is has and will be occurring for the foreseeable future.
this is not the bottom and this is not going to change until after the dilution is complete or somehow they manage to make enough money to pay the debt via revenue. the current 10Q does not indicate there will be anything currently to stem the debt problem other than dilution. which is exactly what they have indicated they are going to do.
so ignore the latest 10q filing.. got it lol..
this is not the obvious bottom.. that I can promise you.
I see no turn around indicated in the balance sheet.
it shows dilution..
I would disagree. skelter is doing what anyone should do. look at the books. CEO's will always paint a rosier picture and its not like its uncommon for pink sheet ceo's to lie. we all know that.
using what is fact based on government SEC filings vs insinuation from a CEO whos company is swimming in debt...
hmmm ya Id take the filings as should any investor 1st. all DD needs to start at with financial statements. that's rule 1.
the filings 4 years ago are just as bothersome as the one posted a couple weeks ago via 10Q..
this companies story doesn't add up..
what does add up is the correlation of SFOR tanking 50% in the last week. the balance sheet clearly shows what is, has and will be happening. there is massive downward pressure going to be pushed on this stock for the foreseeable future.. this will not be changing and dilution will continue until such time that the company either dilutes away the debt or the company is capable of paying their current liabilities via revenue. the latest 10q does not indicate paying debt with revenue is anywhere near being a reality.
I can almost guarantee you that come the next filing of the 10q it will in fact show that they did increase the os and they did and are currently diluting.
they have current debt. they do not have the ability to pay it. the note holders are going to get their money that I can absolutely promise you.
I never said they would RS.. I said they wouldn't.
I am saying they are diluting. they have already and continue to do so to the tune of over 2 billion shares already.
its right in front of everyones face... 4.5 million in (Current convertibles).. not next years convertibles.. this years..
why would the company lie to the SEC about that? they straight up are telling you.. we owe this amount of money and to pay it we are going to convert that debt to shares...
that IS dilution.. period.
I see 4.5 million in convertible liabilities alone.. that's all going to be stock issued into the os. and that's (currently) yet to be converted as of the filing.
how can anyone pull that balance sheet and not see right away whats going on.. it freekin screams dilution.
1.6 million cash and a whopping 126k in receivables? I mean seriously.. the 10q straight up tells you they neither have the cash or projected incoming receivables to remotely come close to what is owed.
im a buyer around trip zero 6ish for the next pump but I cant see getting in anywhere near this level. if at all really. this is a sell.. take gains if you got em.. even if you don't have gains still a sell take the loss.
that's freekin the craziest thing ive ever seen. on what planet does that make sense. 6 shares convertible to 9.7 billion dollars? what?
I don't even understand the purpose for that. unless its related to voting control in some way.
no need to read again I already saw it. they have 1.6 million in cash. how does that cover the what was it? 8 million dollars in current liabilities?
it doesn't.
stocks that have "plenty of cash" don't take back to back 20% red days the stock is worth less than a penny that's not because the company is healthy. its because they are in debt up to their neck.
you can ignore the fundamentals all you want talk about RSI or say November or whatever, but why do you think they want you to think about November news and to hold.. simple its because they don't want competition. they want to sell their shares and have you hold in anticipation of some forward event.
take profits if you have them that's all im saying. the retail investor will not be able to compete with the note holders. that I can guarantee you.. ive been right since I 1st started following the stock last week at .02 its now plummeted 60%
6 shares of stock convertible to 9.7 billion dollars. I mean I cannot remotely understand what bullet point 3 and 4 are even trying to say.
I read that crap.. and im just like.. What???
member mark, I wanna talk to your arse for sure.
so what im hearing is that we think that all those shares that the note holders converted they already sold all of them? uh.. no..have you seen the size of some of those notes?
it works like this..
a note holder gives the company money at virtually zero risk. when the note comes due they are issued shares at prices the public cannot obtain them at. from that point they note holder now shareholder begins dumping his shares in systematic form to recoup his investment and take his guaranteed gains.
even at 0001 these guys were doubling their money. whats happening now is just icing on that cake. it takes them months to dump all those shares.
according to the 10Q they absolutely do.
the 10Q clearly shows current liabilities at 4 times that of current assets.
they don't have the income or cash to pay the debt so they have to get it from somewhere. meaning more notes will convert to pay it. in other words.. yes.. dilution.
im still trying to understand that pattern and how it actually all goes down. they all look exactly like this.
theres a huge spike in volume following the massive os increase at rock bottom 6 months to a year usually before the spike comes. I don't understand why and how that happens and the purpose.
it doesn't make sense that they would dump all their stock at that level unless its merely to cover the initial value of their investment and then take the larger profits on the remaining shares.
we must be joking..