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Ask ZPaul to explain it for you. However, you stated your background is in the civilian banking sector. You then would know what can be done with what is essentially a $9 million promissory note from ACS.
Don't believe me. Call or email Mark Kay yourself about this. Then kindly report back to this message board. Thank you.
"I would rather pay for the lawsuits (which buys me a right to first refusal) and await the outcome before buying it all. So, you think that is how Texas Pacific Group is playing this hand?
Nope, it has personal identification information. Since you obviously doubt its veracity why don't you call and get it directly from Mark Kay himself! Ask him point blank about "No R/S" still being in effect for the forseeable future. Then post his response here as I have. Thank you.
What a facinating coincidence! The possible implications are quite interesting.
One year chart is great! Ascending triangles are impossible to argue with.
"No R/S" per Mark Kay CEO Strike Force Technologies to me via email 36 hours ago. Email or call him yourself to verify. As far as the trips are concerned the pps held up well yesterday after the weekend poo storm.
It may touch a penny again before catalyst news breaks but the trips are behind us IMHO.
When BR initiated the Microsoft Markman hearing the settlement happened in short order. This is good news, very good news!
IMHO they are waiting for legal victories by BR and R&G to prove the SFOR IP is airtight in court and the USPO.
Also, when asked about acquisitions this year the TPG partner stated "We will be acquiring small, computer software companies in the cyber security landscape" on a Blooomberg TV interview last month. SFOR fits his acquisition target description IMHO.
Good point. My two contenders are TPG & Intel. The reason being these multi-billion dollar companies share the same R&G lawyers as small cap SFOR. Also, R&G's M&A office consumated the McAfee spinoff. Lastly, IMHO McAfee needs SFOR IP to cover their Achillie's heel, a lack of key logger protection. Please review your one pick and the reasons why for newbies to our message board. Thanks!
My question for you is which of the five hands has the firmist grip on the SFOR cookie? I venture to say the one that is picking up the tab for SFOR's legal defense by Ropes and Gray. Mark is silent about how that enormous bill is being paid. Once that hidden hand is the first to know of legal victory they will be in a position of strength. They can exploit that position by making the first buy out bid IMHO.
Please reread ZPaul's post # 163129 dated 5/14/17 and follow the entire message thread to find out that answer. Thank you.
Yeah and don't forget the long term picture, year over year improvement of 40%. That is respectable for any company! Then again I'm a long term investor here. I fixate on one year charts. SFOR's has a nice ascending triangle. I see nothing wrong with that pattern.
What you wrote is a great comfort to me. Thank you. I was modestly concerned about SFOR's burn rate given the Q stated they had $360K available.
With the ability to borrow from the $9 million ACS deal anytime SFOR will have plenty of working capital available until cash flow improves in the second half of the year. Long & strong SFOR!
That 196 million shares in options are the retirement plans for insiders. With that kind of skin in the game they will do their best to make a success of SFOR.
"Wake me up when an R/S happens! Yawn!" Sorry Gold49er' but it appears like you'll be asleep as long as Rip Van Winkle! Last night I sent Mark Kay and email. I asked him directly about the possibility of a reverse split. This morning he replied to me and wrote I could quote him. "No reverse is planned. It is the truth!" People either believe our CEO or they don't. It's as simple as that. I believe him because he has executed on each of the four pronged company growth goals he articulated. Our channel partners are not kicking back. They are doing their jobs. The revenues will show up in the second half of 2017. Like Jesse Livermore, the greatest stock market invertor of the 20th century wrote. "Buy right, sit tight. and "It takes time to make money." Our solid DD caused us to buy right by investing in SFOR, Now it is just a matter of sitting tight. I perfectly understand if the second half of 2017 does not meet some people's timeline. It does mine because I am a long term investor. Long & Strong SFOR!
Everyone glad to read your fact filled opposing point of view. Keep up the great DD and generous sharing with us all. It is much appreciated!
Respectfully disagree. That $360,000 cash on hand reported in the last quarterly report is TEN times what SFOR had just prior to the Microsoft settlement.
Thanks for the history lesson. Things were quite different back then. There has been no R/S in over a year. I take CEO Mark Kay at his word. You don't. End of story.
Disagree with your suspicions. That "wording on paper" is a legally binding buyers and sellers agreement. ACS owes SFOR $9 million NLT 2021. That payment has yet to be reflected in the Qs.
Let's admit it. Without current news, we are all either rehashing past information or speculating on future events. I believe the company is now operating under the onus of an NDA from private industry, US Government Confidentiality Statement (from DOE), or both! Consequently, share holders will be legally kept in the dark for awhile. I believe that time is coming with the WY Mining Conference. Until hard news is released from the conference I am fading into the shadows. Then there will be something very substantial to discuss on this message board IMHO. GLTA until then.
I believe him also. You either believe the man or you do not. It is as simple as that. It's tough not having the most current sales figures since the info cut off date for the Q was 3/31. However, based on the steady, incremental, growth quarter over quarter & year over year I'm confident about increased cash flow. SFOR's efforts in sales and marketing should keep us from running out of money.
$362K is over TEN times the amount SFOR had on hand just before it settled with Microsoft. What's your point?
Your short-term financing from ACS or the non-dilutive line of credit make perfect sense to me!
Agree. However, you're discounting Mark's ability to minimize expenditures and conserve cash on hand. I believe your one month estimate is based upon the burn rate in the Q not what may be going on now to survive until settlement.
Mark Kay comes from a banking background and would be aware of cash on hand. Being conservative by nature he would control the burn rate. We had $360K as of the Q cut off date. That is ten times as much as we had left just before the MSFT settlement! I'm comfortable with that.
By concidence we watched "China Syndrome" Friday night. Your scenario concerns me particularly for the creaking, outdated, US electrical grid. NASA wrote a paper about the effects of the grid going down titled "Space Katrina". At the end of it 90% of us are dead! As usual Gold49er your analysis is not only spot on but in this case I believe prescient!
Unless "Cyber Security is implemented quickly across the entire spectrum a real China Syndrome could happen." IMHO SFOR IP has a part to play in doing just that. Consequently I encourage people to write the WH, CIA and ODNI. Request MFA/OOBA be included in the President's National Anti-Hacking Plan. Mention the little company that holds the process patents on it to help make the US more cyber safe.
You forgot SFOR was down to its last $35K in the bank when they settled with Microsoft. Yes, it was "a hell of a deal" because without it, there would have been no more SFOR message board to monday morning quarterback this because there would have been no more SFOR! What would have beeen a "Bummer" is for SFOR to have continued litigation until it went bankrupt.
Now that is something I didn't think about. Great idea! I suggest you share it with Mark. I've found him open to shareholder communications.
To a degree I understand the flippers. Jesse Livermore, the 20th century's greatest stock investor wrote "You can't go broke taking a profit." That's true. However, with the possibility of a settlement happening any day, I would deeply regret being out of SFOR if that happened. Like you, I am focused on the long term prospects of the company.
Like you I don't believe "SFOR can save the world" However, after todays, massive, world wide cyber attack, I believe SFOR does have something that can help secure its databases, MFA/OOBA.
SFOR has something to contribute to fix these problems MFA/OOBA. What happened worldwide, in 99 countries highlights the need for it IMHO
Why should Kay waste $14K now to pay for a OTC uplist when the NAZ would be a far better place to be in the near future?
It's entirely your call Shalley. If you are truely in a panic about the 10-Q and can't sleep, sell. I know that sounds like heresy coming from me but no stock is worth losing your inner peace over IMHO.
BBC Homepage Report "Worldwide cyber-attack was unprecedented in scale." It affected 99 countries. Monday morning the phones of cyber-security companies, like SFOR, may be ringing off the hook! Know that as a SFOR SH you are in an industry with increasing demand. Friday's global scale attack was a sea change for it. MFA/OOBA and OOBAS went from the nice to have to vital IMHO. Now what little company has process patents on that? Know what you own.
Of course that possibility exists. SFOR or any pink sheet listed equity is a high risk/high potential investment. I have not invested any more in SFOR than I can stand to lose. Nobody should! Each of us has to determine their own degree of risk tolerance.
Sorry for that critical remark then about knowing the due date for the 184K in accounts payable. Yes, you're right about the ACS tab to the best of my knowledge.
I stand corrected but need to see improvement on the bottom line in the 2nd. My patience is not infinite and hard facts & figures may limit it.
Correction, the next Q report has a NLT release date in August not July. Until then I remain long & strong SFOR.