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PR's spike the stock for a day, revenue makes it run. They have no revenue!! Amazing that all you "chart readers" cannot grasp that simple fact.
The CEO is quiet because he has no good news and BS news will not help him. I sit and watch every week the stock goes down 10-20% and all you guys wish for is a BS PR release.
for this to run...they need FFFFFFFFFFFFFing revenue!
By the way, it was not long ago, last year, that this was a legitimate stock. it has gone crazy downhill, crazy fast since they acquired Veloxum. Pure Poison
finally a lucid post. THey are diluting the sh-t out of the stock because they have no revenue and need to sell shares and guarantee shares to fund payroll and business ops. that is not going to change even post split.
this company has no chance if it cannot get revenue run rate to above $2mm. if it cannot, it will do this rinse/repeat on selling shares to MM's and try to figure it out.
this will RS and could again within 12 months. They have no chance if they cannot get their revenue going and so far it is proving to be an unsolvable problem.
Forget about press releases (most are pure BS like the PC bangs one) and focus on revenue. if they cannot get the pump going they are dead.
No agenda. This one is a loser for me, but I still have the shares and will keep them through the RS. The split will not help the "optics" of the company. A big partner will not do business with a 2 cent stock or a 2/10ths of 1 cent stock. It severely limits the companies options and forces them to try to land long shot very very low probability deals like the PC Bangs thing they are chasing. It also forces them to issue a lot of crap press releases (like the PC Bangs one) where they give you a sliver of the truth but are highly misleading.
I told you all they would RS this stock several weeks ago. They are running out of options and the RS doesn't clean up there balance sheet, give them new sources of revenue or financing. As long as this is positioned and targeted at the PC base this will be a loser. The world is going mobile, has gone mobile, and they need to crack that base. The technology works for mobile, they just don't seem to have a vision for it.
For me this is a learning process. I will lose money for sure, but gain some knowledge. All in all not a bad outcome
Skichic you are delusional. first of all do you really believe the PR's that are coming out? Come on! they will not do $150k in revenue per quarter. that is why the stock is 2/10ths of 1 PENNY
hey Purefree that was pure speculation and guessing on his part. this company does not have $2-$3 million in revenue, not even $500k. The CEO is going to get diluted to a 0% ownership so he is going to take drastic action. The company is trying to do deals, but they are a PC centric technology and it is tough to do deals with reputable solid partners when you have a share price of 2/10ths of a penny.
shame, nice technology, just maybe too late to make a difference and not enough capital to compete for mobile users. their only hope is to leverage partners for distribution and again, big partners would see their financial peril during even cursory due diligence and pass
Hey Track, you are incredibly consistent. Through 3 RS's in the past 2 years you are consistently "long" on this POS. It is on its way to .0001 (which is officially called home) and then finally they will chapter 11 or 7 and either close it or wipe all the debt away and recap the company. the problem, the inherent problem, is that they have no revenue and are not getting any new partners. 1 remaining partner is all that they have. the mobile story and PR's over the last 2 years are all BS, and the market will not support a company that is a financial scam.
Keep accumulating, the sellers need buyers on the way back home.
Boy I hate to say I told you so...but 3-4 weeks ago I said that they were going to RS the stock and everyone (NIKITA) ripped me. I also said their revenue was not growing and that they have other issues that could tamp down prospects in the USA. I think we will find that is also true and finally I said that the PC Bangs experiment in Korea is just that, an experiment and not a full roll out program.
this company has fundamentally good technology but today it is PC focused and not mobile or enterprise focused even though the technology is compatible with both those markets. If they are banking on the PC platform then they are going to tank.
SFOR is almost all the way back to its home...which is .0001.
TrackWizzard, you should be elated that this is going back to RS land and your 1 share is safe and secure...
Of course it is dilution. DID ANYONE READ THEIR RESULTS?? Their results were especially bad, even after the CEO said they would be 2X the prior quarter. This is not a shock. The only way the company can pay bills and salary is to sell shares and when they do the MM's get a huge discount to the current price in additional shares. The company is fortunate that the price is not in the triple 0 range yet...but it will be, then it will RS but with no revenue it is just a stall tactic. The problem is revenue and all you dreamers waiting for some big press announcement are delusional.
Hey skichic you can wish great news but it does not make it true. The stock is at an all time low for very real reasons
SFOR about to descend back to trip 0's again. Post the last RS from a few months ago (their 3rd in the last 20 months) the stock is down 98% on the way back to .0001
This company is fake. Bad technology bad mgmt and no revenue. A few times they stumble into a good partner deal only to get the boot. The CEO has publicly lied on this forum, in the webex sessions he used to hold.
16 year old company. $36 million in losses, $12 million in Preferred debt on the books, about $200k in annual revenue and they RS the stock every 8 months
If you owned 10 million shares 20 months ago today you have 10 shares at .0022 or 3 cents in holdings. They have not filed Chapter 7 because the 3 management continue to take money every month
Korea test is a 1 shop test. Company needs to issue shares to pay bills and pledge shares as collateral to cover loans with the shares highly discounted. If the coming 10q is not stellar this will be a trip 0 stock and 100% RS probability. Seen it more than a few times
Hey Comb, this is a paid for advertisement that SFOR puts out every month. the title changes, but basically the same BS. they have been doing this for years, somehow the management thinks that this gives them credibility. crazy
Get your facts straight Nikita. I posted that I THOUGHT the company would RS, it feels that way to me given their need to issue shares at a big discount to get day to day funding. I said I heard rumors that they have a POTENTIAL legal issue in front of them and I NEVER posted that they will remove or have to remove the product from the US market. that is all. Stop reading into the posts, just read them
I cannot tell you who told me NO. there are several large players in the optimization space doing combined hundreds of millions in revenue. it was a Sr. Exec of one of those companies that gave me the info, not once but twice
Nikita, that "game changer" was almost 4 years ago. Since them the automated software has not generated $250k in revenue. something is wrong on the distribution side or the software that was once game changing has since been passed by. not sure which frankly
I have had the stock a little over a year. Not a great experience. They have to be able to get some lift from the optimization component but that is a very highly saturated market with dozens of players who are all established.
They are going to have to take more highly leveraged money which is going to create tens of millions of new shares, which is going to drive the price down which will lead to a RS after the CEO protects himself with some new Preferred share scheme. I have experienced this pattern twice before with cheap stocks, part of the risk.
I hope ABHI can break the pattern, but I think it highly unlikely
given their history it is either a local gas station that wants 1 seat license or another MLM schlock house that is giving 10,000 shares of worthless SfOR stock for every new consumer that signs on. And those would be really aggressive campaigns by this POS company.
You make some very good points. Still, they are going to RS this thing to get it right sized once they stabilize...if they ever stabilize which is still largely unknown. We will see, but this is not going to be a race horse anytime soon. It is selling at .005 for many very good reasons and the number of companies that ever recover from these depths is the rare exception and not the norm. Bums me out, I thought this had real potential.
You can find it on their website. Single store test, handful of machines. then a Press Release that says it is a $40+ million dollar market and you are left to assume that they will get this entire market. when companies start relying on this type of subterfuge to confuse investors it is not a good sign.
this stock has gone straight down, dilution of +400%, and several vague "feels good" PR's they have nothing new.
I don't like it, but I like being misled even more.
Not to rain on everyone's parade but the Bangs market in SK is big...but ABHI has a test in 1 location with 10 machines or something like that. They don't have a deal for thousands of devices or even dozens. The company stock in the last 6 months has gone from .15 cents to .005 or a decrease of 97% +/-. WHY?? They don't have any revenue and I keep hearing they are going to have significant legal trouble on the optimization market. There are always iron clad reasons why a stock sells at this price.
Last thing, most stocks that get to this price have to RS to get their share price back under control. The common shareholders (all of us) will get wiped out in an RS event which I would think has a +80% probability of happening by Q1.
I don't envision any "big" news coming out any time soon.
Right good call Stargazer. 2 more years and 3 more RS's. This is a garbage dump company. Incompetence at the top. 15 year old business has lost +$35 million, has $11.5 million in preferred debt, a $10 thousand dollar market cap and only loses about $400 thousand a quarter on $70,000 in revenue (and shrinking)
This is the greatest "next year" stock ever. But next year has never come. If you are hyping this company then you work there and your primary job is to troll these message boards looking for idiots to invest in this POS
Hey guys you are not fooling anyone with your chatty banter back and forth. 3 R/S's in 18 months, and the stock in the last month "post" R/S is down 94%. So your chatter about their new partner, products, etc is just that...chatter.
They are getting no downloads in the mobile app stores, their product is iffy at best, and even though they issued the BS press release that they have signed a letter of intent to sell the company at $10 million valuation sometime in the next decade the stock still fell. WHY??? Because the preferred debt is over $12 million which means even if the acquisition BS were true, shareholders would get NOTHING.
This is a pure play scam. This is not a new company or an emerging company. it is a 15 year old company that has R/S'd their stock 4 times now. If you invested $1 million of cash you would have 10 shares now worth 6 cents.
So the back and forth between you 2 tells me that you are probably the CEO and the Sales guy from SFOR trying to drum up some idiots to buy this POS.
How is that for chatter??
there is talk in Silicon Valley that they are going to have to pull the PC product from the US market, some sort of rights issue. not sure, digging and will let you know. that is what is crushing this stock
this is priceless the manipulators of this POS wont let this get back to .0001 yet so they have these phony prop up purchases. Sure the company is getting "acquired" for $9mm, right... the stock price really reacted on that fictitious news. probably the most blatant lie the CEO has come out with yet.
Has anyone heard rumors of a big lawsuit that will be filed against these guys?
Hey Olin, when you raise public debt and do RS's you have to file. otherwise the scam stops and you can be held personally liable. But if you stay current on your filings you can steal for years and years. Look at SFOR. A 15 year old company in the 900 Billion dollar WW software market and they do $60k per quarter in revenue. cumulative losses approaching $40 million, but management never changes. You think this is real?
Yes I am Mark, yes I am
Nice try Mark. license deal with a $300k loan and they MAY purchase for a fixed price. the $300k will be on the quarterly financials as an unpaid obligation in a year. Not a mainstream company, not a mainstream technology and they don't have the money to make the mobile apps anything in the market. but Mark I have to hand it to you, very creative. Like your PR a few years ago that shouted "Guardid now available to all 1 Billion Windows users". that also was a Big deal, and it got you about 100 sales.
This company is not worth 9 dollars much less 9 million. and by the way, if it actually sells for $9 million Mark you should make sure you tell the common shareholders that they get NONE of that money, it all goes to the preferred debt holders so nobody on this forum should be surprised if this goes back to .0001 because the shares are 100% worthless
Expert, hmmm. Not as much as you Mark Kay. To understand the totality of the scheme here is not simple. But at its most basic it goes something like this:
1. Set up the public entity in Montana or Wyoming
2. Issue 3 "super" shares that control 80% of the votes of all share classes
3. release inane meaningless PR every month
4. Release fraudulent financial statements quarterly
5. File meaningless lawsuits to provide a basis to keep the entity going
6. Use contingency lawyers so that all the cash generated from share sales goes into your own pocket
7. Pay nice salaries for no work
8. Sell + 20 billion shares of worthless stock, RS the stock 3 times in 19 months, lie about the prospects and get the MM's to start scamming there consumer accounts
9. start all over again.
only a nitwit would unabashedly tout this stock, and you are too smart to be a nitwit. which means you have a meaningful participation in this scam. Hats off to you, but at some point gravity and reality will kick in.
2 weeks post RS, stock down 92% and on its way back to .0001 which is called HOME for SFOR.
How many more RS's Mark? How many more people are you going to scam before you shut this down? haven't you beaten the odds already, haven't you made enough selling shares and taking a salary for doing nothing but posting on this board? How many more RS's Mark? Surely there has to be more lucrative scams out there than this. What you need is a sustainable 10cent stock, that would be great. But SFOR, come on, it is over.
Mistererovi don't let Stargazer get you suckered into a debate. He cannot debate, he just keeps parroting SFOR forever. He is really Mark Kay, CEO and Chief Scammer for SFOR>
2 weeks after the latest RS and the stock is already down 93%. candidly it is higher than I thought it would be. By Halloween it will be back resting comfortably where it has been for most of the last 3 years... at .0001.
Another RS by Christmas? What do you think Mark, I mean Stargazer?
And you Mr Mark Kay should have another martini and celebrate this long running scam. You have hit a home run
Hey Stargazer why don't you just tell the truth? You are glad you held on?? You got wiped out just like everyone else so help me and the rest on this forum understand how you benefitted from getting wiped out? Or as CEO of this POS company are you finally willing to admit that because of your super Preferred A share you don't care if everyone gets wiped out because you still retain 80% voting rights. 3 RS's in 18 months, 20 billion shares washed down the toilet and you are here chirping that you are really happy that you stayed in. Just admit that you are the CEO and are shilling to get suckers to keep buying worthless shares.
remember everyone, next RS is probably going to happen in Q1 2016
Just seems unbelievable that this can go on and is acceptable to regulators.
If you had 1 BILLION Shares of SFOR 18 months ago today after the 3 RS's you now have 1 SHARE.
Has there ever in the history of the OTC been a stock this bad? SFOR will be under a penny in a few weeks, then 1/10th of a penny and then back to trip 000"s and it will all start over again.
My broker told me that they settled some small lawsuit but then got only a fraction of the settlement amount. this is supposed to be a lawsuit play and not a real company play. Seems dicey to me and my ongoing concern is that once the 3 management guys get used to not working and just selling shares there is no real company. they have to report Q2 in a few weeks. likely revenue is down again and another +$1mm loss for the quarter. the only way they make that up is by selling shares.
Slimy company, slimy CEO
It seems surreal that SFOR can RS again for the 4th time, 3 in the last 18 months. They have sold more than 30 billion shares, they still have $12 million in debt that will wipe out all future shareholders, they have bogus lawsuits, etc. etc. etc.
Why not just file bankruptcy and completely fix their balance sheet and get out from under this mess? Because screwing and stealing from shareholders is less stressful and requires much less integrity than actually doing the right thing.
Mark Kay, the CEO, is a dead cold thief. He knows it, we all know it. In a few short days, post the most recent RS, they will be back to stealing on a daily basis.
Remember this... if you owned 1 BILLION SHARES of SFOR 16 months ago, when they RS this week you will be down to 1 share. That is NOT a misprint. From 1 BILLION shares to 1 Share in 16 months.
yeah...this is a legit company! right!!!
You are right of course. One day, if you are really fortunate, that 1 share might be worth 1 whole penny.
Here's hoping!
Track you are so full of s--t. But I love the way you stick to it. Your share will be worth .10 cents for about 30 seconds when it splits, grab the money and come over from the dark side.
Touche Star, witty response. what are you going to do with your 1 share?