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Nope, it shouldn't be a surprise at all. The 3Q results = more dilution PERIOD. For some that haven't got the math yet...
$9,000 cash on hand (minus) $105,000 expenses this month = dilution.
Could be the dilution machine kicking in again.
Did anyone hear anything about dilution on the WebEx? (I had to long back on numerous times and missed most of the WebEx and will have to catch it on SFOR's Website).
It was announced yesterday. You didn't miss much because people were getting logged off, there was background noise (again)...most people had to call back in several times. I only got about 7 minutes of content from it. The WebEx will be posted on SFOR's site tomorrow or the next day.
MM's signaling to one another their supply and demand.
Not at all! With SFOR reporting $179,000 of quarterly revenue and having a cash burn of $105,000 per month with $9,000 on hand with a PR that was strategically placed to "dampen" a WebEx that will get sugar coated to some degree because of more net losses...I think I will hold for now. Why? More dilution is almost a guarantee.
News out today! See it on IHUB...haven't read it yet...something about a town purchased SFOR products.
Everyone have your questions sent to Kay yet?
That is right...hard answers for shareholders!!!
What are they going to use to do a buy back with...cash on hand is so low? I was in at 4's, 5's, and 6's...I didn't get dinged too bad, but bad enough. It does feel good to be "all cash" right now.
Read my last post if you want to hear my spin.
Likely one more buy at 4's and I am completely out of shares. I had to sell some last week (a situation came up) and SFOR is just too risky for me at these levels. Do I still like SFOR? Yes I do! I'm either going to buy again lower, and I also have no problem buying less shares at a higher price once she stabilizes some...I just need to see more stability with SFOR, and I cannot handle a R/S if it happens down the road. Therefore, I am almost completely out for now and heeding my own advice...if you can't handle it - get out - and that is what I have done. SFOR has changed a lot in the past few months, and I am taking a new approach at it. I will keep an eye on SFOR on a daily basis, but likely won't chime in as much until I get back in (that will make people who don't like me very happy). Best of luck!!!
Thanks Star you are right...what the crap is the low rev about...not even what Kay said (more than Q1 and Q2 combined)???
Don't see it on SEC's website...please post! Thanks!
I was wondering, because he seemed to be getting a bit down on SFOR the other day. Anyway...here is the link (below) to the patent infringement case he was talking about. It appears the Supreme Court was fine with the lower court's decision...nice win for that company.
http://www.reuters.com/article/2013/11/18/us-usa-court-patent-idUSBRE9AH0MZ20131118
You hope SFOR collects or SFOR is denied money from patent wins...please clarify?
Not sure if you mean the WhiteSky litigation or PhoneFactor. Some will say years before a settlement...I don't think so with either of them. I don't think it will be December of this year either. The discovery process is regulated (varies from state to state), the court will not let it draw it out to ridiculous timeframes. I'm guessing we will see WhiteSky cleared up before PhoneFactor. Both seem to be going very well for SFOR.
I never said it was over, I said the dilution has stopped for the time being.
Bottom line, SFOR has become riskier. It really comes down to do people believe SFOR truly has some viable deals in the works or not? The second question is, can SFOR cling on long enough to see some of the viable deals through? If people don't believe it, then it might be a good time to lessen their own position or completely sell. If people completely sell off, I see no viable reason to hang around something they don't like...time to move on. If Blank Rome (2013 Law Firm of the Year) said they were throwing in the towel with SFOR, I would sell everything. They have not indicated anything like that, therefore, I am long and I can hack .0002 if it gets there. Who can hack the risk? If you can't - goodbye!
I didn't bash it down to load the boat, I had a feeling we would test somewhere near 52 week lows again. I certainly hope we do not see lower prices...I probably won't buy anymore from here anyway. I have enough shares/comfortable with what I have.
Some of the MM's loaded up at .0004, and virtually no shares have been traded at .0003. If MM's were scared, they would have already pushed hard into the 3's and maybe into the 2's. Dilution has come to a stand still for now and that is why we are at .0004. A few that are scared are selling off, and a few trying to "bash" SFOR lower to scoop up cheaper shares. .0004 has been SOLID lately.
Supposed to have revenue for Q3 that is above and beyond both Q1 and Q2 combined...not that it is impressive, but they are generating some deals without WhiteSky. I hear ya about wanting more deals already done...I've spoken to Kay about it - and believe me, he wants them done sooner than later. Call him, grill him, write him, or ask him about why some of these things seem to linger. After I did, I understand some of the reasons why. Not long ago, my patience was getting thin, and I had to talk to him. I didn't fully accept some things he said, and then I asked for specifics and got some satisfied answers.
Don't know...if you figure it out, let me/us know...that was crazy!
100 share trade at .004 - obviously a signal from one MM to another.
Pension and Pope...
That is correct about the HUGE amount of mobile devices in use (the trend is still very young). SFOR already has big players wanting a piece of the MobileTrust action. Wish SFOR had it rolled out already. Should be soon!
10 Million on the bid.
What do you suggest is better?
Interesting, but not surprising. Thanks for this piece of info.
I would be very surprised to see revs over $300k. I also don't think it will impact the pursuit of WhiteSky because more shares can be printed (if necessary). I'm betting 3rd quarter results will be available next week (not tomorrow). There is supposed to be strong interest in MobileTrust...I'm betting there will be some huge money thrown at that sometime in 2014. In the meantime, we know what happens with a weak quarter. SFOR, IMO, still has a lot of great things ahead of it, but the rubber has already met the road...for those that can't handle the possibility of this going to .0002, then lessening positions or selling might make some sleep better at night. For those that get pissed if it hits .0002, maybe you should have sold already or bought a boring ass stock like you can get on the NYSE. I'm a little surprised that we haven't seen selling in the 3's already, but we had a couple of days this week of accumulation in 4's and 5's. Today is a sideways day so far...lets see what the third quarter brings us. Everyone be ready with your WebEx questions demanding specific answers. I've gotten into it with CEOs in the past by asking specifics and then demanded better answers as a shareholder...a little tense, but I/we deserve to know specifics (I know info about litigation cannot be discussed specifically, but pilots and "deals" can be more descriptive). Any way you spin it, 3Q will not make or break this company IMO...2014 is going to tell us a lot more about the final direction (dead or staying alive) for SFOR.
Besides the PhoneFactor/Bank news, we should hear something about WhiteSky in the near future as well.
RE: PhoneFactor and First Midwest Bank Corp litigation...FIRST of ALL, SFOR is in the driver's seat now...the cases have not been dismissed and SFOR received favorable rulings yesterday. As for "full discovery," the link below discusses how "regulated" the process is (timing, oversight, etc). This is great news because if SFOR filed claims that weren't legitimate, SFOR would have been sent home packing. I'm not going to speculate how much SFOR could get from PhoneFactor and FMBC, but what is just as important is the case law...it will go in the law books in SFOR's favor and set the precedence for future licensing deals/other litigation. Again, see the link below on how the process works for discovery.
http://definitions.uslegal.com/d/discovery/
Right on Pension!!!
On one hand I definitely hear you, on the other though, SFOR has been in the development and tweeking stages for a long time well before cyber attacks have come to the forefront (only in the last couple of years). The market for NEW methods against cyber attacks has just begun...SFOR thought the market would have been ready a couple of years ago. Hence where we are today. Maybe we should talk about market cycle...
In comparison...NASA spent billions of dollars (money they didn't really have) well before BLASTING OFF. When SFOR blasts off, will people be ready to go for the ride (and just as important of getting on board is getting out)? We will experience some turbulence, but we will one day hit new highs. Today's news is just one more feather in SFOR's cap! Many more to come!!!
Litigation NEWS Per Kay...
The status of the Out-of-Band Authentication Patent Complaint vs. Phone Factor/Microsoft, First Midwest Bancorp and Fiserv had a favorable decision today. Since the complaint was filed about eight months ago, Fiserv was released from the complaint by our attorneys and we were waiting for the Judge to opine on whether FMBC could be dismissed from the case or not. Until that decision, the discovery process was on hold. Now that the decision was made today as stated below, we are preparing for a full fledge discovery process in our case vs. Phone Factor/Microsoft and FMBC that we see as very important progress. Today’s announcement is the following:
“The Magistrate Judge issued a report and recommendation that FMBC’s motion to dismiss be denied. They have 10 days to seek review by the district judge presiding over the case. If the report and recommendation is adopted by the district judge, that will clear the way for the commencement of discovery.”
Give me a second or two...NEWS out!!!
Bull, do you think it could be confidential settlements that occurred?
3Q could be out tomorrow or Friday. A lot of people are predicting revenue between $250k to $300k. We all want it higher (of course), but if it is between $250-$300k, do people here think the numbers are Okay, a start to an upswing, or not good enough?
Almost 100,000,000 shares under accumulation (yesterday and today).
Over 75,000,000 shares accumulated (bought) at .0004 and .0005 yesterday and today.
5's getting bit on pretty good!