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Here’s a post from “elsewhere”
Maybe it’ll stay up longer here:
I actually do know Mark. Well, that is to say that I know him about as well as anyone else who has spoken with him several times over the phone.
Want to know what I know of Mark?
My experience with Mark has me believing that he’ll feed shareholders suggestions and innuendos that have yet to see follow through or are able to hold up to any scrutiny. In fact, if you scrutinize anything he tells you directly with him during your phone call he becomes agitated and outright rude.
Example?
Sure;
Several months ago he and I spoke. He told me about both BIG and small deals. Not specifics, rather just that both types of deals were in the works. Mark Kay has gone further on Twitter to claim these deals are signed.
Months later when a 10Q came out, and then the 3rd Q financials came out, there was no hint of either deal type.
On another phone call, I was interested in operational cash levels. Appeared to me that SFOR, according to 10Q and 10K trends, were going to be out of money, if they weren’t already.
Mark told me “operating cash isn’t a concern. We have plenty”. He implied that deals were keeping cash in the bank.
When the next Q (Q2) came out, it turns out that they had in fact needed operating cash. The 10Q also showed that ZERO deals had supplied enough operating cash to continue so what Mark did was enter into potentially dilutive convertible debt during the quarter. Q3 has subsequently been delivered and AGAIN, there is no indication of revenue from cash flow. SFOR’s cash on hand is the balance left over from their Lawsuit Fund loan.
I discovered that when I’d call Mark and contrast his statements to me to actual events he’d become agitated and rude.
So that’s what I know of Mark.
What else am I supposed to know?
As part of my DD prior to buying my first shares of SFOR in early 2016 and ever since, I’ve discovered that Mark, on a regular basis, issues press releases that haven’t materialized into facts of revenue in 10Q’s or 10K’s. I’ve also seen, read, or heard of Mark Kay telling shareholders different things that simply haven’t been true. In essence, I believe he’s mislead shareholders both intentionally and as unintentional misspeak.
So? I don’t personally like Mark. I do not believe he is a shareholders CEO. I believe he is a preferred stockholders CEO. I like SFOR’s products. I love trading SFOR’s stock.
Who can change this opinion?
Mark can. He can become more transparent and actually back up what he says with results.
Remember, it was Mark Kay who in April of 2017 (and since) who has been quoted as saying that 2017 will be the year for “meaningful revenues”. It was Mark Kay who is quoted throughout the year saying “There are big deals and contracts, we are working on them”.
Go check Mark Kays Twitter feeds where he tells investors MONTHS AGO that SFOR is on track with previous projections for the year.
Well?
Where are they Mark?
I’m currently long SFOR’s stock. That means I’m bullish. I bought back in about a week ago in the $0.009’s. I didn’t buy back in because Mark has changed my opinion of his SFOR stewardship. I bought back in for two reasons:
1.) I believe the stock is priced at pre-catalyst prices
2.) who knows? Maybe just one time, while I own the stock, Mark Kay will adjust my elevate my opinion of him with follow through and execution.
One thing EVERYONE investing in, or trading SFOR stock needs to keep in mind is this:
With Mark Kay, for the last several years, he always says it’s “next quarter” or “the second half” or “next year” will be exciting for SFOR’s shareholders.
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I’ve been a buyer since the $0.0090’s and I’m a buyer here...
(Your welcome)
It wasn’t pointless at all.
It said they settled.
It also said that they did not pay Entrust anything.
It does not say whether or not Entrust paid SFOR or if there are any licensing agreements between SFOR and Entrust going forward.
What it says is that it was settled with prejudice which simply means that SFOR can never ever ever ever sue Entrust again.
Is there a payment coming from Entrust?
I don’t think so but don’t know.
Are there licensing or partnerships between SFOR and Entrust?
I don’t know but I doubt it.
One thing I do know is that SFOR didn’t have to pay Entrust anything which is a huge burden off of the company’s back...and I believe that will lift the stock.
Think about it:
If SFOR was so wrong in suing Entrust, Entrust has spent 10’s of thousands or 100’s of thousands of dollars in their efforts and they couldn’t pin any of the costs onto SFOR.
THAT MEANS that other companies who are being sued by SFOR need to look at their legal fees...
Sure, they may settle too, but the legal fees they are paying stand the very real risk of being a total loss. A loss they won’t be able to pin on SFOR.
The 8K wasn’t glorious in the fact that it doesn’t specify much beyond the fact that SFOR didn’t pay anything to Entrust and SFOR cannot sue Entrust again....but it is glorious in stating that SFOR didn’t pay Entrust anything which means it cost Entrust 10’s or 100’s of thousands of dollars just to walk away.
What did it cost SFOR?
Well nothing really... that $3 million dollar loan is almost entirely contingent on accretive settlements.
The 8K isn’t my “dream” scenario...but damn, it’s going to be scary for other companies who think they’ll countersue SFOR and spend THOUSANDS just to walk away.
SFOR=Patent troll.
Throw Crap against a fence and see what sticks...only SFOR is throwing crap against their neighbors side of the fence so at the end of the day, SFOR’s side of the fence looks nice and clean and they get to walk away with no “cleanup” charges
Who has his info?
I am
Tired of this corruption
Hey Jimmie?
Mannnnnn
Your lower intestines are about to turn inside out.
Zpaul?
Mr “I don’t care about the day to day movements” himself?
Yeah
You’re gonna care about this movement:
Here is what happens when a whole bunch of people who don’t know the difference between an 8K and a 10K and couldn’t read either happens:
BOOM!
Sucky 10Q
And that’s why the stock has cratered and will crater:
Sub penny?
Why?
Because Mark Kay...he couldn’t run a shoelace through a hole
Ohhhhhhh
I smell a stanky 10Q coming
Lol
If you don’t sell into this
Then you’re an idiot
Ever ask yourself;
Where’s the 8k
Where’s the PR?
You only have yourself to blame mrdrifter
And thank god you didn’t heed my buy call at $0.0056
And thank god you won’t need my sell it now call
Nice hat tho
Kay is the absolute MASTER of The Wall Street Calendar Shuffle.
He says “by the third quarter” and knows that if there is anything decent he won’t have to announce it til Q3 comes out halfway through the 4th Q.
And if nothing good happened and all he did was sign you longs up for more convertible debt during the quarter that you won’t get to see it til sometime mid-late November.
So he says things like 2017 will be our year for meaningful revenues.
Pretty sure that’s a direct quote.
Well, 2017 goes right up to December 31’st AND THE 10K for the year isn’t due out for up to 90 days or 105 days with an NT10K.
That means if all Kay did was sign you guys up for more debt and not produce any meaningful revenue or contracts or deals then you won’t even know it til the end of March or middle of April.
It’s the exact same move he made last year.
Told anyone who’d listen that “next quarter, later this year” and when the 10K finally did turn up, it showed a devastatingly bad 4thQ and absolutely wretched numbers.
Serious traders and serious investors get sick of this Wall Street Date Shuffle real fast.
Where was SFOR as the 2016 10K approached? It was in the $0.024’s and $0.025’s coming down off the 52 week high of $0.0295.
Where is it now? Barely holding on to $0.008’s.
Like it or hate it, it’s the truth.
Mark Kay needs to either start being legitimate and transparent and show longs/traders/Bulls/bears that he’s a man of action and not just a con man who’s either willfully misleading people, flat out lying to them, or misrepresenting SFOR’s probability of success in what would be tantamount to fraud.
Put up or shut up Mark.
For the record; some of you are like “ohhhh one day you like SFOR, next day you don’t. You just want cheap shares.”
You’ve got it twisted...
When I said SFOR was a buy it’s because THE STOCK hit my support areas twice AND secured a loan.
The stock went from $0.0056 to $0.01 and has floundered since.
I like the STOCK when it’s a buy. I don’t like THE STOCK when it’s weakening.
As far as SFOR goes though, as far as my respect for Mark Kay goes, I think my opinion is probably pretty clear.
I'm not claiming R/s or dilution.
Why do you even keep responding to that crap?
Says more about you than SK regarding SFOR.
SFOR is a POS company!
Period
It will always be a gamble to buy SFOR above $0.0001 because they never make any money.
This lawsuit business?
If it were going to pay off the stock would show it...
The stock is falling
A blip of green today and now red ...
Why?
Because there are no secrets on Wall Street.
If there were a hint of a win, someone somewhere would tell something "pssssst... SFOR blah blah blah"
But that's not what's happening
SFOR is falling...
Why?
Because someone somewhere told someone else "SFOR has nothing"
You're going to hold it to the bottom no matter what smart people tell you to do...hope you have fun with it
Don't confuse DCPA with facts about SFOR.
SFOR has a new product out.
They're trading cards (aka stock certificates)
I'm sure that somewhere between writing blogs about how awesome SFOR is and trading playing cards (which have all lost value like SFOR) he's too busy
Kay called me today...
Called me back actually.
The guy is so full of crap.
I was happy to tell him I've traded his stock and never once have believed a word he has said.
The guy is cheaper than his company stock
AKA "holding and losing daily but telling my spouse and friends/family" that "any day"...
But meanwhile
Losing
Told to sell a while ago...
You argued against it.
Told to trade it @ $0.0056 and sell in the $0.008's and above
But...
NOPE!
SFOR?
Let me explain something to anyone reading this;
They claim to have signed deals and contracts...
Well...
That's awesome right?
Sure it is...until you look a little deeper into SEC rules.
You see, the SEC (SFOR is a fully reporting, SEC compliant company so they must abide by what the dude says...the dude says that (paraphrase) "if you have any dealing which substantially alter the financial condition of your company one way or the other, it must be reported within 48 hours"
Since SFOR hasn't reported anything via an 8k regarding deals, then we can all rest comfortably with the knowledge that NO DEAL HAS BEEN SIGNED and NO PENDING CONTRACT EXISTS which materially changes SFOR's financial condition.
What that means is this:
SFOR may have a deal out there BUT SINCE A PROFITABLE DEAL would MATERIALLY CHANGE SFOR's condition then ANY DEAL THEY TWEET ABOUT just means more of the same
"Deals that don't look good on paper but mean SFOR will still continue as a revenue deficient entity (aka "going concern")
So...
Quote all the tweets you want
Quote all the Kay-ism's you'd like
Until SFOR posts an 8k their revenue will be under $80K while their COR (cost of revenue) remains in excess of $480k.
That's why SFOR's shares tank and will tank.
SFOR is not a revenue play...they've had SIXTEEN FREAKING YEARS to show revenue potential...
Kay is a fraud.
Kay is misrepresenting potential and he knows it.
I recently sat with a CEO of a burnt out penny stock.
He sat across from me and claimed to be the victim of third party debt.
I can't wait to sit across from Kay and have him claim the same thing as I push a collection of emails between he and I and third party investors in front of him and listens/watch as he tap dances like a cat on a hot tin roof.
In one more month you'll have nearly nothing
Kay "effed" you all
I told you all
Trade it
Yes
Lol...
Go to OnebotGlobal.com and see for yourself what WhackjobWilly is up to now.
He's apparently abandoned the aerospace/water purification/MRVB/beer koozy industries altogether and opted to sell Onebot E-Bikes in Florida.
Lol...
If Onebot Global ever registers securities (I've looked, they havent) I'll short the crap out of for you guys.
Lol...in one of the pics it looks like Whackjob Willie has put on some weight...he must be eating pretty good and some of your shares probably pay his tab.
Too funny.
LOLOLOL
if you're not buying SFOR right now hand over fist, you're an idiot.
I don't like Mark Kay.
I don't like the way SFOR does debt.
Personally, I think their product is crap.
I've spoken directly with Mark Kay.
He turned away a marketing opportunity that I lead him towards which I felt was a golden key to the West Coast...no big deal.
What this 8K is, is generational dilution.
In other words: Investors we don't know will wonder why SFOR's stock is tanking.
There will be a few "posters" who try to explain why and they'll be met with the usual crowd of brand new "long and strong"
BUT RIGHT NOW:
Financing for 2018 and 2019 is answered!
BUY SFOR.
THE EOY FINS WILL NOT BE OUT IN FEBRUARY!
it cracks me up.. people who don't know regularly have an opinion about what they don't know.
The "EOY FINS" are also known as a 10K.
10K's are due no later than 90 days after the fiscal year end date.
SFOR's FYE is December 31st.
10K's (which are often confused as 4Q's by people who don't know) are the ONLY financial periodical WHICH MUST BE AUDITED.
Because they must be audited, 10K's are granted 90 days versus the 45 days for a Quarterly report which does not have to be audited.
Many companies choose to audit any quarterly report and have the funds to do so.
The SEC recognized long ago that requiring Quarterlies to be audited can cause undue financial strains on smaller companies.
The SEC also recognized that companies should not have to file a 4Q and then file a year end or 10K.
So they rolled the 4Q into the 10K and now companies, even though they have 4 Quarters, only file a Q1, a Q2, a Q3, and then a 10K.
The Quarterly periodicals are due no later than 45 days after a quarter has ended. The exception is if the company files what is know as a NT10Q. This typically means the company cannot file the Quarterly without causing financial duress.
With a NT for the Quarter, companies are extended 5 CALENDAR days extension.
10K's are due NO LATER THAN 90 DAYS AFTER the company's FISCAL YEAR END (FYE). Again, the 90 days is to allow for auditing.
If a company cannot file before 90 days has expired, they can file a NT10K. The NT allows for a 15 CALENDAR DAY extension.
So...
SFOR does not have to publish their FYE (LOLOLOL also referred to here as their EOY) 10K until MARCH THIRTIETH ...NOT FEBRUARY FITEENTH!
And if SFOR FILES A NT10K
Then they have (LIKE THEY DID LAST YEAR) until APRIL FIFTEENTH to file their 10K.
I'm not asking you to worry...
I'm not even implying you should be worried.
It's a penny stock.
It's not even actually a penny stock.
It's a micro penny stock.
What I know for a fact is that there have been a 1000 of you since SFOR began trading on the pinks and with enough patience, they've lost everything.
But you're different right? Right?
If you've invested enough with SFOR to actually worry...well then...lol.
Don't get me wrong DCPA...I trade SFOR and love the potentiality of the lawsuits...that doesn't mean I'm going to sit on a trade like others as it sinks deeper and deeper red to the point where any good news makes the stock jump just high enough where I maybe break even.
That ain't trading...that's "hobbying"
Have fun.
You're right!
It is all speculation and conjecture and opinion, ESPECIALLY down here in the pinks.
The best thing you can do is trade it and have fun with stocks like SFOR.
What SFOR is NOT, is some kind of retirement plan.
People are spending hundreds of hours per week or month ARGUING why their metaphorical "lotto number picks" are legitimate winners someday. You've got the other side of their argument spending HUNDREDS OF HOURS telling them that their lotto numbers are garbage and explaining why.
It's lunacy. It's a lunatic waste of time.
SFOR?
They'll go down and retest that $0.0056.
I believe they'll linger there as MM's do what MM's do and get people to believe that $0.0056 will hold again.
Then I believe they'll crush SFOR to $0.0040 (these support lines I've detailed in previous posts over the last two weeks).
That'll be about the time Q3 draws to a close and either Mark Kay will produce an 8k announcing that something exciting actually did occur in Q3 or he won't. If the latter occurs, they'll bust SFOR down the to $0.0020's.
Of course...if any news comes out and it's great news for SFOR AND AND AND GREAT NEWS for SFOR common shareholders then we will never see the $0.0040's and needless to say, not see the $0.0020's.
If not... tick tock, tick tock.
$0.0056 held.
Big buy at $0.0058
Stop out at $0.0054 because if $0.0054 hits it means my support call at $0.0056 failed to be support WHICH MEANS (for any of you paying attention) that the very low $0.004's will be up next.
If those fail, then there's literally no support between $0.0040 and under $0.0020.
Now if Kay were to come in then my newly minted $0.0058's could make me a lot of money.
Sorry so many of you needed to go so far upside down. While you're barely breaking even with any news, I'll be earning 100's of %'S in pure profit and don't think for a second that I won't sell.
OUCH!
$0.0063
ZERO POINT ZERO ZERO SIX THREE!
For my Spanish speaking friends (I live in San Diego so I do my best to accommodate)
CERO CERO SEIS TRES !
0,0063
Lol...
This carnage is actually making me laugh.
Poor suckers won't sell.
They'll ride this thing into the dirt.
Reminds me of an old joke
"How far can we go?"
"All the way to the scene of the crash"
Too freaking funny.
Top 10 reasons not to sell:
1.) I believe Mark Kay
2.) Ropes and Gray
3.) Blank and Rome
4.) ACS
5.) HSN
6.) Amazon
7.) Target
8.) Staples
9.) mystery channel partners
10.) fear of selling for a loss right before something awesome happens
Top 10 reasons why the top ten reasons not to sell are a joke:
1.) Mark Kay has literally lied to anyone who's ever called him or emailed him and then covers the lies with "deals this big take time".....ummmm it's been years... how much time do these deals take???
2.) what if they resign as counsel? Happens all the time
3.) what if they resign as counsel? Happens all the time.
4.) SFOR's total revenue for Q2 was $58k. Accounts Receivable dropped by over 70%.
5.) SFOR's total revenue for Q2 was $58k. Accounts Receivable dropped by over 70%.
6.) SFOR's total revenue for Q2 was $58k. Accounts Receivable dropped by over 70%.
7.) SFOR's total revenue for Q2 was $58k. Accounts Receivable dropped by over 70%.
8.) SFOR's total revenue for Q2 was $58k. Accounts Receivable dropped by over 70%.
9.) There are NONE... read the 10Q Where SFOR very clearly defines how many people they are doing business with. They very clearly state that their revenues come from 3 clients.
No mystery.
No hidden revenues
10.) this is why you're holding and not just holding, but watching losses grow and frantically scouring the web for any positive thing that somehow rationalizes holding and rationalizes massive losses.
HAAAAAAAA
OMG!
Seriously?
SFOR:
2.3 billion shares.
Trading at $0.0066
That's a market cap of $15 MILLION
it's too funny that people here ACTUALLY THINK ANY COMPANY that had $58 THOUSAND in quarterly revenue but spent $580 THOUSAND to make $58k is actually worth $15 million.
Oh?
Lawsuits you say?
Nations best law firms?
Oh cool.
Channel partners?
HSN?
When will it stop?
SFOR will stop going down when
1.) Mark Kay stops proving bears right by financing the operations with Convertible Notes which are dilutive
2.) Mark Kay actually starts putting out legitimate press or 8K's that define accretive deals that actually earn money
3.) or when SFOR's share price actually reaches equilibrium with their revenues which is less than $0.0001
You longs
I'll hand it to you...
You may very well get some great news
But you may very well also see greater losses before you do.
We all love those stocks we buy and gamble on and they earn us 1000% profit.
SFOR can do just that.
But what if SFOR is trading sub $0.0010 and then that day comes and it's good news and SFOR skyrockets 1000%
I'll be there.
I'll own SFOR.
The difference between me and you is that I won't ride SFOR down just to break even when it pops.
I'm not so afraid to not own SFOR that I'll watch losses grow to embarrassing levels.
Seriously? How many of you are actually embarrassed with your massive losses with SFOR as she tanks daily?
All because of what? You were too afraid to sell because you'd miss some boat?
Lunacy!
You deserve your losses. You've earned them.
SFOR?
I've already outlined their share price direction.
I will not own SFOR all the way down.
I'd rather be smart and buy the shares before they head higher...if that's even possible.
Seriously what are you going to do if those law firms resign?
What are you going to do if the settlements are peanuts?
There's nothing baffling about the pressure on SFOR's stock. It's clear as day.
Lol at it being labeled as a short term down trend. It's baffling to me that anyone would call a May - September, near daily butt-whooping sell-a-thon short term.
I'd imagine for many, the last 5 months of watching $1000, or $10,000 or more turn into 25% of that has felt pretty long for them.
It's not baffling that a company with 2.3 billion shares, $58K in revenue last quarter, $530K in operational costs for the same quarter, and less than $60K owed to them with $174k left in the bank is getting beaten up.
You do know that if it weren't for a Q2 convertible note for $175k that SFOR would have -$1000 in the bank right?
You know that if it weren't for that potentially dilutive note that SFOR would be overdrawn on their piggy bank by a grand right?
What am I saying? Of course you know that...you're a diligent CPA.
The only thing baffling here is the fact that shareholders are busy drinking Kay's KoolAid while SFOR balances a $14.6 million dollar market cap on top of a house of cards on a windy day.
Speaking of which, today's volume is high with a whole lot of red.
Hmmmmmm bad news after the bell?
Hoping the bad news will sink in over the weekend and not be such a bad knee jerk sell off by Monday?
I've said before...there are no secrets on Wall Street.
One of my friends is a co-founder of a well known public Marijuana company.
She is constantly protecting proprietary and material information from everyone ranging from Notary Public, County Clerks... you name it.
When a stock sells off like SFOR has today and over the last few days and sees 2X volume like today...it just reeks that someone knows something...and it probably ain't good.
Seen it before
Anyway...
I remain un-baffled.
The $0.006's are here. $0.005's next with little support between that and $0.0040 being the only real support line between here and $0.0020.
For every longs sake, I do hope that Kay produces some amazing news.
Have a great weekend
Lol...
No doubt!
You know what's funny to me is this Kay guy.
I mean, it's pretty clear that he talks to some here fairly regularly and I just can't wrap my head around the guy.
From what I've read, people call him or email him or stop in the office or tweet/FB him and apparently when they're done, investors feel better about owning SFOR.
So he must be telling them something positive...but then SFOR goes months and months on end with no press release or 8K's.
I mean what in the world is he telling these investors that makes them throw STOCK MARKET FUNDAMENTALS out the window.
SFOR:
1.) Signed up shareholders for convertible debt in Q2.
Ignored
2.) Earned $58K in Q2
Ignored
3.) Spent $530K to earn $58K
Ignored
4.) Did not sign any meaningful deals in Q2
Ignored
5.) Accounts Receivable shrank by one of the largest percentages in company history
Ignored
6.) Compensation and pay raises for everyone at SFOR during the same Q
Ignored
7.) 2.3 billion shares
Ignored
I mean what in the heck could Kay possibly be telling people?
Promises of lawsuits?
No settlement is guaranteed. If settlements were as open and shut as some here believe then there is no way SFOR's stock would be under this insane pressure.
Deals? Contracts? ACS? Channel Partners?
Seriously... I can pull up 10 Press Releases from The Kay Camp over the last three years where he talks about these and it's always "next quarter", or "later this year", or "next year", or "deals of this size take time".
It's madness. It's actually worse than madness...because whatever he is telling them gets repeated here and on other platforms and becomes an alternate reality that Mark Kay is responsible for.
Well good luck longs.
If the shares keep dropping and I get any indication that something is about to happen, I'll buy then.
Already touched the $0.006's today...and without SOMETHING coming in a legitimate and recognized format coming directly out of SFOR, I don't see how any long here will dodge the $0.005's or lower.
Maybe you guys can call or email or tweet Kay and get him to do something other than promise the holy land over the phone.
Happy Friday everyone.
So...
I see SFOR is red again.
No press out of Camp Kay.
Only 5 days left in August and you should all be stoked to leave August behind because it was a bloodbath month for SFOR's share price.
If we hit the $0.006's today or next week it'll mark a 50% market cap reduction in less than 30 days.
That's right... before SFOR's MRQ, SFOR's share price was in the $0.0125-$0.0135 range.
It's hard to imagine that some who've held have:
1.) Watched as their profits were literally cut in half
2.) Watched as their losses FREAKING DOUBLED.
I can't even imagine what that must feel like and I hope I never do.
So...
Rumor is that SFOR has an investor coming in. The given time frame is September.
No one knows any terms of this investors capital. Nobody except Camp Kay knows anything because as per the norm around here, there's no press on it.
Given the number of dates that keep getting pushed back, I'm guessing we will hear rumor that "the investors deal is done and sometime in October or later there will be a PR on it"
The madness never ends.
Lol...
Hey?
Where's the guy who was looking for those $0.0081's yesterday?
He was all worried he'd missed them. I eased his mind the best I could and told him he didn't miss them. I said they'll be back and so will the $0.0070's and look...$0.0073 is on deck.
Why that's just a stones throw from $0.006's.
Don't forget folks;
There is minor support in the $0.005's.
Specifically at the $0.0055/56 line.
After that there's nothing really until the very low $0.0040's.
Big support in the low $0.0040's.
If those break down, well there's nothing really until below $0.002.
While I wrote this, SFOR hit $0.0069.
It's a shame really and I do feel bad for folks who are mislead and so petrified to get out that they're watching their losses double or watching profits evaporate...but hey, they know what they own right?
Worst advice EVER!
You wrote something like "unless SFOR is moving on news you've missed"
Yes, apparently you did miss the news.
SFOR put out a 10Q.
It said that if they hadn't borrowed $175 THOUSAND DOLLARS, that they'd be ABSOLUTELY broke right now.
The SFOR news also said that they borrowed $175 using YOUR SHARES...I don't recall any longs saying they'd been contacted by SFOR and asked if that was okay with them.
The SFOR news also said that they only earned $58k in revenue for the quarter. Operational costs? $530 THOUSAND DOLLARS.
So yeah...
I'm guessing SFOR is trading off of news you missed.
The day before the 10Q...SFOR was in the $0.0125/$0.0135 range.
Today?
We hit $0.0078 and it ain't even been two weeks later.
Imagine where SFOR can be in a month if this continues.
My guess?
There's some support in the $0.0055 range. Specifically @$0.0056
After that there is hard support in the very low $0.004 range.
After that?
Well it's anyone's guess after that but there's nothing til below $0.0020
Good luck
Well...
Get ready...you may have missed the brief $0.0081's
But they'll be back.
You'll feel lucky when you get them...that is, until you see the $0.007's pop up.
I don't hate SFOR.
I just see that SFOR cannot support a $14 million dollar market cap when they earn $58K in three months and spend ten times that amount to do it.
Lol...
Looks like people are taking your advice to sell.
I didn't know you were bearish SFOR.
What's with telling people to sell?
Sheeeeesh.
Oh well... SFOR is back in the $0.0080's and it's all diligents fault.
DUDE!
SERIOUSLY?!?
IF HSN, OR TARGET, OR AMAZON, OR ACS owed SFOR money, IT WOULD HAVE TO BE LISTED UNDER ACCOUNTS RECEIVABLE!
SFOR DOES NOT JUST GET TO PICK AND CHOOSE WHAT THEY PUT IN A 10Q!!!!!!
Sheesh man... learn how to read a 10Q !
I swear, if some SFOR investors would actually consider reading and making an attempt to UNDERSTAND SFOR's 10Q's and 10K's they wouldn't ;
A.) LOSE SO MUCH MONEY HOLDING SFOR FAR PAST WHEN THEY SHOULD HAVE
B.) GIVE BACK SO MUCH PROFITS
$45k.
That's it.
According to their MRQ, $45k is owed SFOR.
Add up Q2 hsn
Add up ACS
ADD up Target
add up Amazon
Add up staples
Add up Mark Kay's mysterious "channel partners"
ADD UP ANYONE ELSE WHO I HAVE MISSED AND YOU GET
$45K...
ALL OF THEM ADDED UP EQUALS $45K!
Guess what that number was in when Q1 started on January 1, 2017?!
IT WAS $152K
Do you know how much SFOR had in TOTAL ASSETS (accounts receivable are assets) at the beginning of the year?
ALMOST A MILLION.
Guess what they have now, according to their MRQ which was 6 months later...
LESS THAN $230K AND THAT NUMBER INCLUDES ACCOUNTS PAYABLE!
Soooooo...
SFOR has $174k in cash...they're owed $45K AND THAT INCLUDES THE FACT THAT THEY GOT A $175K loan AND THAT MONEY IS ALL GONE!
IT IS ALL GONE... THEY BLEW THROUGH IT.
They're burning through cash on hand. They COMPLETELY BURNED THROUGH A $175k loan... and they're only owed $45K FROM ALL OF THEIR PARTNERS COMBINED!
People pass the crap off posted in here as DD.
"Ohhh I called KAY and he said there's deals"
THAT IS NOT DD!
"Oh...a webpage on the internet says internet security is a big deal and SFOR is in that industry"
THAT IS NOT DD!
MAKING CRAP UP AND POSTING IT
IS NOT DD!
DD is simple man.
Read the company filings...follow through on company press...
That's it.
Good DD takes about an hour a week per holding.
Most times, not even that.
The 10Q shows SFOR is struggling.
They're struggling so badly that they took out a loan and used YOUR shares and the underlying value as collateral...lol...and they didn't even cuddle with you after.
If it wasn't for the Q, nobody would even know they just got screwed.
Q3?
Yeah... maybe it's all in Q3.
Let's see...
Q3 ends in 49 days.
The Q3 report is due no later than November 15th.
That's 45 days from September 30th.
So basically...you've got to wait about 94 days before you'll get to see what monies came in.
SFOR's share price has lost 30% in the last two weeks.
SFOR lost 6% today.
Do the math man...if something doesn't get announced soon, at the rate SFOR's market cap is disappearing, SFOR will be under $0.0020 long before you get to say "I told you so" when, IF, SFOR has some impressive Q3 numbers.
Sheesh...
Tell you what...
You go ahead and keep losing more and more money...
After all, it's your money and no...I'm not here to save you.
I'm here to effectively and profitably trade SFOR...sure, I pass along a thought or two, maybe even point out glaring differences between what Kay says and what is actually filed...
Why are you here?
To ignore sage advice and keep losing money?
Haaaaaaaaaa
A fool and his money are soon parted.
"SFOR has deals"
Oh yeah ?
Do they now?
Hmmmm let's see...
Checking for 8K's describing deals...
Nope!
(If they had deals that changed the financial condition of SFOR, the SEC requires that the company file an accompanying 8K no later than 4 days...it's actually 2 days, but with some additional paperwork, it can be extended to 4 days.
So...since there is no 8K, either any "deals" that have been signed don't affect SFOR's crappy financial position, OR SFOR is not SEC compliant...you choose)
Checking the interweb for SFOR Press Releases...
Checking...PR NEWSWIRE...nope
Checking...SFOR's Web Page...nope
Checking...SFOR's tweets and FB...nope
Checking GOOGLE and various other search engines...Nope
While I recognize that Mark Kay has mentioned deals in:
1.) Interviews
2.) in tweets
3.) in shareholder emails
4.) over the phone
5.) in MRQ's
None of these deals have materialized.
We are LITERALLY WAIST DEEP into Q3. August is nearly over.
As I understand it, Mark Kay, and George "The Walrus) Waller are both now "drip feeding" some callers and emails with "next year" talk.
They are making sure that (not directly from them via any press release) indirectly, the word is getting out that BIG DEALS and EXCITING TIMES for SFOR will happen next year...versus during the second half of this year.
Let's face it folks, Kay has employed this tactic over and over again; Promise "later this year, and when later this year is finally here, spread the word that deals of this size take time and we may not see anything until "early next year".
Meanwhile...in The Reality of SFOR's Actual Share Price Land, the stock is under pressure again and still rated as a strong sell.
Feel free to stay long and strong. It's your money...it's been your money since $0.0295, and while it's your money, there's no arguing that there's a whole lot less of it.
You need a link?
I guess you're looking for some webpage that backs up SK's rants and claims of bankruptcy?
Try this:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001285543&owner=exclude&count=40&hidefilings=0
If you don't believe for a second that BK is a real possibility with a company that made $58K, owes nearly $10 million AND states in their filings that they're in default of several debts...
Well then, you won't believe anything.
All that being said, SFOR is in some kind of trouble...and I'll define it as best I can:
Any chance you have an apple or an orange handy?
Got a straw or a toothpick handy?
Stand up the straw or toothpick or pen and try to balance the fruit on top of it.
Even if you can do it for a split second or even longer, it will inevitably topple over.
That is what SFOR's stock has been doing ever since $0.0295.
It's share price is the fruit and the straw or pen or toothpick is the fundamentals of SFOR.
SFOR has balanced the fruit on a a stick. But it could never last.
The fundamentals could never hold up the share price for more than what's turned out to be a fleeting timeframe.
I'll give you this... any real word of settlements or any real word OF REAL BIG DEALS will give SFOR's fruit something better to balance on...but for now, where is any proof that any of these lawsuits are being WON or that any deals are MATERIALLY CHANGING SFOR's FINANCIAL CONDITION?
Where is the PROOF?
There is absolutely NONE.
Ohhhhh someone will post a link to someone else's "DD" or post a link to Kay saying something...but that's my point. Kay has been "saying stuff about deals and EXCITING TURN-A-ROUNDS for years.
There's no proof. It's not in any 8K's. There's none in their periodical filings...
All we have is Kays interviews (they must be true right?), his emails to investors, or whatever.
I got news folks... that ain't proof and it ain't DD.
If it were either, SFOR's share price wouldn't be nosediving.
Yes...30% in ONE WEEK... from $0.0122 to today's close of $0.0090 and a daily low of $0.0081 is an absolute nosedive.
The sooner people realize that the DD here, if legit, would actually stop the bleeding, SO WHY HASNT IT, the sooner they'll see that everyone else on the OTC doesn't see it as legit.
"You're a basher...you're a short...you're just looking for cheap shares"
No... I'm a trader steeped in years of successful trading because I base my investment strategies on provable facts instead of nonsense that novices praise as DD.
Yes...
The CEO stated that the Q wouldn't be anything great.
What he didn't do was ;
1.) Warn that revenues would see a near 55% decline from the same period last year.
2.) Warn that revenue would see a 30% drop in revenue from Q1 2017 to Q2 2017.
So I think that he shouldn't have said anything because what he did say ABSOLUTELY DID NOT REFLECT THE ACTUAL MATERIAL CHANGE IN SFOR's FINANCIAL CONDITION.
I want positive sentiment from SFOR, positive Press, Positive 8K's from SFOR as much as the next trader. What Kay did was, in my opinion, even if it was an effort to comfort shareholders, was mislead them.
He shouldn't have said anything.
Mofran, you've seen his emails. Maybe you've even gotten an email or two or more from him. The point is that Kay was eager to give interviews and talk about deals, lawsuits, channel partners etc. All very feel good stuff right?
I'm sure you'd agree that if SFOR signed a deal for $175K that it would be two things:
1.) Represent a material change in their financial condition
2.) Press release worthy and probably lift the stock.
Well, Mark Kay did not mention, in any interview, in any phone call, or in any email that I'm aware of, that he signed a $175K convertible debt feature that's potential very dilutive to shareholders.
At current prices, if converted, SFOR would add nearly 20 million shares to the O/S.
Did you read the Convertible Promissory Note in the 10Q?
Did you know that the Note Holder gets a 42% discount to the closing price?
If SFOR keeps falling, in 7 months when the Note Holder can begin converting, let's say SFOR is trading at $0.0050. The Note holder gets their shares at 42% off $0.0050 or roughly $0.0030.
Now instead of converting into 20 million shares...its dilutive to the tune of 100 million shares...or more.
You see, I believe that this Convertible Promissory Note is material to the financial condition.
SFOR knows that they disclose in every 10Q and 10K that they'll occasionally do this type of financing so they don't have to issue an 8K on a CPN of this size BUT MAYBE Kay shouldn't be spinning tall tales of deals if he's not going to to tell you he just diluted the crap out of you with this DOOZY of a "deal" for $175K.
Last thing Kay didn't do was talk about compensation. He talked about all kinds of feel good stuff, but he didn't talk about the raises he's gotten.
When a Quarter isn't "going to be anything special" perhaps it's not the best time to give yourself a 100% pay raise compared to last year.
How does ANYONE justify $58,000 in revenues and $205,000.00 in compensation?
So, you see Mofran...Kay isn't being transparent and he, in an effort to soothe savage trading beasts, he's misleading them. He's lying to them. He's sugar coating turds.
Call it what you want but Kay gets all kinds of credit for being honest and up front and willing to talk to shareholders and be a "straight shooter" when that credit is sorely misplaced and not deserved.
Laughing my ass off
So...
You find this stock.
It's not just bad...
I mean... the NYSE and Nasdaq have plenty of bad stocks.
You stumbled across a stock that doesn't even qualify for the NASDAQ.
Wait...
It gets better...
You decided to do a little research.
(You call it DD... but it ain't:..because real DD would have pointed you back to NDAQ OR NYSE)
The stock is listed on the OTC.
That's the pink sheets! It's literally what terrible movies are made of.
Okay...
So you've gotten past the idea that THE STOCK IS A STINKY PINKY....
But wait...
It actually gets better...
The very people who tell you the OTC is a market place for white collar fraud and theft have PLACED A GREAT BIG RED STOP SIGN ON A STOCK IN A MARKET WHERE FRAUD AND THEFT IS RAMPANT AND THEY SAID "STOP!
This company does not even follow our very basic rules of being listed. Seriously.... if it takes a 40 to join the self propelled sand bags of the army, this company has a 39...or less"
The FREAKING OTC said "you'd better think about this"
And you're like
"Whatever....I know what I'm doing...long and strong...know what you own...I'm not going to miss this boat or rocket"
And yet here you are.
You're not going to listen .
You're "know what you own" stock
Yeah...
It's trading a billion shares at less than the change I have in my pocket...and I wear shorts
That's just it...
It absolutely IS...
That's why I've been saying where are the 8K's?
Look...
We have all seen the diminishing cash levels and we've all seen what SFOR's typical quarter runs as far as operating costs go.
Now...well, now we know. Kay is writing checks on shareholders backs.
For crying out loud...
A week and a half ago he gave an interview. He talked about "later this year" and he talked about "lawsuits" and he talked about "push"....
I mean...the guy talked about all of these great things...
But one thing he did NOT mention was funding operations with convertible debt features.
If any one of you can show me that I missed that part of the interview...do it.
I get it...
SFOR has patents...they've HAD patents.
SFOR HAS lawsuits.... yes they do.
SFOR HAS great patent lawsuit attorneys...fine...
But if SFOR dilutes you down to $0.0001 in the meantime.
Honestly....
Who ya gonna trust here the next time Kay says no R/S when he doesn't even tell you that he's signing convertible debt features for $175,000.00
Seriously?
He posts a 10Q where his company made $58,000.00.
At the same time he lets you know that he signed up for $175,000.00 in your shares worth of debt...
$58,000.00
+
$58,000.00
+
$58,000.00
He signed you guys up for 300% of their quarterly revenue...and in his last interview, he didn't even tell you.
Mark is a skinny little man. I am not...and I don't trust him any further than I could toss him.
Yeah yeah yeah dude...
You said SFOR would never see $0.008's.
You do remember that...right?
I said that SFOR cannot support its own market cap.
I said that even Mark Kay knows this which is why he never paid the 10K to uplist to the QB within the OTC.
Mark Kay said that he felt like he'd be throwing money away if he paid the 10K because SFOR cannot justify a $23 million dollar market cap.
THATS WHY HE NEVER UPLISTED....he knew he'd pay the uplisting fee and that ONE SINGLE DAY LIKE TODAY would disqualify SFOR to be on the QB.
You said that SFOR would never ever see $0.008's.
You've even argued that SFOR can hold the $0.01.
So pardon me if I excuse your advice.
Lol...
If I wanted cheaper shares I could not say a word and just wait til next week.
SFOR ... below $0.0056 coming to theaters near you.
Lol...
You didn't really think that a company that made less than $400k last year is worth $29 million in stock..did you?
Cmon man.. seriously?
"Ohhhh they have lawsuits"
"Ohhhh they have patents"
When you show me REVENUE...
I'll buy and hold.
Til then... she's a traders paradise
I honestly have no idea what you just said...
I really don't.
Is there any chance that you can write that whole mess about SFOR newbies and flippers and then read it out loud to yourself before you post it?
Seriously...I think if you read it out loud before submitting you'd see that you sound a little downy.
Anyway...
I'm a buyer here.
And yes...I'll flip it. Hopefully for profit. On my way to $500k in profits.
Funny that I'll make more trading SFOR than SFOR makes all year.
Wow!
Another $0.0110?
Bulls keep taking the $0.0110's out.
To point a fact, SFOR has only dipped below $0.0110 once this year. It went to $0.0107. But briefly.
I'm a buyer here. SFOR bulls are clearly in charge at $0.0110. What I see is that SFOR hits $0.0110 and then gets a boost.
I'll buy here.
If SFOR dips below $0.0110 I'll be watching.
If SFOR breaks down and falls below $0.0107 I'll be selling.
Wait...
So it is being suggested that the CEO of a fully reporting/SEC compliant company is withholding "great news" from shareholders?
It's meant to say that some investors here actually believe that he's sitting on info to "perfectly time" the release of news with other news so that the shares explode higher?
THE REASON so many new and inexperienced traders lose so often is because:
1.) They don't understand what is going on
2.) They "learned" what is going on from someone who did not know what was going on and took it as gospel.
Investors here literally...I mean seriously, are just making up their own rules? SEC rules?!
Inexperienced traders do a few things:
1.) They mistake a smooth talker as a investment pro.
2.) They don't actually seek formal education. They think google, investopedia, and message boards or social media trumps actual experience.
3.) They lash out at anyone who questions the gospel.
4.) They hold far after they should have just sold. (For fun... do this:
Run to the bank. Drain your bank account...or a couple of thousand dollars at least...get it all in $20 dollar bills. Keep all of the cash loose in your lap. Head to the open freeway nearest you. Once at highway speed...roll down all your windows and keep your hands off the cash. Watch as the wind grabs each of the bills and floats them aloft. Watch, and keep driving with the windows down, as each of the bills begin zipping out the window.
Get the point? That'd be stupid right?! The sooner you "learn what is happening" the sooner you roll the windows back up.
Seems as if some would rather just keep blaming the wind as each $20 disappears into the rear view mirror.)
Anyway...
I'm not trying to scare anyone. I'm not trying to get you to sell. You do you!
But here's some DD on Mark Kay and whether or not there are secret deals that are keeping the lights on and paying the bills that some here believe are happening. Some believe that they've happened. They've somehow changed "the financial condition" of SFOR and he's just waiting for the right time to release the info:
(A few hints... The rule allows for UP TO 4 days. It is TWO DAYS unless a 12b is filed requesting the additional two days.
"Changes the financial condition"
The 1934 securities exchange act was amended in 2004 regarding disclosure. Specifically, it was expanded to include a number of Material Definitive Agreements (8k filings).
Of course there is always Sarbanese/ Oxley which in my opinion is a far easier read.
These rules exist SPECIFICALLY so that CEO's can't:
1.) Bury bad news in a pile of worthless rose pedal crap.
2.) withhold anything which "a reasonable investor" would claim to change the totality of their investment ideology regarding the security.
3.)Withhold material information between periodicals due dates.
But some will just keep hating.. and keep losing...and blaming me.
For the record: I would really love to see SFOR succeed and watch SFOR reward shareholders with steadily climbing share-prices. I've endorsed Mark Kay publicly and in boards like these. Yes! I can be critical. When a company or stock is underperforming, just like a losing football team: only cheerleaders cheer no matter what.
Do you mind pulling up a chart of SFOR?
I'll do it with you to fact check each other.
Begin in May 12th.
Do you see where the stock price was?
Now take your ruler, start high to the left and follow the angle down to the right to the current price.
If you can honestly tell me that :
1.) Diminishing cash
And
2.) Abysmal revenue
had no impact on investor confidence, AND that today's lower share price isn't a reflection of reduced investor confidence then you and I aren't playing on the same field.