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If you haven't sold all or a portion of your SFOR position yet, $0.0115 is the best price you'll get today.
It's the best price you'll get between now and the 2nd Quarter Q due by next week.
After the Q comes out...
When we see truly abysmal QoQ revenues and virtually no cash left in the bank, SFOR will fall under a penny.
There is no boat to miss here. There is no rocket launching SFOR shares to the moon.
If you sell now, even with some losses, you'll be able to buy back your beloved SFOR shares for much, much cheaper.
Look... a lot of traders don't know what they're doing. They're stock rich and cash poor. (In other words, they're 100% invested with no more cash to buy more to average down with after a several big dips.) If SFOR dips below a penny it'll hit the $0.006's and possibly the $0.005's before it even takes a break.
If you sell now and wait...you'll have cash to buy those areas.
If you just hold because you're too afraid you'll miss some magical Press Release then I have a question for you:
If your cost average is $0.01 and SFOR falls to $0.0050. What percentage of a return do you need to see just to break even?
Now...when was the last PR that SFOR issued and the stock actually rallied?
Go back... way back...
SFOR issued a series of PR's at the $0.0056 range and took off toward 2017 highs.
Beginning in April, every time SFOR issued a K or Q, or anytime Kay opened his mouth, SFOR actually fell after a press release or tweet.
Sell now... buy it back later for much cheaper.
Oh... anybody... I mean ANYBODY who claims "you just want my shares for cheap"...you're utterly ignored for not knowing there are 2.4 billion shares out there. You're ignored because you don't know how the stock market or OTC works. You're ignored because you should have less of an opinion on how things work and should be asking questions, not telling people how things work.
THAT IS EXACTLY THE PROBLEM.
Yesterday's "lil interview"??!
It was just Mark Kay warming up and stretching to play another game of "kick the can down the road".
That's it.
My main take-a-way was how I keyed in the "end of the year" verbiage.
He played the exact same game last year. He told anyone who'd listen last year about "the second half". Then it turned into "later this year". Then it turned into "by the end of the year"...
He's doing the same thing this time around.
He's playing games and using the Wall Street Calendar as his Queen piece.
He's no dummy...he knows that if he can kick the can down the road far enough, shareholders won't be any wiser until April 2018 when the 10K is finally due.
Just like 2016 and early this year.
Mark Kay was LYING to anyone who'd listen and told countless people about these GREAT....BIG...EXCITING deals that would happen in 2016.
You know what those shareholders who listened got when the 10K was finally released?
They were shown that 2016 revenues SUCKED... less than $400k for the whole year. You know what else they were shown? They were shown that Q4 was FREAKING ABYSMAL with no hint of these "big, great, exciting" deals.
He's doing it now too.
He's using our calendar...knowing that the 10K and Q calendars give him up to 90 more days before we see he was full of crap.
He's a smart guy...he's def fooling plenty of people.
That's why SFOR climbed a few days ahead of the interview.
Cat was out of the bag that a PR was coming...so the shares climbed from $0.0110 to $0.0130.
Then...when the PR came out and everyone saw it was garbage...literally a regurgitation of updates we saw in May ....who wouldn't sell.
SFOR is headed back under a penny.
Mark Kay knows it. He knows $29 million dollar market cap sitting on top of 2.4 billion shares and less than $400k in revenue is like trying to walk on stilts near a tornado...it's going to topple sooner or later and come down.
He knows that the share price without BIG REAL NEWS is unsustainable up here which is why he hasn't spent the $10k to bump up to the QB. He'd pay the fees and bump up to the QB only to lose the uplisting and the $10k as soon as SFOR fell back under a penny.
He's no dummy...so I'm not surprised he's fooling some here.
On the bright side...
We finally get to watch Zata pick up his millions of SFOR shares at $0.0120 or below
Lol...
The volume ain't at 2 mil yet LolaZata.
SFOR's Kay reminds me of Rip Van Winkle...
How he'd disappear up the hill to drink some Holland and nap for 20 years.
Wake up Kay...the village wives are restless and eager to nitpick.
Seriously tho...it's Q3... if there were a time for some 8K's or press releases, now is as good a time as any.
I agree with you Shalley!
Kay is frustratingly skilled at ambiguous speaking.
Worst of all, he's knowingly letting rumor pass as DD.
SFOR's biggest problem is an absence of regular press.
I'm not talking about fluffy BS EITHER!
According to Kay, Q2 has deals churning that will make Q's 3 and 4 amazing BUT WHERE THE EFFF ARE THE 8k's and/or Press on these deals?
Too many people are substituting someone else's rumors as DD for SFOR.
Trading off of rumors and calling it "true DD" is the fastest way to:
1.) stay when you should be selling
And
2.) losing your shirt in stinky pinky land.
And
3.) Selling or avoiding when you should be buying, therefore missing out on tremendous gains.
I'm long Sfor.
One consistent problem I've had with Kay is his disregard for the savagery that ravages his stock while he sleeps and snoozes at the helm.
It's as if he's got zero pride for his stock price WHICH IS A DIRECT reflection of how the markets are perceiving his, and Wallers leadership.
Hey Kay?
The market says your leadership ain't worth 2 cents per share.
Wake up man!
Nope!
Totally wrong.
Absolutely wrong.
https://www.sec.gov/Archives/edgar/data/1285543/000147793216008173/sfor_8k.htm
I'm 100% positive that the settlement agreement with MSFT involves ZERO recurring payments from MSFT to SFOR.
While the settlement agreement and associated press releases caused some confusion on the matter, Mark Kay has stated on multiple occasions that the MSFT settlement was a one time payment with no continuing fees or costs or payments due between MSFT and SFOR.
I don's have any links to what Mark Kay has said in person or over the phone BUT there are several contributors here who have emails from Mark where he states the same as I have written.
Got to be liking the pre market Bid/Ask landscape this morning.
For as long as I've followed SFOR, it's been a rare and portending event when the Bid/Ask landscape points towards a gap up open.
Sure...I know what some are saying
"Pooh pooh, blah blah, it's just a B/A of $0.0161/$0.0170. That's not even a huge gap up pooh pooh, blah blah"
And those "some" are just missing the point.
The POINT is that it's rare when both the Bid and Ask are wholly above yesterday's close with SFOR and in the past, when it has happened, it's preceded larger runs higher.
Just saying.
Happy Friday
I was a buyer today.
Fate saved my bacon.
This am I was interested in the $0.016's. The volume was still low @ 6 million...
I figured it was just a early morning head fake by the MM's to get the easily scared money.
Phone rings.
Buddy wants some help.
I walk away from my order.
Looked two hours later, SFOR is in the $0.014's.
I filled...
Best price $0.0148.
Worst price $0.0150.
I added exactly 2 million shares.
Like you, I believe that an accretive to shareholders catalyst is nearing.
Today's price action did not change anything that I've heard or been told about SFOR and potential near term catalysts.
We will see
WBC...
You're half correct.
Yes, historically speaking, their income from lawsuit settlements has outweighed annual revenue since SFOR was created in 2002.
If you add up 15 years of SFOR revenue, it does not equal the $9.7 cash windfall in 2016 from the SFOR/MSFT settlement.
THAT BEING SAID,
THAT IS PRECISELY WHY SFOR is suing. They are claiming LOST revenues from the infringers.
In other words, had they NOT BEEN INFRINGED UPON, they would have or could have generated enough revenue to sustain operations and or generate profits on revenues.
SFOR's revenues will climb in 2017, AND if settlements are favorable to SFOR, SFOR will reclaim lost revenues.
So yes, they've generated their income from lawsuits, BUT it remains to be seen if any settlements prove beyond doubt that SFOR has missed out on substantial revenues over the years due to current claims of infringement.
I personally believe that SFOR's patents have been infringed upon. I'm not privy to how much revenue has been lost over the years by these infringement claims.
I do wish SFOR were more transparent with ALL shareholders as to what they believe has been lost over the years and how much they are looking to recover.
Have a good morning.
Yeah...
AND ON MAY 15th, it dipped to $0.0107.
I guess I was wayyyyyyyy off.
Hmmmmmm
It fell from $0.0160 to $0.0107.
I'm a trader. Not married to SFOR. So yeah...I make calls. Good or bad, that's what I do.
So...you gotta love it lol, eh?
Well...if you are gonna troll... troll harder. Read my posts.
I've maintained since day one WAY BACK IN THE $0.000X's (when I first bought SFOR and went long and or traded SFOR) that they're a catalyst play.
When I WROTE over two weeks ago that I and others were accumulating SFOR again, I explained why.
Gotta love it...
Yeah...you're spot on loadups...you gotta love it.
Go check a chart.
Depending on the settlement.... this goes non stop to $0.10
Why?
Because ANY settlement at this point paves the way for future settlements.
It adds a certainty to remaining suits regardless of the settlement amount.
That being said, the higher the settlement amount, the better.
Lots of people...people reading this right now, just can't imagine a 550% return.
Those of us who've traded SFOR from the trips can see it as a possibility though.
Then guess what happens when this stock hits $0.10.
All of the sudden, as ridiculous as it may sound now, $1.00 won't seem impossible to those who buy at $0.10.
Sheeesh
I've heard of sour grapes before...
Even pissing in the parties punchbowl..
But damn.
Yeah? So freaking what PD!
The HSN spot was postponed?
Big deal?
I'll tell you this?
Myself and others didn't start accumulating because of a cruddy HSN spot rumor.
There's a larger catalyst in the wind.
So far, so good.
This trade is already up 20%
SFOR has got something far bigger than HSN spots brewing.
I don't know when you went so sour, but I'm hopeful that you're a smart sour grape and can dislike Kay, or SFOR as a company, but can read the tea leaves and know when to accumulate, and know when to sell, and know when to rinse and repeat.
WBC.
YOU MOST CERTAINLY CANNOT POINT TO ANY PORTION OF THE 10K or the MRQ that shows SFOR is out of money.
You cannot, because no portion of either filing exists which states that.
I'm the first one in line to be critical of SFOR's diminishing cash BUT I use facts to support my argument.
What you can do, is say "see? This quarter and that quarter and this quarter and that quarter SFOR burned around $500k per quarter.
If you keep it completely linear, SFOR HAD $308k in cash at the end of Q1. That was 60 days ago.
With the Q winding down this month, and with average cash burn rates yeah, it can appear that they're either out of cash, or running on cash vapors.
But that's if you just keep everything linear.
What we don't know is if ANY revenue bumps during Q2 have helped offset operational costs OR if SFOR has gone into crisis cash saving mode to help preserve cash.
Here's a FACT BOBODY HERE can refute:
If SFOR were out of cash, we would see at least one MATERIALLY DEFINITIVE AGREEMENT via an 8K where SFOR has inked a deal for a equity for debt swap (dilutive at best, toxic at its worst).
Since there are NO SUCH filings, they ARE NOT out of cash, yet.
PERIOD!
Unless of course you think Kay can pay for stuff with his good looks, charm, pixie dust and unicorn farts.
If they were out of money, they'd have to ink a equity/debt agreement.
No agreements? No 8k's or Press?
Then they still have cash.
How much? Not much...far less than the $308k in their MRQ.
Does ACS own the patents? Is SFOR THE RETAIL UNIT?
ABSOLUTELY POSITIVELY NOT!
B&R and R&G are REPRESENTING THE PATENT OWNER...SFOR!
If ACS were the patent owner, those law firms would be representing ACS.
Every single court doc CLEARLY shows that SFOR is the Plaintiff and patent owner.
Penny... you're either believing someone who's wrong...perhaps they misunderstand their relationship or the phrasing of your question, OR YOU ARE flatly misleading anyone who cares about what you say.
I do not. I know the facts. SFOR=Patent holder in every legal sense.
I see market makers are keeping up with their games today. They're allowed to do so because Kay is, as always, totally asleep at the wheel.
He's got ZERO business emailing a select few and telling them about big deals and next quarter and later this year when what he should be doing is SIGNING A DEAL and putting out press.
Kay... a few things you can count on from him is ZERO press while wolves are at the door AND it's always "next quarter".
The guy needs to wake up OR give the reigns to someone who's willing to be proactive and aggressive to do what's best for stakeholders and the company.
Such great patents and so much potential yet SFOR can't break out recently even as we head towards PROBABLE BUT NOT CERTAIN positive catalysts.
Lol @ DD here
I laugh out loud at everyone's "DD" here on the SFOR board and other boards.
Due Diligence...
Reasonable steps taken to appraise value or lack thereof before buying or selling.
If you're betting your house, or your livelihood, I suppose it's reasonable to link every cyber security article to an SFOR message board.
Real traders?
It's reasonable to read press from the company or ANALYST pics n pans or just go to their financials.
There is NO DD here.
What you find here are people who are frantically linking SFOR to everything or people who are insanely rebutting any possible upside or downside.
Nothing to see here folks... move along.
SFOR?
It's a OTC stock with crappy financials. Never had made a penny.
It's trading at 60 times cash on hand and their cash is gone so, technically, it's trading at A multiple to cash that bewilders my math skills.
Either they announce a deal and put some cash back in their piggy bank, or they don't and they resort to toxic financing.
Mr. Kay?
He's shown what he'll do. He WILL destroy penny stock "investors" and claim that next year will be better.
Don't marry SFOR.
She'll break your heart.
Nobody is here to save the day...
Some of us just see SFOR for what it is and see Kay for who he is.
Some of us aren't married or chained to SFOR's share price.
Some of us trade SFOR for profits, or losses and give a EFF less whether or not SFOR will announce a settlement or a buyout or a new licensing deal.
Why?
Why don't some of us care?
Because there are 9784 other OTC stock plays out there with a bunch of cheerleaders all saying the exact same thing about those stocks.
SFOR?
Yeah... in one way or the other, SFOR has been around for 16 years and never ever ever once been a profitable company.
Mark Kay?
Mark Kay is the very typical OTC stock CEO.
Nice, affable, optimistic.
But he does the same thing everyone else who is the CEO of a OTC stock does:
He says things like "next quarter". When the next quarter comes and goes with no results, he says "later this year". When the year has passed and there's no results he says "next year".
And he says these things over and over again.
Don't take my word for it... go read press releases from 2015. Go read the press from 2016.
It's always the same.
Am I here to save the day?
Nope!
I'm here because I believe SFOR is between press release and or rumor catalysts that will drive my stock price much higher and when it does, I'll sell...for a profit.
Sheeeesh... get a clue.
No Sled...
It doesn't.
What it does state is that their amount owed may not be compromised by any share action.
SFOR can do whatever they'd like with the share structure but I may not infringe on what is owed.
That's it.
You've bought off on the wrong guys DD.
Do you really think I care how I get paid back?
Sure... I'd rather not convert $10 million into 10 billion shares...
But if it earns me a 50% or higher...substantially higher profit, do you really think I care if some unpaid intern has to spend his or her day converting?
I don't.
You put your money on the wrong horse Sled.
You'll see.
No...Jane...
The question that should be on everyone's lips and at everyone's finger tips should be this:
"Mark Kay, you've stated in a variety of ways that SFOR's Q1 and Q2 will not be anything special. You've gone further on to say, using various media, that the 2nd half of 2017 will be great. Q2 is almost over. Where is some press that'll offer further insight into the second half of 2017?
"Mr. Kay, in years past, you've established a track record of, well, lies. In years past, as recent as 2016, you've made claims that next quarter, or next year, big deals will be signed yet revenue is spotty or even declines substantially when compared to the previous quarters. Why should investors trust you this time?"
If you are playing SFOR based on what Mark Kay has said, then you have to also play SFOR based off of what Mark Kay has actually done.
16 years he's been the CEO of SFOR. He's walked investors through more than a handful of reverse splits and he's been at the helm for dozens of dilutive financing deals.
You just can't have it both ways folks.
Either have a casual relationship... a FWB if you will with the stock, or Marry Kay and Sfor. Own what he says he'll do...and also own what he's said he would do but didn't do.
SFOR is a catalyst play. Mark Kay sleeps between catalysts...he's old.. it's what old people with no more zeal for the game do.
YOU CANT HAVE IT BOTH WAYS!
Marry the stock and own their history...accept that history repeats itself...
Or just have a FWB relationship with SFOR.
Your choice.
No matter what... anyone owning stock in SFOR should be calling Kay and screaming "WHAT THE EFF MAN?!? You said the same things in early 2016 and your 10K says you FREAKING lied!?!?... please freaking tell me that you're not lying this time too!"
I know a hundred Marines who don't ride the coat tails of their careers on some random SFOR message board with the skill and prowess that you do.
I guess that's the difference between the branches of service.
Hey sleds?
Can you take some time out of your day and write Kay...
It'll be a short letter. Surely a man with your esteemed military career can get it right.
The message body?
WAKE THE EFF UP MAN!
Sincerely
Major General Colonel Private sledoggs.
UMMMMMMM
EVERYBODY WHO KNOWS ANYTHING ABOUT SFOR says they're not worth $8 BILLION!
SHEEEEEEEEESH.
Yeah...
You nailed it. You've singlehandedly stumbled onto a gold mine.
EVERY ANALYST IN THE WORLD has somehow let SFOR slip under there radar for 16 years.
$1 per share?
Nope!
$2 per share!
Not even close!
$3 per share?!
Getting warmer...
HAAAAAAAAAAA
yeah... SFOR... a stock that's been CUT IN HALF since it's recent high of $0.0295 is magically worth $8 billion dollars.
Ohhh but MSFT and ACS and blah freaking blah blah blah.
SFOR can't even hold a $0.0030 gain on the day. SFOR's declining volume coupled with their struggle to keep any daily gains and far more red day's than Green Day's in the last 30'days says SFOR is most assuredly in between catalysts.
Lol... with some GREAT settlement news, SFOR's stock can go over $0.10....BUT to suggest a $8 billion dollar value just screams "hey everyone...it's day one for me"
Hello Jtech.
I wrote about the 8K you're speaking of in here.
I love that SFOR is getting their corporate verbiage in order. Nothing wrong with a little corporate housekeeping In my opinion, based on the 8K and Mark Kays responses to shareholder inquiries, I believe it was just housekeeping and not a direct indication that something big is imminent.
Someone along the way said "hey... clean this up. It's good housekeeping AND IF any offers come, it'll be one less step you'll have to take to make it happen".
Those are a summary of my thoughts on SFOR's 8K last week. Just housekeeping..ya know..in case guests show up but no guests are scheduled.
I'll probably kick myself later, or eat some crow soon BUT no one can deny that SFOR is rangebound with what appears to be a support level underneath.
SFOR has kept and held the penny point for well over a month now.
If a penny can hold, then the upside potential vastly outweighs the downside risk of a 30% loss.
Nothing has changed as far as cash concerns go. There has been nothing out of the SFOR camp (actual SFOR, not day dreaming MB posts) to suggest that revenues are going to save the quarter.
There's no indication of a share buyback and Mark Kay himself has said there are no buyout deals on the table and that Q1 and Q2 will be nothing special.
All of that being said...the powers that be have seemed to put a floor under SFOR.
I've been a buyer for a few days now. I'll continue buying. I believe what I wrote yesterday:
If SFOR can win some beneficial settlements and put out some nice press, SFOR can easily crest over $0.10.
I'd like to see it sooner, rather than later because without a massive increase in revenues, SFOR will be out of cash or damned close by the time Q2 ends on June 30th.
With BENEFICIAL lawsuit results, SFOR can easily crest over $0.10.
The longer these suits take, the worse it'll turn out for SFOR shareholders regardless of a beneficial settlement or not.
It sucks but it's true.
SFOR doesn't have enough money to last this quarter.
SFOR burns about $500k per quarter for the last 8 quarters.
SFOR had $308k at the end of Q1. That was near 55 days ago. Q2 ends June 30th which is about a month and a week away.
If they aren't offsetting costs with an enormous revenue increase, they'll be out of money during Q2.
I'm not going to debate their cash on hand or their cash burn rate because those numbers are plain to see in their filings.
What we won't know until late July is exactly how much has revenue increased and how much was their cash burn rate for Q2.
I can't imagine that revenues have dramatically increased because that's PR worthy...and nada out of SFOR.
So...
If they win some judgements, SFOR can easily go over $0.10.
If they don't get some cash soon, they'll turn to shareholders once again with dilutive convertible notes or share issuances.
Keep your fingers crossed I guess. This can go really really well for anyone with shares at these prices, or it can turn into a nightmare if they have to resort back to dilutive financing and reverse splits down the road.
I've got my fingers crossed for the upside.
I saw your post.
Marks response to your email validates my premise:
The 8K does not portend an imminent buyout.
It simply clarifies rights and sequences preferences.
To those who are attention span challenged or otherwise don't like long sentences, let me bring it to your level:
"Grunt...moan...grunt..pound on desk; 8K no mean buyout now; grunt...moan...pound on desk"
Fun fact time :
Sentences, especially sentences about SFOR, should have between 15 and 20 words in each sentence.
Shorter sentences are easier to read; See SFOR run. See SFOR fall.
Sentences like the two immediately above, may appeal to a lesser skilled reader, but won't appeal to all.
Sentences with more than 20 words in them can appear daunting, or dull and worst case, just too difficult for all but the best readers to finish.
I've found that there's a fairly average intelligence level on this board.
While there are some supremely educated SFOR contributors here, they're offset by the supremely uneducated.
So I prefer to keep my opinions about SFOR and the associated sentences in the average length range.
I'm sorry if some just prefer grunts and moans and hitting things.
For the record, some of you either don't know, or don't recall, that I've owned SFOR from $0.0008.
Just because I'm not married to it, find fault with SFOR's management, and have sold millions upon millions of shares for thousands of percents in booked gains, you think im not on your side.
(Sorry if the length of that sentence lost you, it wasn't meant for everyone)
Sheesh...
Read the exhibit, or don't read it and just read the 8K front page.
The 8K simply clarifies and codifies the rights and preferences of the Series A stock.
Clarifies? Nothing to read into this. There were unclear descriptions that needed to be amended so loopholes were closed.
Codified? All that means is that they've simplified rules into basic codes or sequences.
The 8K very clearly states in both the front page 8K and also in the attached exhibit that no other changes in amounts or rights were provided.
Bottom line?
ANYONE linking this 8K to a precursor to a buyout or a settlement has basically just found a brand new carrot to dangle in front of their "why I'm long and strong" mule driven cart.
SFOR is a catalyst play. There are no secrets on Wall Street. Someone somewhere is typing a document, or documenting a meeting, or notarizing a packet...and someone somewhere is always telling someone else "pssssssst... here's a tip...get long or short XYZ". There's actually an entire sub culture in corporate espionage where people are paid to find people to pay to give little tips if they happen to be typing up a buyout agreement or a settlement agreement or whatever.
The declining volume...it's PROOF of a lack of interest in SFOR.
"oh money... you're stupid or inept or whatever because it means us longs aren't selling and that's what a lack of volume means"
Hey pal... yes you... I'm not sitting here calling you names, so stay on point;
SFOR has defined their shareholder base at roughly 450 shareholders of record.
FOUR HUNDRED AND FIFTY shareholders.
More people visit the deli around the corner from my house in a single week than ALL OF SFOR's shareholders of record.
8 BILLION people in the world...and 450 of them own SFOR.
450 shareholders... 2.35 BILLION SHARES.
While longs may not be sellers...the Market Makers hold plenty of shares to sell to ANY BUYER who wants a piece of that 2.35 BILLION WITH A B share count.
So...if the point hasn't hit home yet, the "long and strong" crowd may be holding tight...but that has very little to do with the declining volume.
There are simply too many shares out there for the long and strong to even compete with. If there were some pending catalyst, volume would be spiking, not falling.
Ohhhhh money... you dummy...falling volume is just the calm before the storm...
Sure... that's how it usually works for a catalyst play...
There are storms...and then there are calms before them, or in SFOR's case, calms between storms.
Who's the dummy now?
*****TO ALL NEW SFOR TRADERS***
Be very wary here.
Youll be directed to read or listen to Mark Kay's guidance for the second half of this year.
You'll be directed to pay attention to the second half of this year and you'll be told that BIG DEALS are being signed as you read this.
What you won't be directed to is the last 12 years of the exact same recording.
What you won't be warned of is that in early 2016 through mid 2016, Mark Kay stated that SFOR is signing big deals that'd be realized later in 2016.
These deals never materialized.
Sure.. the share price surged on these reports and made a lot of us traders money.
But as it stands, in the last three Quarterly reports and in the latest 10K, no deals have generated any substantial revenues that have EVEN COME CLOSE TO THE COST OF THOSE REVENUES.
SFOR SPENT 2.5 MILLION DOLLARS IN 2016 and didn't even earn $400k in revenues to support those costs.
Every year, for years now, Mark Kay talks about "next quarter" or "later this year"...
By the time next quarter comes, investors see that it didn't happen. By the time "later this year" turns into "last year", investors in SFOR see that the big deals never happened.
Don't be fooled.
Trade SFOR on momentum and price action. Do not marry SFOR. Mark Kay has an enormous credibility issue. You'll marry SFOR and find out later that you married a bait n switch lover.
Hmmmmm
I guess you like your cake and eating it too.
Seems to me that you're cherry picking. Someone says it's a low volume red day and you cherry pick that it means no one is interested in selling.
If it's a high volume red day then it's manipulation and traders.
Now, less than 350k in total volume it's because the truly wise are waiting and watching before they pounce.
Tell me 4Sleds...exactly what color are the emperors new clothes? Are they dazzling and bejeweled ? Are the the finest of silks and cashmeres?
I'd like to know...
Because all I see is a naked SFOR being paraded down the street wearing absolutely nothing.
You're going to throw out your back reaching and stretching like that.
There are no secrets on Wall Street. Someone, somewhere, always knows something and passes the info along.
What results is higher than average volume days, higher options activities, etc.
So...
What does SFOR's massively declining volume days say?
It says it's over. The party is over and the only ones left are the drunks who crashed on the couch.
For weeks and weeks and even months, SFOR was clocking a million or more shares per minute in the first hour.
Now, an hour in, SFOR can't even trade 400k shares.
At this pace, they'll be lucky to even have 2.5 million shares in volume at the end of today.
The only people here...are the long and strong and it appears, they're waiting for funds to settle so they can "take advantage of these cheapies" before the rocket takes off, or the boat sets sail, or the bus leaves, or the train leaves.
Someone call Amelia Earhart, the boarding pass for her SFOR flight just got cheaper.
Someone call Neil Armstrong because rocket tickets to the SFOR moon just got cheaper.
Someone call Captain E. Smith because the SFORtanic tickets just went on sale.
I could go on and on but instead I'll just laugh at everyone who woke up this morning swearing hi and low that any "non-believer" was going to miss the boat today.
Go SFOR...
Long SFOR
ALL HAIL SFOR.
(Lol)
Lol...
The long and strong SFOR crowd are waiting for funds to clear.
Hey...
Ummm
As a pro... there are always funds. I mean, I move this that way and that this way and boom, I make a trade.
So...
Is it fair to assume that any SFOR trader who says "they're waiting for funds to clear" that they just squeezed another drop of blood from their turnip and in 3 days they'll buy another 50k shares?
Lol... who does that?
With SFOR you need to be nimble.
Here's an idea:
Pre-load your cash constantly... always have a trading cash surplus, not deficit, and always have the cash on hand to make the next move.
If you're going to make a move, move more cash in first so that you're ready for the next move.
Cracks me up that people take advice from people who are "waiting for funds to clear".
It's sort of like taking advice from the driver of the car next to you stuck in traffic on how to avoid traffic.
Go SFOR!
Long and strong
Ummmmm
No.
Lol @ NASDAQ.
SFOR won't even lift themselves off the crappy tier they're on within the OTC...
Lol...
And people think they'll uplist to the NASDAQ?
Like it just something that happens right?
Play your cards right, make a few bucks, get big enough and the NASDAQ just opens their pearly gates and says "come on in"???
Lol...
I've seen $37 dollar stocks on the OTC and they stayed there.
They didn't uplist because they didn't want the regulatory hurdles or the fees associated with being listed on a larger exchange.
Lol @ Nasdaq soon...
Uh huh...
(Smfh)
In reality, TPAC is a share based debt for equity investment...
But not for shareholders.
TPAC and whoever they issue debt to, rely entirely on the naive or otherwise uneducated trader.
They routinely swap IOU's for promises of discounted shares.
If me and Bill get together, Bill says "hey, let me write you an IOU for $10k. In the IOU, I'll say you can have $10k worth of shares at a massively discounted price"
(For example... if TPAC were trading at $0.0010, the convertible note (iou) would state that I can convert at $0.0002.)
So I convert at $0.002, and can now start flooding the market with my 10K worth of shares.
Of course the price drops, but if I got $10k worth at $0.0002, and turn around and sell em for $0.0010, or $0.0008, or even $0.0004 then I made 100, 300, or 400% and the best part is, I never ever gave bill the $10k to begin with.
I promised him $10k...but in tranches...so he and I now split our gains and the shareholder just paid the whole tab.
If that scenario sounds a little bit confusing, know this:
It's a MERE FRACTION of the whole story of the fraud that occurs on the OTC...
Want to know what the crappiest part is?
Is Bill a fraud? Yes he is.
But he exists because traders open accounts or and start trading with little to no knowledge. He exists because people are easy to scam.
The above scenario where me and bill talk about a debt exchange is for example only.
I don't hang out with guys operating on his level. He's a piece of crystal clear glass...easy to see through. His clothes are cheap and the only thing cheaper than his clothes would be his personality.
Good luck to anyone holding...
Because guess what?
It gets a little worse if you're holding TPAC shares:
You see... that whole scenario I depicted above?
Yeah, the success of that debt/equity swap is reliant on a market. The market must be liquid enough to introduce the hundreds of millions of shares it takes to convert thousands in debt to shares.
When the shares are sitting at $0.0001 or even at $0.0002, there's not enough liquidity for a 50% discount...
This leaves the people holding the notes pretty upset.
They'll keep on collecting hundreds of millions of shares @ $0.0001 and offloading them at $0.0002.
Then comes the reverse split or the pump n dump or just flat out unregistering shares and leaving TPAC shareholders with nothing.
Bill is most certainly a con man...but he exists because he's allowed to.
I just blocked their BS twitter page.
Jeeez that Bill McKay is such a freaking fraud!
His lil MRVB scheme is cherry picking prices. They claim to have gotten members in @ $X and then after the fact, claim they said to sell before $X fell.
But they're cherry picking the price. Anyone with half a brain can see through that scheme in a second.
Bill sure knows there is a sucker born every minute.
If you even get slightly critical or question a time stamp, they lose their minds and tell you bash you.
Lol Bill... I've been trading for 20 years...it takes two seconds to see that you're a fraud.
So I blocked em...good riddance, now my twitter feed isn't being blasted with BS.
Anyone who thinks for a single second that TPAC is legit has a lot to learn the hard way.
9,874 other penny stocks out there... yes, most of them may be scams, BUT TPAC is most certainly a scam.
Lol at they sell bearings...
No wait...they sell water in Africa...
No, wait, they sell bourbon in China...
No, wait, they sell bikes...
Wait...no...they're a trading platform THATS NOT REGISTERED WITH ANY REGULATORY BODY claiming gains AFTER THE PRINT HAS ALREADY DRIED.
It must be the shorts making SFOR drop today!
Grrrrrrr, those little rascals.
Wait,
No...
Clocking a million shares a minute in volume...it must be the Market Makers shaking the tree and causing SFOR to drop like a rock!
Grrrrrrr those little scamps!
No...hold on a sec...
Maybe it's the 1 tick flippers...those guys are always stacking the ask...or the bid...
Scalawags, each and every one of them.
No matter what...it couldn't be the 10Q? The dramatically poor revenue numbers and it couldn't be the debt load, and it most certainly couldn't be that the company is running out of cash.
Which is faster?
A rocket?
A boat?
A train?
I keep hearing about how they're all leaving soon and how they're all named SFOR and that no matter what, you don't want to miss it.
Whether you're taking a rocket to the moon, or a boat to paradise, or a train to the promised land, your tickets just got about 15% cheaper...
Which is weird...because I could have sworn that I read how dismissals WITHOUT PREJUDICE aren't a bad thing. Pretty sure I read that I don't know what I'm talking about and that DWP's are good things.
Stocks go down with good news?
Weird!
It's so weird that a company with dwindling cash and more debt and more shares is struggling to climb.
Don't worry though...SFOR is going to have a phenomenal 2nd half of the year...I mean, it's going to be this year, right? Just a few quarters away?
It couldn't possibly be that Mark Kay spent a substantial part of 2016 talking about big deals that were only a quarter or so away right?
YES!!!
MSFT did get it dismissed!!!
WITH FREAKING PREJUDICE THOUGH!
That's why MSFT paid $9.7 million to SFOR ....BECAUSE THERE WAS PREJUDICE !
Sheeeeeeezzzzz people...
This V case was DISMISSED WITHOUT PREJUDICE!
WITHOUT!
There will be ZERO monetary compensation or ANY FORM OF COMPENSATION !!!
NadA!
That's what DISMISSED WITHOUT PREJUDICE means!!
Quit saying that this is just like MSFT... it isn't.
SFORS CASE WAS DISMISSED WITHOUT PREJUDICE!
Basically, the two said "you go your way, I'll go mine...and either of us are getting any damages"
Pretty much the worst possible outcome.
Now, the other 6 suits will seek the exact same remedy.
DISMISSED WITHOUT PREJUDICE!!!!!
Without prejudice!
That means SFOR gets absolutely NOTHING!
NOTHING!
Not a single red cent!!
Do you even know what that means?
If Vasco got it dismissed, NOW EVERY ONE ELSE WILL SEEK DISMISSAL FOR CAUSE!
Longs are so screwed.
SFOR will be at $0.0010 at the open on Monday.
Crash City, population: All longs
Well.. that 10Q sucked!
Seriously... you can love SFOR or hate them, but that 10Q SUCKED!
That revenue number is a FLAT OUT MISS.
I don't care if you like SFOR or not, but that revenue number should scare the crap out of any intelligent long.
The 10k showed that the 4th Q for SFOR sucked. BUT, Q3 numbers were good...so how
HOW EXACTLY did SFOR only scrap together $83k when they're supposedly signing MASSIVE deals.
ALL FREAKING LAST YEAR, Kay said "ohhhh we are signing great deals"
I get it...he's already said that Q1 wasn't going to be anything worth fireworks and that Q's 3 and 4 will be enormous...BUT WHAT THE HECK!?!
All last year he kept telling any dummy who'd listen that they were going to be signing deals LAST YEAR.
With Mark Kay, it's always NEXT QUARTER will be great.
If I was a long...I'd be chewing his ass right now.
I'm not creating fear.
Not at all.
Do your DD. When you're all done, good DD can provide insight as to what you can expect.
Getting hit with something you didn't see coming is what creates fear.
I've done my DD.
I hope that SFOR sees a revenue bump in Q1. A revenue bump will help preserve cash on hand.
Turning a blind eye to SFOR's FINANCIALS will not help anyone.
Not trying to buy your shares on the cheap or scare you into selling.
There are 2.35 billion shares out there...I can buy as much as I want, for whatever price is listed and not have to scare you or anyone else to get em.
What's your problem man?
I never said anything bad about R&G or B&R.
I'm sure that they're paying them on contingency.
Maybe we will see a convertible note in the 10Q, but who knows.
FACTS ARE FACTS... nobody is forcing them down your throat.
SFOR reported in their 10k that they had about $800k as of 12/31/2016.
That 10K PROVES that they've been burning around $500k every quarter.
To point a fact, 2016 cost SFOR around $2.5 million dollars to run SFOR.
They earned less that $400k in revenue for 2016.
If they show in their 10Q that they used $500k in Q1 then they'll have around $300k left UNLESS revenue offset the costs of operations. I suspect that they'll have offsetting revenue.
If they had $300k left at the end of Q1 45 days ago, then unless that revenue has grown substantially, they are out of cash as you read this.
Those are the facts.
Math doesn't lie.
So...
Any day now they'll release their 10Q.
SFOR says they'll not file an NT. We will see. I'd love for them to break out of the whole NT rut.
I believe it'll be a selling event. I think the 10Q will show that they're out of cash.
Like it or not, if SFOR shows cash of $300k, and a burn of $500k in Q1, then that means they're out of cash right now.
With no cash, and no settlements, they'll have to start paying bills with shares.
I don't want it to be that way...but face facts, they have to pay bills and if they had $300k or so 45 days ago, it doesn't take a math wizard to see that they're out of cash now.
Kay can't pay the bills with his wit, charm, and good looks.
He'll have to turn to shareholders.
Who knows though, right?
Maybe they'll have a better cash position. Maybe Q1 was better than everyone thinks it was.
We will all see soon enough