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STAY!
PLEASE FREAKING STAY!
If that is truly how it works (it isn't. Take it from me, a 20 year investment vet) then please stay.
DO NOT buy more to average down!
PLEASE!
Just let this drop. If you staying means I can buy this stock at $0.0006 or even better, at $0.0002 then please stay.
Fun story time:
Yesterday, I was making a point about price to book value (PBV ratio) on a different stock.
I was going on and on about how another stock was so incredibly undervalued based solely on their cash (never mind the intangible/other tangible balance sheet assets) that this $42 stock (which is rising) could hit $62 per share and still just be trading at 1.0 of BV.
That means that if the company folded up shop, and were sold at fire sale prices. A buy at $42 would still get a near 40% ROI.
It was then that I kinda had a little crazy thought:
What in the world is SFOR's PBV ratio?
I mean...
We all know that they've got (According to their MRQ) next to no assets and $13 million in various debts...
That puts their PBV ratio as non-relevant.
But what if...
What if their revenues from sales have accelerated, they've paid down some debts, and are sitting on cash?
In other words? What if their asset base has grown while their debt base has shrank?
Wouldn't that adjust a PBV ratio?
Well by Gosh Darn it sure would and it would make a $0.0008 stock, or even better, a Jimmirehmam held stock that goes to $0.0003 look pretty amazing.
PBV ratio uses two widely accepted models to form. With SFOR, while the models are used, there are some guesses which must be made to complete the equation.
Jimmirehman... Do yourself a favor:
Follow the folks on this board who've called this stock play by play ahead of the move...quit following the JK'sters of the board who claim one minute to have 70 million shares while they bash the trader, and claim the next minute they've got 20 million shares because they've sold a lil here and there.
This stock?
It's going to see a bid of $0.0006.
If you're lucky, you'll buy at $0.0007 and if you're crazy lucky, you'll get a fill at $0.0006.
After that, from now through July, you'll watch those prices soar.
From reading your posts though... You're out of money. Broke like a mule after crossing the great divide. And from reading your posts, you'll just reply with some sad sap response where you're looking for some weird kind of pity.
Anyway...
Long SFOR and going to buy more because I believe I've funded my lifestyle by being right...or close enough, and I'm not wrong here.
Insert smiley face here
Gawd I hate when I do that...
Looked at last years Calendar....
Thanks for the correction.
In any case, it ain't the end of the world if we don't see a 10Q or NT today.
Hey Mass,
Just FYI: SEC filings for our 10Q with SFOR is due today. An NT FILING would be due THE DAY AFTER the 10Q final due date.
If a due date falls on a weekend or holiday, then the filing is due on the next business day.
Here is a direct quote:
"Below are the SEC rules used to identify domestic and foreign compliance deadlines for all companies. Please note that if the due date falls on a weekend or holiday, the filing is due on the next business day (reference Exchange Act Rule 0-3). "
And for your weekend reading enjoyment, here is a link:
https://www.merrilldirect.com/cps/rde/xchg/merrilldirect/hs.xsl/edgar-sec-filing-deadlines-and-holidays-2015.htm
Posting a little knowledge always helps people identify who knows what is really going on from those who simply beat their chest while yelling they know what's going on.
Now...
To be clear... SFOR could file their 10Q today and that'd be great. It'd be wonderful for them to file a 10K or a 10Q without preceding the filing with an NT. It'd be the first time in a very very long time, if ever, that they've done so.
(Fun fact time... Did you know that a 10Q is a truncated, or shorter version of a 10K and doesn't have the same auditing standards as a 10K? It's true. It's also a reason for alarm because most companies are more likely to file an NT for their 10K than they are for a 10Q because 10Ks take a lot more time, and cost a lot more money to file than a 10Q does. That's why investors or any quality are more willing to forgive the occasional NT 10K than they are to forgive serial NT 10Q filers)
If SFOR doesn't file their 10Q today, or file a NT today, the NT will be due on Monday.
Hope this helps clear up the myths and misconceptions here that seem rampant on the board today.
TThutch,
Please review pages 26 (towards the bottom) through page 28 of the 10K.
Grab your calculator and see EXACTLY what the balance of convertible promissory notes and other convertible debt features.
I've done the math for everyone who wants to review it. Over $6 MILLION in convertible debt features.
I don't know why you hate the message so much TThutch. The post is to prove there is still a SUBSTANTIAL RISK of dilution and that not all debt has been paid. Convertible debt CAN ABSOLUTELY BE DILUTIVE! Just because it can be, doesn't mean IT MUST BE.
That's why I'm not afraid of the debt...because I understand it.
You cannot deny that any of my previous post debt claims are wrong nor can you deny that ANY DEBT ATTACHED TO SHARES CAN BE DILUTIVE! Why do you hate it or are afraid of that being a fact so much? What part of it scares you?
Maybe you're just afraid of the share price direction lately. Probably still blaming phantoms like "tick traders" and "mean ol Market Makers" on the share price fall. Maybe you need to believe there's no more possibly dilutive debt because an R/S threat scares you because you're over invested.
No matter what the reason, I've tried my very best to explain the balance sheet and the current debt devices that SFOR has. I've also explained that I love the SFOR story and am bullish the stock, a buyer of the stock, and can actually imagine a place where the shares are much much higher than they are now and are currently terribly undervalued.
I know all of this through my decades of being a professional, now private trader.
I won't debate the debt issue further. Anyone who can't see the facts for fear, will never see the facts.
An ABSOLUTELY INCORRECT claim here IS:
"There is no more dilutive debt and an 13G proves it"
It is nonsense to write such a claim and it is even deeper nonsense to believe it when there is proof in their 10K that dilutive debt remains.
Allow me to "take you to church" and explain:
Of course there is dilution. SFOR has $13 million dollars in convertible debt. Do you know how many shares $13 million bucks in debt turns into at $0.0008?
I've done the math for you;
FOURTEEN BILLION FOUR HUNDRED MILLION, FOUR HUNDRED ANF FORTY FOUR THOUSAND SHARES!
YUP! That's right folks...
Those of you who wrongly believe that the latest 13G means there is no more dilution, need to seriously be quiet, and take a lesson here.
A 13G is a divestment statement. It basically says that someone, using some feature, had invested (usually through the purchase of debt features) in SFOR and they no longer hold that investment.
DIVESTMENT STATEMENT!
Now... Open up the 10K.
Start on page 30 of the latest 10K.
Every single convertible debt agreement listed there was a balance as of 12/31/2015.
Now we know that SFOR DID PAY OFF SOME VERY TERRIBLY DILUTIVE DEBT FREQUENTLY REFERRED TO AS "Toxic Debt". They used their MSFT settlement to pay that toxic debt off. We all know this and kudos to management for doing so.
We also know that their proceeds, net of fees and costs was $4.9 million. Simple math tells us that even if they allotted 100% of the proceeds to paying off warrants or convertible debt features, they would only have paid off about 30% and would still have a CVN balance of over $9 million in CVN debt or Warrants or Units.
WE ALL KNOW THAT SFOR DID NOT ALLOCATE 100% of the proceeds to debt so we all SHOULD KNOW that SFOR still has dilutive debt.
Any debt that can convert to shares is dilutive. NO DEBATE! IT IS DILUTIVE DEBT!
You can choose to keep believing there is no more dilution. At this point, if that is what you choose to continue to believe, that belief flies in the face of proof that dilutive debt remains, and via that debt, dilution still remains.
Or
You can choose to now believe that there is still dilution and further risk of dilution. You can also choose to not be so bloody afraid of it. Convertible debt isn't that big of a deal. It all depends on how well management handles it and here's the good news, I mean really good news: management has already proven that they'll pay off debt with cash when they can BECAUSE THEY'VE ALREADY DONE SO!
After all this, if you still choose to believe there is no dilutive debt...if you've gone to the 10K and seen the list of convertible balances for yourself. If you've seen there is NO WAY SFOR paid all of those balances off. If you still want to argue with me... Then please just don't. Just go hit your punching bag, go throw your laptop, go for a run... Do something else that is smarter than debating a fact with someone who clearly knows more than you and is simply trying to explain it.
I'm long SFOR. I'm bullish the stock. I've been buying the stock all morning and I'll buy at $0.0007 and even at $0.0006. I'll sell the whole bit if $0.0006 support fails and try again at a lower price. I don't think that'll happen though. I believe my $0.0006's won't fill and think I'll be lucky if the $0.0007's fill before a run that I'm anticipating.
Why am I buying if the first part of this post sounds so "basher"?
Because I'm not afraid of debt. Not afraid of dilution. Just because you're afraid of it, doesn't mean you should ignore its existence. And just because you're afraid of it, doesn't give you the right to propagate a known lie any further .
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LOLOLOLOLOLOL
I'm NOT WRONG BUD!
I read the 13g.
Why?
Why does anyone read such nonsense?
Because that's what I do "Bud"!
I read the nonsense because the devil is in the details...especially with these penny plays.
Your ass needs to back the truck up and read the 10K.
You're funny sky dog... You're letting people with aligned interests do your research for you.
I do it all for myself.
I'm bullish SFOR... But I'll be damned if I'm going to let you or JK do my research.
Okay...
When you decide to actually post a coherent thought, let me know.
I've read the 10K.
You are absolutely wrong. You've pinned your thoughts to DART and you're wrong.
What I want you to do is read the whole freaking 10K.
If you actually read it, and still decide to correct me Mr. "trading 101", I will literally lose any faith in anything you write.
Sheeeesh...
ITS IN THEIR FREAKING 10K THAT THEY HAVE CONVERTIBLE DEBT FOR CRYING OUT LOUD! WHY IN THE WORLD AM I EVEN HAVING THIS CONVERSATION WITH YOU!?
That's it Jk. Either you read the 10K and discover the convertible notes with maturity dates over the next few years or don't even bother ever responding to my posts.
I've long felt you and I, while both long SFOR, are not on the same playing field, but you sir, you're proving it.
Dude?
Who the eff keeps telling you there are no notes... As in convertible notes and senior convertible notes.
Seriously?!!
Who keeps telling you this?!?
Whoever it is needs to be punched squarely in the mouth for making you sound stupid when you post such nonsense.
Does SFOR have DEBT ?
Yes!
Is this debt in the form of convertible notes, warrants, and share promises ?
YESSSSSSSSSS!!!!!
Holy crap man! Read a 10K!
Even there due 10Q will show debt attached to shares in some way.
Hey John...
If there is no one who is telling you they have no convertible debt, and you are just making it up to post something to sound smart... Then shame on you man.
Go SFOR
And as always
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The 10Q is DUE BY May 16th, which is a Monday.
Please read SEC 10Q due dates for non accelerated filers who's Quarter ended March 31st.
SFOR has a long history of filing NT (Not Timely) forms with the SEC for their 10K's and 10Q's and I don't expect that tradition to end this quarter. That being said, they'll have 5 days (calendar days, not business days...I hope this clears up the "what if the due date falls on a weekend" question.) The only dates that filings are not accepted are dates which the SEC is closed. Those dates can be found here:
http://www.secfile.com/our-resources/secdeadline/
All that said, SFOR has UNTIL the 16th (next Monday) to file their 10Q or file an NT. They could file any day between now and the 16th and I hope they do.
If they file an NT on the 16th, then they have 5 calendar days to file.
Bottom line, you could see their 10Q as early as today, but no later than the 16th unless they file an NT (they've always filed NT's)
Personally, I think anyone holding their breath this week for a 10Q is simply being naive. I'll be surprised and happy if they don't file an NT and push their 10Q out to the week of May 22nd.
It's due 45 calendar days after the Quarter ended which was March 31.
SFOR is a pattern "Not Timely" filer, so expect to see an NT filing with the SEC on the Q due date.
NT QUARTERLY Filings allow for a 5 calendar day extension before the filing would be due.
So, fingers n toes time here;
7 plus purple, carry the fish, divided by burnt popcorn equals:
May 15th is the due date. If they file an NT, it puts the due date back to May 20th.
BOOM!
$0.0009's on deck!
Last support between here and $0.0006.
Yup... It's a full on attack on the $0.0010's.
With this kind of near constant pressure on the $0.0010's there's no way they don't break down and put $0.0009's on the board.
It's obvious that the Bulls aren't cutting the mustard here and it's pretty apparent that the "10Q will save the day" crowd haven't shown up yet.
Maybe next week will prove to be better for the SFOR Bulls.
On a side note, my AAPL OTM's at $92 hit today. (Wrote about that short position two weeks ago in here just as a heads up for anyone in here who doesn't only play with penny plays)
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Insert smiley face here.
Ohhhhhh my gosh!!!
$0.0010's are on deck.
This is HUGE!
This is terribly bearish!
I for one am both shocked (I've been an advocate of buying the $0.0011's because I've felt that there would be a BUY ahead of the 10Q) and pretty excited to have the opportunity to buy this stock at sub $0.000X prices.
Saw it coming though...
Seriously...read my posts... I've warned of a break through the $0.0011's. The $0.0009's will be the next floor.
After that, no floors between $0.0009 and $0.0006.
After $0.0006 the next floor is self evident; $0.0001.
Why? Because penny stocks (due to debt v. Revenue) have only one natural direction and that is, LOWER.
In my opinion, Mr. Kay is failing shareholders. Maybe there is some wisdom behind his general silence, but I believe there are two types of CEO's: the lead from the front type, and the rest. It's proving out to be that Mr. Kay is of the latter breed.
It's too bad, I've had so much faith in him.
(As I wrote this, $0.0010's hit the ticket and traded, our $0.0011 support is broken. Look out below!)
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My hat is off to the Bulls today for salvaging this stock off the $0.0011's.
Only Bulls could have done it and every session the Bears can't break through the $0.0011 support line, they, like anxious longs, get desperate and let the clouds of doubt seep into their view.
I for one, hope the Bulls see the strength of $0.0011 support. It weathered pressure last week and was tested again today. To point a fact, if it weren't for diminishing volume, seemingly daily, I'd be almost fully convinced that the Bears have lost and it's up from here. Hard to be 100% bullish on a 16% bounce off session lows when volume was so lackluster.
But... Bullish is bullish, even if I'm not 100% bullish.
Also,
A whole lot of folks think a 10Q is due this week.
Look up 10Q's DIRECTLY from the SEC site. DO NOT USE third party sites as they're misleading.
Here is a direct quote:
"A. Rule as to Use of Form 1O-Q.
1. Form 10-Q shall be used for quarterly reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)), filed pursuant to Rule 13a-13 (17 CFR 240.13a-13) or Rule 15d-13 (17 CFR 240.15d-13). A quarterly report on this form pursuant to Rule 13a-13 or Rule 15d-13 shall be filed within the following period after the end of each of the first three fiscal quarters of each fiscal year, but no report need be filed for the fourth quarter of any fiscal year:
a. 40 days after the end of the fiscal quarter for large accelerated filers and accelerated filers (as defined in 17 CFR § 240.12b-2) ;and
b. 45 days after the end of the fiscal quarter for all other registrants."
Many people are suggesting their 10Q is due this week.
It's clearly not "due" until the 15th and would require a NT filing with the SEC to file their 10Q after that date.
Given the historical precedence set by SFOR, I'd suggest there is a real likelihood that they will file an NT.
Just FYI... I see there is an "email" floating around here where Mr. Kay says that they'll file on time, or when it's due...
It is well within a CEO's conditioning to accept any filing before the NT grace period expires as "on time" or "before it's due".
In many ways, it is very similar to a person using the full grace period on their credit card/mortgage/etc, before considering their payment to be "late".
Longs just need to keep seeing these $0.0011's hold.
Bears have been stymied at $0.0011 several times today and over the last week.
Honestly, I'm really surprised. I really felt there would be a pre Q rally.
I felt that either SFOR would solidify a Q release date (hoping the closest thing to a release date press release isn't their usual SEC NT filing), or their would be more than just an Ihub rumor of revenue, unit sales, etc.
I had been hopeful that a broader spectrum of traders would be attracted here before a 10Q. More or less, a "buy the rumor, sell the news" share price pop but it doesn't seem to be in play.
While the Bears can't seem to break the $0.0011's down, the Bulls can't seem to catch n keep $0.0014.
All in all, it's not a terrible range to be in, because there are clear support levels and clear resistance. If it breaks lower, it's obvious what to do, sell. If it breaks above $0.0014 or even closes at $0.0014 it's obvious what to do, accumulate or buy.
Trade well
Insert smiley face here
I have a strong belief in SFOR patents, products, contracts, and management as well.
Trust me when I say it's sometimes hard to divest a position for profit when you have so much faith in the upside.
Penny stocks are easy...they're the easiest thing in the world.
SHORT THEM or always let a bearish bias guide you.
99% of them are dilution based, stock schemes where the only winners are the two employees who identify themselves as CEO's and their debt cronies. Everyone else in a penny stock ultimately loses in the 99%.
SFOR, I believe, is the 1% so I do struggle with bearish calls...but then I remember this:
Penny stocks all have convertible debts. All companies do, BUT a penny stock CN's or SCN's (senior convertible notes) have a much more direct impact on the share price due to; low liquidity, low share prices, the sometimes dramatically toxic details of the notes, and typical low volume trading days...not to mention, penny stocks typically have less than a few hundred total shareholders and vastly far fewer "accredited" shareholders as compared to a tougher short (AAPL) with thousands upon thousands of both types of shareholders (currently short AAPL with OTM $92's)
All of that means this: a penny stock has a natural direction, which is lower. Without news and without a very strong base of Bulls with lots of capital, a penny stock will test support levels and break through them and continue to do so UNTIL a catalyst lets Bulls overwhelm convertible features of debt AND the shorts who'll pile on at the apex of a Bull run. Not to mention, Bulls have to always have the daily cash to buy to usurp the traders who choose to divest for varying reasons (beer money, impatience, etc.) on a daily basis (like today with SFOR... Not enough "regular Bulls or new Bulls" with cash on hand to beat the Bears...hence a lower stock price).
What I've written here is not my opinion... It's math, aligning with capital market financing theory.
So, there you go. There's 6 years of college and 20 years of professionally investing wrapped up into one short Ihub post.
If it helps, I've outlined in two previous posts where I'll start buying again. At this point, I'm fairly confident that I can re-buy my shares plus any profit from my last sale at steeply discounted prices.
By the way... On a side note, a less formal note... I disagree with Mr. Kay. He has an ample supply of tools at his disposal WITHOUT a pump and dump protocol to support the share price.
After all, he's the one who wants to sell the company or the patents or licenses right? Well? The last thing you want to do is let your share price sink if you're looking for maximum value.
Some tools he's not using:
1.) issue a press release details any AMZN "glitches" and their resolve to fix those glitches.
2.) issue a press release with unit sales guidance versus the rumor of a glut of product sitting idly in some warehouse.
3.) issue a press release detailing the 2016 10Q date.
These are just a few tools he has where it's not a P&D so I disagree with him as he lets his stock free fall when he could lead from the front.
Oh... And:
4.) A press release saying "we know loyal shareholders have sat through 4 reverse splits. While we felt these moves were in their best interest, we realize how damaging these moves can be. The board has decided to buy back shares or offer a cash dividend or offer a share dividend using some of the proceeds of our latest Patent litigation win.
(That'd be big! That'd be a huge level of "Lead from the front" stuff on Mr. Kay's part.
Anyway...
Trade well.
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Thanks for the congrats...
If we knew each other in person, you'd see me as generous with boundaries, kind with boundaries, funny, sincere, and yes, brash, or harsh and or overly straightforward.
There's a time for everything and I realize my post was probably too direct in a few ways.
One thing I've learned is this : it's hard to win an argument with a smart person, and even harder to win an argument with a dumb person.
Not saying anyone here is dumb...though it's clear there are broadly disparate levels of experience and education here, what I am saying is that I should tailor my comments and guidance regarding SFOR for the masses instead of hoping everyone has thick skin, can admit when they're wrong, and can openly learn a lesson.
Speaking of SFOR and the $0.0014's, if this stock only goes as low as $0.0011, then bounces back to the $0.0014's then guess what Bulls?
That means, from a TA perspective, that the step in the charts went like this:
Bears tried and couldn't bring it below $0.0006. Stock rallied and fell and the Bears couldn't get it below $0.0007, then $0.0009, then $0.0010, and the latest bear fail would be $0.0011.
That'd be very bullish and we'd see share price ascent, volume acceleration, and in theory, higher highs to go with higher lows.
If this stock can't get below $0.0011, I'll buy my sold $0.0015's and $0.0016's right back and cross my fingers that $0.0014's give way to $0.0016's which hopefully cave to $0.0017's then off to the races.
So there folks... Put those prices on your radar. At the very least, they are price points of interest and at best, they're price points you can safely add to.
As I stated in my previous post, if the $0.0011's give way to $0.0010 then you GOTTA (from a TA perspective) watch the pressure on those $0.0009's.
Because if the Bears can take SFOR to $0.0009 then that sets up a broken chart, a lower low scenario and a clear route to $0.0006 which would be the last support line between here and ...well, lower than $0.0005. :(.
Even if that bearish scenario unfolded, I'd just be a buyer, hand over fist because I believe in Mr. Kay, and SFOR's product, patents, and revenue generating contracts.
This fall from $0.0016 to $0.0009 was forecasted by volume indicators, a failure at $0.0016, and then confirmed when SFOR fell back below $0.0014.
I said sell at $0.0016, $0.0015, and reiterated the sell call when $0.0014 support failed.
Does that mean I'm short SFOR? A basher?
NO! All it means is that I could not stay bullish the stock when several indicators said it was headed, short term, lower.
What am I expecting?
I'm fully expecting $0.0009's to hold.
In fact, I'm viewing the potential to get $0.0010's as soon as today, but maybe by tomorrow.
I come in here and see the same news just getting regurgitated...
MSFT win, product on AMZN, Target, 10Q coming, blah blah blah.
Some of you think that retail chatter alone will lift the stock...it won't.
What this stock needs is for Mr. Kay to step up and lead. Issue some unit sales guidance, issue a definitive 10Q date. There are far too many people who don't know what they're doing saying that the 10Q is due by May 6th. No it isn't. It's due by May 15th. That said, SFOR has a LONG history of filing for extensions. Since it's a 10Q, that extension is a 5 day extension so it'll likely be all the way to the 20th before we see a 10Q out of SFOR.
Now if Mr. Kay, were to issue a press releases stating the 10Q release date within the 45 day, post Q1 date, that'd be bullish for the stock.
Without that PR...Bulls, Bears, and traders of all kinds can just assume the 10Q will be issued between May 15th and the 20th.
Without "lead from the front" press from SFOR this stock is naturally going to be pressured.
"But the toxic debt is gone"
NO IT ISNT!
As with a snake bite, so goes convertible notes and there are varying degrees of toxicity.
Does SFOR still have debt with convertible notes attached to that debt?!? Yes they do!
As long as a penny stock company is issuing or has issued convertible notes with discounted stock prices attached, then those convertibles are in play and will pressure a stock.
Make no mistake...
I love SFOR. I'm a trader first though.
I've bought the $0.0010's and $0.0011's multiple times now and sold each time for wonderful profits.
When this stock hits $0.0010 I will be watching it like a hawk to see if $0.0009's get threatened. If $0.0009's fail, then I've got bad news for longs; this is going to below $0.0006.
If the $0.0010's hold I'll be a buyer and getting long again. If im lucky and SFOR hits $0.0009's and those hold, I'll be right in line to gobble those up.
If any of you want to tell me there are no more convertible notes with discounted shares? Save your breath. I'm right. Yes there are. Feel free to email Mr. Kay and ask him directly if there are any convertible debt features left as of right now on SFORS Balance sheet. What I don't want you to do is waste your time, look uneducated, and tell me there are none.
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Wise money?
Lol...
You're funny. It's actually not true. Wise money is not loading SFOR right now.
Wise money is actually sidelined because wise money sees that the Bulls have left.
Volume ?
This stock was trading hundreds of millions of shares each session and now can barely break 20 million shares volume.
Stock price decreasing?
Yup! Down 25% from highs of $0.0016 this week.
You can be bullish for SFOR but at least appear educated by not saying things which are so easily disputable and proven wrong.
Smart money may see that SFOR stock has potential, but smart money also sees yesterday and today as an opportunity to sell, and come back later to buy it all back for cheaper.
I love SFOR. I am smart money. I said to sell yesterday and I reiterate that notion today.
Sell and buy it back for cheaper.
Look at this any way you'd like, but the Bulls failed today.
Don't get me wrong, I'm a fan of SFOR. I am also a fan of trading stocks for a profit...
Did I say holding stocks that are going to surrender gains above a support line?
No!
I said I'm of trading stocks for a profit.
Did I say I hold stocks that give up gains even though I like the company, the management, the product, the patents, or the contracts?
No!
I like to trade stocks for a profit. Period! Point! Blank!
SFOR bulls lost today. They were overwhelmed by bears. The stock slid from $0.0016 back to $0.0013 before closing at Friday's close. That's a loss in my book and it means lower lows this week.
I demonstrated this point earlier today when the stock was at $0.0015 and I sold and claimed we'd see $0.0013.
Well, SFOR visited $0.0013 several times today and guess what? When the bulls lose like this, the shorts attack...
This thing, despite retail strength, is going back to, but not under $0.0010.
See you all there.
Insert smiley face here
It says that the stock broke down... Lost bull support and is headed to red today...
$0.0013 or lower.
The news... Either in a direct Press Release from the company or more or less through market talk will be;
SFOR WILL report their first ever profitable quarter.
While no one here knows what unit sales and sales revenue may look like, everyone here knows that their MSFT settlement will be booked into Q1 revenue.
Their net settlement was $4.9 million bucks. That settlement alone far outpaces quarterly costs of revenue from unit sales, marketing, etc, so it stands to reason that Q1 2016 will be billed as their first net profitable quarter. Add onto the settlement any unit sales, online, big box retailers, etc. and we will get a profitable quarter which is so rare on the OTC.
I'm long SFOR. Hope everyone is having a great Monday
I think there are a few people to listen to on here regarding the merits of SFOR as well as accompanying bearish views.
I think that anyone who's simply full on BULLISH SFOR and refuses any critical views of SFOR has their head in the sand and is foolish.
I feel the same about any SOFR bear who refuses logical, succinct reasoning behind a bullish sentiment.
Case in point: yesterday's 13G. The people who actually looked up what a 13G is and looked at examples of 13G's or who already are educated in 13G's understand that it was simply a divestment statement. First, you INVEST (buy shares or debt, notes, warrants or combinations (AKA Units) of the underlying security and are invested. Some day, you DIVEST (you shed all or a portion of those securities. Yesterday's statement basically said "I, Mr. Fife, the President of these institutions, have invested, and now I'm divesting, fully".
Does the 13G mean All toxic debt is GONE? No! Not at all. It simply means Mr. Fife has moved on.
To read this board yesterday, you could easily cherry pick the people who know, and have done their DD, from those who didn't simply by reading posts which said either "toxic debt is gone", or "there is still toxic debt".
Those on this board doing their DD are easy to pick out and should be followed. Is easy! Fact check them. When someone says "the sky is falling"...look outside...is it really falling?
When someone on the board says a 13G means all toxic debt is gone, Wikipedia a 13G and examples...you'll see that's not at all what it means.
Once you see a poster make claims you've fact checked and debunked, you can assume that the rest of their musing is probably worth about as much any other hot tip from the shoe shine guy.
Anyway...
Happy Friday. I'm happy to see decent volume and a earnest effort by the Bulls to lift this stock into the weekend.
I'm extremely bullish SFOR. Headwinds? Absolutely! This company has proven they'll adjust share counts to improve curb appeal.
The company has a product unit sales transparency problem. The company has offered zero guidance into unit sales. That said, in very well positioned and in positive carry. I see this stock going above a penny.
Overnight? No! Certainly not.
We will see though.
Anyway, have a great Friday all and trade well.
Insert smiley face here
Lolol...
Seriously?
No whales left here?
Read the following as carefully as you can, and do your best to understand the full breadth of what I took the time to write, for your benefit, and the benefit of others:
I am a full time, independent, professional trader. I mostly deal in NYSE, NDAQ, S&P, Futures, Forex, Commodities.
To point a fact, I've loaded up on so much oil is swear that T. Boone Pickens himself would be jealous. Fact: There is a finite amount of oil left in the world.
Fact: The finite amount of oil left in the world gets reduced every day from global demand.
Fact: BBL OIL PRICES IN THE $30's was a gift that I will enjoy, my kids, and their grandkids will enjoy.
My passion is numbers, math, and forecast. So charting came easy as did seeing stock potential versus risk.
I've made a nice living trading.
Penny stocks are my dirty lil secret, which, if you ask me, isn't the worst dirty lil secret to have out of all the dirty lil secret options in the world.
Mostly, I bet against them. Penny stocks are so easy to bet against; huge debts, no product, no leadership, SEC hurdles (i.e.: non SEC compliant) no revenues, and the list goes on.
SFOR is that "great white buffalo" penny stock that I actually get behind.
Sure, I've traded, or flipped hundreds of penny stocks before, but I mostly bash them (fun fact time: C (Citigroup) was a penny stock! Yup! When banks were failing left and right, the behemoth known as C (Citigroup) dipped below a buck. I bought so much of them and BOOM! They soared...of course later they did an R/S which brought their stock to $25 and its dipped, but clearly risen since).
It's easy to bash penny stocks...zero leadership, no revenues, one or two employees working out of an office, etc.
SFOR is not the usual penny crap.
I respect their management. Their product is selling which is generating revenue...though we don't know how much...a little transparency on unit sales or forecasts would be nice.
Bottom line; Thar be whales here, they're just not as visible as they were last week.
As a surfer, I laugh when someone asks "what if you see a shark".
I know there are always sharks, you just don't see them all the time.
There are whales here. You just don't see them right now.
As soon as there is any mention from the management of product unit sales, sales forecasts, or the hint of their first ever profitable quarter (it will be Q1 of 2016) the whales will surface.
Use this quiet time to accumulate before the whales show up immediately following the next PR from SFOR.
Thar be whales here, the only question is whether or not you're smart enough of a trader to position yourself well, before they do.
SFOR!
SFOR is the 1% of all other penny stocks that most investors, traders, flippers, value buyers search for and rarely find.
Those traders listed above usually find the 99% which have tons of debt, no revenue, no real product, an unproven management team, SEC hurdles, and the list goes on.
SOFR has several patents in a hot sector. I can name a 100 other penny plays with patents from 10 years ago that still think they're relevant today. SOFR's patents are new tech and forward looking. In other words, their valuable patents will likely be more valuable as "on the line" security gains more and more traction.
SOFR has secured, guaranteed contracts worth millions of dollars in payments over the next 3.5 years.
SOFR is fighting patent infringement and has already booked a win against MSFT. This is irrefutable. If MSFT could have won, they would have. They've got $BILLIONS$ in cash lying around and they're not afraid to deploy it to win a patent case. When they went up against SFOR, they lost.
SOFR has a pedigreed management team. Look them up! I did! I researched them as far as I could go. These guys DO NOT HITCH THEIR WAGONS TO LAME PONIES!
SOFR has revenue. (Haters will say: "their revenue last quarter was "X" thousands of dollars" (and I'll say "yup! You're right! However, Q1 of 2016 will show a revenue of MILLIONS AND THEY WILL POST THEIR FIRST EVER PROFIT PER SHARE!" To which I'm sure haters will say "yeah! Because they won a lawsuit against MSFT!" I'll simply smile and say "can you say that again and tell me why that's a bad thing?"
SOFR has actual product! "Say WHAT?!?" Yes! Their products are for sale "on the line" at Amazon™, Target™, and coming soon to Staples™ and who knows where else.
I can't confirm this, but AMAZON says they're currently sold out of SOFR software.
If you're looking for "The great white buffalo" of penny stocks, you've found it in SOFR. If the stock price drops, you use those drops to add.
Out of money in your account? Transfer some in, wait those dreaded three days for the funds to clear and hope, I mean really hope, that the stock has dropped. It's not dropping from a lack of demand...its dropping through other nefarious inventions on Wall Street that allow those nefarious types to short and create an illusion of gluts of supply when there is none.
I'm a buyer.
Insert smiley face here
Report TOS
SFOR!
SFOR is the 1% of all other penny stocks that most investors, traders, flippers, value buyers search for and rarely find.
Those traders listed above usually find the 99% which have tons of debt, no revenue, no real product, an unproven management team, SEC hurdles, and the list goes on.
SOFR has several patents in a hot sector. I can name a 100 other penny plays with patents from 10 years ago that still think they're relevant today. SOFR's patents are new tech and forward looking. In other words, their valuable patents will likely be more valuable as "on the line" security gains more and more traction.
SOFR has secured, guaranteed contracts worth millions of dollars in payments over the next 3.5 years.
SOFR is fighting patent infringement and has already booked a win against MSFT. This is irrefutable. If MSFT could have won, they would have. They've got $BILLIONS$ in cash lying around and they're not afraid to deploy it to win a patent case. When they went up against SFOR, they lost.
SOFR has a pedigreed management team. Look them up! I did! I researched them as far as I could go. These guys DO NOT HITCH THEIR WAGONS TO LAME PONIES!
SOFR has revenue. (Haters will say: "their revenue last quarter was "X" thousands of dollars" (and I'll say "yup! You're right! However, Q1 of 2016 will show a revenue of MILLIONS AND THEY WILL POST THEIR FIRST EVER PROFIT PER SHARE!" To which I'm sure haters will say "yeah! Because they won a lawsuit against MSFT!" I'll simply smile and say "can you say that again and tell me why that's a bad thing?"
SOFR has actual product! "Say WHAT?!?" Yes! Their products are for sale "on the line" at Amazon™, Target™, and coming soon to Staples™ and who knows where else.
I can't confirm this, but AMAZON says they're currently sold out of SOFR software.
If you're looking for "The great white buffalo" of penny stocks, you've found it in SOFR. If the stock price drops, you use those drops to add.
Out of money in your account? Transfer some in, wait those dreaded three days for the funds to clear and hope, I mean really hope, that the stock has dropped. It's not dropping from a lack of demand...its dropping through other nefarious inventions on Wall Street that allow those nefarious types to short and create an illusion of gluts of supply when there is none.
I'm a buyer.
Insert smiley face here
No...
The DOJI is not.
Either you cannot read and interpret DOJI or you're purposefully being misleading.
I love this sector and I love PHOT.
I believe in their management and I believe in the industry.
However, it is quite clear that PHOT has opted to dilute the commons here and I don't blame them. It's an easy resource to tap BUT it does mean that 6 months from now, the stock price will reflect a caustic dilution.
It's all in the name of survival and years from now, I'm confident that PHOT shareholders will be quite content...
But there is no DOJI buy signal and there is no bullish signal in any chart.
The best thing PHOT loyalists can do right now is:
1.) sell and buy back when this stock hits $0.00X because it is going sub penny.
2.) hold, don't sell, let this stock fall into sub penny land and then average down (that's my personal choice, it is what I am doing. I'm not selling because I don't have to free up capital to trade elsewhere while waiting for PHOT to bottom)
One thing is clear, PHOT is not a buy. No chart, and no reason exists which tells me (a 20 year veteran of trading stocks, futures, forex, commodities) to add here. As much as I love PHOT and believe in the industry, nothing exists that says any dollar I throw at PHOT will be profitable. This is a HOLD. This is a hold and wait. This will be a profitable trade but not for a while. If you need to sell to make money elsewhere then do it. If you don't need your PHOT cash then just sit and wait to add when I tell you to, but be forewarned, that buy indicator from me will not be until this stock is sub penny.
Trade well
Your point is one that I have repeatedly exclaimed:
Buy the rumor.
Holy cow! I saw settlement rumors with great traction (reasonably so) which suggested a settlement in the 10Q in the 20-30 million dollar range, and I saw less traction missives which suggested 100's of millions and billions of dollars in settlements.
Each of these rumors were bought into and, subsequently sold into once the rumors were squashed.
Here's what's not a rumor, and should be bought into:
Q1, 2016 will be the first profitable quarter in the history of SFOR.
Buy into this rumor.
Ahead of the Q1 10k, take your profits.
If you think $0.0001-$0.00042 was a profitable trade, wait til you get a load of the rumors that will fly around this joint between now and the 2016 Q1.
I bought more today...and I got lucky twice on my buys...
Personally...I expect this stock to dip deeper...and I hope it does. I've been trading for a long time. I mostly just flip any penny stocks I stumble across and I generally don't like their management.
SFOR?
Sure! I'll flip them, but I'm also accumulating a big base.
Why?
Because their management team, their patents, their contracts, and their proven settlements are just a few things that separate this penny stock from 99% of the rest which are ran by frauds, played with like schemes, and smell rotten as soon as you look at their press releases which are never backed up by their SEC filings.
SOFR?
PROVEN EXECUTIVES ! These guys aren't the guys who want their last hoorah to be associated with a penny Ponzi scam and end up next to Bernie Madoff (I'm quite sure Mr. Kay has personally met Mr. Madoff and I doubt he wants to end up like him)
PROVEN PATENTS! Look... I can sue MSFT all day long, and lose twice as longer...these guys, even if it were for a few million...won.
SIGNED CONTRACT WORTH $9 MILLION BUCKS: Someone is on the hook for $9 million by 2020 and I know 99 other penny stocks that could only hope for fractions of $9 million over the next four years.
Bottom line:
Yes! The stock tanked today.. It's been tanking since it hit a high of $0.0042.
But it's my personal belief that traders and longs alike haven't seen nuthin yet.
Here are my picks and pans regarding today's 10Q release.
First, the settlement with MSFT was well within my estimates posted by me on 04/09.
"The range of the settlement will be between 6 million (two years at 3 million per year) and 36 million (9 years at 4 million). "
Came in at the low end...BUT it's important to note that while I gave a range of $6 million to $36 million, I gave reasons to suspect anything near the high end as improbable.
Revenues for 2015 were lackluster to say the least, and I'm disappointed that 2015 saw a continuation of pretty massive shareholder deficit.
Q1 2016 will show a massive revenue increase. AND THIS IS WHY traders, from novice to experienced should consider buying. The Q1 revenue will include the lawsuit proceeds as well as software/hardware/licensing revenue AND show their first ever Q profit on revenue.
Q1, 2016 will likely be one of the most "buy the rumor, sell the news" events in SOFR history.
A laundry list of potential Press Release causes exist:
1.) Q1 profits
2.) Distribution expansion
3.) Patent Litigation
4.) Patent acceptance
The list goes on.
Down 50% today and down 75% from recent highs? I look at these valuations as opportunities ahead of another big share price run.
Disappointed?
Yes!
I believe that Mr. Kay teetered on material misrepresentations regarding the MSFT settlement. That said, I have full faith in his pedigree and believe he knows the rules; knows what can be said and what can't be said.
Still, just because you CAN say something, doesn't make it a good idea. Also, on that note, it is illegal to fuel rumor and not correct it.
I'm disappointed in their revenue.
I'm disappointed in their 2015 notes and I'm disappointed that their 10Q illustrated the real risk of 2016 notes.
I'm going to end with this:
At the end of the day, I believe SFOR is the 1% penny stock where the other 99% are frauds and stock schemes because:
SFOR has;
1.) a pedigreed management that's wholly vetted. I don't believe these guys hitch their wagons to lame horses.
2.) Products on shelves, both physical shelves and e-shelves
3.) Valuable patents and patents pending
4.) Forward contracts worth millions over the next few years.
5.) A growing investors base.
The list goes on...but this post is long enough. I've added today. While I see the shares can dip into the $0.000X's I bought $2k worth at the stall price of $0.0011.
Why? Because I believe the run up for the Q1 of 2016 will BLOW AWAY the run up for the 2015 10K.
Trade well
Wow!
I can't believe the bears on this board...
With so many bullish facts that are only fractionally priced into this stock, how could anyone except those who've suffered massive losses through 4 R/S's be bearish?
Revenue?
Check!
New products with new distribution outlets?
Check!
Patents?
Check!
Settled with MSFT over infringement and settled with a cash award in their favor?
Check!
Honestly? One of the best pedigreed executive team I've ever seen in a penny stock?
Check
Future contracts worth millions in guaranteed revenue, signed, sealed, delivered?
Check
The management team here each, have never ever been known for hitching their wagon to a lame horse and it's clear they haven't done it here. What's best about this management is their transparency to shareholders and to the market.
I'm known to call them like I see them. I've traded stocks and made money AND STILL have honestly bashed a poor management team, called out a scam, or hailed successes. I'm calling this one as I see it. SOFR is the 1% of penny stocks. Where the 99% majority are scams, schemes, shells, fakes, phonies and frauds, SOFR has proven themselves to be legitimate.
I very rarely tell people to "buy or you'll be sorry"...especially in penny land where you only think $0.0001 is the bottom until you learn how a reverse split can take a pre R/S value of $0.0001 to a realized value of $0.00001...but I think this is the 1% stock that most penny traders spend their careers looking for.
It's "The great white buffalo".
I'm buying, I've been trading, professionally, and independently, for nearly two decades. I think you should be buying SOFR too.
Woooo HOOOOO...
I'm up 230%
I can't even keep up with the posts on this board...
The ones I love to read are those which advocate a sell off, or otherwise claim this stock should be much lower.
I read those because I hope to stumble across a post which reveals:
1.) the pedigree management possesses is false. From what I've seen, the directors and execs here are absolutely legitimate. These guys aren't known for hitching their wagons to lame horses.
2.) SOFR's patents are not legitimate. SOFR's patents are absolutely legitimate and have won disputes against companies (MSFT) who staunchly defend themselves.
3.) Their product is phony! I've literally seen their in box product. It's as real and palpable as it can get.
4.) future contracts. This company has signed, multi-million dollar contracts which guarantee revenue over the next few years.
5.) Revenue... Punch holes in SOFR's revenue. A annual report will give us more clarity here..but it looks like revenue will be in the millions...and that ain't bad for a sub penny stock.
So go ahead! Hit any one of those five reasons that I bought SOFR for. Show me where any of those five items aren't legitimate and then, only then, will I sell before this stock hits $1.00.
Seriously?
Who cares!
Longs "this is going to $10.00"
Shorts "This is going to $0.000X".
The longs and shorts actually pick out people to hate.
May as well be politics, religion, or taxes.
Sheeeesh
Here is what I know for a fact;
SOFR has a legitimate leadership team, a patent, a product, revenue, and a sub penny price.
Go look for any other penny stock with those things going for it and id suggest you buy as much as you can.
Find that 1% penny stock and ignore the other 99% and you'll be up hundreds of percents on each trade like I am right now.
Wow!
Just checked in on this...
I'm not surprised, but happy. I bought this stock last week because:
1.) The pedigree which the directors and managers have.
2.) The palpable product that's already on shelves.
3.) The contracts which guarantee revenue
4.) The Real patents
5.) The value
Those are 5 arbiters I use for every buy OR for every chance to slam, and not buy, a stock.
Today, here in San Diego, I'm not trading today. I was going to surf but the surf is sloppy and it's rained here for three days straight so it's also disturbingly churned with rain gutter runoff.
I'm not going golfing... It's too wet.
I'm going to go play tennis (I suck... I own a very expensive racket, but I suck) with my neighbors in town from Sweden.
I'm going to do all this knowing I bought a stock with those 5 arbiters and knowing that my investment has earned me 150%.
Also, I'm quite confident that those 5 arbiters, those five "go or no go" points, will earn me a lot more with this stock.
Lastly, if your "NDA" rant is about the "no secrets that big in Wall Street", you need to get real.
If you think for ONE SINGLE SECOND, that every last person involved in getting a deal signed, signs an NDA, or even better, if you think everyone who signs an NDA actually adheres to it, you've got your head in the clouds.
There are guys/gals in the copy room making copies for $12.50 an hour who get to see these docs... There are interns fetching binders and coffee who overhear the conversations, AND THERE ARE people out there whose sole job is to find those copy/coffee gals/guys and enlist them, solely for the purpose of getting the inside track on a stock BEFORE the big news hits.
There are NO secrets on Wall Street, only an illusion of secrecy and fair trading. So maybe you should check your facts.
Lololol
You guys CRACK ME UP!
I bought SFOR last week at a great price and am up nicely. I mention my position because I don't want anyone thinking I'm a basher or hater because I am neither.
I'm just a trader who heard of SFOR, looked into their story, and decided to go long. I hope their stock, and the company in general do well.
SFOR's executive team, and their directors, all have great pedigrees and for that reason alone, I don't think any of them would hitch their wagon to a shady pony.
That said, these enormous deals you all think they inked with MSFT are lunacy. $100,000,000.00? HAAAAA... There is NO SUCH THING AS A $100 million dollar secret settlement on Wall Street. Dozens of people from Notary Publics, to court stenographers, to office secretaries taking notes would have leaked a deal of that size.
"But, but, but, the CEO said they were awarded enough to fund their company for years."
Okay...
A quick look at their last few 10K's tells us what it cost them to fund their company for "years". Between 3 and 4 million bucks.
So? Working with the basics, the CEO reportedly said years (plural, meaning more than 1) but without having a clear definition of "years" it could be two years, maybe three, and sure, possibly more. We know he didn't say a decade so we know it's more than 1, less than 10.
The range of the settlement will be between 6 million (two years at 3 million per year) and 36 million (9 years at 4 million).
Me? It'll be neat to see the settlement come in between 6 and 10 million.
That said... The report due this week could be hugely disappointing and this $0.0017 penny stock could sink all the way back down...
I don't personally think that will happen, but it could, and I'm ready for that probability to occur.
Would I sell?
If the report is bad enough, I might take some profits BUT id do so knowing I'm going to buy it all back, for cheaper, and buy a larger stake. That Dias, I'd use the depressed price to add.
Why?
Currently my cost per share is $0.0010.
The company has a pedigreed management in place, a real product, a signed contract payable by 2020, plans for product expansion, AND patents that they've defended successfully against MSFT.
So if this stock tanked I'd be a buyer, because even if it tanks, it's a proven stock that will climb, substantially.
Supposedly, they have product expansion plans by June, and pending patent fights with other companies in the cyber security world. The company has almost always filed late, but always filed. They are current with their filings.
There are nearly a dozen reasons that separate this penny play from the other 99% of penny stocks. When you stumble onto the one percent penny stock, you use dips to accumulate...because those are the ones that pay off and let's face it, the odds are already in your favor because if they weren't, you wouldn't have found SFOR, you'd be stuck with one of the other 99% of penny stock frauds.
I'm all for that...
I think a $500 million dollar market cap might be aiming a lil high though.
Keep in mind that SFOR has a A/S of 5 Billion so even a price tag of $0.01 can seem lofty.
I've seen stranger things happen... I'm sure we've all seen utterly worthless stocks trade with unbelievable multiple/market cap so who knows right?
I do like the company...and I've only just bought in recently so I'll keep my fingers crossed with you.
For clarification...
Buying 1.5 million shares @ $0.0010 if anyone wants to dump theirs, I'll happily buy them.
I've got a 1.5 million share order at $0.0010 if anyone wants out.
Okay...
Maybe you've misunderstood.
Here is what SOGC said about their stock:
"We have too much debt. To be clear; we have so much debt that is senior to our shares that it is likely our common stock will be cancelled during our bankruptcy. Further, any person holding SOGC common stock will see limited, if any, compensation for their lost investment. Lastly, we have written huge bonuses for us, and judge Chapman signed off on them in December of 2015. These bonuses are worth more than our personal SOGC stock so we are happy and we aren't at all sorry we've screwed shareholders"
Pretty much a direct quote from their latest filing.
Now, here is a copy and paste quote from their latest SEC filing, enjoy;
"The Company has a significant amount of indebtedness that is senior to its existing common stock in its capital structure. As a result, the Company believes that it is highly likely that the shares of its existing common stock will be cancelled in its Chapter 11 proceedings and will be entitled to a limited recovery, if any. Additionally, as a result of the filing of the Bankruptcy Petitions, the Company’s common stock can no longer be traded on the OTCQB Marketplace and is now trading on the OTC Pink Marketplace."
Feel free to keep holding. You'll wake up soon seeing your shares have been cancelled.
Do you know what that means?
Do you know what "shares have been cancelled" means ?
Go take your bank account balance...today...you have say, $10,000 dollars in it and are happy.
Now,
Wake up tomorrow and see that your account balance of $10,000 is all gone and your bank says "sorry...we told you we were going to take your money so it's legal and your money is gone forever and it's ours forever and there's nothing you can do."
Insert your happy face here.