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Right Trade Time the MM's are short a bunch of shares. HAHAHAHAHAHAHAHAHHAHAHA
There is never a short on this stock. There is always several hundred million more shares waiting to be sold to the newest "chart watchers" and savants that see a triple 0's price and cannot resist. So far all before you have crashed and burned and lost all their investment.
But I am sure you know better! HAHAHAHAHAHA
The CEO said 165 million shares outstanding? He is once again lying to all of us. they have sold more than that in the last 10 trading days alone. The guy has no credibility, this stock is definitely above 400 million and now that the daily average is starting to flatten at +/- 30 million shares they are ALL new shares.
when it goes to .0003 they will sell 40 million a day and at .0002 it will be 50 million a day and when it gets to .0001 they will sell 60-80 million shares a day.
This is not speculation, this is what they have done 2 times in the last 18 months. This time it is just accelerating much faster than the 2 previous times.
They need $150,000 each month to pay salaries to themselves. They pledge their shares to the MM's at a 40% discount to the actual price the MM's sell the shares at. So if SFOR needs $150,000 for June and the stock is at .0004 they sell the shares to the MM at .00024 and have to sell 650 million shares for that $150,000 in cash. THe CEO knows this, it has been well documented in previous filings so why he is BS'ing us with how many shares are out seems crazy
HEy Bones, the litigation with MSFT is on a pure contingency arrangement so that is not why they RS 3 times. MSFT can make this lawsuit go on for 10 years without any outcome and by the way the other lawsuits that "settled" got SFOR nothing.
they are back to selling 250-500 million shares a month and when it gets back to .0001, which it will, they will be back to selling more than 1.5 BILLION shares per month.
Rinse and repeat. You should tell your lawyer friend to bone up on the law, his advice to you was K-Mart like.
Lets see White Sky was sued and they did not pay dearly nor did the other lawsuits that were settled, very likely for legal fees. Company has no cash, and no prospects but they do have people trying to sell the hype that while every other company SFOR has sued got away clean somehow Microsoft is going to pay dearly... Come on man, you can do better than that
THis is a company whose stock is in triple 0's and you think MSFT is going to cave and settle?? Not a chance. the lawsuit is only 2+ years old, this could go on for another 5 years and SFOR does not have that kind of time.
What they do have is a bunch of uninformed people who buy their stock because it is cheap. News flash...it always gets cheaper
Stargazer why would you copy and paste that inane description of the company. it is completely bogus. In order to do all that they say they do...THEY HAVE TO HAVE CUSTOMERS!
COME ON MAN
Let me see if I have this right. The stock bounces today all the way back up to where it was 2 weeks ago and everyone here is speculating that something good is going on???
Try this scenario on for size. The MM's have sold almost 150 million new shares in the last 12 trading days and they need people on this board hyping this POS in order to get them all sold. The company has to sell about 250-400 million shares every month just to make their payroll.
You are all playing right into the scam. Microsoft settles a lawsuit against Strikeforce...are you kidding me?? SFOR which has a market cap of about +/- $100k (300 million share at .0004) is somehow going to get acquired?
Here is the reality, while this worthless stock did double today, it will fall back tomorrow. And take note, since the RS and even with the stock price doubling today... SFOR is down 99.44% since March 6th, 2015
Hype that
Track welcome back I have been wondering where you have been. You loved it at .01 and .001 and now you are about to love it at .0001 which by the way is about what their patents are worth.
Anyone want to talk about the 100 million new shares sold the last 6-7 trading days? Anyone?
I still say Tradingninja is the smart one. He came in and hyped the stock for a few weeks and got a bunch of fools to bid the price up then he sold and disappeared.
Track welcome back I have been wondering where you have been. You loved it at .01 and .001 and now you are about to love it at .0001 which by the way is about what their patents are worth.
Anyone want to talk about the 100 million new shares sold the last 6-7 trading days? Anyone?
I still say Tradingninja is the smart one. He came in and hyped the stock for a few weeks and got a bunch of fools to bid the price up then he sold and disappeared.
Moe you make some good points. Here is where the questions come in. If they are not selling 600 million shares, where are they getting the $150k per month that they spend on salaries and OPEX? They ended Q4 2014 with about $10,000 of cash on hand. traditionally they have sold stock to MM's at a 30-40% discount, put up an additional 2 shares for every one sold to protect the price, and sold as many as necessary to get their monthly $150k.
Citgo is not funding the company monthly so the only option left is share sales. that is why they went from 4 million shares outstanding after the RS in May 2014 to over 6 Billion when they RS again in March 2015.
by the way for those of you reading this post. If you owned 1 million shares in April 2014, after the 2 RS, you would now have a grand total of 1 share. that is not a misprint. That is what SFOR has done to their shareholders.
Good analysis. This is already spiraling and the driver is the stock price. The low price forces the sale of billions of shares of stock which drives the price lower. 2 months ago this stock was 6 1/2 cents. It has lost 99.96% of that value and now they have to sell 500 million to 1 billion shares to just make their monthly expenses.
They could solve the issue by having a few good quarters in a row, just show some solid growth. the other thing they need to do is re-cap the company and convert all debt to shares and then RS but this time cleanly with no debt. The debt holders wont agree and management wants to hold their 3 super voting shares equal to 80% of all OS so it fails.
Complete waste of time and incredible hubris on the part of management. They need to file bankruptcy and clean up their balance sheet and then they might have a chance, not a good one but at least a chance. It amazes me that the 3 executives keep doing this. I mean it is a waste of time. the company is not saleable and as most suspected the lawsuits are all BS. So now it is back to the raw business metrics which have always been awful.
Hey Trade you seem to be a 1 person band trying to gin up some love for this POS. Patents? Yes they have some, but they have no revenue while the Out of Band market worldwide is more than $6 billion annually. Shares outstanding? 27 million? hahahahahahahaha. that is low by at least 200 million. they traded something like 33 million in the last few days and virtually all of them are new shares floated by the MM's that front them money in exchange for a 40% discount to whatever price they sell the shares at. SFOR needs $150,000 every month. at the current price of .0004 X 60% the MM's own the shares at .00024 and so at that price SFOR issues around 600 million shares to meet their cash demands. then when it gets to .0001 they have to issue 1-2 Billion shares monthly and then they RS. last time it took 9 WHOLE MONTHS. I am guessing that they will beat that record this time as the stock is already down 99.94% since the RS in March.
Last thing, if you were an enterprise and you liked their technology and then you saw their stock sells for 6/100ths of 1 penny and they have RS'd 3 times and they have less revenue than your local bagel store and they have $12 million of debt and and and... would you do business with them?
Hey TradeTime these posts are inane. Big news, huge spike?? Either you work for SFOR and you are pumping the stock, or you work at one of the MM's trying to dump the stock or you have no idea what this stock is all about. If you have insider information like you are indicating then just come out with it and say it is a "rumor" you heard.
hahahahahahahahaha you really think the phonefactor suit is what is holding this back? come on Moe, you can do better than that. What have the other lawsuit settlements brought to SFOR?? only a 99% drop in their stock price after 2 RS
come on Moe get serious
OT I also saw that they settled with WhiteSky. Here is my take, if there were even the tiniest bit of good news in the settlement then the CEO would have over exaggerated and over hyped it to drive some bounce to the stock price. He has blatantly lied so many times in print and during his now cancelled quarterly webex sessions so he has no problem doing so. This tells me that the settlement was of the "go away" variety where SFOR gets little or nothing and WS pays little or nothing. This lawsuit always seemed stupid to me. WS was a partner and they fired SFOR and SFOR needed to file a lawsuit to explain why their revenue was going to go down by +50% so they could keep printing shares. Since they filed that lawsuit they have sold more than 14 BILLION shares and done 2 RS so I guess the CEO's strategy of confuse and obfuscate worked for a while.
The real question is...why can't SFOR keep a partner. they have not had many, but they all drop them after a short relationship. Doesn't really matter any more, the company will go away sooner than later.
Keep accumulating Track, likely the CEO has a picture of you hanging on his study wall.
Everyone notice that Ninja has checked out?? Smart dude, pumped this, got a bunch of suckers salivating, drove the price up and then got out.
Track you could learn from him :)
Chart says way oversold.......WAIT, how did another 20 million shares just hit the market. Come on guys, they have to sell 200 million shares every month to just pay their salaries. there are always more newly printed shares coming, that is why charts and SFOR cannot coexist.
I agree with Scotland, maybe not in the next 10 trading days but by June 1 this will be comfortably resting back in its place at .0001
Or as it is unofficially known to SFOR investors...POS heaven
Good note Pension. And by the way, they are back to selling 10+ million shares daily, and if it stays in trip 0's it will go to 20+ million shares daily and in record time they will either have to fold or RS again.
This stock is "coming home to momma". Momma being .0001 where it has resided through most of the last 2 years, and through 2 RS in the last 14 months. I see Ninja is no longer posting. he is smart, he pumped up this POS, got a bunch of hillbillies excited, made money and cleared out before the smell hit. I respect that discipline.
SFOR has attended this conference in SF the last 5 years and look where they are. Every year they issue a bogus press release claiming to have the only patent on authentication and the only patent on keystroke encryption. Unfortunately for the company the people attending the conference are a lot smarter than the people buying these worthless shares as they wont do business with a "security company wink wink" whose only product is manufacturing shares of stock.
SFOR is dead, will be buried when you fools stop buying their worthless paper
trip 0's just a few trading days away, .0001 not far behind that. Momma's calling...
Shares issued currently way north of 80 million. And Track, you have been through 2 RS events in 12 months. You have never put any green into your pocket on this stock. YOu have lost it all just like every other investor, man up and speak the truth
So I am guessing in your "bubble" the fact that they have issued about 50 million new shares in the last 7 trading days is a good thing? Are the "charts" all aligned? Have all the SFOR bears now processed the absolutely shit results for 2014, preceded by awful results the prior 14 consecutive years?
So the answer is that they are going to have a great show next week? You guys are delusional. Nobody is going to do business with a security company that is insolvent and SFOR is 100% insolvent. If they cannot get more fools to buy shares from the MM's, they are out of business in 30 days. They have no cash at all.
At least Ninja has the right mindset. He does not give a S**T about SFOR, he just knows that if he can create enough noise for a short period of time he can make some money. That I respect. Touting this POS as a real company is lunacy.
Moe I am guessing you flunked basic math.
Price after RS was .065 or 6.5 cents
price today was .0013 or a 98% decline. But my goodness it has spiked all the way to .0018 so now only a 97.3% decline from the RS.
FACT: They need $150,000 per month to pay themselves and their bills, whatever that might include.
FACT: They take the $150,000 from MM's as an advance and the MM's get a 40% discount to the price of the stock + SFOR has to give them 3X the # of shares as collateral. Now I know you are not good at math so let me help you.
todays price is .0018 which the MM's get at a 40% discount (.0011)
SFOR needs $150,000 which the MM's advance
SFOR gives the MM's 170 million shares for the $150,000 PLUS another 340 MILLION shares as collateral. if the price goes down to say .001 when the MM's sell their shares they take the difference from the collateral and sell those as well. They never lose on the movement of the price.
So your 27 million shares outstanding is BS. When they had 4 Billion outstanding in January it showed at 1.2 billion so that is not reliable.
This is a pure play scam. legal, but a scam.
Keep loading cheapies Track...they will always be cheaper next week. Stock is down 98% since the RS 2 months ago so you still have 2% to play with until they are once again completely worthless. Congrats on the great strategy
Cart is exactly right. If anyone bought SFOR it would be structured as an asset sale and he common holders would get left behind. But there are no buyers. REMEMBER, they have had these patents for 3 years and their revenue keeps declining.
Also, they have settled 2 of their lawsuits, yet no press releases shouting that they have prevailed. No statements that they have proven they have the 1 valid authentication patent, etc. The CEO has made many untruthful statements publically and he would not hesitate to issue a BS press release if they actually prevailed on the lawsuits to pump up the pathetic stock price so it would seem that the lawsuits got SFOR nothing.
Company has almost no revenue, only 2 customers, loses $300,000 every month on $30,000 in revenue and sells shares. Most of the 30 million shares sold in the last 10 trading days are newly issued and they will shortly have to sell about 150 million every month to get the $150,000 to cover opex. Then it will tumble down to .0001 and the next RS will be announced. likely before year end
at least you are consistent. Nobody will do business with a security company that has NO customers, NO money, NO reference accounts and who is legally insolvent. 6 employees spent $1.3 million in OPEX last year?? For what??
Every year they go to this show, make a lot of loud claims, shout about the technology that is coming and every year their revenue declines by 25-40%. BTW the Mobile Trust product was previewed at RSA in 2013. It still has not shipped yet, not even a beta although last year at RSA they said that they had beta customers all lined up.
tea leaves have been read, company fate determined. the only unknown is how many more billions of shares will they sell to perpetuate this fraud before they shut it down.
reading through the 10k. they settled with White sky on mutually agreeable terms. guessing that one was a jump ball where no side got or gave much.
also they again blame their revenue decline last year on their lawsuit with WS but going back into other reports they have not done business with White Sky since 2012. So how do you blame a company who has not done business with you in 2+ years for last years revenue loss.
last, in 2013 they had 3 customers doing 80% of their revenue. in 2014 2 of those customers were gone. This company cannot keep partners which kills their revenue.
Wizzard come on man, honest up with us. You cannot have accumulated for 3 years. if you owned 2 million shares 15 months ago prior to the 2014 RS now after the 2015 RS you would own exactly 2.05 shares. the stock could go up 1000% to $1.70 and you would have $3.50 cents of value.
Nobody but day traders can make money on this POS and of course the MM's who advance money to SFOR and then get a 40% discount to face value when they sell into the market. anyone who has held for 2 years has been completely washed out.
Honest up man!!!
Ninja you are a great pumper, I am giving you props on that. THis company is a full blooded POS and no matter how much BS you spew about your charts that fact wont change. I do respect that fact that you have come into this stock and made a market for it in just a weeks time. but there is not substance to the company and in the end it will go back to the absolute bottom and either RS again or die. Hopefully the latter
you should take your hard earned gains, take a bow for making some of your colleagues some money and go find a real company to bet on IMO
you all realize that the shares trading the last several days are all freshly minted right? If you think 27 million is the float you are dreaming. In order for them to attend RSA they would have had to have sold 15 million shares alone at the 1/10th of a penny price.
There is a cemetery full of SFOR chart readers from the last 2 years. I think you have done a great job pumping the stock up and you should run with your gains. There is no substance to the company, the only pause on its way back to .0001 is when we get some guys that show up and start screaming about the "charts"
this company does a few hundred thousand in revenue and yet they cannot even release Q4 and full 2014 results.
by the way if you read the last 2 years press release prior to the RSA show you will see that in both of those years they announced that they were going to release their mobile software and their SDK products. They have yet to hit the market.
This company is legally insolvent, only alive because people keep pumping and churning the stock on the way to .0001 I would bet right now that there is likely more than 60 million shares outstanding right now and they have to sell at least 45 million every month to meet the minimum opex and salary needs.
Do the charts show that?
You guys are delusional. this has had a nice few days, it is moving for no reason, the company is dead. but a good few days for sure.
I have to say congrats to Ninja. He showed up 5 days ago, started hyping the stock and it has gone up 250%. He has done a really good job for any investor that is just getting in. The fact that the stock is down 93% post RS from just 6-7 weeks ago seems irrelevant.
15 year old company (NOT A NEW OR NEAR NEW STARTUP) has lost more than $40 million of shareholder money, has $12 million in preferred debt, has done 3 RS and issued in the process more than 20 billion shares. Their revenue would not even challenge a local coffee shop but their management team takes a lot of money out of the company.
This POS always has the ability to run for a few days when someone as talented as Ninja shows up, but then the charts will collapse and it will get back to trip 0's.
One more thing. Will they file their 10k today or get an extension? Are we supposed to believe that a company that only sells shares and no product needs more than 90 days to roll up their numbers? my take is that they will file for an extension like they do every quarter.
No shares traded today. Federal Marshalls showed up at their offices??
Track at least you are consistent. you loved this stock the last time it was in triple 000's and the time before that. I am guessing you need a write off every year and there is not a more sure bet in all stocks than SFOR. It loses 99.99% of its value every 9 months, pulls a Reverse Split, and repeats. We are what, 6 weeks after the last RS and the stock is already down 98%.
Within another 8 weeks they will be back to selling 200 million shares a month to raise the $150,000 in monthly salaries they are paying themselves.
well at least we know they have $30 in revenue today. for SFOR, that is a great day
Moeclay the SFOR stock is down and will get back to .0001 not because of the lawsuits but because the company has sold over 20 billion shares in the last 3 years and wiped out shareholders twice, and coming soon a 3rd time in 2 years. They have to sell shares because they HAVE NO REVENUE, NO CUSTOMERS, NO STRATEGY OTHER THAN SELLING SHARES.
this company is legally and technically insolvent. They will stay around and sell shares as long as there are traders who can profit and people who are stupid enough to buy them.
This is not a hard one to figure out
good strategy Moe, you will get a lot of opportunity to buy shares
Since you started talking abut the "spread" the stock is down another 20%. If you treat this like a normal stock you will bleed to death.
There is no good news here and compounding that will likely be a very bad Q4, worse than normal. If it was anything but pitiful they would have likely already announced and moved on.
You will watch the spread all the way back to .0001. maybe a few spikes in there, but mostly just down and to the left.
But good luck to you
Since you started talking abut the "spread" the stock is down another 20%. If you treat this like a normal stock you will bleed to death.
There is no good news here and compounding that will likely be a very bad Q4, worse than normal. If it was anything but pitiful they would have likely already announced and moved on.
You will watch the spread all the way back to .0001. maybe a few spikes in there, but mostly just down and to the left.
But good luck to you
Olin, your "spread" is far less meaningful to me than the 14 year previous history of the company. Every shareholder has been wiped out not once, but 3 times. They have no revenue, lose millions annually on thousands in revenue and have no prospects. that means no customers, partners, or significant distribution opportunities. Without any of those charts and spreads are all baloney.
14 year old company approaching $40 million in cumulative losses, +$12 million in preferred debt (so this has to be paid out before shareholders would see a penny in an acquisition), +25 Billion shares issued and washed out, and the same 2 guys at the top. Hard to believe with that track record management can survive, but then it really is not a public company as they have 80% voting rights while holding less than 1/2% of the stock.
plenty of people before you have read the charts all the way to .0001, I am guessing that within 90 days we will be right back at the same place.
In the end the only thing that matters is how their business is doing and their business is in the toilet with their stock
I guess time will tell. I have watched a whole lot of "chart readers" prognosticate on how the curves and signs all point to an up price climb. Despite all that intelligence, every single shareholder has been wiped out not once, but twice in the last 14 months. So we will see. Good luck to you.