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Where did the CEO say they paid off almost all toxic debt?
Bullish and sheep wolf are the one stating the CEO gave out 6 figure raises. There may be a few facts thrown in from time to time. However most of it is BS.
Ed needs to retire 1 billion of his shares as a show of good faith. He is completely responsible for the lack of trust in MYEC!
It's a McDonalds combo meal. All for one price!
If you read the PR the way it is written. The licensing is included in the lump sum payment!
One time lump sum payment = no revenue coming from Microsoft
People gobbling up those fives! 10,000 at a time
But why aren't they holding for pennies? Are you saying they have done their DD and they know pennies aren't coming?
I hope you make your money back. For me it's no big deal. I lost 75.00 here. I just bought on the hype without doing any DD. That's my fault, not bitter, but it sickens me to see the unrealistic hype and action of this company.
The CEO of this company does not care about share holders. He's paying his buddies with the little settlement money they did get. He couldn't legally just split it with them. So he gave them raises! If he cared about the company he would put the money into advertising. Maybe he thought that would be a waist of money.
They been emerging for 17 years now! I call that being left behind!
I'm stating facts! I'm not trying to spook anybody. I'm reminding people of the history of this company. I have one share left after 3 Reverse splits in the last two years. I keep it as a reminder to do my own DD, and not fall for the hype!
People need to read the settlement PR. They received a one time lump sum payment! There will be no further revenue coming from Microsoft! According to some they used the money to raise their salaries to six figures!
They have been in business for 17 years and have never made a profit. Why should they get a raise?
I was told yesterday that all the original investors were like soldiers that sacrificed for their country! Are you kidding me? I didn't sacrifice my hard earned money to give these idiots a six figure salary! They have screwed every investor they ever had. And they are not done yet. Billions have been traded on this Microsoft settlement news and nobody knows anything about the terms. It's all hype!
On August 4, 2015, along with the 1/1000 RS. They increased the AS from 3 billion to 5 billion. They did this with less than half the shares in the float. People, there is only one reason to RS and up the AS at the same time! That is to screw the share holders! This was the 3rd RS in less than two years! We have to be approaching the 1.5 billion share mark in the float again. This time around they have 5 billion to sell you! So step up and buy!
On July 20, 2015, StrikeForce amended its Certificate of Incorporation to implement a reverse stock split in the ratio of 1 share for every 1,000 shares of common stock. This amendment was approved and filed of record by the Wyoming Secretary of State on July 21, 2015, effective on July 21, 2015. FINRA has declared the Company's 1-for-1,000 reverse stock split market effective, as of August 4, 2015. The reverse stock split will reduce the Company's common stock outstanding from approximately 1,419,941,720 shares to approximately 1,419,942 shares. The number of authorized shares of common stock was increased from 3,000,000,000 to 5,000,000,000. All fractional shares will be rounded up and each shareholder will receive new certificates evidencing their post-reverse split shares if and when they present their certificates to the transfer agent.
BTW this was all just 9 months after the 1/1500 RS!
Just the facts!
In just 7 months they went from 452 million to 5.95 billion shares in the float!
In just 12 months the shareholders of the company had to witness 5 different increases of the authorized shares. Starting from 500 million shares in December 2012 that number turned into 6.75 BILLION in December 2013. The amount of outstanding shares grew proportionately and from 452 million shares reported in May 2013 it ballooned to the crushing 5.95 billion in February 2014. In March SFOR decided to undergo a 1-for-1500 reverse stock split and on May 12 their outstanding shares were around 7 million. The dilution is far from over though and any investors should take a look at the plethora of outstanding convertible notes listed under Note 5 in the financial report.
How many shares are in the float now?
What is very clear to me, Is who is selling! Pump pump pump!
They got a one time lump sum payment! There will not be any future income from Microsoft!
Equating this to a soldier who died for this country is horrible! This is about money, not freedom! Don't ever forget that.
Have you seen it?
I'm the one putting my head in the sand? I've been here for all three of the reverse splits! I have my eyes wide open!
What product? Have we seen anything?
I'm only posting facts. BTW why don't they use that settlement money to pay off toxic financing? Maybe even buy back some of the diluted shares? This makes more sense than paying themselves a six figure salary. How about buying some advertising for their product. A product that they haven't been able to sell enough of to make a profit!
BTW if you had 150,000,000 shares in 2013, you have just one share now. That's a 15,000 dollar loss if you only paid .0001 per share. Many paid a much higher price. SFOR is a losing proposition. What is the SEC thinking letting companies do repetitive RSs with no revenue.
Just a little more history for the newbie!
In just 7 months they went from 452 million to 5.95 billion shares in the float!
In just 12 months the shareholders of the company had to witness 5 different increases of the authorized shares. Starting from 500 million shares in December 2012 that number turned into 6.75 BILLION in December 2013. The amount of outstanding shares grew proportionately and from 452 million shares reported in May 2013 it ballooned to the crushing 5.95 billion in February 2014. In March SFOR decided to undergo a 1-for-1500 reverse stock split and on May 12 their outstanding shares were around 7 million. The dilution is far from over though and any investors should take a look at the plethora of outstanding convertible notes listed under Note 5 in the financial report.
How many shares are in the float now I wonder?
Not only did they do a reverse split on August 4, 2015. They increased the AS from 3 billion to 5 billion. They did this with less than half the shares in the float. People, there is only one reason to RS and up the AS at the same time! That is to screw the share holders! This was the 3rd RS in less than two years! We have to be approaching the 1.5 billion share mark in the float again. This time around they have 5 billion to sell you! So step up and buy!
On July 20, 2015, StrikeForce amended its Certificate of Incorporation to implement a reverse stock split in the ratio of 1 share for every 1,000 shares of common stock. This amendment was approved and filed of record by the Wyoming Secretary of State on July 21, 2015, effective on July 21, 2015. FINRA has declared the Company's 1-for-1,000 reverse stock split market effective, as of August 4, 2015. The reverse stock split will reduce the Company's common stock outstanding from approximately 1,419,941,720 shares to approximately 1,419,942 shares. The number of authorized shares of common stock was increased from 3,000,000,000 to 5,000,000,000. All fractional shares will be rounded up and each shareholder will receive new certificates evidencing their post-reverse split shares if and when they present their certificates to the transfer agent. Current stock certificates may be exchanged for new certificates by contacting the Company's transfer agent, Worldwide Stock Transfer, LLC. The text of the amendment to the Company's Certificate of Incorporation is incorporated herein and filed as Exhibit 3
The 3 reverse splits in two years, is all you need to know about this company.
But then there's these facts:
In business since 2001 and still not one profitable year.
There will be no on going relationship with Microsoft. They settle for a one time lump sum payment. This means they only paid for past infringement and are moving on. They will not be using the product in the future. This alone tells me there will never be a buyout!
Do a google search for companies that do the same thing. There are tons of them and they have relationships with the likes of IBM, Oracle, and many others. Yet SFOR hasn't turned a profit in 17 years.
What about all the dilution over the past month? Who is it that doesn't have the confidence in SFOR? Or is the company dumping before they release the 10k because they know it will tank following the release.
Ask yourself why a one time lump sum licensing fee?
Over 62 million in T-trades on Friday! Don't tell me they are not diluting. They are lining their pockets before the 10k.
They have had this product for years, and still they have no revenue! Outdated product, diluting scam!
But still they are broke and diluting!
More and more dilution! Pump it up and sell into it. Back too .0002 next week.
Where are you getting a 200 million dollar settlement?
Link please?
Whomever bought those .0003s is about to lose 50% of their money!
Oh crap! You mean we have been deceived!
Why are so many willing to sell for such cheap prices! They must not know about the settlement, or the product being in Target!
I have a feeling there are going to b plenty!
Son? Wow! I feel like such a kid. SFOR will RS again when the 10K comes out.
If this product hasn't produced revenue in the last several years. What makes you think it will now? There are hundreds of encryption products out there.
That's why all the dilution now. They know when the 10k comes out the gig will be up! I guarantee you they made more in diluting than the settlement.
I think Ed got screwed in Africa! How could you possibly collect or make good if you had a breach of contract. What if they don't honor Ed's patent? Is it even an international patent? How would you enforce a "Zipmark like" infringement in Africa. Africa is the scam capital of the world. I've never had any real hope in this Africa deal.
The PPS of MYEC is not going anywhere till we have proof of sustainable revenue. I'm not giving up on MYEC. I'm still holding all my shares. MYEC is a gamble, and I still like my odds!