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It doesn’t bother them...
Not in the slightest.
Let me tell you about a conversation I had (in person) with Mark.
He said that shareholders are greedy and stupid.
He didn’t mind taking their money because they hadn’t earned it.
He said he earned it, not them and that they’re all greedy and want something for nothing.
This wasn’t via email or anything like that.
This was from Mark to me directly.
Now what kind of investor would I be to invest in a guy like him?
Yes!
I regularly trade the stock.
To point a fact I bought this morning at $0.054.
I’ll sell before the day is over.
That is a real conversation I had with Mark by the way and I wrote about it when it happened and I wrote about for a long time after.
The conversation also included a blatant lie where he told me that “money wasn’t an issue and then a day or two later filed an 8K where they issued more convertible notes.
If you think you or anyone else is going to plead to Mark’s kindness and humanity you and everyone else is flat out wrong.
SFOR spent the nearly $10 million on operations.
That’s why they went from $0.0006 to $0.0295 in a matter of months.
No!
MSFT is not using SFOR and SFOR is not getting paid anything from MSFT (see subsequent 10Q’s and 10K’s).
It was a one time lump sum payment that ceased any interaction between SFOR and MSFT.
Since then... SFOR went down to $0.0003 and did a reverse split which put them at $0.15.
They fell from $0.15 to $0.0021 before rallying to $0.21 and then falling nearly every day to today’s current price of $0.056 despite a tremendous and here-to-for not seen media attempt to raise the stock price.
There
You’re all caught up.
Yeah that’s all fine.
You’re just another burned investor.
Let me explain something to you:
SFOR has, on a yearly basis explained in AUDITED 10k’s that they don’t make enough money to keep continuing.
It’s called a “going concern” disclaimer.
In that disclaimer they very clearly state that they don’t earn a profit on their product(s) and that they must rely on shareholders and other financing to pay the bills.
10Q’s don’t have to (according to SEC, FINRA) be audited and SFOR very clearly states that their 10Q’s are not audited.
10K’s must be audited and SFOR regularly puts the Going Concern in their 10K’s and 10Q’s.
SFOR is protected.
What they’re doing is wrong...but not illegal.
That’s why they’ve been able to do the same thing to shareholders for over 20 years and never seen a pair of handcuffs for SFOR matters.
Look dude...
I know you’ve lost a lot.
What you need to do is understand that SFOR has not broken and regulatory rules.
They also haven’t broken any DOJ law.
The PPP loans?
All they had to do was apply. After that all they had to do was retain 40% of their workforce.
FINRA isn’t going to go after SFOR just because they made FORWARD LOOKING STATEMENTS that never happened.
Sorry man...
SFOR has been running this stock share scam for 20 years and there have been 1000 of you along the way who filed a complaint.
The simplicity of the idea that your complaint is going to be the one that brings them down makes me laugh this morning.
This is flawed in so many ways.
First...
Whoever wrote this does not understand convertible debt. Whoever wrote this should have been able to see convertible note dates and understand maturity while they forget the BASIC INTEREST RATE THAT IS APPLIED TO THE DEBT until maturity.
I guess this is why NO ONE SHOULD EVER TAKE STOCK ADVICE WRITTEN ON THE BACK OF A KNAPKIN (Napkin)
Note holders got their shares at up to a 60% discount from the prior day close.
Heck...
Even if they got the shares at $0.07 last week that means they actually got them at about $0.03 which means they could have sold today for more than 100% profit.
Let me ask a question:
You go to a payday loan place (they’re illegal I think here in California but I’m not sure).
You write them a check for $100.00
They give you $66.00.
You have to pay them back the $100.00 plus $33.00
They have a check now for $100.00 plus they have a fee of $33 so they’ve got $133 and all they had to do was give you $66.00 in cash.
God forbid your check bounces to them too because then your $66 in hand is going to cost you 133% every month it’s not paid.
Now...
Do you really think that they care about you and whether or not you blow your brains out because you’re so distraught and depressed?
No!
They don’t. Because they have insurance companies who back each and every check they accept.
So while you’re loved ones mourn you...the check payday company has already forgotten your name.
That’s convertible note holders.
They do not care about you.
They double their money no matter what and while your wife or kids cry at their loss, they will not even know you were an actual person.
This is why I say that I’m surprised...I’m super surprised that Mark doesn’t receive threats because he’s ruined so many people.
Brooklyn...
The Berman case is different.
The CEO made claims that a product existed and was going to be approved while there never ever was a product.
Mark Kay cannot disclose a stock event like a reverse split.
In fact and in truth he must deny it.
If he were to tell a investor or a group of investors that one was coming that’s insider information and of course the stock would suffer.
I’m not making this stuff up.
If you asked Mark Kay if he’s planning a reverse split he would have to deny it.
He’s actually following the letter of the law in doing so.
So many people asked him if there was going to be one days and weeks and months ahead of the reverse split and he told them no. He told them no because he had to.
I read one poster who felt immediately betrayed because he’d felt like he’d gotten to know Mark and trusted him.
He asked him about a reverse split and Mark said no. I think it was the following Friday of the same week that SFOR announced a reverse split.
That long term bull over on the other board is now a rampant SFOR basher.
It’s literally like this:
When you control all of the voting power of a publicly held stock you can go to bed one night saying no reverse split and wake up the next morning and vote for a reverse split before your first cup of coffee.
Telling traders there is no reverse split when you can change opinion because you control the stock is not a crime.
You don’t have to take my word for it.
SFOR has been around 20 years.
They’ve done 6 reverse splits in 6 years.
Mark Kay has had sole voting power.
The SEC has yet to successfully charge him and neither has the DOJ.
Good job on recouping a loss.
Mark Kay was at JP Morgan. He retired from there.
He’s no slouch and he knows what he can say and cannot say under the 1934 Safe Harbor Agreement.
Let me give you an example.
They announced “The First Fully Secure Video Conferencing...”
A lot of people may think “wow... this is a competitor to ZM, GOOG, MSFT, and others because it’s the FIRST one that’s fully secure”.
That’s not what SFOR said.
Under the Safe Harbor Agreement they said it was the first...
Which simply could mean it’s the first one that SFOR has launched.
When they say it’s best in class?
Which class?
SFOR’s class?
All of these things are protected as forward looking statements under the safe harbor agreements.
Let SFOR come out and Say that they did a test and beat GOOG, MSFT, ZM or others.
They won’t because they can’t.
Mark knows how to word a Press Release that keeps him and SFOR out of trouble with the SEC.
Thank you.
None of my points say don’t trade it.
All of my posts say don’t invest believing that they’re a legitimate company because they simply are not.
SFOR has never had a profitable company.
I don’t have grandkids or kids to do a lemonade stand.
What I know is that parents front the money for the table, the sign, the cups, the ice, and the lemons.
The kid makes a few bucks from kind neighbors and passerby’s.
The parent is proud of the child but knows that they lost money even though the child has a jar full of quarters and dimes and nickels.
Most people would not continue this loss for 20 years.
The only people who do are con men.
Mark Kay is a con man.
He sells shares in his lemonade stand by announcing a new flavor every year or so.
OH
MY
GOD!
Do you realize that SFOR is a 20 year old company and that investors like you have been saying “it’s a long term play” for 20 years?!?!
People have started a career and retired from that career before SFOR made them a penny!
Mark Kay?
He has a Twitter account where he acknowledged that a long term investor actually DIED and SFOR has never made a penny in profit !
The investor actually died of old age and SFOR never had a profitable quarter.
Go to Marks Twitter feed.
This is a true story...dude died and never in his life saw a profitable quarter.
Enjoy your long term play.
I’m going to ask an open question.
Anyone can answer.
SFOR spent the last few weeks talking about SafeVchat.
They launched in on Friday and issued a press release today.
The stock opened and very quickly ran to nearly $0.09.
The stock has since fallen to under $0.055 with heavy selling pressure.
If SFOR is a rival to behemoths like MSFT and ZM, or GOOG then why is it under such heavy selling pressure?
Ahhhhhhh
The famous “retail trader motto”.
We will see what happens in the next few months, the next quarter, the next year, or someday.
It is no wonder retail rookies bankrupt their accounts inside of the first year.
I don’t actually mind about the name calling.
IHub can be super sensitive and delete a well intentioned and maybe even factually correct post because it has content which is a personal attack.
People in here get it wrong.
I am not against them. I wish everyone in here made a lot of money.
I have made a lot of money trading SFOR but one thing that has let me keep profits is that I don’t like SFOR.
The CEO, Mark...yeah, he’s lied directly to me in the past.
When I say directly...I mean he has lied to me in person!
SFOR has issued BILLIONS of shares that dilute shareholders while misleading them.
I can’t even count how many press releases have been issued and product launches have been claimed to be the best.
I trade SFOR.
But I only trade them.
Until I see an 8K announcing profit or a 10Q with massive revenue increases I will not invest in them.
Okay...
Best of luck to you.
Read the news man. They denied it.
I don’t know why you have to resort to name calling.
It’s in the news.
They denied it.
Okay...
Your disagreement is misplaced.
MSFT does know who SFOR is.
A few years back they paid SFOR nearly $10 million to go away.
MSFT and Google and others have people who literally scour the internet and social media platforms for anything that can harm them in any way.
When a lawsuit against SFOR hits the wire from any of the big video conferencing companies I’ll expect a timely retraction of your disagreement.
Yeah?
It shot up on hype and hope and now it’s lost nearly 40% from the “almost $0.09” price.
Why?
Because SFOR’s 20 year history of massive dilution (10’s of billions of shares) coupled with NEVER A PROFITABLE QUARTER, hitched to SIX REVERSE SPLITS IN 6 YEARS tied to COUNTLESS FAILED PRODUCT LAUNCHES cannot keep a rally.
Sheesh man...
I realize you want this to go higher but don’t be dumb about it.
If this launch was a success this stock would be higher and green.
It’s not a success and nearly nobody has heard of SafeVchat and that’s why SFOR is RED!
Ummmmmm
No.
ZM has categorically denied wrong doing.
SFOR is trading on the pink sheets at $0.06.
ZM analysts in the last two days have upgraded the stock and dismissed wildly fabricated accusations against ZM executives.
ZM is green today.
SFOR is red.
Below $0.06 per share as i write this
ZM dismissed allegations of an executive wrongdoing.
ZM shares are up. SFOR is down.
This is what I call a miserably failed launch!
SFOR was at $0.09 a week ago.
I feel bad for dummies who ignored balance sheets and share offerings and reverse splits and bought into the idea that a company with billions of shares and NEVER A PROFITABLE QUARTER FOR 20 YEARS could actually go to $1.00 per share.
Did you just try to say that other companies cannot sue SFOR?
SFOR is making wild claims that their product is better, more safe, more secure than theirs is?
Did you just crawl out from under a rock?
You could literally sue SFOR if you used their product for a video conference and got hacked.
Why? Because SFOR is claiming that users can’t be hacked using their product!
Of course MSFT and Google and Zoom and any other video conference can sue them and they will!
You believe it...
So did countless people over 20 years.
You’re just like so many who think you’ve stumbled into a Diamond mine that NOBODY or NEARLY NOBODY knows about.
It’s not a Diamond mine.
It’s just a hole and you fell into it.
You’ll spend some time down there trying to make lemonade out of lemons and hope you’ll find a Diamond but you won’t.
There is a reason this is sub $0.06 right now!
The reason is that smart and experienced traders know this is just a hole.
Meanwhile...good luck down there.
Why would they stop now?
This has been a share dilution scam since 2001.
They’ve been very successful at paying their salaries by using shareholders.
They issue shares via convertible notes and warrants and Reg-A offerings.
Then they do a reverse split (6 reverse splits in 6 years) and then they do it all over again.
Every once in a while they announce a product launch and it gets some hype. The stock goes up and then falls...and falls.
They rely on a safe harbor agreement and claim later that the launch wasn’t as successful as they had hoped but NEXT YEAR will be their turning point.
Couldn’t agree more.
The cows will come home here.
You simply cannot go up against Zoom or Google, or MSFT and make claims that your product is better without lawsuits and even criminal charges.
All I can say is that I hope for shareholders sake that they can actually prove they are the best.
If not...
SFOR will get the crap sued out of them and this stock will go back to under a penny.
They are the biggest scam.
I also want to add that I think it’s really heartless to run another pump and dump scam right before Christmas especially during these times when so many people were hoping for a Christmas miracle.
Those people ignored SEC filings, balance sheets, and 20 years of failed launches BUT THEY still hoped this one would be different.
$0.0570 as a write this.
$0.057.
Where are all the folks who claimed this would run to $0.50 or to $1.00 today?
You cannot outrun the balance sheet.
You cannot outrun the 20 year history of pump and dumps.
You can’t outrun 6 reverse splits in 6 years.
For crying out loud people... they just announced another share offering (right before Christmas) where Mark and George and Ram get to split $2.5 million dollars all based off of issuing shares!!!!!!
$0.06 right NOW!
Ouch!!!
Red $0.065
That’s gotta hurt for a lot of people who bought the hype and ignored the SEC filings.
Never a profitable quarter in 20 years.
They have only survived by selling shares.
People bought the hype and then looked at 20 years of “launches” and SEC filings.
They saw what some people already knew:
SFOR has launched a dozen products over the years.
They were all the safest and most secure.
Yet somehow, in TWENTY FREAKING YEARS, they’ve never once had a profitable Year or a profitable Quarter.
What they saw was that SFOR issues convertible notes, warrants, and shares and then does a Reverse Split.
What they saw was that SFOR issues a press release saying that each Reverse Split was so they could uplist to a major exchange.
What they did was they debunked the hype and they sold.
And they’ll be lucky to get out at $0.06
Friendly reminder :
A few months back this stock was at $0.0003.
They did a reverse split to “uplist to a major exchange”.
It put them at $0.15.
It promptly fell to $0.0021.
Then with a pump and dump scheme it ran to $0.21 which would have made a pre-r/S price of $0.0005.
Now it’s back in the $0.06’s after such a wonderful marketing campaign.
I don’t care.
I’m just a trader.
I literally don’t give a crap if this opens at $0.0001 on Monday.
These crappy little penny stocks...you get in, you get out.
What you don’t do is hold.
What makes you think OR ANYONE ELSE in here think that they are seeing something that the broader market traders are missing?
This stock shaved 24% today.
This stock has lost over 33% on the week.
This stock has lost nearly 66% from its recent highs.
Do you see a pattern yet?
If you’re holding this crap stock by this time Monday you’re going to lose even more money.
It’ll never ever cease to amaze me when people in here actually start to believe that they’re the ones holding the golden nugget that apparently the rest of the investing world is missing.
My only regret today is that I didn’t buy the $0.063’s and sell into the $0.69’s.
Other than that... flawless trades with SFOR.
Wow!
Talk about an absolute beat down for launch day!
Where’s all those “$0.50” by tomorrow folks?
Where’s all those “you’re stupid for selling at $0.09 yesterday and $0.078 today”
Lol
Enjoy your crap sandwich over the weekend
Every single “long” here has just lost their minds.
Today was the “launch”.
According to Mark Kay it was hugely successful with hundreds (seriously??? Hundreds? Out of the nearly 11 million domestic companies in the US alone?
Wow!
They nabbed a whole couple of hundred?
That means that they only have about 9,999,900 or so to go.
What an absolute con job joke and shame on anyone in here who’s trying to save their own ass by convincing others that “Monday” is the day.
Huge clue for everyone:
With SFOR it is NEVER EVER TODAY...
It’s always next week, next month, next quarter, or next year!
Always!
Lol...
Well “stock” sure appears to be my thing today.
How’s that $0.0650 feeling?
Getting a pretty good vibe on that ZOOM $400 million?
How’s that forward looking cream tasting in your mouth?
Bwaaaaaaa haaaaaaa
Isn’t your entire investment gone by now?
Why do you keep hoping Mark will do the right thing for investors when he’s had 20 years and hasn’t?
You missed the ENTIRE POINT!
They had a revenue of $50k last quarter.
It cost them over $550k to make $50k.
The whole POINT was that it doesn’t matter if it’s 1 billion or 14 billion or 300 million because THE STOCK IS NOT WORTH IT!
They have never had a profit! EVER!!!!!!
You missed the whole point of the message!
Does it matter?
They reduced the count by 10 BILLION
They also issued a Reg-A for $2.5 million.
I don’t even understand what people are arguing about here!
You look at a piece of dog crap in the yard and say “maybe some day it’ll bloom into a beautiful flower”.
SFOR is dog crap.
Mark Kay is a conman.
The $2.5 million dollar Reg-A is his and George, and Ram’s retirement package.
Lololol
Enzo and Optec and SFOR...
I didn’t even have to read back more than three days to see you’re just throwing darts and hoping for a winner.
SFOR is a scam.
They’ve been a scam for 20 years.
Also... just FYI: your optec stock is a scam too.
Go look at that interview where he’s very clearly on the balcony of an apartment complex in his “snazzy” suit.
What’s confusing ?
Go to the site.
Fill out the fields
And NOTHING ON THE SITE WORKS!
How much less confusing can that be?
Oh my god it is so freaking simple!
Go to the website.
Fill in the required fields and IT IS NOT WORKING!
This is so simple!
IT
IS
NOT
WORKING!
I don’t know if it’s working.
It doesn’t seem to be.
I signed up to see if it was any good.
I filled out all of the required fields and haven’t heard back from them.
Don’t you think it’s kind of bad to announce a launch and then not be able to actually launch?
A BUCK?!?!?
Are you freaking kidding me?!?!?
This stock made $50k last quarter and you think they’re worth $4 BILLION DOLLARS now?!?!?
Holy crap!
The Robin Hood investors have spoken.