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I am always a bit skeptical with posters who come on here and say they made money on SFOR. The stock was down 99.999% last year, split at 1500 to 1 and since then is down 99.999%. In that rundown I would guess there were some 2 or 3 day spikes where if you could get in and out you made some money. but the likelihood you could get in and out is so marginally low.
I don't think SFOR is a scam. I believe that their products are not competitive in the market and the management of the company lacks the skill to get it right.
14 years and almost $40 million of cumulative losses, 3 reverse splits and thousands of shareholders who have all lost money. Revenue that a large newspaper delivery boy would not be proud of and a distribution strategy that includes a multi level marketing scam as a partner. And I cannot forget the paid for "news" releases which come out every few months and are always the exact same thing.
The 3 management guys have spent our money, have rewarded themselves and have set up a share structure where they always have 80% of the voting rights. that is why the 1500/1 and the upcoming 650/1 reverse splits were not voted on by the shareholders...we don't matter.
keep accumulating Wizzard, eventually you will get down to an average of .0001 Right now you are underwater and you have been touting this dog since it was at .001 Keep accumulating you are helping all the other scammers out there touting this POS
SFOR is legally insolvent, they just cant go bankrupt until all the bones have been picked absolutely clean. that is coming, soon likely given their revenue trends. So they will sell another 3-5 billion shares and all the "experts" will claim they made money but in reality, you cannot make money on a stock that only goes in one direction...down. Anybody claiming otherwise is just BS
Glad to see some new people touting this stock. this happens about every 3 months. SFOR desperately needs money so they revert to the old Playbook:
1. Get some people talking about charts and trends and cyber attacks
2. Issue a bogus press release that mingles their name with other legitimate companies. Hope that nobody notices that it is the exact same press release that has been issued 4 times previously and is a "paid for" announcement
3. Need to sell 500 million shares or more before the RS as all the bills need to be paid
4. In no circumstance refer to ongoing SFOR business operations as that would reveal that there are NO customers, ALMOST NO REVENUES and another quarter losing $500,000 on $60,000 in revenue
5. Do not reveal to people that if you owned 1 million SFOR shares on March 1, 2014 that after the RS in 2 weeks you will have a grand total of 1 share (NOT A MISPRINT)
So all the chatter today is just to hype this dead dog, it happens every quarter when people start talking about charts and trends and blah blah
14 year old company, $35 million in cumulative losses, all paid for through the share selling scam that is ongoing. Congrats on all the commenters today that are hyping this POS
One other thing about this coming RS. They are going to do it in January and that is about 75 days before they have to report 2014 year and Q4 results. They need to get this done before they show that their already pitiful revenue is falling faster and further down.
Scams like this really piss me off.
If you owned 1 million shares on March 29, 2014 you will have exactly 1 share (YES THAT IS CORRECT, NOT A TYPO) January 29, 2015 after the 2nd reverse split.
TrackWizard you need to help me here, what chart are you reading that says you can make more money owning 1 share than you could owning 1 million? Where are all the "chart mavens" who come on and occasionally tout this stock? Payroll must be tight at SFOR so they are not paying the shills right now.
Let me tell you all what this means, and what the CEO is not telling the shareholders. If you owned 1 MILLION shares on March 1 of this year you were diluted down to 667 shares after the 1500 to 1 reverse split March 28. Those 667 shares are now being diluted down to 1 share. THIS IS NOT A MISPRINT. IN THE SPAN OF 10 MONTHS 1 MILLION SHARES IS NOW 1 SHARE.
Not a big deal for the CEO, he and the other 2 execs because they always have 80% of the shares. This is a pretend financing so that they can again issue 3-5 Billion new shares. The rapidity of the decline is alarming but apparently this is not illegal to blatantly steal from common shareholders.
1 MILLION SHARES TURNS INTO 1 SHARE IN 10 MONTHS. THESE GUYS ARE CROOKS, PLAIN AND SIMPLE.
Wow, 2 RS in less than 9 months. that has to be a record. By the way, the ENTIRE Board of Directors are the 3 employees. There is no governance going on with this company. It is a straight rip off.
Wow another new "chartie" trying to show us why SFOR will go up. THey do less business than a local coffee shop and too boot lose about $1.5-$3.0 million dollars every year doing it. less than $300k in annual revenue, and going down, and losing $500k per quarter and you have the balls to put up a chart.
Unbelievable.
Wizzard you are delusional on this company. Paying down debt? Acquisitions? They had 4 million shares outstanding on April 1, 2014. By the end of January they will have about 1.4 Billion. they have a monthly burn rate of $140,000 which will take about 2 Billion shares sold to satisfy. This is exactly what they have done 2 times prior. This company is a POS and that is Probably the nicest thing you can say about them.
I'm sure you don't care because after all $bl$ you make so much money in the RS???
By the way $bill, the company would have to sell for more than $15 million before shareholders would get 1 penny. The preferred debt holders and other parties are in the front of the line, thanks to the "I don't give a sh_t about No shareholder will ever see anything out of a buyout and of course a buyout will never happen. The company has a whopping $600 dollars per day in revenue and loses about $1500 dollars every day. What a great prospect
Hey $bill, this is already down the toilet, 2 RS already and the stock at .0001 You and Wizard are delusional. If you have been truthful you own this stock at 10X the .0001 price. This is a POS and no matter how hard you cheer lead it is still a POS
Wow $20 dollar trading day
Well said Pope, I am just not sure in what language. Wizzard, you have been "loading" those cheap shares since the stock was 10X higher than today. Not much loading going on today, it is 11:30 and not a share has been sold. Come on, you can get a million for about $70. Keep the CEO happy, he needs to buy some gifts and needs about 400 million sold in the next 3 trading days. In fact, just to pay the bills for December he will need to sell about 1.7 BILLION shares at todays price with the 60% discount and issue another 2 BILLION shares as collateral. End is coming soon.
Come on $BL why are you trying to pump this dog. and the previous poster said he is "loading up" yet only about $800 in trades so far today. Is it possible even at this price SFOR is overpriced? THe company has no value. 14 years old, more than $30 million in losses, $11 million of preferred debt, no revenue, and maybe just maybe finally they are at the end of the printing press era of the company. apparently right now nobody is buying, hopefully the company lays down and goes to sleep and never awakens.
A no bid stock which perfectly matches their "no revenue", "no product", "no limit to the # of shares distributed", "no strategy" and all of the other "no's" that Scotland always talks about as in no office, no landlines, no employees, no mobile software.
they should just file and see if they can pick up the pieces but they wont. better to let uninformed people buy the stock than to do the right thing.
can someone bid and pay less than .0001? I thought that was the lowest statutory price allowed in the market. Anyone know? I mean it makes no difference but sooner or later the company will make some loud noise through PR and the stock will run a little. that is when the MM's will dump and get their money out.
LOoks like a 600-700 million share week. at this rate the 9 billion will be issued by end of February.
I agree. MM's are trying to figure out how to get a pig to fly so that they can make money. I think they will come to the conclusion that they have milked this for many many millions and the party is over. They will move on to another carcass that is almost dead and try to get it going again.
I seriously doubt if there is another RS left in this corpse. we'll see.
Hey Rookie, sure it is a shame and a scam but for SFOR it is just a typical Monday. probably on their way to a 200 million share day as the suckers who loaned them money against their shares at a 40% discount are finding that you cannot get 40% cheaper than .0001.
I don't know which fools are buying this but I suspect it is the MM's as they need to keep the company alive so they buy and sell back and forth. At the end of the day 200 million shares generates only $20k in trades.
Pitiful. the worlds leading scam machine
The company borrows money and pledges shares at a 40% discount and the MM's then flip the shares. I have no idea who is buying. this company is a train wreck but as long as they can print and issue shares they will stay alive. the minute that dries up they are dead. hopefully sooner than later
There is no bashing on this board, just truth telling. this company is a POS and every person looking at it should know that. Almost no revenue, but they will sell all 9 billion of their authorized shares just as last year they sold all 6 billion of their authorized shares before reverse splitting 1500 to 1. 8 months after that reverse, the stock is all the way back to where it was before the split. CAn you even imagine a circumstance where a stock falls, splits at that magnitude and is all the way back to where it was pre split? No need to imagine, just remember SFOR is a graveyard for your $$$.
Looking at the recent 10Q and I notice that the CEO continues to state that revenue on Guardid product is down due to the lawsuit with whatesky. But he is blatantly lying to all of us. They have not done business with this company in over 2 years so you cannot compare this Q3 with last Q3 that that had no revenue from whitesky and then say the reason that this years revenue is down is due to that legal action.
The CEO is a liar. he is lying about his "$2mm investment" and for sure he is lying about the reason that revenue continues to drop. What else is he lying about? This is really blatant and is in fact illegal and criminal. He knows the facts, but will not produce honest results and commentary. How many other things are the management lying about?
On the other hand, at .0001 which is the lowest a stock can go, does it really matter?
Just be patient Track, you will have about 9 billion chances to buy this stock at .0001 and .0002. there is no rebound from this level
Sure you are...wink wink
And yet after 14 years in business the SFOR revenue is about $700 dollars per day, on a good day. These guys are frauds. There is a market but they only talk about it they don't participate in it. Does anyone really believe that a legitimate company would do business with these clowns? $48 million in losses, 2 reverse stock splits and probably 3 months from a 3rd.
The reason they need 9 billion shares is that when they take cash advances from the MM's they give them shares at 70% so to get $100,000 they need to issue $140,000 in shares and then they need to issue another $280,000 as collateral. So for $100,000 at today's price of .0002 they have to issue 700 million shares plus 1.4 billion as collateral. They will crater in Q1 when those #'s have to double at a price of .0001
I'm sure the CEO hates everyone knowing this info
9 Billion shares will be completely issued by the end of Q1 at the latest. once there they will RS or they will file Chapter 7 or 11. Chapter 11 will be tough because I don't think they could ever get DIP financing and they won't be able to issue new shares in that status.
Could we really be seeing the final death spiral of this hoax?
there are no good shareholders in SFOR, just dumb ones. This 14 year old company has burned through more than $48 million of money and they keep at it. SALES? WOW nearly $700 dollars a day. WOW, 14 year old company with GREAT technology. Yeah right. They will do this until they are shut down. and someone asked how many shares can they issue? Well they have another 900 Million authorized and not issued and then they can authorize up to another 8.5 BILLION. they don't need SEC approval, they just need the CEO to file the papers and there is no doubt he will.
14 year old company, really amazing that they have no real business other than selling shares.
BUT, must be a big PR coming from them because all of the "chart readers" are back.
Hey Track. You loved this stock at .10 cents, .001 cents and now .0001 cents. Show some sack and admit you are just trying to keep this POS alive for your MM bosses. From .80 cents PST split in March 2014 to .0001 in November. I'm sure you are still accumulating .... Wink wink
Where are all the "chart reader"? Where are the "LONG and Strong" SFOR cheerleaders?
Now that they are back to .0001 they will occasionally bounce but the ceiling is probably now .0003. They could have to RS this stock again in Q1 and of course the SEC will allow it.
Interesting that the company will not just file bankruptcy and wash out all of the debt holders and recap the company all at once. Anyone know why they wont do that? Because in bankruptcy they cannot sell worthless shares anymore so they would have no way to fund this hoax. Better to keep stealing and ripping off shareholders and paying themselves.
This is back to last year. 34 million shares dumped at .0002. SFOR gets 70% of the proceeds which means that 34 million shares nets SFOR about $4,700.00 They need $150,000 per month based on their financials so that means they have to sell about 1 BILLION shares each month unless it goes to .0001 in which case they have to sell 2 BILLION shares each and every month.
they will soon file for additional shares and I am guessing they will ask for 7-10 BILLION.
round and round and round and round
Did everyone notice that they now have 600 million shares outstanding. From 4 million on April 1 to 600 million on October 1 and now they will start selling 1 billion per month which after discounts, etc. will net them the $150k they need.
Unbelievably, there will a fresh wave of "chart readers" and new fools who will buy the shares.
rickobee, you are joking right? Nobody has purchased GuardidID versions 1-3 so all of the sudden V4 is going to change the world? They never tell the truth about new products. stock was at .0008 then, now .0002. will settle at .0001 and after 3-4 months of selling 1.5 billion new shares each month will once again split 1500-1 on or about the 1 year anniversary of the previous 1500-1 reverse split which was in late March of 2014
Stay away from this POS
Retire999 I don't view our comments as bashing, I view them as telling the truth. It takes personal experience like yours to get what this company is all about. People looking at this stock should know what is going on.
And by the way, the IR guy is likely the CEO and he has been saying for years that he invested $2 million of his own money but the loans out there don't seem to reflect that. This company should have long ago filed bankruptcy and washed out all of this phony debt but if they did that they could not keep printing hundreds of millions of new shares each month so they are stuck. They cannot convert $13 million of debt to stock as they would have to issue about 1.3 Trillion new shares at today's price.
They are stuck and it is ill informed people like you who read about patents, World's Leading, etc and buy these newly printed share that get burned.
soon enough you will be able to pick up Billions of shares at .0001, just be patient. Gonna be there by Thanksgiving
Retire SFOR pays for these placements they are not real press. They do this at least once per quarter mainly to get their name in the same headline as real companies. This practice is as "scammy" as the company itself
Pand. 1 year ago there were dozens like you saying buy and hold, same price range. then a 1500 to 1 reverse split and 1 year later, back to the same price. so 1 year ago if you invested $1500 today that is worth about $3.00.
so good luck with the "buy and hold" strategy. Don't give these shares as Christmas presents unless you are really pissed at the recipients :)
The company is worth 0. they have +$13 million in preferred debt so before any shareholder ever sees any money these debts have to be paid. SFOR has no enterprise value, they only stay alive if they can print new shares which they will not do at the rate of 100-200 million per month on their way to 1 billion per month. would be shocked if this is not back at .0001 by thanksgiving. by then they will have released Q3 numbers. they will blame the non-existent revenue on a host of companies, people and things, they will be "excited and optimistic" and then they will print another few billion shares by Christmas.
Pand, you should invest all your money and learn your lesson the hard way. Or you can just listen to the people who have watched this scam for a decade. This is a stock printing scam
MJC you are joking right? SFOR never runs out of shares, every week they will issue 50-100 million new shares making the shares they issued last week worthless. In Q1 of this year they were issuing 1.5 Billion shares each month. There is no Chart for SFOR because they never stop issuing shares at 40% below what you are paying. 2 guys in this company, almost no revenue, no partners, and $2 million a year in share sales. How would any chart track those stats?