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I laugh every time I hear "my sources" for this POS. This company leaks like a sieve so any info that is worth anything always comes out before it is made public. the only thing we are going to see in the next 2 weeks is their 150th consecutive pitiful quarter results and we will ONLY see that because they have to report in order to keep selling $200,000 of freshly minted shares every month. 14 year old company doing less revenue than a corner coffee shop but still taking $2 million every year from smart guys like Retiree999.
only a 100% chance that they will file an extension. they have done it for the last 12+ quarters. takes a long time to account for that $700 dollars a day in revenue.
Bagels never going to happen. every month they need +/- $150,000 and the only way to get it is to borrow and advance shares. every dollar they take costs shareholders $1.40 at the minimum. The CEO doesn't care because in the end the shareholders will get wiped out anyway. the Preferred debt holders of this pile of SH_T have first lien on any company outcome so shareholders in SFOR will never see any money and that is IF they ever have an outcome which is a 0% possibility. Face it, this company has reverse split 2 times already, they are a 14 year old company. this is not a startup trying to figure it out, this is a mature company run by a couple of 60 year olds that have this routine down pat right now. they have it all figured out except the part about making revenues and making this a real company. It is a stock printing scam, nothing more
Here is my prediction. In the next several trading days there will be a massive sell off. Here is why. The guys advancing them money at a 40% vig cannot make that spread below .0003 so they will dump 300 - 400 million shares which will drive the price to .0001. The lenders have to protect their margins so they will dump.
Love this stock so freeking predictable. Their last run to .0001 actually took 3 years. This time 8 months. How are those charts looking?
Jonas I think you missed the part where in the last 30 days they went from 56 million to 253 million (but that was 7 days ago) are still selling 50 million plus each week and have financing deals in place where they already took the money and have pledged something like 350 million shares. This is heading back to where it belongs, .0001. No revenue, no technology, no strategy, no customers, but huge dilution and a PR strategy that allows for some inane news every month. Wow, it seems like it is time again for one of their "distributor" PR's or about how for the 15th time they are about to launch mobile. What about when they issued PR that said their Software was now available to 1 billion windows users and that quarter they did $27k in revenue.
.0001 but by then they will have to sell 1.5 billion shares every month. Worst stock ever
HMMMM lets see. 8 months and 1 day ago the stock was at .0002 8 months ago it was at .30 cents after a 1500 to 1 reverse split that wiped out all shareholders but got the OS down to 4 million shares post split. Now exactly 8 months later there are 250 million shares out and 3 separate financing deals that will unleash another 350 million shares and the stock is back down to .0005
But this is a good buy? The "charts" say so?
This company is insolvent. it is 14 years old, their "best" patent is 3+ years old and they have not made $1 from it yet, they have $13 million in preferred debt which makes all shares sold worthless. They are the worlds leading .... but it is not anything to do with technology, sales, authentication, etc. etc. etc.
come on SFOR your can do it. Come on, you can get down to .0004 before the end of trading today. Quit slacking off and get down there where you belong so we can get to the magical .0001 by Thanksgiving.
Hey Jonas, this is just another BS press release from them in advance of telling the world the bad news of last quarter. They traded a lot of shares these past 2 weeks, I think more than 350 million, most of those newly released by lenders. So again, SFOR had 4 million shares outstanding on April 1 of this year and now they have probably 400 million or 500 million outstanding. Stock is down 99.97% since April 1. So basically everything is normal with this stock. straight line down, never ending, with occasional fluff PR's thrown in to get new shares sold.
SFOR management is clever, they did not dilute other than the normal 200-300% weekly during September as they will have to show shares outstanding at the end of Q3. but October, wow. last 2 weeks alone more than 200 million shares traded. the guys that they got financing from when the stock was 10X higher are all dumping and the market is feeling it.
there is no good news, if there was they would announce it. even if there wasn't but they could spin some weird story (like having an Apple product). Dead spin, toilet bowl stock
SFOR has R/S 2 times, the last one in March of this year was 1,500 to 1. Post split price was .30 cents. down 99.97% since the split
This is the same issue as always for SFOR. new investors buy shares and think this is a great opportunity. but what they don't realize is that by next week there shares are worth half or less because of dilution. I don't know if SFOR is typical of all pink sheet stocks but selling 100 million new shares this week is going to set the table to them getting back to selling 50 million per day. At the price right now selling 50 million shares gets them about $25,000 in net proceeds. The only good thing might be that they are building a cash reserve. normally they end a quarter with under $10,000 in cash.
This is a really stunning collapse of share price.
The government will use RSA as the 2 factor standard. Can you imagine the government even considering sfor? That is a joke
I don't know if SFOR is a scam but I do know this stock is a POS. From .30 cents to .0008 in 6 months. The CEO is saying nothing and can't as there is no explanation. Where is the guy who was bragging a few days ago that he bought 10 million shares at .002. He is only down 60% which in this stock makes him a big winner
that is the beauty of this stock, for every hater there is a longer. Good luck
The Apple mobile OS is a sandbox system so keyloggers and malware have no effect. Android is not as locked down but the % of risk on this mobile OS is very minimal. Not to say that in coming years that doesn't change but today that is fact.
PC OS is a swiss cheese system with lots of holes. Keyloggers are one of the real threats and have been for years. SFOR has a product and can't sell it, been that way for years.
In mobile they cannot fix what is not broken and on the PC they had a chance and never succeeded.
Easy enough to understand??
the back and forth is useless. SFOR has not been able to sell this technology for 7 years, that is not going to change now. Their biggest upside channel would be enterprise and no reputable enterprise company would ever do business with SFOR. It is an insolvent company printing shares. So the argument is useless, this company is dead. but whenever a bunch of chart readers show up and start touting it usually goes up for 3-5 days, but alas always drops below the starting point on its way to the next low which for this stock is trips 0's
LUkin the keyboard software has been around for 7 years, it is not new. In fact, it is almost completely irrelevant today so while you seem to be in love with this technology it has no application for mobile and it never caught on for the PC which is now a declining platform. The company revenue tells the entire story, you don't have to go looking for things to be optimistic. when they get a partner they seem to lose them pretty quickly and they have no chance going direct to consumers so they do these odd strategies like buying clubs and the already small revenue keeps declining. They did 2X the revenue before they got these patents issued so I would say the patents make no difference.
this is a dysfunctional company that is now selling about 8-10 million new shares every day. The company is insolvent and these new shares make whatever you invested yesterday worth about 10% less...each and every day.
Also so everyone knows, this company if it were acquired for $10 million, shareholders would get no money. all of that + a few more million goes to the preferred debt holders and then mgmt. will want their cut.
This is a 14 year old company, never made a profit, more than $12 million in preferred debt which keeps compounding due to non-payment of principal and interest. They have almost no revenue and they lose $300-$500k per quarter. Also there 3 executives control 80% of the voting shares no matter how many billion they issue so no real change can ever come to the company. I am not sure what projections you could look at that would be credible or believable. I am with IMjoe...where is this mobile software that was announced finished 2 years ago but has never been launched and where is all the revenue from the 6 million people who have downloaded the product? Just like the mobile software those users are likely imaginary.
settlements are a long shot, why would anyone settle with a company that is legally insolvent? They may get lucky and win, then the other side will appeal. There is no real likelihood they can win any lawsuit and then the appeals will take another 3-5 years. I do not see any scenario that works other than watching this board and looking for posters who show up and tout the stock, reference charts, etc. The SFOR CEO will then issue a Press Release about something and the stock will run for a few days and then crash lower. pretty risky figuring what the low really is and when the run will come. Once it got to .0001 last year it stayed there for 6 months, bounced a few times but always back to .0001 after a quarterly report came out and gave the real picture.
SFOR does a 1500 to 1 Reverse Split on April 1 and 6 months later the stock is down 99.94%.
Unbelievable that they can get anyone to buy shares. Unbelievable
and by the way, these patents are years old and have not generated any revenue. these are not new and there is no new technology, this is rewashed old clothing.
PEnny size of market has nothing to do with ability to capture a piece of it. this is a 14 year old company with almost no revenues, 6 employees of varying degrees, no customers, more than $35 million in cumulative losses and for the last 5 years they have done nothing but print shares. adjusted for no splits they would have something like 15 Billion shares now. but they have done 2 reverse splits. This is an empty ship, has been for a long time.
No question the patents are real, even this mgmt. team would not lie about that. but the value in a patent is defined by the amount of revenue generated from it and in the case of all SFOR's patents that # unfortunately is miniscule. They will not get a settlement as the companies they are contesting have no reason to settle. even a judgment against would be based on the market value of the patent which SFOR has proven to be almost zero.
They sold 5.8 million shares today at .003 generating gross proceeds of about $17,000. SFOR gets 70% of those proceeds or about $12,000. They need $150,000 per month to pay their salaries, bills, etc. That means at today's price they will have to sell 70 million shares each month. but we already know that the more you sell the more it goes down so I still believe by December they will be selling +100 million shares every month.
This company is technically and legally insolvent. they just have not run out of shares to print.
I think positive vibe is good but dollars?? THey have about 80 million shares outstanding and will issue another 100 million at least before year end. And their revenue is going to be a whopping $300,000. so it is much more likely to get to .0001 where it was before the 1500 to 1 reverse than it is to get even to .01 cent.
But the company is an incredibly efficient printing press. They should do a press release on that and sell their "system" to other bankrupt pinkies.
The fact that the CEO gives prior news leakage is sketchy. THey are in the midst of a tough run. Really bad revenue and a bunch of PR's over the last 2 quarters that add no revenue to the company. And they are selling maybe 50-60 million shares this month. Does not bode well other than they probably are building a cash position for the eventual turn off of the stock printing spigot.
Something is wrong with this company. They are in a dynamic market and they cannot get any traction other than getting pinkies to hype and dump their stock. that is not a business it is a causal effect.
But they keep surviving, keep printing, keep promising and keep not delivering. That part they have down pat...
seems like this was a 40-50 million share dilution week. in other words...very typical week for SFOR. approaching a new alltime low, 99% below the split price in April, with I am guessing about 90 million shares outstanding vs. 4 million 5 months ago. someone earlier said $2 stock. They will be very very fortunate to bounce back to 1 penny on the way back to .0001
Techie you deserve the shout out. you took a stunningly mediocre POS and for a few days made it a princess. that takes talent and I salute it. Every dog bounces and this one did and will now settle back in for its ride back down to .0001 But in the meantime you provided some great theatre. I say congrats to you and I mean it.
Now Mulder you on the other hand seem intoxicated by a CEO who sent you a personal email or answered your phone call. You have not been around long enough to see that this is just a "rewind and play it again" scenario. He is in the job to sell stock, not technology products. This is not a start up, this is a 14 year old company that has never made a profit and has about $35 million in cumulative losses. He just wants your money Mulder and sometimes he has to really work hard to get it so he answers and email or phone call. GLTU
Techie you deserve the shout out. you took a stunningly mediocre POS and for a few days made it a princess. that takes talent and I salute it. Every dog bounces and this one did and will now settle back in for its ride back down to .0001 But in the meantime you provided some great theatre. I say congrats to you and I mean it.
Now Mulder you on the other hand seem intoxicated by a CEO who sent you a personal email or answered your phone call. You have not been around long enough to see that this is just a "rewind and play it again" scenario. He is in the job to sell stock, not technology products. This is not a start up, this is a 14 year old company that has never made a profit and has about $35 million in cumulative losses. He just wants your money Mulder and sometimes he has to really work hard to get it so he answers and email or phone call. GLTU
This has been an interesting 10 days of trading. First ITechie shows up on this forum and starts touting the stock even though it is down 99% in just 5 months. Then the CEO issues a bogus press release on an Apple product that has been years in development and is meaningless. But the timing is interesting and not a coincidence and the stock runs for 4 days up to 3 cents and then quickly back to .003 on its way back to .0001
Manipulation pure and simple but really well done by all involved.
Mulder you are joking right? You get an email from the CEO who has tanked every shareholder who has ever purchased his stock and this gives you confidence. This company is technically and legally insolvent. they cannot last till next week without selling another 10 million shares at least. THey have $12 million in preferred debt and a bunch of other baggage that makes the company worthless. I don't get this rah rah for the CEO. He has done a pitiful job over the last 8 years. negligible revenue, massive losses, massive dilution, 2 REVERSE SPITS, and insider deals for himself and 2 other execs where they have 80% of the shares no matter how many shares are issued.
You are either naïve or you are working at SFOR and are a shill for the company on this forum
Layup I don't understand why you keep saying dilution is minimal. the stock had 4 million shares outstanding on April 1 after the 1500 to 1 reverse split. On October 1 they will have 60 million which is a 1500% dilution in 6 months. So what is heavy dilution. stock has lost 98% of its value in 6 months and has diluted by 1500% in the same time. IF that is not heavy dilution what is?
OT I agree with you. Props to Itechie and those that called this spike. but then again, these guys caused the spike. nothing has changed. the company has no revenue, huge debt, no customers, and has gone from 4 mm shares outstanding 6 months ago to more than 100 million. They put out a bogus press release a few days after people started touting the stock and bam a great little 3 day run. Now it is back to normal because the Mac announcement will not generate any $$. If they cannot generate $$ on the Windows platform where 88% of all PC's are then what will the generate on the Mac? less than -0- is not possible but -0- certainly is. The guys like techie benefited from the run and that is there good fortune and so did SFOR as they probably sold 40 million shares this week at 5x more than they could have last week. This was a really well organized P&D and likely we won't see Techie and his crew around 2 weeks from now as all the blood will have been sucked from this corpse.
A few quarters ago SFOR had a BIIIIG Press Release saying that this same software was now available to more than 1.2 BILLION Windows users. It was cleverly written, just like the MAC release yesterday, but in the end it produced no revenue just like the MAC release yesterday will produce no revenue. They accomplished what they needed/wanted which was to sell another 6 million shares to dupes.
The stock split 1500 to 1 only 5 months ago and has already lost 99% of its value post split. maybe you guys have some magic chart reading skills and you are correct there will be some inevitable spikes but this is going back to .0001 because they have no operating business, no recurring revenue and these inane press releases can only get them a teeny bounce every month or so.
this is a gravity stock and so far gravity is winning.
Poet, he is paying those loans with our shares as a PIK and those loans are preferred so that any $$ this company might get in a buyout (never going to happen) or a lawsuit win (almost certainly won't happen) would go to the note holders. That is why this will be forever a .0001 stock. $12 million in preferred debt with an insolvent company means shares are now and will always be worthless. Shares are a mechanism to keep the lights on and nothing else. when they get back up to 5 billion issued sometime early next year they will just reverse split again and do it all over. there is nothing legitimate about this company. and by the way, they announced this Apple product months ago. This is a smoke screen. I wonder why they did not do a Q2 webex? maybe because they cannot keep stating that they think they will still do $1.4 million in revenue???
Love reading Techie's BS posts. Charts, old lawsuit filings, blah blah blah. Here is what is real. revenue of about $500 per day. preferred debt exceeding now $12 million. Cumulative losses of more than $30 million. No customers, shady A/R, dilution in excess of 100% every 10 days, and lawsuits that are + 2 years old and likely to go another 2-3 years. Does any of that data show up in these magic charts of yours techie? I think the MM's who are accumulating the shares from SFOR by fronting them cash are getting nervous that interest is drying up so they have called out the shouters that are trying to drive interest in the stock. These company is legally insolvent, they are not a going concern and only can stay alive right now by selling about 15 million shares each week. that is going to get harder and harder as the new BS from the CEO looks very much like the old BS by the CEO.
Where was the Q2 webex??
Hey Techie and Layup, which trading firm do you guys work for? Why are you touting this wh#re dog of a stock? It reverse split 1500 to 1 4 months ago and has already lost 99% of its value and has gone from 4 million shares post to something like 50 million now and at these prices needs to sell about 80 million shares a month. I am thinking that is why you all the sudden showed up here with your "charts". I have one on SFOR, it has a line that starts at the top left and is now almost at the very bottom of the right side.
You probably work for the firm that buys their paper, advances them money and then discounts it at 30%,
The only thing that will bounce this stock is a lawsuit settlement on the 2-factor cases which is a long shot. Revenue of $5k per week means the stock is already overpriced.
So again, which MM firm do you guys work at?
Hey Itechiie, how many million shares does your firm need to dump? every few months new posters show up trying to lift this POS but there is no lift. yesterday they sold 4.8 million shares and raised whopping $10,000 or enough for 3 days. this will end up back at .0001 and back at 5 billion shares outstanding and it will all happen within 12 months of the last 1500-1 reverse split.
POet, what exactly does that mean. It seems to me that the accumulation is not ordinary investors but more likely MM's and scavengers who are buying the shares at a big discount and selling them in the open market.
Accumulating shares is not really productive unless you can buy them at a 40% discount and flip them. That makes sense to me but just investors buying at market prices I cant see that happening
Revenue about where you would think. To me 2 things stand out
1. The monthly cash burn in the quarter was $209,000 vs. $127,000 last year at the same time. That means at todays price and at a 70% recovery they have to sell about 65 million shares per month to cover the cash burn. Post split they had 4 million shares outstanding
2. They have not done business with White Sky for about 2 years so blaming that for the revenue decrease is an outright lie. I think they will just keep doing that for years. I think this is 7 or 8 quarters in a row that whitesky is being blamed for declining revenue.
the rest of the narrative was baloney.
almost 3 million shares sold today at a price that is 98% lower than the post split price of .30 cents just 4 months ago. so post split they had 4 million shares outstanding, and today they sold 3 million. total proceeds today at 70% less than $12k to SFOR so basically 3 days cash.
I agree with IMJoe...they don't care. they will keep selling shares as long as people buy them. .0001coming much sooner than I ever thought. Q2 results due next Friday. they always extend so sometime the following week. if there were even a hint of decent news they would have already announced so likely going to be very bad again.
Who will they blame this quarter on??
I agree Joe. There is not any consumer investor who has made money on SFOR. OT might have had a lot at .0001 but he also owned at .03 and .01, almost everyone did. you cannot sell fast enough to cover the declining share price. So I think anyone who says they made money over the long haul is not being truthful.
Bad stock, bad company and really bad management make for a toxic scenario. that is where this company is at. suing people is not a strategy nor does it bring ongoing value and revenue especially when their attorney's get 70% of any award.