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Then SFOR will give us a happy Valentines Day!
The government has not issued a cease & desist order to SFOR to prevent that civilian encryption from taking place. Nor do I think one will ever be issued by the FCC or any other agency.
Watch Mark Kay's video where he says he put 2 million dollars of his "own money" into SFOR and "my wife is still talking to me"
Also, if they make the outstanding success out of the company as anticipated IMHO they deserve a raise.
Don't put your trust in me or any IHUB poster. Verify the information. Call Mark Kay directly with your question. He has always taken my calls and been a straight shooter with me.
The question is why do some want to keep this defensive software out of the hands of the American consumer and American Forces?
If so, what is their end goal in keeping us so vulnerable to exploitation by cyber criminals and hostile intelligence services?
Good, logical assessment of the justification for the increase in salaries. Not enough people know what corporate officers have done or sacrificed to keep SFOR afloat until now. Our CEO set a fine personal example by investing two million dollars of his own money to help keep SFOR viable in its darkest hours. This little band of warriors has prevailed against stiff odds and the mightiest IT company on the face of the earth, Microsoft. Now, it stands on the cusp of moving its hard won beach head in cyber security into the larger market. The potential is tremendous!
Like others, Mark Kay has answered my inquiries via e-mail. If he promised no dilution in private e-mails I will trust what he wrote to the individuals to be true. I believe him to be a man of his word. If you have any doubt ask him yourself. I've found him to be pretty good about answering shareholders concerns.
Another monthly payment, this through an OEM, is a nice addition to our cash flow. Every one adds up in our favor.
Like others I believe Kay when he said repeatedly no RS. I also look at their current cash burn rate and know the $1.2 million remaining is gone in a year. A lot can happen in that year. The year end 10-K will give us an inkling as to the future. The 1st Q of 2017 will add clarity to it. SFOR easily has the funds to survive as is through the 2nd Q. By then I fully expect a settlement or three, license agreements and deal or two.
Bingo! I agree, Non Disclosure Agreements are legally binding.
Great catch! Thanks for updating us all with this current information.
On one of his videos Mark Kay mentioned working on deals (past tense) and that he was not at liberty to discuss. I leave the details and timing in his competent hands. He is executing on his four point company growth plan as articulated. Also, the individual hired for business development is not idle or Mark would have replaced him in short order. Deal making takes time. I can wait for details with the year end 10-K release. I understand if this does not meet your time horizon.
I did my best writing to the CNO Admiral John M. Richardson. Please consider doing likewise and including this excellent article underscoring your concern to secure USN and other service members data. Thanks!
Developments should be revealed with the year end 10-K report.
I have patient capital invested here and can wait. I understand if you have a different timeline. Long & strong SFOR!
If this doesn't help maintain investor morale nothing will! Thanks for that update on even more deals & partnerships.
Good point. That joinder which you wrote of was bolstered by all three defendants Duo, Trustwave and Centrify requesting joint discovery.
"If they don't come up with the money that's what's going to happen" That statement is predicated on the belief they won't.
Many others believe they will not only do that but create even more wealth. Let's us say we are polarized on the issue. Time will prove which is right. However, I believe the odds are in the longs favor.
I believe it could depend on just how each defendant is positioned to close out their FY. They may not want to take a hit if they did not do too well this year and would defer to next. That would keep their shareholders happy (Although 2 are privately held).
The third version of Mobile Trust came out this summer.
Ram got a position filled in his IT R&D department recently and he continues writing code so I believe it is and will continue to be.
Spot on! Mark Kay spent his career in banking. Banks focus on the bottom line. The second Q was 66% better than the first Q. The third Q 44% better than second. He secured a $25K monthly cash flow stream from Advanced Cyber and is working on large enterprise deals. He now manages $1.2 million in the bank.
We have products being sold on-line, in-store and most actively in OEM bundling. He paid off the toxic debt and the OS remains the same without dilution. Yeah, the Q didn't contain a lot of surprises just boring steady growth. Exactly what I expected from a retired banker focused on the bottom line.
You have to wonder why preferred would convert to common. Would it be to be able to take full advantage of an anticipated rise in the pps of the common? Do you suspect perhaps they have a reasonable idea as to what the future holds for SFOR? They might also suspect just how bright it will be.
They are not diluting, the OS has not changed! I look forward to the next Q proving it.
MODs please sticky for balance. Thanks!
I agree, the double bottom is in. What eases my mind is that half a cent held as support. Next week should be better. SFOR long & strong!
Don't know if you'll get in at .004. Support at the half cent level seems pretty firm for now.
To answer the question "Why didn't SFOR litigate the case instead of taking tthe money?" SFOR needed the $9.7 million at that point.
You'll recall at that time Blank Rome was not on contingency at that time like they are now. Who knows how long litigation & not being able to sell product would have been. SFOR had toxic debt to eliminate at that point (all gone now). It was only by the courageous investment of $2 million of his own money by CEO mark Kay that SFOR was still viable then. Now SFOR has $1.5 million in the bank. It was a strategic business decision to stay alive to someday thrive. Smart move. Thanks Mark!
"They must have settled" makes the most sense to me. However, another poster brought up a point awhile ago. The SFOR legal team never filed for an injunction. So without a cease and desist order from the judge Duo could conceivably still be promoting the process based on the infringed IP.
I agree. Deals are in the works. Only a matter of time. Really looking forward to the year end 10-K! I have patient capital invested here and can wait for liftoff.
Yeah, I thought those things were held pretty close to the vest.
Once again Management is delivering on it's promise. This is a great kickoff to promote SFOR product for the Holidays. It would make a great stocking stuffer!
No others do. Those reasons and others are why I'm SFOR Long & Strong!
Yep, we may just be in the final shakeout. MMs see they can not spike SFOR down below a half cent for any significant period of time. Those cheapies are gobbled up by bottom feeders ASAP.
The game is up. Time for them to change tactics because for the most part, only strong grip longs and a some flippers are left.
Thanks for that update. I don't have a Pacer account so appreciate those like you who keep us current as to SFOR court case filings etc.
Would the Non Disclosure Agreement be posted on Pacer?
Now, this is significant! Why would that be? In an NDA there would be no mention of Trustwave or their 97% owner, Singapore Telecom. Please research SingTel. You'll find Asia's largest telecom provider sits atop $92 billion in assets. Consequently, they could easily settle with or buy SFOR out. Also, check out the interesting Mobile Banking security program they rolled out last month on Cyber Security day for their millions of customers.
I share your excitement and confidence knowing what I own. The pitiful thing is that so many have not taken the time to research Ram's patents at the United States Patent Office site. If they did, the date of origin, 2000, would grab their attention as it did mine. I'm not the sharpest tool in the shed but I can read. When I did the lightbulb went off above my head. SFOR has the bubble on this mobile device cyber security stuff! SFOR was the first kid on the block with THE new toy. Naturally, I wanted a piece of that toy and became a long term share holder. The potential based on the IP and deals in the works is simply tremendous.
The question is who? My guess is the 3 patent infringers and perhaps one of their parent companies, Singapore Telecom. This would ameliorate any treble damages assessed or the price of a settlement or buyout in the future.
This is another reason to hold.
I believe you're right. The question is why?
To help “Make SFOR Great Again” This E-mail was sent to Transition Team Dear President-Elect Trump,
Congratulations on being elected to become our next Commander in Chief! I beseech you to help our troops.
As a retired USAF intelligence officer & EUCOM member I was alarmed when I read Lt/Gen Ben Hodges AFN interview in Poland during NATO’s Operation Anaconda field exercise in June. In it he stated “Neither (unclassified) radio communications nor email are secure” and “I assume everything I write on my BlackBerry is being monitored.” I believe he’s absolutely right! This COMSEC problem can become an OPSEC one with dire consequences in the near future by helping enable enemy targeteers to put munitions on American targets.
As you are aware, the U.S. Army is switching from Androids to the I-phone 6. In July my (relationship withheld) & fellow unit members deployed to the Middle East in support of operations against IS with their personal mobile devices. These and issue I-phones have inadequate protection against cyber-attack and exploitation by hostile intelligence services to find, target and kill them preventing mission success.
This winter I became concerned about protecting my personal information & financial information from hackers. I found out that the anti-virus programs out there fail to protect against the zero day attacks, key loggers and click jackers use. I wanted multi-layered defense & anti-screen capture capabilities. I read that “Silicon Review” recognizes Strike Force Technologies as the world’s leading provider of patented, military grade keystroke encryption, out of band authentication and 2 factor authentication. I purchased on-line & installed their Mobile Trust product on my mobile device. I also encouraged family and friends to do likewise.
Mobile Trust is now being sold in half of the Target stores nationwide. It was easy to install, costs $30 a year for two I-phones, does not slow things down or cause any other problems. I did this only after Strike Force Technologies settled with Microsoft over patent infringement in January. In full disclosure I was so impressed I then bought 2 million shares of SFOR sub-penny stock. Now that I have initiated contact with you and current government officials using my retired rank and specialty I am forbidden by the honor code to add to that position. Please consider getting our troops something to fix this tremendous COMSEC problem. I don’t even care if it’s Mobile Trust! They just need something better than the standard consumer encryption Apple provides its I-Phone 6. It is nowhere near the level of protection they need.
Thank you for considering proposing this to Congress as a supplemental budget request. Your predecessor, referred my first letter to the DOD/CIO office for action. However, no defensive software was provided our troops due to the Congressional budget impasse. Please help! I can be of any further service to you or our country in this matter please don’t hesitate to call or mail me at (Phone number and address withheld).
I am still your officer,
4 sleddogs
Major USAF Retired
I encourage all longs to contact President-Elect Trump and inform him that SFOR has the right products at the right time to help solve this nation's cyber security problem.