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I realize that. Thanks for that input! However, I must now ask the following question regarding international business law. Is the foreign based holding company, Singapore Telecom, liable for damages assessed its US based subsidiary Trust Wave? I don't know.
Any lawyers with international business law expertise reading this post please clarify this issue. Thanks!
There is no "IF" about it! SFOR got a MSFT licensing deal. It is a fact! Please read sticky note #101097 RE: MSFT AZURE by ZPaul. He quotes
from George Waller's presentation on 10/11/16 "Microsoft is licensing our technology for their cloud security". As far as Q3 Earnings is concerned you'll recall the SFOR FY Q3 covers July, August and September not October when George Waller made his presentation and announced this.
Having been a finance officer for my first year in the USAF I know that like the Federal government, some corporations have a 1 October FY start date. Consequently, earnings from the MSFT licensing deal will be reflected in the Q4 not the Q3 report.
Singapore Telecom acquired Trustwave. Microsoft acquired Phone Factor. SFOR sued both Phone Factor and Microsoft. SFOR got $9.9 million from Phone Factor and a licensing agreement from Microsoft as a settlement. This was a winning strategy by Mr. Wolf, our lead attorney at Blank Rome. In using that same winning strategy in the current lawsuit against Trustwave is it reasonable to conclude Singapore Telecom could logically be one of the next five companies SFOR sues for patent infringment? What do you think? I ask the board because Singapore Telecom, Asia's largest telecom provider would be the first non-US based company SFOR would sue. I don't know much about international business law. Perhaps you do. So, I solicit your insight on this matter. Thanks!
Also, what other companies do you think could be among the five SFOR is suing next?
That's for sure. T minus 8 and counting until liftoff of the SFOR rocket IMHO.
I was told SFOR is a non-marginal security. So, funds must settle in my cash account.
Can't wait for that PACER update!
Thanks for the clarification, I stand corrected.
Thanks for that info.
You & I are singing off the same sheet of music!
Smart move!
We are in perfect agreement on that one!
We have an international patent.
With TD Ameritrade I have to wait 3 days for funds to settle so I missed today's gain! I hope you captured it.
I'm in perfect agreement with you. Search: Singapore Telecom, OOB, Cyber Security Day. Review the slide presentation. They rolled out OOBA for mobile devices (what Ram got the patent on in 2004) on Cyber Security Day in October. If they licensed the news would be in the 4th Q.
Ya got that right Wolfe. I'll be doing the same later this week.
I can't believe people are bailing before the 11/9 meeting of the defendants before the judge, release of the Q and SH meeting results in November. Their loss, my gain. I'll gladly take shares from the weak hands with my strong ones. We are sitting on a goldmine here and we have barely scratched the surface with our shovels. We should strike pay-dirt with Mark's 4 point company growth plan in 2017 but some people just can't wait that long. Too bad, so sad.
I'm following Jesse Livermore's advice ( the greatest stock trader of the 20th century) he said "I made my most money by doing nothing" (not panic selling) and Baron Rothchild's advice
to "Buy when there is blood in the streets". SFOR's pps is bleeding right now and I will soon take advantage of it!
However, the international patent (which is pending) puts this issue in a new light. Also, a license agreement may have been reached (see my post regarding this).
The good thing is that as Mark mentioned in his video "a trial could take a year". That is shorter than our litigation against Phone Factor and Microsoft took due to Blank Rome's winning strategy and experience with the issues. They are so confident in this they are undertaking the lawsuits on contingency. I know a winner when I see one in action. Mr. Wolf (our lead attorney) is a proven winner!
"Real fast" no can do. I don't believe anything can be legally disclosed until it is in a public record like PACER. Consequently, I do not expect any news until after the meeting with the judge. Sorry if this does not fit your time horizon. I perfectly understand that. I have patient capital invested here knowing full well what I own.
Also, attention K mart shoppers, there is a blue light special on the shares of Strike Force Technologies. The world's leading provider of patented, military grade keystroke encryption, out of band authentication and two factor authentication (according to "Silicon Review).
Cat out of the bag! Please search "Banking is Going Mobile Cyber Security Day" and review the entire slide show. Oh my, oh my! Singapore Telecom is offering its customers (check out how many!)
"Mobile Out Of Band" and "Out of Band Authentication". Doesn't that sound familiar? Yeah, it does. Didn't Ram get his first patent on that back in 2004? (Although I found one mention of 2000). Connect the dots people. We're sitting on a gold mine!
Singapore Telecom was not sued by Blank Rome. One has to wonder why? You'll recall both Microsoft and it's subsidiary, Phone Factor were sued together. Their settlements garnered us $9.9 million in cash from Phone Factor and a licensing agreement from Microsoft. (Thank you ZPaul for the outstanding DD on this!) Now, strangely, only the subsidiary of Singapore Telecom, Trustwave is being sued for treble damages. I don't believe Mr. Wolf, our lead attorney would give up on a winning strategy. What could have stayed his hand? Do you think perhaps a Singapore Telecom licensing agreement is one of the deals with large firms our CEO has mentioned he's been hard at work on is in the pipeline? Inquiring minds would like to know.
T Minus 10 and counting until all three defendants have to belly up to the judicial bar. Although Mark Kay may be restrained legally from stating that it is more than an administrative meeting, I wonder. As you'll recall reading the extension to 11/9 was granted due to "senior counsel being unavailable" until then.
If the 11/9 meeting is merely administrative in nature a para-legal could take care of it. Why would "senior counsel" be required? I believe more substantive matters will be discussed.
Remember the parties have been in discussions for awhile now and the judge has been gracious in granting delays as they continued.
Do you think his patience is wearing thin and he wants the judicial process to make some forward progress? I do!
If the three defendants cooperated I can see that is possible. However, if they kept only their own best interests in mind, and they could afford it, I believe a buyout of SFOR by one of the three could be announced 11/9. The most likely candidate should be Singapore Telecom. Not only do they have the deepest pockets but because of their customers use of our IP they stand to lose the most treble damage wise. After announcement of the buyout they could inform DUO and Centrify the patent infringment cases against them continue. That way they stand to recover at least some or most (dependent on buyout price) of the SFOR buyout price.
Singapore Telecom acquired Trustwave just like Microsoft acquired Phone Factor. Mr. Wolf, our lead attorney at Blank Rome prevailed against Phone Factor and Microsoft. Now he seeks treble damages against Trustwave. He is so confident in his patent infringment case he is doing it on contingency. His formula for success is simple for this similar case, wash, rinse, repeat. Singapore Telecom is Asia's leading communications group. It is a 130 year old company with deep pockets like Microsoft. SingTel is like a dragon sleeping on a pile of treasure. Along comes this buzzing fly named SFOR and wakes it up. Do you think it might snap & devour the fly with a buyout that would be chump change for it? Or do you think it will swat it away with a settlement? One thing it knows is that another dragon caved in with a settlement. It also knows DUO and Centrify are also being sued. Does it make sense to acquire SFOR then continue those two other lawsuits to make up for the acquisition price? Do you think DUO and Centrify could have reached a similar conclusion? Why oh why would all three come together before the judge on 11/9. Could it be a case of the three Musketeers "One for all and all for one"? I believe we are in for a very interesting meeting on 11/9.
I am reminded of color of money's post. "I discussed this with a trial attorney who said when a group is meeting with the judge all at one time there is a 99% chance of a settlement. This happens when a test case, Microsoft, already lost and the other defendants are in the same type of lawsuit". Let's see, "a group" Trustwave, DUO an Centrify "is meeting with the judge" November 9th. "Microsoft, already lost" they settled. "The other defendants are in the same type of lawsuit" patent infringment.
On his recent video our CEO stated 11/9 "is just a meeting" that's true. What's also true is that legally he could not divulge any details of that meeting. I wonder what they are, don't you? Those details should be released shortly after the meeting. Until then I am long & strong on SFOR!
I agree. It was one of the last chances for the MMs to shake the tree. There will probably be another before November 9th. The Kabuki theater the defendants have been engaging in ends then.
We will have more clarity after that meeting. Long & Strong SFOR.
If they are day traders or flippers day to day fluctuations in price would cause them to freak out. You and I are long term investors because we know what we own and what it's worth. Long & Strong SFOR!
I beg to differ with you. "Silicon Review" ( an on-line and print community for business and technology professionals) recognized Strike Force Technologies as a leading provide of: patented, keystroke encryption, out of band authentication and 2 factor authentication. SFOR was named among the 20 fastest growing computer security companies of 2016. Mark Kay said "We are pleased to be recognized by the Silicon Review. This is more evidence of how Strike Force's patented technology is gaining prominence in the on-line security marketplace".
I prefer a CEO who is a straight shooter over one that hypes every time!
Thank you for that correction.
Yes, I watched Mark's video yesterday. I'm not too worried about no increase over last qtr because of the deals in the works (he mentioned but could not discuss yet) which will provide revenue streams. Yes, a lawsuit could take a year. However, based on the conversation riskreward 007 had with a trial attorney who stated "a 99% chance of a settlement" I would be foolish to sell a share until the joint November 9 Court appearance by DUO, Centrify and Trustwave.
Jesse Livermore one of the greatest Wall Street traders of all time once said "I made my most money by doing nothing." Like him I am not going to do anything until after that November 9 joint court appearance by DUO, Trustwave and Centrify. With a trial lawyer stating there is a 99% chance of a settlement I would be foolish to do so!
Long & Strong SFOR
Correct me if I'm wrong but isn't there is one convertible holder that refused to be bought out when approached. They stand secure on a legally binding agreement that forbids dilution. They know what they own and are in it for the long haul.
Thanks for sharing this positive information!
I am in perfect agreement with you! I also appreciate a CEO who under promises and over delivers. Mark Kay burnished his credibility in my eyes telling it like it is without any hype.
I believe the 10 Q and SH meeting will show him methodically executing on the his four point company growth plan.
I'm thinking we might get a preview of coming attractions before the 18th with the release of the Q. What do you think?
Thanks for finding and posting our hard charging CEO increasing product awareness in yet another venue.
I look forward to the conversation! Then we will know who is right and who is wrong about SFOR based on the amounts in our brokerage accounts.
You're right. All we have to do is wait patiently one month.
Then American IP jurisprudence is out the window! Patent law would then be null and void!