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No, you are dead wrong. There is no additional "debt" only additional funds available for litigation, which, if there isn't any settlement money there is no requirement to pay back (period)
ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
On September 6, 2017, the Company entered into a Litigation Funding Agreement with two parties (the “Funders”) for the purpose of funding the enforcement of certain patents relating to the process of providing dual channel authentication against several infringers (the “Litigation Enforcement of Patents”).
The Litigation Funding Agreement provides for the following:
1. Immediate funding of One Million, Five Hundred Thousand Dollars ($1,500,000) (“Initial Funding”).
2. The Funders shall receive from the proceeds of any litigation arising from the Litigation Enforcement of Patents (the “Claim Proceeds”), an amount equal to One Million, Five Hundred Thousand Dollars ($1,500,000) plus ten percent (10%) of any balance thereof until the Funders have received an aggregate of Seven Million, Five Hundred Thousand Dollars ($7,500,000) and thereafter, in perpetuity, Two and One Half percent (2.5%) of any and all additional Claim Proceeds.
3. The Company can request subsequent funding, upon notice and request of the Company, of up to an additional One Million, Five Hundred Thousand Dollars ($1,500,000) payable in increments of $250,000 during the period of February 1, 2018 through January 31, 2019 (“Additional Funding”).
SAN DIEGO, Nov. 06, 2017 (GLOBE NEWSWIRE) -- Organovo Holdings, Inc. ( ONVO ) (“Organovo”) and Viscient Biosciences (“Viscient”) today announced a collaboration to develop a custom research platform for studying liver disease. The partnership is expected to expand upon Organovo’s current service portfolio for compound screening in disease models, which aids the drug discovery work of the Company’s customers. Viscient is targeting early discovery work for non-alcoholic fatty liver disease (“NAFLD”) and non-alcoholic steatohepatitis (“NASH”).
“We continue to have excellent traction with a wide range of biopharmaceutical companies in evaluating our tissue systems to facilitate the discovery and development of novel drug candidates to treat liver disease,” said Taylor J. Crouch, CEO, Organovo. “Our 3D disease models have the unique capability to demonstrate drug mechanisms of action and efficacy in a setting that closely mimics human livers. We’re proud to collaborate with Viscient’s talented team as they have a strong understanding of our expertise. Our aim is to establish a custom platform that will support high-value drug profiling, and ultimately move our collaboration into a steady-state relationship.”
“Viscient is a strong believer in unlocking the power of 3D bioprinting to bring cures and treatments to patients with few options today,” said Keith Murphy, CEO, Viscient Biosciences. “In our pursuit of breakthrough therapies in important areas of medicine, we’re eager to tap into novel, complex and more accurate disease models. Organovo’s technology provides the potential for valuable and unprecedented insights as we target new drugs in areas of unmet medical need and strong commercial potential.”
Deteriorating liver function is a growing and serious public health concern, with an estimated 100 million adults in the U.S. afflicted with NAFLD, while up to 20 million more Americans are projected to have NASH. Left unchecked, these diseases can progress to cirrhosis and cancer, with NASH being the second leading cause of liver transplants in the U.S. Despite decades of intense research worldwide, the understanding of NAFLD progression and the development of novel therapeutic approaches have been limited by the lack of advanced systems that mimic human liver biology over an extended period of time.
So you feel like this next settlement is going to be big enough to warrant an 8-K?
Just in case someone is looking at why SFOR is going up, and wonders if they have enough money for all this litigation.
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 6, 2017
STRIKEFORCE TECHNOLOGIES, INC.
.
.
.
ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
On September 6, 2017, the Company entered into a Litigation Funding Agreement with two parties (the “Funders”) for the purpose of funding the enforcement of certain patents relating to the process of providing dual channel authentication against several infringers (the “Litigation Enforcement of Patents”).
The Litigation Funding Agreement provides for the following:
1. Immediate funding of One Million, Five Hundred Thousand Dollars ($1,500,000) (“Initial Funding”).
2. The Funders shall receive from the proceeds of any litigation arising from the Litigation Enforcement of Patents (the “Claim Proceeds”), an amount equal to One Million, Five Hundred Thousand Dollars ($1,500,000) plus ten percent (10%) of any balance thereof until the Funders have received an aggregate of Seven Million, Five Hundred Thousand Dollars ($7,500,000) and thereafter, in perpetuity, Two and One Half percent (2.5%) of any and all additional Claim Proceeds.
3. The Company can request subsequent funding, upon notice and request of the Company, of up to an additional One Million, Five Hundred Thousand Dollars ($1,500,000) payable in increments of $250,000 during the period of February 1, 2018 through January 31, 2019 (“Additional Funding”).
4. In the event the Company requests Additional Funding, for each $250,000 received, the Funders shall receive from the Claim Proceeds an additional Two Hundred and Fifty Thousand Dollars ($250,000), plus, pursuant to the Additional Funding clause, one-sixth of Eight percent (8%) (1 and 1/3 percent) of all additional Claim Proceeds until the Funder has received an additional One Million, Two Hundred and Fifty Thousand Dollars ($1,250,000.00), and thereafter, in perpetuity, one-sixth of Two percent (2%) (1/3 of 1%) of all additional Claim Proceeds.
Management believes that this Litigation Funding Agreement will allow the Company to pursue litigation against any infringement on its patents. Previously, in an action commenced on March 28, 2013 (subsequently amended in April, 2014), and settled on January 15, 2016, the Company settled certain patent litigation through a Release and License Agreement in which certain patents were licensed to Microsoft Corporation, and the Company received a non-disclosable one time lump sum payment. No assurances can be provided that subsequent litigation, funded through the Litigation Funding Agreement, will have the same results.
3
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STRIKEFORCE TECHNOLOGIES, INC.
(Registrant)
Dated: September 11, 2017
By:
/s/ Mark L. Kay
Mark L. Kay
Chief Executive Officer
Just saw 2million on the bid at .0175, too bad bubba, gonna have to raise it
.0180 starting to fill. Still not getting my shares
Doesn't matter how many SFOR I got in the trips, or under a penny, or under a dime. What matters is how many I have when they hit a dolla to make me holla
It wasn't even that bad. It looks to me like they sold off about 3.4 million shares on the jump last Monday the 16th.
https://whalewisdom.com/stock/sfor
Here's another one touting SFOR technology without even realizing it...
http://www.makeuseof.com/tag/setup-two-factor-authentication-social-accounts/
My opinion, they sold way to soon. But hey, sometimes even folks with deep pockets have to follow company rules on when to take profits.
It seems likely to me that they just took some profits on the 16th by selling off some of their holdings, which put them under the 5% reporting criteria, and thus generated the 13G report. They probably still have millions of shares, but now under 5%.
The volume is definitely saying something is up. Seems like accumulation being done by someone.
I have a lot of hope for this company's future in bioprinting replacement organs. But I can wait 5 years, although it looks like two or three years will be enough for clinical studies to begin. Last report I read said they're looking at 2020 to begin FDA PMA. Long play here.
I agree, since Mark Kay said something to the effect he was going after other infringers for a lot more. What's a lot mean? Not sure, but I'm hoping something over 30 mill per lawsuit. That would make 2 cents cheapies.
I think most people have figured out that they no longer have ANY reportable shares. See the latest 13G...
http://archive.fast-edgar.com//20171023/A2ZHT22CZ22D59R2222W2ZZ2DJTNZZ2HC292/
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]
Form SC 13G/A StrikeForce Technologies Filed by: UNION CAPITAL, LLC
BY 10K Wizard
— 6:01 AM ET 10/23/2017
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]
Why don't you check with the TA and let us know how wrong you are?
I would agree with that $1 share price for SFOR... IF the existing share structure remains. However, if, as I suspect, Strikeforce decides to buy back a significant amount of their shares prior to a buyout offer, then it could be very much higher than that. I'm thinking more like $10 a share in 2018. Just sayin...
I'm looking forward to Friday when folks will have more funds to buy dollars for pennies... just sayin...SFOR!
It's fun watching SFOR rocket man. Thanks for the L2 updates.
Hey, what's this?
https://www.turnon2fa.com/
That was a pretty lame effort by SecureAuth comparing package verification using bar codes or other markings with Multiple Factor Out of Band Authentication of identity with a cell phone, by connecting 2 completely otherwise disconnected and unique devices, for on-line computerized account access. (which in my estimation, amounts to creating a 3rd device (an identity)
With the U.S. Patent Office JUST NOW, again, affirming the '698 patent, does that argument even have any standing? The patents were affirmed, and the court isn't interested in the patentability of the invention. Only whether or not and how much they have been infringed upon. So ya, laughable.
And oh, by the way, is SecureAuth making money selling this so-called non- patentable product?
The settlement is what will drive SFOR. The bigger the better! Any wild ass estimates?
Any idea when we should expect the international patent? When/If it gets granted, who would be the first international patent lawsuit against?
StrikeForce Technologies Announces that the United States Patent and Trademark Office Denied Two Petitions for Inter Partes Review of StrikeForce’s U.S. Patent No. 8,484,698
BY GlobeNewswire
— 10:15 AM ET 10/17/2017
Mark Kay from Strikeforce Technologies want's to sell SFOR for 8 billion USD. He just might get more.
Only up 22%? SMH. Anyone have an L2 they could put up? Curious to see what's happening there.
AND AND AND I don't think the word has gotten out to the general public yet. Other than the 78% gain on Friday hitting folks' radars, Those of us keeping track of SFOR here on IHub are likely the only ones in the know, so far. Wait till this hits the street! OMFG!
Case 1:17-cv-00309-CMH-TCB Document 127-1 Filed 10/12/17 Page 2 of 2 PageID# 3723
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
ALEXANDRIA DIVISION
STRIKEFORCE TECHNOLOGIES, INC.,
Plaintiff,
v.
ENTRUST, INC., ENTRUST DATACARD
CORPORATION, and CYGNACOM
SOLUTIONS, INC.,
Defendants.
Civil Action No. 1:17-cv-00309-CMH-TCB
JURY TRIAL DEMANDED
[PROPOSED] ORDER
THIS MATTER comes before the Court on the parties’ Joint Motion to Stay Litigation
through October 27, 2017. For the reasons stated in parties’ Joint Motion and Memorandum in
Support, and finding just cause, the parties’ Joint Motion to Stay Litigation is GRANTED and this
matter is stayed through October 27, 2017. The parties shall file a dismissal order or status report
with this Court on or before that date apprising the Court of the status of completing the settlement
and the timing of presentation of a dismissal order.
IT IS SO ORDERED.
Case 1:17-cv-00309-CMH-TCB Document 127-1 Filed 10/12/17 Page 2 of 2 PageID# 3723
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
ALEXANDRIA DIVISION
STRIKEFORCE TECHNOLOGIES, INC.,
Plaintiff,
v.
ENTRUST, INC., ENTRUST DATACARD
CORPORATION, and CYGNACOM
SOLUTIONS, INC.,
Defendants.
Civil Action No. 1:17-cv-00309-CMH-TCB
JURY TRIAL DEMANDED
[PROPOSED] ORDER
THIS MATTER comes before the Court on the parties’ Joint Motion to Stay Litigation
through October 27, 2017. For the reasons stated in parties’ Joint Motion and Memorandum in
Support, and finding just cause, the parties’ Joint Motion to Stay Litigation is GRANTED and this
matter is stayed through October 27, 2017. The parties shall file a dismissal order or status report
with this Court on or before that date apprising the Court of the status of completing the settlement
and the timing of presentation of a dismissal order.
IT IS SO ORDERED.
Autonomous robots are going to be the next big thing. Just getting started it looks like.
http://www.vision-systems.com/articles/2017/10/ifr-global-market-for-service-robots-on-the-rise.html?
Note: I did not add the CAPs at the end, SO ORDERED is like that in the document... very exciting!
Case 1:17-cv-00309-CMH-TCB Document 127-1 Filed 10/12/17 Page 2 of 2 PageID# 3723
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
ALEXANDRIA DIVISION
STRIKEFORCE TECHNOLOGIES, INC.,
Plaintiff,
v.
ENTRUST, INC., ENTRUST DATACARD
CORPORATION, and CYGNACOM
SOLUTIONS, INC.,
Defendants.
Civil Action No. 1:17-cv-00309-CMH-TCB
JURY TRIAL DEMANDED
[PROPOSED] ORDER
THIS MATTER comes before the Court on the parties’ Joint Motion to Stay Litigation
through October 27, 2017. For the reasons stated in parties’ Joint Motion and Memorandum in
Support, and finding just cause, the parties’ Joint Motion to Stay Litigation is GRANTED and this
matter is stayed through October 27, 2017. The parties shall file a dismissal order or status report
with this Court on or before that date apprising the Court of the status of completing the settlement
and the timing of presentation of a dismissal order.
IT IS SO ORDERED.
incorrect. SFOR stocks won 78% increase in value in one day
Nothing. Else. Matters.
Case 1:17-cv-00309-CMH-TCB Document 127-1 Filed 10/12/17 Page 2 of 2 PageID# 3723
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
ALEXANDRIA DIVISION
STRIKEFORCE TECHNOLOGIES, INC.,
Plaintiff,
v.
ENTRUST, INC., ENTRUST DATACARD
CORPORATION, and CYGNACOM
SOLUTIONS, INC.,
Defendants.
Civil Action No. 1:17-cv-00309-CMH-TCB
JURY TRIAL DEMANDED
[PROPOSED] ORDER
THIS MATTER comes before the Court on the parties’ Joint Motion to Stay Litigation
through October 27, 2017. For the reasons stated in parties’ Joint Motion and Memorandum in
Support, and finding just cause, the parties’ Joint Motion to Stay Litigation is GRANTED and this
matter is stayed through October 27, 2017. The parties shall file a dismissal order or status report
with this Court on or before that date apprising the Court of the status of completing the settlement
and the timing of presentation of a dismissal order.
IT IS SO ORDERED.
In case anyone missed what's going on:
Case 1:17-cv-00309-CMH-TCB Document 127-1 Filed 10/12/17 Page 2 of 2 PageID# 3723
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
ALEXANDRIA DIVISION
STRIKEFORCE TECHNOLOGIES, INC.,
Plaintiff,
v.
ENTRUST, INC., ENTRUST DATACARD
CORPORATION, and CYGNACOM
SOLUTIONS, INC.,
Defendants.
Civil Action No. 1:17-cv-00309-CMH-TCB
JURY TRIAL DEMANDED
[PROPOSED] ORDER
THIS MATTER comes before the Court on the parties’ Joint Motion to Stay Litigation
through October 27, 2017. For the reasons stated in parties’ Joint Motion and Memorandum in
Support, and finding just cause, the parties’ Joint Motion to Stay Litigation is GRANTED and this
matter is stayed through October 27, 2017. The parties shall file a dismissal order or status report
with this Court on or before that date apprising the Court of the status of completing the settlement
and the timing of presentation of a dismissal order.
IT IS SO ORDERED.
Case 1:17-cv-00309-CMH-TCB Document 127-1 Filed 10/12/17 Page 2 of 2 PageID# 3723
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
ALEXANDRIA DIVISION
STRIKEFORCE TECHNOLOGIES, INC.,
Plaintiff,
v.
ENTRUST, INC., ENTRUST DATACARD
CORPORATION, and CYGNACOM
SOLUTIONS, INC.,
Defendants.
Civil Action No. 1:17-cv-00309-CMH-TCB
JURY TRIAL DEMANDED
[PROPOSED] ORDER
THIS MATTER comes before the Court on the parties’ Joint Motion to Stay Litigation
through October 27, 2017. For the reasons stated in parties’ Joint Motion and Memorandum in
Support, and finding just cause, the parties’ Joint Motion to Stay Litigation is GRANTED and this
matter is stayed through October 27, 2017. The parties shall file a dismissal order or status report
with this Court on or before that date apprising the Court of the status of completing the settlement
and the timing of presentation of a dismissal order.
IT IS SO ORDERED.
WOOT!
Holy moly, under a buck and a half! Geez, this keeps up and I may have to file an SC 13G of my own!
SMH at those selling this disruptive technology company right before huge news comes out...
just smh
This is a patent play. Normally, you can expect patent plays to take considerable time. The good news here is that a considerably long time has already passed and now some monstrous catalyst are imminent...
FMW Media Works Corp.’s “New To The Street” Business TV On October 26, 2017, Films Exciting New Line-up - PetVivo Holdings, Inc (PETV), Premier Biomedical, Inc. (BIEI) and Strikeforce Technologies, Inc.(SFOR)
Agreed with everything except your event horizon. I think it's closer to 2-3-5 years for therapeutic tissues getting into the FDA approval process.
Last I heard, all the animal trials were going very well. No surprise to me, replacing tissues with the same DNA signature should work.
Considerable dip here today. May be a good time to average down some more.
SFOR is a patent play
Hell yes folks wish they bought more down there! Going to feel the same way about the pennies.
We'll be saying, "man, remember when this was under a penny not long ago?"