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I'd never tell anyone what to do with their own money. I would say SFOR has held EXTREMELY WELL at these levels with NO NEWS from the company and some excellent DD from investors.
There have been a few bear raids inducing panic with misinformation and coordinated dumping of a small amount of shares to start sales. It was tried again twice since the last dip and got gobbled up at .0039.
As more lawsuit filings come in and sales expands people are getting in at lowest levels.
Is this the lowest? I have no idea. It is my opinion though that the first whiff of a suit settlement or a large contract and this blasts off to copper in 5 minutes and never looks back.
Best of luck in making the right decision with your $$
SOMEONE IS TRYING TO COVER TODAY
Razor thin levels, trades 1 tick under bids, alarmists messages flooding the boards.
SFOR share holders just turned the heat up on the dancing chickens IMO.
Long aren't buying it.
DANCE DANCE DANCE
I also agree. SFOR is in a holding pattern until confirmation of DD is officially disclosed. From there I think the increases will be based on the type of news.
Settlement News
Amounts probably won't be seen until the 10Q. I would expect at that time most,if not all, of the standard debt would be paid off. I honestly don't see SFOR going to the bank with less than 25 million after attorney fees unless some long term licensing is involved.
I also don't expect any kind of share buyback after the first settlement unless proceeds are considerably larger than I expect. The company needs to remain fiscally solvent and not be exposed to the toxic debt they had to take on during the first trial. It almost bankrupted SFOR.
I could see SFOR doing modest buybacks if more settlements of similar levels came in but only if the business model didn't need that cash. Honestly the share structure is fine if you are looking at long term growth. It is only affecting those who are looking at the ever increasing green and wanting thousands upon thousands NOW!
Sales Income
This is the heart of the engine. SFOR needs contracts and sales. The last 10Q showed a modest increase (40%?) but 40% at those levels isn't going to cut it.
We know there is a ton in the pipeline through the outstanding DD of this board but we need time for this to be realized and confirmation of the levels. It will personally be disappointing with less than 100% increase this next 10Q. I am not expecting 700% or anything crazy.
Just need to see revenue increasing as sales efforts pick up. 4-6 months should be plenty of time to start seeing positive results.
Buy Out
Who knows.... drive 70, pull the steering wheel off and chunk it out the window.
Personally I see this @ .02 -.05 with news of a settlement even without knowing the amount. I would add another .01 - .02 if debt is wiped and sales increase 100% or better. Ultimately I see this stock as a .25-.35 value company if revenue hits where it should be with this present share structure.
JMO of course
I have yet to see proof of any relevance with respect to your point #1 though I agree with you whole-heartily with with your beliefs regarding 240.10b-5 being applicable to your point #1.
Indeed to da moon SFOR!
It goes both ways.
All SEC rules have relevance, hence their creation.
The question is how is this particular rule relevant to SFOR? There has been ABSOLUTELY ZERO proof, or even collaborative suspicion of recent promotion, disclosed or otherwise.
No change in the OS confirmed practically daily by IHUB members to the point of ad nauseam. This is further verified by the last two 10Qs.
In penny land, accustomed to fluff PRs and hopes and dreams, this group has put together amazing DD and is (im)patently waiting for confirmation from a company that has been incredibly stingy with PRs as of late as the company plan comes to fruition.
Perhaps this is an appropriate time for all to familiarize themselves with another SEC Rule...240.10b-5
§ 240.10b-5 Employment of manipulative and deceptive devices.
It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
(a) To employ any device, scheme, or artifice to defraud,
(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or
(c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person,
in connection with the purchase or sale of any security.
(Sec. 10; 48 Stat. 891; 15 U.S.C. 78j)
[13 FR 8183, Dec. 22, 1948, as amended at 16 FR 7928, Aug. 11, 1951]
ADDITIONAL consideration when investing in SFOR
Please be aware of the huge tax liabilities present/future SFOR investors could incur from the incredible gains made in this stock.
Those considerations may include:
Short Term Capital Gains vs. Long Term Capital Gains
The dreaded AMT tax implications to your newly found wealth
Secure wealth management methods
Investment vehicles
Wealth Transfer Vehicles
Investors should also familiarize themselves with
IRS Topic 409 - Capital Gains and Losses
IRS Publication 17 (2015) for additional forms
IRS Topic 556 - Alternative Minimum Tax
Don't let the joys of SFOR gains lead you on a path of fiscal despair with the IRS! Good Luck!
BULLS have this level LOCKED UP!
There are far too many catalyst in the fire to give any shares up at this level.
Couple that with the few bear raids based on misinformation, now the bulls are well conditioned against alarmist attempts trying to seed fear IMO.
Also thinning out the day traders who are understandably taking their profits at their self-determined levels of success. This injects new investors holding in anticipation for the next leg up.
SFOR is coiled up like a spring just waiting for confirmation PR to turn it loose! The next 100% gain takes this to copper and beyond! Still extremely attractive entry prices on a stock with incredible potential and no fluff PRs begging you to buy in.
CEO is just executing his plan and the results are speaking for themselves. Not your typical penny stock for sure.
Congrats to the visionaries!
Onward SFOR
100% OF MSFT SETTLEMENT TO SFOR
To think any patent is partially owned by another party and they didn't want their percentage of the proceeds is a pretty horrible business model for success.
The 10Qs show clearly H Groups security interest of 310k paid in full.... zero balance including accrued interest.
Security interest btw is collateralized loans which require default to collect. Since loans are paid in full there is no collection opportunity available.
INCORRECT DD, WRONG
"By the way, after attorney fees and costs, Strikeforce only got 3.4 million wich NOT ONE PENNY went to paying down the TOXIC DEBT.."
10Q 5/23/16
Page 5
Other Income:
Litigation Settlement 9,750,000
Fees related to litigation settlement 4,187,257
Total from Lit 5,562,743
Page 7
Extinguishment of derivative liability 635,620
Page 11
"At December 31, 2015, the balance of the unsecured convertible notes with adjustable conversion features was $824,861. During the interim period ended March 31, 2016, the Company repaid a total of $613,351 of unsecured convertible notes principal. In addition, note holders converted an aggregate of $143,123 of unsecured convertible note principal. At March 31, 2016, the balance of unsecured convertible notes with adjustable conversion features was $68,387 and pertains to one unsecured convertible note which was repaid in April 2016.
I try but Pulp Fiction flashbacks just get me fired up
The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he, who in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who would attempt to poison and destroy my brothers. And you will know my name is the Lord when I lay my vengeance upon thee.
It would certainly be in SFORs best interest to settle. I am curious how the recent patent law changes may affect the suits as it applies to current litigation as well.
Honestly I haven't check into it that much.
I agree though I will say the one that settles quickly will get the best deal. There certainly is inventive to get it wrapped up ASAP.
I also think the suits go as follows
Option A. 25-50 million and licensing fees going forward, settle in mediation.
Option B. Settle it in front of a jury, asking for 50-100 million and treble.
I was only 500k of of the MSFT settlement guess... hopefully I bat 4 for 4
I too have always thought this was the buyout figure based on similar company sales info.
The only variable that is hard to pin down is the influence of the suits. IF the suits, and therefor the patents, are as strong as they appear this could get wild.
Aside from mitigating settlement cost, the purchasing company could really inflict some serious pain to competitors infringing on the patents. That would be worth some $$ IMO.
So your first linked article obviously wasn't a "paid promotion" since it called for a pullback. Hardly a pump from SFOR ROFL.
So lets see more evidence. Keep them coming.
WOW "***** SFOR On Radar Looking 4 a Pullback *****", the header for your linked article, was a company paid promotion? ROFL!!!!!
Ummm... I don't even know how to respond to that.
I approve of drunk chart analysis coupled with fun adjectives and metaphors. I prefer the whiskey version rather than wine... strong flavor and some bite.
Moonshot if that happens IMO. Throw RSI and such out the window.. along with the brake.
That is exactly why I quite playing the highs and lows and just started accumulating. Way too many catalyst in play now to miss the run.
I guess it got too close to the 20MA to chance not getting in the next leg... or at least that is what some drunk chart analyst told me would happen.
WOW someone is flat LOOTING shares @ .0041. 3 mill and counting. MMs are loosing control.
It might have been intended as a fake wall but someone stole their basket of goodies before they could pull it back ROFL
If someone was trying to wall up .004 they just lost 7700 worth of stock right before the next leg imo.
OUCH!! Play silly games... win silly prizes I suppose
THANKFULLY I have done exactly the opposite of your recommendations and am now 80k wealthier with boat loads more on the horizon.
Thank You! GOSFOR!
I suppose if I was day trading SFOR I would be as concerned as you obviously are.
In this extremely rare instance in penny land, there are so many catalyst on the horizon I really don't care.
I bought in initially at trip 3 so 7 more months and my tax liabilities go down substantially on the bulk of my position.
BUYING SFOR @ .0039 is like buying a clearance item you are already excited about.... only to get another 10% off at the register. YEAH BABY!!!
GO SFOR
Fake walls are commonplace in SFOR trying to slow momentum. Even earlier today 200,000 shares burned through two ticks.
No one is fooled imo
Exactly like it has done two times prior to the next leg. It is no secret the efforts on this board. 90% of the current readers own a large portion of the shares currently supporting this level and have been here for months.... much longer than the new faces popping up with tales of catastrophe.
New faces spreading doom and gloom do nothing. 5 million share attempts at raids on low volume days with alarmist tones just don't work as the dips got gobbled.
This level is locked, support it holding and powder is always lurking to pick up bargains. Good Day. JMO. GO SFOR
Interesting enough SFOR has churned along setting higher lows between the last 10Qs and beyond on absolutely no news between. Only lawsuits we knew were coming.
SFOR prices are increasing based on CEO stated pushes to market which we are seeing as well as his attempts to clean up debt, starting with the worst first.
Lawsuit success appears reasonable to reliable given the MSFT verdict.
And to this day not one investor, either alarmist of supporter, and shown me EVEN ONE instance where CEO stated a lie in an effort to manipulate investors. R/S were the result of toxic financing as a last ditch effort to enforce patents as companies simply stole the patents rather than pay for them.
I have absolutely no reason not trust the Kay at his word unless events unfold that break that trust. Even those from previous RSs knew the company was taking on toxic financing and elected to stay. The eventual result is obvious.
As of today NO filings have been submitted for toxic financing, the company has liquidity, sales are increasing and suits are progressing.
Best play potential in this price range up to .01 BY FAR
"Only Patent"? POSITIVELY FALSE!!!!
On the brightside, that pathetic "raid" should effectively clean up the boards for a while ROFL.
Gaps in company info combined with low volume are prime targets for shorties. I'm sure they were shooting for more that 7-10% but the bulls are in control now IMO
Only 4 million shares shorties? That's all the purchasing power you have at these levels?
That certainly isn't going to last long LOL. This has became so predictable when I see the bold text lies on the board I move the powder over.
THANKS FOR THE CHEAPIES ROFL
Longs are in control here. Daytradders and margin accounts are trying to get some price movement occurring but large share holders are setting tight.
No more cheap shares to shake. The board has been flamed too many time to be effective anymore imo.
Holders are solid in the direction of SFOR
ABSOLUTELY FALSE
If memory serves over $600,000 was spent paying off adjustable, convertable debt.
You need to reread the prior 10Q. Your statement is in GROSS error.
SFOR OTC BEAST MODE!!!
PLOW THOSE NEW SHORTIES INTO THE DIRT.
ROFL apparently I should have used my sarcastic face. Perhaps you should read the post I replied to... and a few more of my previous postS regarding SFOR.
Happy trading!
Much like the post I replied to. ToS means you have to be creative in your replies.... I prefer sarcasm.
Been here since .0003 and very long and strong. Don't post much anymore other than to have fun with the alarmist.
Microsoft is in on the scam... they claimed to had settled with SFOR. They even tricked a judge and filed fake documents in court!
That is almost what I have cleared on each of the runups.
BEAST
Too much in the pipes now to risk a flip now though.
I agree... it will be MUCH HIGHER than that!
Only .10 buahahaha