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Agreed and while I missed .0002, his great DD helped me come up to speed fast enough to grab lots of .0004s.
I still have every one and then some...
And to you Sheep!
Actually we worked it out. My point is simple actually. SFOR's authentication patent is applicable to every user end (phone, tablet,etc) device.
Indeed Microsoft, per suit documentation, was using it as such and chose to settle discreetly.
People laughing at billion dollar valuations need to think what the patents are truly worth if used in basically every major brand device. I must have 20 in my house alone.
This authentication patent has absolutely nothing to do with DDos attacks as I understand it. Apples and oranges.
You are lumping server attacks into the same category as end user protection on an individual device. There are others out there far more tech than me so if I am in error please let me know.
IF, and I repeat IF, every Droid, Windows and IOS system is using SFOR's patented authentication system as charged in the M$FT suit and settled in secret, then 2 Billion might be considered a bargain.
IF that is the case, then one of the bigs would want it exclusively. That and they would love to restrict the competition, making their product stronger while crippling the others.
Just a thought
There was standard debt and convertible debt. Most companies have a credit line of some sort.
That convertible debt is the loan shark, bad stuff. That is what was paid off.
Fiscally, I would want that toxic debt gone at all cost but I can live with interest bearing standard debt if my cash on hand facilitates a rate of return greater than the debt interest with no liability to the company/share structure.
People wanting buy backs right now are in error. No way would you want a company to deplete savings to pay standard debt/buy back shares before a steady revenue stream is built. They are just exposing themselves to the strong possibility of taking on more toxic debt.
SFOR is in a very healthy fiscal situation IMO. Now the products need to start doing the work. Also, there is a 9 million payoff in 2020 that certainly will pay off the standard debt as noted by the CEO.
MSFT settlement does 3 key things IMO
1. Sets precedent for other bigs in violation
2. Killed the toxic debt and left the share count moderately healthy
3. Operating capital with no need for further toxic debt
Other than that, the products will do the rest. The settlement just bumped up the timeline considerably.
It is obviously "multi-millions". I could not be otherwise. The toxic debt stated in the previous 10K was more than 1 million. Operating expenses yearly are more than a million. Attorneys are going to bank AT LEAST 1 million.
They paid of all toxic debt except a "few" notes that refused payment and opted for conversion. The same conversion we long have gobbled up.
CEO stated operational cash for years ie plural.
Multi-millions is obvious. The guess is how many multi-millions.
Agreed. This occurred practically every day there was consolidation over the last two weeks. Building bigger foundations.
Going to be a lot of T trades today IMO
I have been watching this quite a bit. Thxs Stockstuffer. I have stopped on the daily commenting simply because I have said all there is to be said until FINS are out.
This has been textbook walking down/panic selling to cover shorts IMO. Consolidating at new highs
Once dilution from conversion is finished, SFOR share count will probably be around 2B. So every penny share price equals 20M in valuation.
Given one settlement is most likely in that ballpark, more on the horizon, new contracts and products hitting large retailers.... it is easy to understand why I see this company as severly undervalued.
PRs, 10K and 10Q will shore up a lot of unknowns but DD is clear! There is a LOT of growth left in SFOR IMO. That is a 900% increase from these levels to .01, 1800% at .02, 2700% at .03. The returns are mind-boggling. I am in at 2500% per copper originally but have added at these levels also. 900% per copper is mighty fine as well!
I would have to disagree with that Moe. They have a fiduciary duty to the shareholders to keep the company healthy and solvent. They now have operating capital for "many years".
Added income from sales or additional settlements may provide an avenue for buy backs in the future, but they need to amass savings to insure no more convertible debt is taken on. You aren't going to spend it all in a buyback and risk unforeseen liabilities making you take on debt again.
This is pretty basic finance 101 and my opinion of course.
Rather sad I didn't have any extra powder today. Another great buy in opportunity passed me by.
In the process they are thinning out the 12, 13 & 14s
From the short volume decrease I saw yesterday vs. the average for the last 7 days, I believe you to be absolutely correct Moe.
Excellent find I haven't seen yet. Just another piece of the pie! Thank you.
WOW, everything is mighty thin this morning.
13s were 5 mil deep on the ask and bid.
They are working hard to bring this down.
I might be a little burned when I cut the check to the IRS from these capital gains but I'll get over it.
Flippers aren't responsible for the short volumes. What I find ironic is the increased volume of Nay-sayers coinciding with the obvious decrease in short volume today.
If you don't like Sheep it is because he is constantly offsetting the Nays with links to DD most don't readily find, while constantly repeating the key points.
When it falls, we buy. Heck I am up 14% on the buys today. Thank you whoever you are!
Short volume on this stock has been close to 40% every day of trading since 3/9. ... except for today where it dropped to 26%.
Accumulation has been constant since 3/28 as has short volume
Short Volume Percent *Data OTCShortReport
3/28 85,987,779 52.04%
3/29 74,584,592 66.14%
3/30 82,971,709 39.99%
3/31 129,619,208 49.41%
4/1 90,331,943 39.47%
4/4 132,937,277 55.70%
4/5 60,621,606 26.01% <--- DING DING
Early morning accumulations tanked and whacking commenced and flippers spooked. That is until 12:20 and the 54 million BUY when accumulation shot back up to the highest levels since this run started.
IMO two things are happening here. #1 accumulations at its highest point and a .0001 valuation drop would indicate dilution by conversion. All longs know that and we are eating up the cheaps. #2 Converters can double dip by shorting a stock while converting, a classic money making method and key to a Death Spiral. This is NOT working anymore.
Dilution was not spaced out to get the top dollar today. It happened fast and hard this morning to walk it down and short positions were covered along the way. Today looked to be the beginning of short volume bugging out.
The data is there to validate Pitts. I suspect the info I just dug up will only invigorate people here.
IMO of course
20 years of being around Lawyers, I know one thing. After attorneys have built the case files, won the first suit and cashed a big check, they are much more eager to go after the next group.
The partners need their profit sharing!
I absolutely agree. Like I said, I can find no references of the CEO previously stating no reverse and then doing it. He simply found the only funding he could find.
His word now is "NO R/S" and I have seen no precedent to doubt it.
3 R/S because companies were pilfering the product instead of buying it. Phonefactor (purchased by Microsoft) being one of them. The first domino fell, the company is solvent, purchased all debt back that would accept payment and is firmly in the sales and marketing phase with real product that is obviously needed (ask Microsoft). No R/S has been clearly stated by CEO. I cannot find an instance in the prior R/Ss where he stated the same and went against his word.
I'll give you this NCAR, for 3 years you are nothing if consistent in your warnings. You are still ringing the bell but it sounds like the dinner bell. We longs came to gorge ourselves on SFOR.
20 mil + in T trades coming? My guess....
So your contention is the stock has maintained/increased through conversion and dilution but will sink after conversion is complete? I would have to disagree with that statement.
I am here because the math is ABSURDLY simplistic. Every Billion shares @ a copper is 10 million in valuation.
The out of band patents alone are worth far more than, but at least 100 million imo based on who is using them now.
There is just no way I cannot see this not in copper minimum, and the rate of return on my investment is ridiculous.
PRs and reports will clarify things but in the mean time I'll just keep loading while I can.
Pull back couldn't have came at a better time for me personally as I just got some funds in this morning. Many, many partials @ .0011 later I am a happy camper.
Good Good, thanks for validating what I thought to be correct.
That is why I am assuming the settlement wasn't outlandish. SFOR already had incredible time and limited resources wrapped up in a Phonefactor suit that appeared to be getting nowhere as they hid behind Microsoft.
The reverse splits weighed heavy on the company as an on going concern and a solution needed to be made in the shortest of order. The possibility of 3 more years of litigation, I believe, would ultimately destroyed the company. I suspect they settled for what they needed and for precedent.
As they move forward they are in a MUCH stronger position and are viable.
Again, purely speculation. Nothing would make me happier than to see a line item with 100 million in there but that just doesn't seem logical given the circumstances.
Technically they didn't though. The original suit did not list Microsoft. Furthermore, the previous suit would not allow SFOR to include Microsoft but acknowledged a new suit could be filed against Microsoft.
Basically this settled fairly quickly from a corporate standpoint. I hope I am remembering this right. I may need to go back and review the filings.
I agree with John. I am moving money to purchase routinely and appreciate any increased purchasing power prior to PRs.
Given the shorted positions in this stock and the price the ask would have to chase to get these longs to sell, you may indeed be prophetic.
If you are basing this purely on current accumulation levels I believe you to be in error. Most reasonable investors would agree this many days of successive volume and price maintenance are usually facilitated by institutional investing or buyback programs. The flippers have been swallowed up resolutely.
Don't miss the train!
I wasn't aware Microsoft bought in on pump/dumps.
A lot of people here are caught up on the past RSs as the company sought liquidity to remain in business. I have gone back and cannot find an instance where Kay said no reverse and did it. It was simply the only avenue by which to remain solvent, an unfortunate necessity. One that perhaps wouldn't have been necessary if the targets of their patent suits had properly licenses the products.
He has stated they have paid off all notes that would accept repayment and there will be no RS. I have no reason to date to doubt him and the product, and its users, speak to the patents worth.
Dragni Dragnev - a disbarred attorney with ties to organized crime and price manipulation.
I think he is probably short in SFOR.
Purely speculation but I don't think SFOR was in nearly as good of a leveraged position as they are now. I suspect 5-10 million after attorney fees.
A trivial amount in all honesty considering the true worth but given the position they were in monetarily, with notes coming due, Microsoft could have drug this out for several years.
To be clear, I don't see future suits settling this cheap. The company is now fiscally healthy, has contracts that help with valuation from a litigious standpoint and most importantly the precedent of Microsoft settling.
That is just my guess.
I agree though you are a tad more conservative than me. At the rate that this is getting walked up I am guessing .0023 or so.
If a PR drops then all bets are off the table and it blows up.
Annnd there are the T trades. Thin .0014 tomorrow
The pattern is clear. 1 to 2 ticks up, defer enough trades to T trades to make opening very thin.... rinse and repeat daily.
That is until the PRs and reports start dropping. At that point the base is stable and away we gooooooo
I'm see large buys and small bid whacks. There will be yet another big bunch of T trades around .0013 this afternoon IMO. Status quo as of late.
This volume is on pure potential and great DD. Once PRs and 10K/10Q drop you will quite liking see even more volume. In addition we are getting into enough days of strong buying that either institutional purchasing or buybacks has to seriously be considered IMO.
I've seen premarkets twice now on SFOR. No pre/post market trades are allowed so where is it coming from?