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The way this is probing highs and inducing flippers I suspect we may be .60 - .65 be eod.
This is text book shaking out the penny players.
Everyone has their own needs and situations so I never fault anyone for dragging cash off the table.
Personally I am good till $8-10 before I start that but to each their own.
Oh and thanks to John Kent for the heads up many months ago.
Well they sure got gobbled up!
Someone on etrade putting stop loses of 10k shares just below bid. Kiss those goodbye... MM going to chase those down haha.
I am guessing the one making my account full of green green #s... One World Cannabis.
Once filings are in and revenue numbers are confirmed, this one will fly as well.
Both have the same thing in common, tangible products in great markets.
GRRRR... take an extended lunch with associates and miss the good dip.
They must reduce the OS to facilitate the Blackbridge dilution that is forthcoming along with the 170 million in shares a few months ago.
It is just a game. RS, sink the pricing, convert the Blackbridge (commitment note and prep note)notes and get butt tons of shares cheap with a stupid low conversion rate I figure.
Blackbridge then starts buying common shares per agreement, allowing ABCE to sell some of the AS to pull cash out as people freak out with the price moving north and buy in.
Blackbridge will probably be selling its cheap conversions as well, regaining some, if not most, of its initial investment on the multi-bagger climb as they buy.
Think of it as two sets of books.
There is still money to be made but AFTER the RS and right after BlackBridge converts. I'll let Blackbridge push the price up and take their $$.
Until then, this is a dead stick imo.
Roger that!
And at these prices I'll keep flipping pot stocks and buying 1 million chunks at a time.
Great times...
Meh, my generation didn't get a trophy every day. I can handle some down days as I wait for the ultimate goal. SFOR can heat up extremely fast when the news is validated.
I have said before, if you are a day trader SFOR isn't a reliable flipper stock. You have a lot of board member setting on large gains who are liquidating some of those to play in more active stocks in the interim. The large investment group/groups that created the volatility earlier have also moved to more active markets as well. SFOR is in a holding pattern waiting for settlement news or the next 10Q.
Many, like me, probably see dips and buy up more chunks as the levels lower because we like the potential.
So yes, that would be a reason why gains aren't holding. People searching for immediate gratification don't get the PRs they rely on to move 10-20% intra-day.
I giggle when I stand back and look at this board's expectations of SFOR in 6 months.
Recall, just 9 months ago they were absolutely underwater in toxic financing, no one would purchase the patents as there was no recourse for simply stealing them and the outlook was very bleak.
In the last 9 months they have successfully litigated a settlement which paid off the most hazardous funding vehicles. Then, starting in June they added many advisers in various sections of industry while beginning to push their product to market both in retail and OEM.
Now we are seeing increases in revenue, modest but increases all the same most likely from retail as the larger contracts don't magically appear over night. Plus they have liquidity to cover expenses in the interim. Retail payments come in rather quickly but larger contracts are most likely paid quarterly or even larger intervals.
Basically we have had one quarters worth of reporting since larger deals have been targeted and somehow the board is wanting these sales to be finalized and paychecks in hand during those 3 months.
Sure would be nice if big business sales went that fast. That quick of a turn around is certainly not the norm!
Big chunks getting gobbled up. 500k Etrade ask now. Clearing out the flippers
Nor have I ever claimed 4.3 million in annual revenue.
What I can say definitively is 4.3 million paid off the toxic, adjustable convertible debt minus the DART note which is security backed.
I can also say while SFOR does in fact have a burn rate exceeding income, the income is increasing and they are burning cash that does not a. create dilution or b. results in a loan. That cash is also covering interest payments of their remaining loans.
In the world of penny stocks they are in a great position to succeed. Additional settlements don't even figure in the above. They are just an accelerated end to a means.
Yet you cannot take the settlement out of the equation can you? No you cannot, because it is in the bank.
We all know that the lump settlement was for repayment of pilfered proprietary property. Property that, had Phonefactor properly purchased it instead of stealing it, would have most likely provided the working capital needed to keep SFOR from taking on mountains of debt to begin with! Combine Phonefactor's infringement along with current litigation, and any more successful court cases is just additional proof that SFOR was robbed of its product, robbed of its ability to create income and has valuable, worthwhile products.
Now we have 2 quarters of increasing revenue. Not lights out revenue but steady increases with apparently deferred account receivables as well as increasing revenue sources.
If you are trying to day trade SFOR is historically tight lipped and not a PR machine so that sucks for flipping. If you are looking to accumulate shares at discount prices then all signs are pointing to a pretty decent hedge in the right direction.
Market has tried to shake shares all day on extremely low volume. The bottom is in and the coils are tightening.
In the land of stocks, you are wrong as you well know. Toxic debt is adjustable convertible debt which SFOR paid off or secured with assets (DART).
ROFL yes there is plastered all over every 10Q since the settlement in Feb. That number is the yearly, not the current quarter.
Furthermore revenue increased and clients are increasing, debt is going down, SFOR has cash enough for at least one year at the present burn rate. Plenty of time to keep increasing clients and revenue... easy!
As for your 500 million shares, better file your ownership form.
Man the level of alarmist has really gone down hill lately ROFL.
SOLID 10Q. Nothing exceptional, nothing negative. Slight share increase coinciding with preferred conversions, just as CEO stated.
Yeah I'll keep holding my .0004s as I wait for the eventual maturation of the business plan.
Actually I have been netting about 20% every 3 days while averaging down and increasing holdings. If I had a margin account I could do it every day almost. The walk downs are wonderful for me.
I saw red across my board today. Hardly prophetic imo. How about a nice /golfcap.
Lots of 100s on my level 2. Anyone going to be nice and give them some shares? I'm not, but then again I am a jerk so.....
Averaged down like BOSS! Thanks!
He was Chief Medical Officer and Deputy Director at two hospitals and still only stayed 2 years maximum.
Dr. Baruch, on the other hand, stays at positions 10 years +.
I don't know if it is a personality thing or what, but Baruch has an outstanding medical & managerial pedigree combined with longevity.
I don't see this as anything other than a vast upgrade.
Looking at Toker's employment history, he hasn't stayed at any job longer than two years EXCEPT a teaching position (which he is probably tenured).
CoFounder, GoBeenThere - 10 months
Scientific Advisor, OWC - 1 Year, 3 months
Chief Medical Officer, Southern District - 2 year, 5 months
CEO, Agam Group - 9 months
VP of Business Development, Capital Point Isreal - 1 year, 7 months
Medical Director, Centro Medico La Paz - 6 months
Deputy Director, Schneider Children's Medical Center of Israel - 2 years
Assistant to hospital director, Hadassa Medical centers the hebrew university jerusalem - 2 years
So, this guy coming and going seems to be a habitual thing. Furthermore he started his own business in Feb '16.
I missed the early dip this morning but my 4s are pretty happy. Thanks John on the good work as always!
ROFL MAN OH MAN
This is getting too fun!
Previous trades settled, fresh powder... thanks for the cheaps!
The key to these are finding the mouthpiece for the investment groups.
NEVER fight them, just bleed off large chucks of their $$.
3/23/2016
8-K
Page 2
Good gosh man, the terms of the settlement are sealed but SFOR is a fully compliant, publicly traded company.
They have to report all fiscal transactions, p good or bad. Everything is right there.
Now if they had not reported any money gained that would be shady ROFL.
IT IS ALL THERE... BLACK AND WHITE
No and I never said that. We don't have a clue what the agreement is because we can't see it.
Your guess is as good as mine. All we know is the settlement amount.
All we know is the settlement amount. The terms of the settlement are sealed. furthermore the language explaining the settlement is very vague. No way to tell if it was simply a lump sum or if additional licensing revenue is part of the deal.
What we do know is phone factor was purchased to support Microsoft Azure security with OOB patents owned by SFOR.
Phone Factor was bought out by MSFT. SFORs original suit of PhoneFactor was dropped after the judge wouldn't let MSFT be added to the suit.
So SFOR dropped PhoneFactor suit and sued MSFT. This effectively tied up the patented software PhoneFactor was stealing and made MSFT'S purchase worthless. So MSFT settled.
While.the specifics of the agreement cannot be disclosed, SFOR is required to report it. Hence the linked 10Q information I responded to you with.
It was disclosed and has been there all along.
Furthermore that money is disclosed in the last 10Qs and is the operating capital SFOR has been using for 6 months.
Exactly where it should be.... next question?
10Q filed 5/23
Page 16
Just responding to Peggy's stated desire to get in on the action
I got some from MSFT last spring riding SFOR from .0004
So many free shares and lots of $$ as well. Even if you missed the first one... you still have at least 3 more chances!
I have never seen the benefit of shorting penny stocks at these levels. I mean you can go look at FINRA and certainly see that it is done. OWCP is throwing rule 4320 flags for the last 2 days. The last reporting cycle on the bi-weeklies showed almost a million short shares as of 10/14. No doubt why the flags are flying now.
That said, the margin cost for those shares and the nature of shorting guarantee nowhere near the rate of return if you simply bought in and let the stock grow.
Shorting big board stocks I understand completely but down here it seems a stupid risk. Not that I will complain when the covers kick it.
I have some funds needing to settle so I can average down before the inevitable pop. No trouble for me. I have been digging for 3 days into the DD (late to the party) and like the upside tremendously.
Happy trading.
If you knew the company history you would know, while unfortunate, it was necessary at the time but no longer.
Furthermore, I venture to say anyone who lost money in the previous RSs should have been able to recoup FAR MORE than they lost had they bought in anytime since January '16. Mathematically speaking if they bought back even a 10th of their original purchases they made a TON OF PROFIT.
If you traded reasonably of course. If you bought in at every peak... well I cannot help you. If you bought in February, you are still up what.... 1600%?
It was done as the ONLY source of revenue generation they had available to them as they fought to legally protect their patents. Patent defense is EXTREMELY expensive and large Corps know this. Especially small fledglings like SFOR.
All directors have personally loaned the company large sums of money to keep it afloat. They exhausted all forms of unsecured financing (in the 10Qs) and had basically reverted to the loan sharks of the finance world... hedge funding toxic debt.
Every one here knows toxic debt or adjustable convertible loans. That is exactly what led to the RSs as they absorbed the conversions and then rolled back the AS after each large conversion.
Now I have gone back and looked and I cannot find ONE INSTANCE where Kay said no RS back then. I am not infallible so if you can find it I would be interested.
So it was an unfortunate, but necessary, income tool to raise capital as an ongoing concern.
And IT IS NOT NEEDED ANYMORE as SFOR has liquidity from cash settlements, they are beginning to have the products purchased that were once stolen and most importantly they are reducing debt load beginning with the adjustable, convertible debt. They paid those off first, with one holdout in March converting and ballooning the AS from 200 million to 2.3 billion.
Those are all the facts. Take them as you will.
Hutch