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Different situation back then, when they went after the initial 3 the company was broke, lawyers were not working on contingency. They had to be strategic about it or they would have gone bankrupt. Now we have cash, layers are working on contingency, don't expect any of the infringes to get out easy. Go SFOR!
Regardless if you are bullish or bearish. One has to agree that this has been the best position the company has ever been in their 15 years of life. This is the first time they have 1.6mil cash in the coffers. The question is how will their strategies work before they run out of this current cash. The company has probably 1 year of payed operations based on that cash (looking at the last 2 10q they cash used for 1 quarter was about 500k)
Questions are:
Can they reduce expenses to extend that cash?
Will the deals they are working on kick in prior to the cash running out?
Will litigation against the 3 companies at this time going to be resolved prior to the cash running out?
Key right now is to create enough revenue to become cash flow positive, They do have 3-4 quarters to do that before the cash run out (if the new litigation gets settled they will be able to extend that lifeline period)
I didn't claim it did, I just though you were looking for info on the cases.
https://www.pacermonitor.com/public/case/8419301/StrikeForce_Technologies_Inc_v_Microsoft_Corporation
https://www.pacermonitor.com/public/case/12206186/STRIKEFORCE_TECHNOLOGIES,_INC_v_DUO_SECURITY_INCORPORATED
https://www.pacermonitor.com/public/case/12206188/STRIKEFORCE_TECHNOLOGIES,_INC_v_CENTRIFY_CORPORATION
https://www.pacermonitor.com/public/case/12206187/STRIKEFORCE_TECHNOLOGIES,_INC_v_TRUSTWAVE_HOLDINGS,_INC
For all those claiming facts over fiction and vice-versa:
Here are the facts:
11/9 - court meeting with all 3 defendants - No one knows what this is about.
~11/15 - 10-q is due
11/18 - Shareholders Meeting (first shareholder Meeting in 15 years)
Now based on these facts, you can draw your conclusions and decide if it is positive(buy)/negative(sell) or you can also wait.
anything else going on with the PPS right now is pure manipulation/flippers.
If it goes to .02+ or .004- it is all based on manipulation.
Company had 127k in revenues for last Q and It had 1.6mil cash.
Next 10-q will tell us the direction where this is moving.
Anyone claiming UP or Down at this time is merely speculating and has no FACTS to back it up whatsoever.
now this post should totally be a sticky:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126256865
Here is the PPS manipulation issue we have right now. The stock moved from .008 to .00655 (nearly a 20% drop) on only 3 mil shares traded at a point of time today. (Many here have millions of shares below .001 (so literally anyone with a 3k invested at about .001 back a few months ago can manipulate this stock right now)
If you had a company and you owned patents and other companies infringed on it, would you not go after them? So they should simply ignore that? c'mom man, I expect you are smarter than that.
You do know we are in the middle of litigation against 3 companies right? Isn't that a fact? Now of course the outcome can be positive or negative. So many will invest ahead of the outcome so that if the outcome is positive the reward will be tremendous. Others might want wait for the outcome first to then jump in or not. That is the risk/reward part of investing. Now it is a fact that Microsoft settled with Strikeforce, It is a fact that the Blank Rome lawyers are working on contingency for this litigation. Those facts gives some of us enough to believe that the chance the outcome will be positive. But to others (like you) it may not. Which is fine too.
There is obviously manipulation with this stock. So many own millions at very low PPS (trip zeros) It is easy for anyone of those investors to drop the pps by simple selling a few million shares at 20% lower than current pps, that activates more panic selling, but if you notice it quickly gets bought up again. So yes, this stock is very volatile at the moment. Yet it does not change the fact that many catalysts are coming ahead soon.
So many flippers from yesterday. Just hope it closes green today.
The moment settlements hit, you will be wishing you had the opportunity to buy at .024
I really feel bad for people that panic sold yesterday....NOT, suckers! now chase it!!!
you are correct! Microsoft chose to settle (for 9+ mil dollars) before they went to court. Go SFOR!
correct! SFOR needs to add more lawyers because we going after more infringers! Go SFOR!
I guess Microsoft likes to payout 9+ million dollars to scam companies then? Or are you also going to claim that was not real?
Neither am I, didn't sell when I it went to .025, not selling now either. Saw this happen before where it went to .0040 then dropped down to .0008s back in april/may only to then go up into the .025. Do not forget that. I got time to wait for the deals. Company is in the best shape it has ever been in its lifecycle, remember that.
never understood what people saw in this company, they own nothing, no intellectual property, no major deals. All this company was, was a small engineering firm that provided services. It should have never gone public. I work for an small engineering company that does 1000s of times better than this company and we would never would even consider going public because it is not the type of business worth for investors to invest in it (and we are very profitable).
don't know and not worried about it. Here are the key things to about this company and why I invested in it:
First and foremost: their Intellectual property! patents patents patents!
(litigation falls into this one)
Second: actual cash on hand to sustain their operating expenses (thanks Microsoft :))
Third: No Note holder debt loans (CEO was very clear of that on the video)
Fourth: working on enterprise deals and products expanding in retail (Target, Amazon, Office depot, etc)
Fifth: possibility of buyout in the longer run (due to the first key in this list)
I do not need instant gratification, I can easily wait until next year to see a tremendous return on my investment.
GLTA and Go SFOR!
Lets put all in perspective here guys, most days this trades about 17-25mil shares, that is less then 1-2% of the A/S. most investors here have their shares tucked away, while the 1-2% keep playing games trying to move the stock up or down a few points. In the end all this daily Bullsh*t between bulls and bears here wont matter a thing. It will all be forgotten, Litigation settlements and company growing revenues will dictate where this goes. So have your fun but remember, you are all playing with crumbs here.
With the next 10q will be important to see how much of the cash on hand got used for the past 3 months, then we will have 2 10q(s) to compare as to how much that cash is being used (right now that is key to the companies' survival while waiting on bigger deals + litigation settlement) It will give us a time frame of how long the company can live off of that money before getting the next settlement done ans/or major deals. Also will be important to see how much of the current debt was paid down. (via prefered stock conversions - since Kay mention they have no more note holder loans) If revenue is in line with prior 10q we should see another 129k in revenues for the past 3 months.
no one here said it was uplisting, so there is no rumor, what DR was replying to was my comment about us being close to "QUALIFING" for uplisting and after the investor video, the stock lost momentum and closed below .01 to which resets the "QUALIFICATIONS" to uplist.
Reality is that as good as that video they made for the investors was (for longs since it cleared some question) It was bad for momentum. I still believe that what matters in the end will be litigation and increased revenue. But reality is that it destroyed the momentum the stock was having. In the long run it wont matter, but it does hurt in the short term since we were so close in number of days to get uplisted.
My opinion as to what was "negative" was the fact that he expressed that the 10-q was going to be in line with last quarter's 10-q. That 10-q showed a 200k revenue. The company market cap was at 27mil as of last night's close. To some people it is hard to justify the market cap based on current revenue. Now many of us are in here for the patent litigation (as I believe that is the key thing to fast growth for this company) so I am ok with the share price I payed and willing to wait on litigation and increased revenue at a slower pace then some "extreme" bullish people had, but others might not.
The Target by my house had 2 copies, Bought both :)
They own 6 patents and are working on getting 3 more patents. 3 of them they own which is being sold to CSI by 2020 (which they will still get revenues from after the sale) 3 others they own which are the ones they are on litigation against the 3 infringing companies. and they are working on 3 more patents. Do not mislead by only highlighting the info that can be misconstrued as negative and removing the info that is positive.
the Investor Q&A that the Strikeforce CEO did. It defunct many bearish sentiments (like the possibility of an R/S - CEO said no R/S in the near or long future) but also defunct some extremely bullish sentiment (such as that november 9th there will be resolution to the lawsuit case or and that the 10q was going to be a huge improvement from last 10q)
and we still closed nicely above the .01 which keeps us on track for uplisting!
I really like the level of transparency and the quickness of response from the CEO itself to clear Investor worries (specially related to R/S) wow I can't believe this is a penny stock company, It sure does not act like any one of those other penny stock companies (most of them are hidden or in shady setups).
Zpaul has answered my question about the extra 35mil shares:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125592194
This more than satisfies my question. I believe we all are going to make a lot of money investing in SFOR but sometimes questions will come up and discrepancies will appear for which we need to be cleared, and to me in this case it was cleared, Thanks again to ZPaul.
Thank you ZPaul, that answers my question about the increase of 35mil on the O/S. That is all I need it to see. That is pretty straight forward explanation from the CEO.
BTW I am very bullish about this company, but if question arise I will questioned it. It does not mean I am lying or being berish, I just want to know how solid my investment is. Go SFOR!
Sorry I cant do private replies,
I contacted the TA via http://www.otcmarkets.com/stock/SFOR/profile
World wide stocktransfer, on their webpage http://worldwidestocktransfer.com/
you can request O/S info under the request a quote. I hope that helps.
I have to disagree with you on that. Although I do believe the answer given (that some preferred shares have been converted) There has been some small dilution.
my first check from 9/29
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125466201
and my second check from today (10/24)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126014905
again, I don't think it is alarming, but lets not be completely blinded either. I do believe it wont matter as this stock is going to explode when the settlements come out. But it has had some small dillution (most likely preferred shares like it was mentioned)
Contacted the TA today
O/S is at 2,318,676,386
That is a 35mil O/S increase since may 2016 (per OTC site 2,282bil)
I am bullish about the stock but I do not like that there has been some small dilution. Why and who is diluting the stock?
We need to keep an eye on this. Don't be Blindly Bullish.
I agree, but I also wish we would stop creating these fictitious dates. Nowhere in any of the filings or pacer updates or anything states that the 24th to the 26th of October anything is supposed to happen. Yet I see many posts stating that those dates are "important" based on the dates to the MSFT settlement. 2 different cases. If we get any news great, but the 24th or 26th is not different than any other day prior to Novemebr 9th (that is the date where we will get some information related to the court case) The 27th might be a great day to buy, since so many are "expecting" news by the 26th even though nothing tells us we will. Go SFOR!
that is 4900%, unfortunately I didn't get in as low as most of the longs, yet still I am up 200% in a few months since I started investing in SFOR. But no worries, I will get to 4900%+ soon ;)
You are pulling something he said back in November 2015, so much has happen to the company since then. They could have easily changed strategies just based on the MSFT settlement result. I for one am glad he is not pursuing the TV deal, since I consider that the wrong direction for their product (I don't think the cost involved for that will bring in the returns wanted) I prefer that they concentrate on licensing agreements with big companies and enterprises while continue to push on the litigation side for the infringements. The fact that they went with the weekly 3 min videos on youtube to me is a good way to go about it, low cost and you can reach many people while educating them on the threats related to malware. So yes a company in transition (and lucky to us it is a transition for the better) will change strategies to make sure they are positioning themselves in the best way possible to be successful. But it does not matter to you since all your posts are about how everything they are doing is wrong or a scam.
If you read carefully you can see that 2 things happen during settlement: the licensing and the one time lump sum payment. I don't believe the lump sum was to cover the licensing but It was to cover the settlement of the lawsuit.