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I wouldn't be so naive to say they don't know how to execute. Frankly, I think their shareholders are currently one of their last priorities. This assertion comes from the lack of transparency and silence. This has been the case for a while, and frankly I am happy taking the back seat and being quiet. The writing is on the wall, I don't need a biweekly update to remind me that patience pays.
This is not a very large company, and they are in the middle of doing business with some of the largest company's (in terms of market cap) in the country. Why should management be focusing on building a PR team to send us letters? I'd prefer they keep doing what they have been doing if it means getting more deals with big names.
If you have any issues holding this thing for a while, or if you are looking for a stock that is a quick flip, owning stock in this company is simply not for you.
Many of us would love for more hands to fold so we can keep averaging down, but we would love even more for this community to understand the patience needed to see a company move from the OTC to the Big Boards.
No disrespect intended, just being frank.
FYI first time i bought this stock was in 2019 at .32, I maanaged to average down to .08 over the course of 2 years... Once you lose your patience, you lose your equity.
It is worth noting these previous runs were on 0 news. Something significant is happening behind the curtains and I want to be holding when it is revealed.
welp... waving goodbye to all the newbies who hopped on and hopped off... Easy come easy go.
Bummed for all the impatient holders who dont understand how much patience pays. Today's volume tells me this is not a significant dump, likely just scared retail who bought a penny stock they saw on reddit and it didn't moon the next day so they will take their L's.
I will consider adding here.
Next spike in volume will be fun.
Love these stupid low volume sell offs, they always follow social media hype! For any new members, just remember every run in the past month has come at the beginning of the week and was immediately followed by low volume sell offs, only to jump back up the following week. Let the flippers flip their shares and free up more room for more serious holders.
FWIW I've only made money off this stock by averaging down.
Lollll I miss the guy.
Wow looking back at my previous orders on this stock.... It feels so incredible to have bought this thing at .32 cents 2 years ago and to have held on to it and averaged down a ton...
This was my first long term investment, where I (with the help of all of you) did some thorough DD and held through some shitty price action. This lesson has already helped me in various other positions and is a priceless lesson IMO.
I believed in this company at .30 2 years ago, and I believed in them even more at .05. Haven't sold a single share, and I likely will not until Dollar Land.
Here we come! Lets break that bogus .35 wall.
Also remember when you all thought I was a secret basher lmao?? good times
I don't even think this is the attention that SSFT deserves... cant seem to find any other groups or forums where SSFT is trending or getting a lot of attention.
My hunch is that the price action for the past couple weeks was the doing of a few people or companies perhaps. Seems like the majority of the movement and volume has taken place in fat chunks at the open from yesterday, today, and earlier last week.
Nothing feels better than the silence from those two douchers Shan and Deer
cheers lads
Going back to my old question, is there a way to know if the company is buying back shares?
I hope they are buying back in order to roll a bunch of the shares back up.
Thatd be an easy way to get this thing trading in $ range.
if only someone could wipe out that 500K CSTI... who knows where this woulda went without all the funny business
I also can't get over the fact that there was more volume on Monday than there was when SSFT announced the FIS agreement. That cant be overlooked, somebody with $ knows something.
I also have a question, I've only been following markets for 2 years now, can somebody explain to me the process for a company to buy back shares? Would they place orders that would show on the L2 just like any other trade? Or is their some sort of disclosure that needs to be filed?
Any info would be much appreciated. Thanks Lads
Yes I think about that ticker often, luckily I managed to get in ALPP at .4 ... I missed the ground floor unfortunately but better late than never. SSFT though, we are still on the ground floor, so much potential for upside. This one will be a life changer.
GWSO - Same thing. Lucky enough to get in GWSO @ .20. If you find a company that is doing real work, making real revs, and aiming to uplist I feel like the risk / reward is unbelievably worth it.
anyone hear from shajan or deerballs lately?? they seem a bit quiet lolol
Man I love this stock. Loved it at .20 loved it at .10 and boy was .05 a f*cking gift.... People look at the dilution negatively because it affects the PPS... I look at it as the company using their securities to fund their operation through disastrous economic times... Sure its a bummer to have gotten in before the dilution, but thats only a problem in the short term. Everyone here seems to be in this one for the long run and with the Increased revs, 8-Ks with FIS & GOOG, and new CFO this one seems like a no brainer!!!
The last time the company had this many shares outstanding, they rolled up 50% of them. If you're not following the volume on this ticker your head is in the sand.
Also, has anyone heard from Deerballs or Shajan recently lolll
Any explanation for the price action today??? I got my fives was hoping to get more lol but its also nice to see a little green finally.
did anyone get to watch the L2 today? Anything interesting going on?
Are you saying the CEO is responsible for making these $100< 1-2K share trades?
Not denying anything as obviously no one can prove that but that seems incredibly petty and unlikely... We are not going to see any new buying momentum here until new fins, 8ks, or pr.
It was nice to see that 850K wall get ate up that was a really good sign imo...however, whoever bought those shares could be trying to play the same game!
I think we were all optimistic that this would start trending up but it seems like the same game is being played but on a smaller scale with 80-100K walls being propped up. That is still progress IMO.
I am yet to see any info that changes my opinion on the direction or fundamentals of SSFT. The price action here is definitely shitty but it'd be a stretch to say the company is shitty as well....
As for PPS its pretty clear the company is not checking the PPS as often as we are lol. The silence here is not clearly negative or positive as they could be restricted in publicizing any details of their work with FIS / GOOG.
In regards to a buyout the value of the company would scale exponentially as they increase their revenues and exposure in the AI space, so why would they be so quick to sell a company they have built over 10+years as soon as they have begun gaining traction with such huge names?
In my humble opinion nothing here has changed but the PPS (unfortunately) I still believe that the company is genuine in their ambitions to up list to a more senior exchange, and I believe the next pack of PR / 8Ks / Fins will either confirm or deny the thesis. Risk to Reward here is too appealing not to play.
This will continue to be the most interesting ticker on my watchlist. For now ill be holding & accumulating at these levels.
fwiw last time they had this many shares out they did a 50% rollup.
would be interested to see if they repeat that some time soon.
https://braveit.tierpoint.com/agenda-activities/
Ankur Garg Chief of AI discussing the future of AI alongside the SVP of Identity solutions at Mastercard (MA) and the Lead Counsel of Accenture (ACN).
Q3 gonna be wild. FIS and GOOG revenue should start showin up... as well as any other PR / 8Ks that could come out.
https://matrixpartners.com/team/scott-khanna/
Mike Khanna the CEO's relative I am presuming... found him on his linked in. works as an Executive Search Recruiter for what looks like a pretty legit VC firm.
Interesting, can't tell if its a positive or negative if SSFT does not show up as one of their investments.
Does anyone have any insight or input as to why Deerballs' "the common in convertable preferred" is not a legitimate concern?
Also if there are 460M shares currently out, and there are 335M shares pending preferred to common conversion would this not surpass the 700M authorized shares? Not totally sure how this stuff works.
Any insight would be much appreciated
https://backend.otcmarkets.com/otcapi/company/financial-report/255109/content
Q2 Filings due 8/31, could they reflect any income from GOOG or FIS contract? I know the 8-ks were published in june and may respectively, I wonder if any of that revenue will be included within this filing.
What do you guys think?
I have no predictions for this stock. Only patience, few tickers on the OTC with DD that screams legit. My office is right by these guys and they are the real deal. Class A office space right besides Paypal and other huge corps.
All I know is that this thing hit .50 with little catalyst or news... Granted the O/S has increased significantly, but then again so has Sonasoft's client base (GOOG and FIS), as well as their yearly revenue.
This one is not for weak hands!
The fact that no small stakeholders were invited to the investors conference was definitely a bummer, but it tells me that they are not concerned with average OTC investors or flippers who are all nearsighted... This thing is screaming dollars now or later. Can't wait to see the financials that include Google and Fidelity, gonna make 2019's 13M look like rabbit food.
Also worth noting, in order for SSFT to uplist to NYSE or NASDAQ the stock price needs to remain stable above at least $1.00. They will roll up shares eventually to ensure the stocks stability.
Would be happy to hear some opinions on this theory.
thanks,
Not sure why people are here every day commenting on this minute to minute. Doesn’t seem like the company cares much for their PPS otherwise they’d be pumping out PR left and right. I like that they move in silence, and I like the opportunity to take advantage of weak hands that are selling. This thing could drop to .05 and while I would love for my shares to increase in value, i’d gladly scoop up anything between .11-.01. This company is poised for long term success and growth, even if the GOOG deal isn’t worth anything (which is highly unlikely).
Keep sending the PPS down smart money will welcome your shares with open arms.
Last time the float was in this range they rolled up almost half of the float. Not far fetched to assume something similar could happen again.
just my opinion.
What do you mean by trouble?
Pure speculation: I think this bleeding is healthy, company is dumping shares onto the market to fund their expansion and unfortunately this is bringing down PPS... I think we see this touch .12's maybe even .10's and I speculate before the next move that company will buy back shares FAST and roll-up more common into preferred like they did previously.
Doesn't seem far fetched at all based on their previous actions / strategy.
Any thoughts?
LOL CDEL is the biggest POS MM. the more walls they throw up , the more I know we are in the right place.
cheers
no worries here. buying all these dips thanks for the 12s! Market cap is barley 2x yearly revenue. no brainer
knowing how fast this thing has moved in the past... I would NOT want to be caught without shares when the news hits.
I'd guess they would be somewhere near the average of the past 3 Qs somewhere between 3.5M-4M assuming that the shelter in place orders did not affect their Q4 business. SIP orders were put into place in San Jose on 3/16/2020. 3.5-4 Would be my estimated minimum.
Can someone briefly explain to me the significance of the # of stock being "Held at DTC"
This is a new term to me i've read briefly but it seems like it is mainly a a tool for stocks listed on the NYSE would appreciate any simple explanations
Was the "Held at DTC" info always listed here? I am just noticing it now.
https://www.otcmarkets.com/stock/SSFT/security
When did this partnership begin??
Was it $1.3M in savings per quarter or year?
The fact that the 8K with FIS didn't take us too far past the random little rally we had on 4/8/2020 which took us to .14 makes me believe the 8K has BARLEY been factored in the current PPS.
cant wait to see the chase should be epic
No Worries,
Just buying more at these levels with even more confidence than before.
No complaints over here.
Just A Matter of time.
Cheers,
Well, they added 33M from Q2 to Q3. So it does not seem abnormal.
Being relatively new to the market, if someone could share with me any info on the mechanism or process of share authorization it would be much appreciated. Do these shares go straight to MM's? Are they sold at the current stock price? etc
Where did you see this information?
Damn, Wish I coulda scooped those tens up...
Where did you find the 5/15/20 posting date??
thanks in advance,
Has anybody done DD on the share structure? I have done a bit but seem to get conflicting info from different sources...
IF anyone has made a summary or outline of share structure and any info on what they believe the float on this ticker is, it would be awesome to have it shared with us!
One of the most appealing factors of this company to me is the fact that they have been paying employees and acquiring real business in shares... If that doesn't illustrate the potential that these professionals and corporations see in SSFT, I don't know what would!