Wait...
So it is being suggested that the CEO of a fully reporting/SEC compliant company is withholding "great news" from shareholders?
It's meant to say that some investors here actually believe that he's sitting on info to "perfectly time" the release of news with other news so that the shares explode higher?
THE REASON so many new and inexperienced traders lose so often is because:
1.) They don't understand what is going on
2.) They "learned" what is going on from someone who did not know what was going on and took it as gospel.
Investors here literally...I mean seriously, are just making up their own rules? SEC rules?!
Inexperienced traders do a few things:
1.) They mistake a smooth talker as a investment pro.
2.) They don't actually seek formal education. They think google, investopedia, and message boards or social media trumps actual experience.
3.) They lash out at anyone who questions the gospel.
4.) They hold far after they should have just sold. (For fun... do this:
Run to the bank. Drain your bank account...or a couple of thousand dollars at least...get it all in $20 dollar bills. Keep all of the cash loose in your lap. Head to the open freeway nearest you. Once at highway speed...roll down all your windows and keep your hands off the cash. Watch as the wind grabs each of the bills and floats them aloft. Watch, and keep driving with the windows down, as each of the bills begin zipping out the window.
Get the point? That'd be stupid right?! The sooner you "learn what is happening" the sooner you roll the windows back up.
Seems as if some would rather just keep blaming the wind as each $20 disappears into the rear view mirror.)
Anyway...
I'm not trying to scare anyone. I'm not trying to get you to sell. You do you!
But here's some DD on Mark Kay and whether or not there are secret deals that are keeping the lights on and paying the bills that some here believe are happening. Some believe that they've happened. They've somehow changed "the financial condition" of SFOR and he's just waiting for the right time to release the info:
(A few hints... The rule allows for UP TO 4 days. It is TWO DAYS unless a 12b is filed requesting the additional two days.
"Changes the financial condition"
The 1934 securities exchange act was amended in 2004 regarding disclosure. Specifically, it was expanded to include a number of Material Definitive Agreements (8k filings).
Of course there is always Sarbanese/ Oxley which in my opinion is a far easier read.
These rules exist SPECIFICALLY so that CEO's can't:
1.) Bury bad news in a pile of worthless rose pedal crap.
2.) withhold anything which "a reasonable investor" would claim to change the totality of their investment ideology regarding the security.
3.)Withhold material information between periodicals due dates.
But some will just keep hating.. and keep losing...and blaming me.
For the record: I would really love to see SFOR succeed and watch SFOR reward shareholders with steadily climbing share-prices. I've endorsed Mark Kay publicly and in boards like these. Yes! I can be critical. When a company or stock is underperforming, just like a losing football team: only cheerleaders cheer no matter what.
