Here’s a post from “elsewhere”
Maybe it’ll stay up longer here:
I actually do know Mark. Well, that is to say that I know him about as well as anyone else who has spoken with him several times over the phone.
Want to know what I know of Mark?
My experience with Mark has me believing that he’ll feed shareholders suggestions and innuendos that have yet to see follow through or are able to hold up to any scrutiny. In fact, if you scrutinize anything he tells you directly with him during your phone call he becomes agitated and outright rude.
Example?
Sure;
Several months ago he and I spoke. He told me about both BIG and small deals. Not specifics, rather just that both types of deals were in the works. Mark Kay has gone further on Twitter to claim these deals are signed.
Months later when a 10Q came out, and then the 3rd Q financials came out, there was no hint of either deal type.
On another phone call, I was interested in operational cash levels. Appeared to me that SFOR, according to 10Q and 10K trends, were going to be out of money, if they weren’t already.
Mark told me “operating cash isn’t a concern. We have plenty”. He implied that deals were keeping cash in the bank.
When the next Q (Q2) came out, it turns out that they had in fact needed operating cash. The 10Q also showed that ZERO deals had supplied enough operating cash to continue so what Mark did was enter into potentially dilutive convertible debt during the quarter. Q3 has subsequently been delivered and AGAIN, there is no indication of revenue from cash flow. SFOR’s cash on hand is the balance left over from their Lawsuit Fund loan.
I discovered that when I’d call Mark and contrast his statements to me to actual events he’d become agitated and rude.
So that’s what I know of Mark.
What else am I supposed to know?
As part of my DD prior to buying my first shares of SFOR in early 2016 and ever since, I’ve discovered that Mark, on a regular basis, issues press releases that haven’t materialized into facts of revenue in 10Q’s or 10K’s. I’ve also seen, read, or heard of Mark Kay telling shareholders different things that simply haven’t been true. In essence, I believe he’s mislead shareholders both intentionally and as unintentional misspeak.
So? I don’t personally like Mark. I do not believe he is a shareholders CEO. I believe he is a preferred stockholders CEO. I like SFOR’s products. I love trading SFOR’s stock.
Who can change this opinion?
Mark can. He can become more transparent and actually back up what he says with results.
Remember, it was Mark Kay who in April of 2017 (and since) who has been quoted as saying that 2017 will be the year for “meaningful revenues”. It was Mark Kay who is quoted throughout the year saying “There are big deals and contracts, we are working on them”.
Go check Mark Kays Twitter feeds where he tells investors MONTHS AGO that SFOR is on track with previous projections for the year.
Well?
Where are they Mark?
I’m currently long SFOR’s stock. That means I’m bullish. I bought back in about a week ago in the $0.009’s. I didn’t buy back in because Mark has changed my opinion of his SFOR stewardship. I bought back in for two reasons:
1.) I believe the stock is priced at pre-catalyst prices
2.) who knows? Maybe just one time, while I own the stock, Mark Kay will adjust my elevate my opinion of him with follow through and execution.
One thing EVERYONE investing in, or trading SFOR stock needs to keep in mind is this:
With Mark Kay, for the last several years, he always says it’s “next quarter” or “the second half” or “next year” will be exciting for SFOR’s shareholders.
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