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Friday, May 31, 2019 9:39:09 AM
I traded SFOR at higher prices AND also much lower prices.
If you read my history, you’ll see I had a coat average of $0.0011 before the run to $0.0195.
I’ve absolutely traded SFOR multiple times.
I became super cautious after a few direct (him and me) phone calls where he mentioned corporate finance issues and then a 10Q came out and I saw some dilutive convertible notes.
I don’t think you’re qualified to say you have a higher risk tolerance than me.
I’m not qualified to say you have a higher or lower risk tolerance than me but I know you’re not qualified to say mine is less than yours.
Here:
I am a millionaire investor. I don’t play with all of my millions. I am 47. I own everything in my driveway and at the dock (slip). When I say I own it all, I mean I have no notes against anything.
There...
That’s (in a nutshell) my risk tolerance.
Now if you want to talk “stupidity tolerance) then let’s talk.
SFOR has notes against SFOR.
In other words, Mark Kay is writing checks that would bounce if it weren’t for the equity he has in common shareholders shares.
Those checks make SFOR stock less valuable BECAUSE those checks come with discounts upon cashing to today’s price of 60%.
So no matter what today’s closing price is, an entity can cash Mark Kay’s checks (that he wrote off shareholder equity) with a 60% discount to today’s close.
Agree?
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