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Thursday, June 11, 2020 2:16:15 PM
I am cracking up at the other place. Got peeps over there saying they’ve bought 100 million shares at $0.0003/$0.0004.
That means they’ve spent between $30,000.00 and $40,000.00 on this POS.
They’re claiming that they’re buying ahead of the reverse split for good news after.
So?
When SFOR does a R/S of 500:1 at $0.0003 the stock will have a face value of $0.15. If SFOR posts good news and the stock doubles from there it’ll be at $0.30. That’s a pre-R/S value of $0.0006.
Now if SFOR continues to issue shares and dilute itself because it’s still got no material revenue and drops to $0.0075 then that’s a pre-R/S value of $0.00015.
In the history of SFOR and their previous 4 reverse splits which way has the stock gone?
It’s gone down. Why? Because in over 20 years of business they’ve never ever ever had a profitable quarter based on earnings.
These folks claiming to have been buying and buying hundreds of millions of shares are about to see what $0.0000 in pre reverse split feels like.
Kudos to them for sticking with their dumb ideas and their dumb “football trading card” leadership.
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