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scotlandrules

10/13/14 6:48 PM

#22102 RE: pensionrecovery #22101

But sfor isn't a real company....
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hiphop

10/13/14 6:54 PM

#22103 RE: pensionrecovery #22101

This is a 14 year old company, never made a profit, more than $12 million in preferred debt which keeps compounding due to non-payment of principal and interest. They have almost no revenue and they lose $300-$500k per quarter. Also there 3 executives control 80% of the voting shares no matter how many billion they issue so no real change can ever come to the company. I am not sure what projections you could look at that would be credible or believable. I am with IMjoe...where is this mobile software that was announced finished 2 years ago but has never been launched and where is all the revenue from the 6 million people who have downloaded the product? Just like the mobile software those users are likely imaginary.

settlements are a long shot, why would anyone settle with a company that is legally insolvent? They may get lucky and win, then the other side will appeal. There is no real likelihood they can win any lawsuit and then the appeals will take another 3-5 years. I do not see any scenario that works other than watching this board and looking for posters who show up and tout the stock, reference charts, etc. The SFOR CEO will then issue a Press Release about something and the stock will run for a few days and then crash lower. pretty risky figuring what the low really is and when the run will come. Once it got to .0001 last year it stayed there for 6 months, bounced a few times but always back to .0001 after a quarterly report came out and gave the real picture.