InvestorsHub Logo
icon url

carusso

09/16/17 8:32 PM

#180998 RE: multivalue #180997

They plan in paying everyone?
Bravo!!!
Thanks for this info, multivalue!
icon url

Hi_Lo

09/17/17 8:39 AM

#181011 RE: multivalue #180997

Thanks. It might also explains why SFOR's revenue started to go down the last two quarters:

http://www.greenvilleonline.com/story/money/business/2017/09/14/wynit-files-ch-11-bankruptcy-owes-least-106-million/666030001/

"This is Wynit's first bankruptcy. It is a Chapter 11 filing, which generally means the company plans to reorganize and pay creditors over time."

"MacVicar said Wynit had gotten further and further behind recently on payments to her company, so the distribution company’s closure did not come as a surprise. She said her company had been trying to meet with Wynit officials to sort out the distribution company’s past-due bills."

So it wasn't that nobody wanted SFOR's products like so many posted here over the last two quarters.

To me the HSN exposure plus learning about Wynit falling behind paying SFOR is worth the $72K.

There is demand for SFOR retail. They just never got paid.

Anyway, large contracts and lawsuit settlements are going to be the large revenue generators for SFOR.