StrikeForce Technologies, Inc. is a software development and services company. The Company offers a suite of integrated computer network security products using technology. The Company's suite of products is targeted to the financial, e-commerce, corporate, government, healthcare, legal, insurance, technology and retail sectors. The Company developed identification protection software products to protect computer networks from unauthorized access and to protect network owners and users from identity theft. The Company's products include: ProtectID, GuardedID, CryptoColor technology and MobileTrust. The Company's products sometimes include software and hardware that the Company contractually license from other vendors. These products include VASCO (an authentication and e-signature solutions company) tokens, as well as additional authentication and telecommunication software devices.
If you guys recall, there was a pump job in April that failed miserably, I guess this time it caught a good bid.
also won a 30M lawsuit against Microsoft - they have some great patents. No PT yet, just riding my 50% gain
Write up released from a site called OracleDispatch.com last night. I cant find a disclaimer to see if they were compensated or not, but lets assume yes. Strikeforce Technologies Inc (OTCMKTS:SFOR) is a stock that has truly been on a roll. Some might say, “why is this stock still trading near a penny?” given some of its powerful positives, but one must maintain a little perspective here. Keep in mind: this stock was trading below a tenth of a penny for most of this calendar year. Recent action has been a mania of gains. The move is even more remarkable when one understands the share creation that has gone on in this stock. As we noted in our last update, vestiges of a prior bid/ask spread now appear $10k wide on the chart if you scroll back a couple years. All told, the float is now reported in the billions. The CEO is a former JPM hot shot, and financial engineering is likely in the veins of SFOR through and through. That said, the stock is also rising because the Company shows real promise. As a spec ticket, you could do far worse. Strikeforce Technologies Inc (OTCMKTS:SFOR) trumpets itself as a software development and services company in the United States and internationally. The company owns the right to develop and license various identification protection software products to protect computer networks from unauthorized access, and to protect network owners and users from identity theft. Its cyber security products include ProtectID, an authentication platform to authenticate computer network users by various methods, including traditional passwords combined with a telephone, iPhone, Droid, Blackberry, PDA, or multiple computer secure sessions, biometric identification, and encrypted devices; and GuardedID that prevents the use of spyware/malware to collect user information. The company’s cyber security products also comprise MobileTrust, an iPhone/iPad and Android device password vault that includes a password generator, as well as provides for Mobile Multi-Factor One Time Password authentication; and GuardedID mobile software development kit. In addition, it provides software and hardware that are contractually licensed from other vendors, which include VASCO tokens, as well as additional authentication and telecommunication software devices. The company was formerly known as StrikeForce Technical Services Corporation and changed its name to StrikeForce Technologies, Inc. in September 2004. StrikeForce Technologies, Inc. was founded in 2001 and is based in Edison, New Jersey. If the new war of industry is being waged in cybersecurity terms, then SFOR has the potential to become one of its generals. “We are extremely excited about the timing of this MobileTrust® release,” said Mark L. Kay, CEO of StrikeForce. According to a recent Arxan Technologies report on the top 100 paid apps, 97% of the top paid Android apps and 87% of top paid Apple apps have already been hacked. “When users install apps from untrusted sources, or connect to unsecured networks, they make their mobile devices vulnerable to mobile malware, including mobile keyloggers,” said Kay. According to the Company, MobileTrust® v3 eliminates the risk associated with keyloggers. Most importantly, we got new financial results on the heels of that release. “Revenues for the six months ended June 30, 2016 were at $209,599 compared to $144,737 for the six months ended June 30, 2015, an increase of $50,814 or 66.8%, primarily due to the increase in GuardedID® keystroke encryption and MobileTrust® sales ,” says Mark Kay, CEO. “StrikeForce continues its Out-of-Band Patent litigation against the three companies and anticipates a successful effort, while recognizing the costly and unpredictable nature of litigation,” continues Kay. “StrikeForce remains very positive in regard to our developing recurring gross revenue opportunities, with all of our deals now in play. In addition we are especially enthusiastic with the early strong interest in our new mobile products.” Currently trading at a market capitalization of $29M, SFOR has a decent store ($1.67M) of cash on the books, in a pool of total assets a bit over $1.8M, which must be weighed relative to an appreciable load ($4.67M) of total accumulated debt. The stock exploded out of sub-penny land on a mountain of speculative fever and some promising trends on both the macro and company front. The litigation play is big part of this pie, but so its relative position in an expanding industry space. In our last update, we noted this one was a rising force, but suggested the prior bouts of dilution would express a ceiling on share gain potential unless some steps were taken by executive management to adjust away from that ceiling. Kay might be just the guy for that job. We’ll keep you updated.
We need to be very clear about stocks like this. Im looking at another board and its disgusting to see veteran members there telling all the newbs how amazing the stock is and they should buy all they can. These small caps are highly speculative, be aware of the risks involved!
If only those poor souls knew about Stockaholics -- where that kind of nonsense does not fly here. If anyone from iHub is lurking you guys seriously don't know what you're missing here..............
There is nothing wrong with being bullish, but every veteran trader out there knows that majority of penny stocks fail. You can be bullish, but with caution and a trade plan. As long as you stick to a plan and protect your downside, you can survive the volatility.
Hate it when I can't even pull these up on stockcharts. I use bigcharts as a back up but once I see stockcharts won't load the penny stock I usually just move on.
Im actually reaching out to SFOR this week to see if they are interested in doing an interview. This will be a good way to cut through the hype and get info directly from the source.
