x min read

Here's What's In The Latest Strikeforce Technologies Inc (OTCMKTS:SFOR) Announcement

Here's What's In The Latest Strikeforce Technologies Inc (OTCMKTS:SFOR) Announcement
Written by
Chris Sandburg
Published on
April 12, 2017
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

Readers that have been with us for a while will know we've been behind Strikeforce Technologies Inc (OTCMKTS:SFOR) for some time now. When we first took an in depth look at the company here, back in mid July 2016, it was trading for double zeroes at a little over $0.002.At last close (April 11, 2017), Strikeforce shares went for $0.03. That's a 1400% run.There have been a number of major developments over the last twelve months or so that have contributed to this run, and we've tried to interpret the impact of each as and when they've hit press. We've just seen a fresh development, and to remain in line with our ongoing coverage, here's a look at what Strikeforce just told markets, and what it means going forward.Readers looking for a comprehensive catch up can head over to our SFOR Market Scan and run through our coverage of the catalysts that have brought the stock to trade at its current market capitalization. For those not wanting to click away from here, we'll start with a bit of background.This one's a cyber security play that's spent the last twelve months aggressively pursing two distinct operational strategies.The first is a retail strategy. Strikeforce has a suite of cyber security products, each of which target a different aspect of the online security space across a spectrum of devices (mobile, laptop, desktop) and each of which boasts features that sets it apart from existing options in the sector. We're not going to go into too much detail here about the products (as mentioned, there's plenty of information available in our previous coverage), but suffice to say there are three primary assets: ProtectID, GuardedID and MobileTrust. The first is a two factor authentication technology (we're going to touch on this again shortly) and the latter two are designed to protect against a range of cyber security threats – keylogging, clickjacking etc. – for both desktop and mobile devices respectively.So, the latest announcement relates to the launch of these latter two security suites on HSN, scheduled for a couple of days from now. On April 15, HSN will feature the products on its show, and this broadcast has the potential to serve up a nice bump in revenues for the products (as well as raise awareness as to their existence and necessity justification) for the company near term.In the grand scheme of things, it's a minor announcement, but it marks the latest in what has been a real push from the company to get these products in to the hands of customers, and a continued focus on said push is important in our eyes so as Strikeforce can maintain topline growth, and in turn, attract the speculative volume that the reporting of said topline growth brings.The second operational focus is rooted in litigation. The above mentioned ProtectID is a patented system, and one that now underpins (in concept, at least) a huge number of login and registration systems across all areas of online commerce and finance. Strikeforce claims it belongs to them, and if it does, all of these systems will end up having to pay the company royalties and/or compensatory lump sums for the privilege of continued use. People might laugh at this suggestion (as it has far reaching implications in the tech space) but shareholders will point to a settlement with Microsoft Corporation (NASDAQ:MSFT) that now serves as precedence and proof of validity in a host of ongoing lawsuits, as part of which Strikeforce claims the defendants are infringing on its patented system.The bigger picture here, then, is that the company has an ongoing retail push that's bringing in dollars from the front line sales of its security suite, and that should support organic growth, but at the same time, it's got the potential for capital windfalls from the ongoing litigation.That's not a bad position to be in.Sure, there's risk, and there's always the potential for dilution at the market – especially when a company is trying to execute on an aggressive retail strategy. That said, the potential for upside if the strategy pays off, and if the litigation comes in as successful, should negate the impact any potential equity issue long term.We will be updating our subscribers as soon as we know more. For the latest updates on SFOR, sign up below!Disclosure: We have no position in SFOR and have not been compensated for this article.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.