SFOR stock was the top gainer on the OTC Markets on October 27th after registering 248% in gains. This comes after the company announced that management paid off past due individual and professional service invoices and 5,500,000 common shares were returned to the treasury. This is huge news as SFOR stock has dropped from $.30 to under $.01 in just five months because of endless dilution.
Now that the company has signaled that it has come up with more attractive financing, we can see SFOR stock run. In this article, we take a look at SFOR stock and make the bull case why there’s more room to run.
First up, here’s a little background info for anyone not familiar with SFOR stock. StrikeForce Technologies helps to prevent Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication and keystroke encryption along with mobile solutions.
Completed 3a10 With Continuation Capital
With the completion of the 3a10 with Continuation Capital, management paid off past due individual and professional service invoices. The Company will no longer use section 3A10 going forward. Mark Kay CEO Strikeforce Technologies, Inc. said:
“As we move forward with a dramatically improved balance sheet and the elimination of some of the dilutive toxic debt, the Company is in a much stronger financial position to obtain growth capital with less dilutive measures. With that in mind, the Company is in the process of a 1-A offering filed with the SEC, which provides the Company with less dilutive fixed priced share offerings.”
New Investment Banker
To assist the company in raising new capital and restructuring its balance sheet, SFOR stock has hired a New York-based specialty boutique investment bank, Spencer Clarke LLC, to provide corporate finance services. Spencer Clarke LLC will help SFOR stock with strategic investors to implement a powerful corporate finance plan to enhance shareholder value.
A Play On ZOOM and Work-From-Home
Many are not aware of Strikeforce’s SafeVchat and PrivacyLok. SafeVchat is the industry’s most secure video conferencing platform which includes five-levels of meeting security. PrivacyLok protects Windows desktop computers from spyware that’s designed to steal confidential & corporate data.
Not only will PrivacyLok protect you while using StrikeForce’s SafeVchat, but it will also protect you when using any other video conferencing system, i.e. Zoom, Webex, LogMeIn, MS Teams, BlueJeans, and others. Mark L. Kay, CEO of StrikeForce, said:
“We designed PrivacyLok for a global audience. Consumers, corporations & Government agencies all need our software. Hackers have a global reach and they are gunning for all of us, if you have a Windows computer, hackers have a target on your back. They have an abundance of tricks to choose from to exploit your computer and steal personal, corporate, & financial data. PrivacyLok was designed to lock-down things like your camera, microphone & audio speakers because hackers are now targeting the increased usage of video conferencing due to the Covid-19 pandemic.”
SFOR Stock Bottom Line
The 5.5 million shares returned to the treasury represented 4.2% of all outstanding shares. This is a big reduction in the outstanding share count and gives investors confidence to jump back in. With a market cap now of $1.6 million, SFOR stock is sitting on valuable IP and its new PrivacyLok and SafeVchat are starting to get buzz in the marketplace.
CEO Mark Kay was formerly an investment banker with JP Morgan. His goal has always been to uplist SFOR stock to NASDAQ or NYSE. Now that he has cleaned up the toxic debt, 2021 looks to the be year he will accomplish his goals.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in OTCMKTS:SFOR or any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.