Dragni Dragnev

Strikeforce Technologies Inc. (OTCMKTS:SFOR)'s 10-K Is Finally Out

by Dragni Dragnev April 15, 2016

Strikeforce Technologies Inc. (OTCMKTS:SFOR, SFOR message board)'s much anticipated 10-K finally hit the web yesterday, and with its filing the ticker promptly plummeted below the triple zero mark.

And there was a good reason for that fall. Remember how in previous articles we discussed that, judging by its recent trading volumes and the the rate at which SFOR issues stock, it is not very likely that it has just 200 million shares outstanding anymore? Well, it turns out that we were right. Heart wrenchingly so, in fact, as it turned out, because less than a week ago, SFOR had 2.1 BILLION shares outstanding. That's BILLION, with a B. And to think that less than half a year ago, it had just 10 MILLION. That state of developments is so shocking and sad that it's almost comical.

But you know what's even more sad? The rest of the company's financial report. It goes on something like this:

Cash - $37 thousand
Total current assets - $60 thousand
Total current liabilities – $13.5 MILLION
Convertible notes payable - $ 2.2 MILLION
Revenue - $271 thousand
Net loss - $1.8 million

What more needs to be said, after all these numbers? They speak loud enough in and of themselves – and they're not even the only red flags that the 10-K has to offer.

Under the circumstances, it is something of a wonder that SFOR has not crashed further into triple zero territory yet – but as it is, the possibility remains open and is looking more and more likely by the minute.

 

 

 

 

 

Comments 1

1. Guest
April 17, 2016, 01:04PM

Quotes SFOR strikes again but hey, the filings can't be correct because I heard on IHUB these guys are going to put MSFT out of business.... right??? LOL!!!

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