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Thursday, October 21, 2021

Swift Run on SafeVchat; Strikeforce Technologies Inc(OTCMKTS:SFOR)

Strikeforce Technologies Inc(OTCMKTS:SFOR) is making a powerful run up the charts looking to take out $0.21 previous highs in December 2020 after the Company announced the launch and live date for its SafeVchat secure video conferencing platform. 

The Company is headed by CEO Mark Kay a former JPM hot shot who sued Microsoft and won stating: “We will be launching the industry’s most secure video conferencing platform, the video conferencing industry is now forecasted to hit $50+ billion by the end of 2025 (according to Global Market Insights), and Continuation Capital is funding us with others approximately up to $2,500,000 for product marketing for SafeVchat and to retire convertible debt.” Management has been hard at work behind the scenes recently negotiating with the convertible debt holders from owing over $641,000 in 2020, which would have equaled millions of additional shares, to now owing only $45,000.  

Strikeforce Technologies Inc(OTCMKTS:SFOR)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. StrikeForce Technologies, Inc. (OTC PINK StrikeForce:SFOR) is headquartered in Edison, N.J. 

SFOR took off last year when the Company reported its SafeVchat secure video conferencing platform goes live on December 18, 2020, and the Company has distribution partners in six countries already setup. In addition, the Company will direct funding to expand a production environment to include a number of Fortune 500 companies, which have been inquiring with Strikeforce’s resellers worldwide. 

Management has been hard at work behind the scenes recently negotiating with the convertible debt holders from owing over $641,000 in 2020, which would have equaled millions of additional shares, to now owing only $45,000. The Companyis very optimistic about its rollout of SafeVchat™ and PrivacyLoK™, its other revenue generating opportunities and its commitment to increase shareholder value, especially with some former Zoom and Microsoft Teams users already switching to paid SafeVchat Premium accounts already.” 

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SFOR

Last week Strikeforce reported it has completed its Reg A Tier II funding round, and in doing so only needed to sell 757,000,000 shares vs. 800,000,000 originally planned for, that’s 43,000,000 less shares in the market.   

Mark Kay stated: “The StrikeForce Management team would like to thank everyone that participated in purchasing shares of the Reg A. StrikeForce raised a total of $2.5M, monies which will be used for the marketing of StrikeForce’s two new products, SafeVchat™ and PrivacyLoK™, as well as paying off the variable convertible debt of about $900k plus interest and fees. This leaves only about $45k left of convertible debt, which isn’t selling or converting at this time. Most of the common stock was sold leaving very little to dilution,” says Kay. “StrikeForce also paid off all of its loans taken throughout the past year. This was a major accomplishment of what StrikeForce was working towards. StrikeForce is now in the process of also applying for the OTCQB, and hopefully sometime this year uplifting to the NASDAQ, or, the like. This is something that we have been planning for quite a while now, and giving our new game-changing products we have very high expectations for this year. We thank you all for your belief in our products, which is finally coming together, especially with our new SafeVchat and PrivacyLoK products. We also expect to clean up our note debt and strengthen the company going forward. We are definitely off to a great start, with special thanks to our partner Continuation Capital.” 

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SFOR is making a powerful run up the charts looking to take out $0.21 previous highs in December 2020 after the Company announced the launch and live date for its SafeVchat secure video conferencing platform.  The Company is headed by CEO Mark Kay a former JPM hot shot who sued Microsoft and won stating: “We will be launching the industry’s most secure video conferencing platform, the video conferencing industry is now forecasted to hit $50+ billion by the end of 2025 (according to Global Market Insights), and Continuation Capital is funding us with others approximately up to $2,500,000 for product marketing for SafeVchat and to retire convertible debt.” Management has been hard at work behind the scenes recently negotiating with the convertible debt holders from owing over $641,000 in 2020, which would have equaled millions of additional shares, to now owing only $45,000.   We will be updating on SFOR when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SFOR.

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Disclosure: we hold no position in SFOR either long or short and we have not been compensated for this article

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