Revenues and debt. There is no doubt that revenues

Revenues and debt. There is no doubt that revenues have jumped up significantly in 2019 and CEO guidance from September 2019 indicates that revenues may get to around 1 million for 2019. That would be 5X last year.

There has been dilution through convertible notes so I looked at the financial reports over many years and gained some perspective. There are four groupings or categories of convertible notes including those to related parties. Three of those categories have had no change in the principal over many years which I take to mean that there have been no conversions in those categories. The only category where the principal is changing over the years had 803k in principal on the last Q2 statement. It looks to me that those notes may also have 28k in accrued interest. This is a smaller amount of convertible notes than some people may be thinking is in flux. There are no guarantees that things would remain the same.

In my opinion, now that revenues have significantly changed, I think it is much more likely that additional deals go live this year. I think these things may impact the strategy of the noteholders when they see news, and/or SFOR may start to receive sufficient revenues to begin to retire those notes that have been fluctuating.

There are no guarantees. I have continued to add.

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