I took a look at it tonight. Looking to raise about $3.6 million net. It is unclear what the offering price will be as it does not look like it is determined yet, at least not to the public. I found it interesting that $2.4 million of the proceeds as it says, will be used to pursue a new business line including direct marketing. This would include direct selling by telephone and or online.
$1 million will need to be spent about to exit its IP defense strategy over the next 18-24 months. It essentially said the cost since 2013 to them has been too much to take on. It looks to me like they are paying all of the attorney fees upfront. The $2.4 million use is intriguing to me and if there is a correlation to SFOR inherent in it - that might be where it is. But it’s unclear still as there is not enough there to know that for sure.
Direct selling, or through Chan’s network for EndpointLock is definitely a place to focus on. With one of their subsidiaries named as participants in the business line being related to blockchain and with it pursuing security token exchanges and similar business lines (for market entry and or acquisition), how would StrikeForce Technologies subsidiary Blocksafe Technologies fit in potentially as a partner to this. Or would it at all? Blocksafe Technologies is currently conducting a security token offering (STO). Time will tell and I will continue my direct selling efforts for Blocksafe Technologies on Facebook to keep me busy!
Strikeforce Technologies, Inc. (SFOR) Stock Research Links
My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any stock.