Interesting and important notes from the 14c filed

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The effective date of the Reverse Stock Split will be on or after May 18th, 2020 (the “Effective Date”). In addition, as discussed below, the Board of Directors and the Holders of a majority of the voting power approved a resolution to effectuate a reduction in authorized Shares of Common Stock from seventeen billion (17,000,000,000) shares of Common Stock down to fourteen billion (14,000,000,000) shares of Common Stock, $0.0001 par value.

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PURPOSE AND MATERIAL EFFECTS OF THE REVERSE STOCK SPLIT



The Board of Directors believes that among other reasons, the large number of outstanding shares of our Common Stock have contributed to the difficulty with some business transactions, have contributed to a lack of investors and specialized fund interest in the Company, at a time when the security software market is active with regard to authentication and malware and has made it difficult to attract new investors, specialized funds or potential business interests. The Board of Directors also believes that the timing is right in line with the Company’s patents, new contracts and interested clients and the new global channel partners that are very engaged with StrikeForce for potential, but not guaranteed, increases in revenues in 2020 & 2021. As a result, the Board of Directors has proposed the Reverse Stock Split as the method to attract business and investor opportunities in the Company.

We are engaged in negotiations with respect to transactions, including financings, acquisitions and cleaning up our debt, which could involve the issuance of capital stock. As of the date herein, there are no definitive agreements, letters of intent or memorandums of understanding with respect to any transactions, financings or acquisitions.

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Recently Executed Distribution Agreements


In November 2018, we executed two distribution agreements for our security products in the insurance and hospitality marketplaces, respectively. We anticipate that both agreements will result in a substantial increase in revenues in the latter of 2020 or in 2021, although there can be no assurances of the anticipated results.

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