SECURITY FIRST INT HL NEW (PINK:SCFR) are Safe According to Penny Stock Beats
There was a time when you had to open your wallet, dig around for some banknotes and coins and give it to the person standing in front of you in exchange for products or services. Over the last decade or so, things have changed – now we simply press some buttons, enter PIN codes and passwords, lie about having read the terms of use, and as if by some miracle money fly from one bank account to another. It is indeed very convenient, and companies from all over the world are constantly searching for ways to make it even more so. SECURITY FIRST INT HL NEW (PINK:SCFR) is one such company and Penny Stock Beats are trying to boost their popularity.
The above mentioned conveniences, of course, wouldn’t be possible without all the computing technology that took us by storm during the last years, and now, with the smartphone we can even manage our finances on the move. Not without the help of SCFR, of course.
What they developed was a mobile application, for Android devices, called M-Cash, which would allow you to fill up your prepaid American Express card with just a few taps on the touchscreen. Yes, we know, it doesn’t sound too revolutionary and probably the niche is not that big either, but still, there is a grain of potential. First, though, they will need to solve some problems.
The first thing that catches your attention when you start the research is the fact that they don’t find it too important to file in financial reports regularly. The last time they did was in October 2012 and it was for the 3 months that ended way back on June 30 2012. We don’t know what has happened to them since, but we doubt that they have turned into a massively successful company. Below you can review the most important financials from the report:
- total assets: $1,200
- total liabilities: $13,301
- net loss: $1,009,525
In our humble opinion these figures are pretty disturbing for any potential investor, but let’s assume for a moment that they have somehow managed to get on their feet and are now better off. We decided to see what their all so convenient app was all about. At first, there was some confusion, because it wold appear that at least two other mobile applications are called MCash, while SCFR‘s creation’s name is M-Cash. Fortunately, after some head-scratching, we managed to find it and we saw there isn’t all that much information about it in Google Play, but it’s available for download as soon as you pay $4.95 for it.
That’s exactly $4.95 more than the price of the American Express official Android application (American Express US). Not only that, but AmEx’s app gives you much more options like paying the monthly bills, reviewing transactions etc. The result of this is that according to Google’s statistics American Express US has been downloaded between 500,000 and 1,000,000 times, while SCFR‘s M-Cash – between 10 and 50 times. That revenue is not going to be enough to cover the gargantuan net loss.
When you are considering investing in a company that is featured in a promotion, it’s always a good idea to check the promoter’s history and how they performed in the past. Naturally enough we looked into Penny Stock Beats and we weren’t impressed. At the beginning of December, they sent out emails in an effort to tout Sycamore Entertainment Group (PINK:SEGI) quoting potential profits of up to 300%. Now, one and a bit months later, you see just how wrong they were.
