Antitheft

If a mobile is lost & Comodo Antitheft is installed on it. You have locked the mobile through SMS command.

What are the chances/options to lose your phone? i.e It can be formatted, hard format, etc…?

And suppose the SIM is changed with zero balance account, would we get the SIM change SMS?

What are the chances/options to lose your phone? i.e It can be formatted, hard format,

Indeed, although locked by CMS, phone still can be formatted, hard reset can be performed as well.

Can this be done easily or it is hard & cannot be done by anyone but requires expertise?