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Thank you for that thoughtful analysis.
I maintain that they should announce cancellation of the reverse split. ALYI was dormant below .0001 for a very long time, then started trading again for some reason that is not easily found in traditional news sources, and moved from .000001 to .0001 to 2,3,4 and now today .0020 high, closing at .0017. Mr. Kay, Waller, and Pemmaraju should announce cancellation of the RS, a halving of their salaries, and then “put the pedal to the metal” on more effective efforts to enforce their patents.
And that’s the best advice their gonna get.
I am as anti-Kay and company as anyone and I'm not an attorney, but Mark seems to stop short of doing anything that would cause FINRA or the SEC to take action against the company. The defense of "we've been trying weewy weewy hawd to make this work" goes a long way, unfortunately. Can a case be made that the three amigos have been robbing shareholders through their compensation packages that vastly exceed the "results" that they have achieved over the last 20+ years? The answer is surely "yes" in the court of public opinion but in an official proceeding? I dunno.
Part of Zanfardino's lawsuit states (in part):
“And what would the nature of the complaint be to FINRA or the SEC?”
The proposed RS, and the vast increase in AS, added to the arguments made in Mr. Zanfardino’s lawsuit, all point to committing fraud against investors.
Shameful trio
I wish them only the best ,to suffer a lot before they die
ZRFY Stock Split History
Date Ratio
Jun. 25, 2020 1:500
Aug. 04, 2015 1:1000
Feb. 13, 2015 1:650
Mar. 18, 2014 1:1499.9
Nov. 03, 2008 1:10
And now another 1:1000.
Mark has never cared about irate shareholders in the past, so why would he start caring now?
And what would the nature of the complaint be to FINRA or the SEC?
Perhaps because ZRFY is in violation of the requirement to timely file the 10-K for 2023 and, if we are to believe Mark's excuse of the delay being caused by selection of new accountants for which he is required by law to file an 8-K he is in violation a second time.
Would those two issues rise to the point of the SEC doing something? I dunno. They could be kicked down to the Expert Market which would probably end their ability to raise capital. Money would soon run out and the entire operation would be shut down.
That would indeed be a blessing.
$ZRFY
My analysis is, that the ONLY thing that could help the execs of ZERIFY now, is to cancel their plans for the proposed RS. Otherwise, I doubt they will have time for business, because they will spend the rest of their lives dealing with irate shareholders justifiably complaining to FINRA as well as the SEC.
The proposed Reverse Split has language that effectively raises the current Authorized Share count to 1000 BILLION. Please, check my math.
They clearly intend the worst case ratio, because as of the date of the 14C filing (5/2/2024), they state (falsely), that the expected share value will be 40 cents post-RS. That would only be true if shares were trading at .0004, which they are not and have not been for many days.
They state the post-RS AS will be 1 BILLION shares, allowing for effective dilution up to the current equivalent of 1000 Billion or 1 Trillion shares.
They further state that their own, Preferred Shares will not be subject to any reduction in number whatsoever.
Define Crooks.
Define Menaces to Society.
Better start dumping whatever you have left!!!!
https://www.sec.gov/Archives/edgar/data/1285543/000147793224002486/zrfy_def14c.htm
OTCM acted quickly. Did they respond to my report?
You can submit your complaint in writing to issuers@otcmarkets.com
Pink Limited Information
Delinquent SEC Reporting
Warning! Limited Information
OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).
https://www.otcmarkets.com/stock/ZRFY/overview
Those Wall Street Analyzer "interviews" are a hoot. SFOR paid a fee to WSA to be "interviewed." And yet the piece winds up with:
A little history.
Nothing has changes since 2012. Kay lies!
https://ih.advfn.com/stock-market/USOTC/strikeforce-technologies-pk-SFOR/stock-news/84339449/emerging-growth-conference-scheduled-for-february
https://www.globenewswire.com/news-release/2017/08/02/1070993/0/en/StrikeForce-Technologies-CEO-s-Summer-Interview.html
https://stockdaymedia.com/news/uncategorized/uptick-network-interview-with-ceo-mike-kay-with-strikeforce-technologies-inc/
http://www.protectingid.com/investor.html
https://wallstreetanalyzer.com/2014/06/10/strikeforce-technologies-otcbbsfor-ceomark-kay/
https://wallstreetanalyzer.com/2013/07/26/strikeforce-technologies-otcbbsfor-ceo-mark-kay/
Yup. And Mark';s PR from August 18, 2021: https://www.globenewswire.com/en/news-release/2021/08/18/2282671/0/en/StrikeForce-Projections-for-2021-with-Sales-and-Marketing-Strategy.html
I remember that one. Biggest one in my memory was with I think First Data. They were going to protect all their credit card terminals and be worth so much money. That may have been through their "partner" but either way, it never happened.
And so many of Mark's lies are demonstrably false. Remember when he made a big deal about doing a presentation of Zerify Meet to the members of the Meadowlands (NJ) Chamber of Commerce? Unfortunately for Mark, the Meadowlands Chamber publishes the dates of their meetings on their web sites. And whadda ya know, the date of the claimed "presentation" was not on a day that the Chamber had a meeting.
We have all been watching this guy for years. Nothing he says is ever the truth.
The 8K that ZRFY must file needs to say why the company's auditor, Weinberg & Co. out of Los Angeles, has been replaced. If Weinberg disagrees with the characterization of the parting I think they would file something with the SEC to note their side of the story.
It seems a little odd that Weinberg, with offices in LA, Boca Raton and West Palm Beach would be the auditor for a New Jersey company. Of course ZRFY is on the hook for the auditor's travel expenses. Perhaps Mark decided that money would be better spent on his salary so they selected a new audit firm that is within driving distance to Edison, NJ.
Or...Mark is just lying about the entire situation. Because Mark lies all the time. Always some would say.
They probably got tired of filing the same garbage 10Q and 10K's.
There is no low to Kay. I wonder if the letter from the former accounting firm, required by the SEC, contained negative info.
Great find!!!
And we know the last 8K had nothing to do about changing the accounting firm.
Well then...either Mark is lying or the company has once again run afoul of its reporting obligations as an SEC reporting company.
I emailed Kay about the 10K. He actually replied.
We changed auditors and they are getting on board and doing the 10k and I can’t say when they will complete it by, but couldn’t start in the beginning and have to catch up.
Thanks
Mark
In addition to what has been said by the other "Debbie Downers" check the 10-K for 2022 (the 10-K for 2023 was due earlier this week and is now late) and you will see that,
IN 2013, ZRFY (then SFOR) settled patent litigation with Microsoft on the out of band verification technology. At the time it was characterized as Microsoft doing away with a nuisance lawsuit by paying a few hundred thousand dollars to ZRFY.
In Note 8 of the 2022 10-K
Look at the 3 Year chart of ZRFY right here on this site. The .02 high to now .00025 is 99% loss. That’s what Mark/George/Ram and Ram’s wife have slated for shareholders. They hold the preferred stock, and they don’t appear to Reverse Split those…. (Nice work!)
Oh my... you are new to Kay & Co. You do know after the coming RS that you won't have anything to hold.
you boys are Debbie downers, as I said before all your points are valid, but this keystroke encryption stuff just got more interesting today, Im hearing they have 2 very impressive patent attorneys who are competing to represent them for recovery, Im holding cant go much lower.
Has anyone emailed Kay to find out where the 10K is?
Yep… I sure do remember that…
It's an interesting question, really. The most recent Q (since we still don't have the K) shows assets of $ 91,000 and liabilities of $ 17.5 million.
The problem for Mark is that there is a note payable to a "related party" (Mark) and accrued interest to a related part of $ 1.7 million. That might also be due to Mark. He doesn't want that liability discharged so why bother with BK.
Mark will Just keep issuing shares and put that money into his pocket. ZRFY is his personal piggy bank. End of story.
No bankruptcy. Just an ongoing scam.
Still no 10K. Any chance a bankruptcy is coming?
Are you new to this company and it being a scam? Been this way for 20+ years.
yes, just a dirty f'in liar.
Remember when Mark stated that one of the reasons he chose Zerify as the company name was because it was a one syllable word?
I remember when he said that.
Mark lies constantly about ZRFY's products.
Here's a link where he claims that "Room Lock" is a feature that is unique to Zerify Meet.
https://finance.yahoo.com/news/zerify-releases-innovative-room-lock-115700401.html
It's a lie. When the announcement came out I checked with the big players in the online meeting space and every one of them (except one, IIRC) said they've had that feature well before ZRFY added it to Zerify Meet.
BTW, the reseller touted in that announcement, 323Link has Zerify listed on their web site, but they only mention the crappy Zerify security products. For video meetings they list Jitsi, Highfice, GotoMeeting and WebEx. Why would a company like 323Link risk its reputation selling an known product like Zerify Meet? My money says the product was never installed in the Tennessee Courts.
Because Mark is a liar.
You’re right; I’ll try harder next time ;- {
In pondering the etymology of this unusual word construction, I’m leaning toward the ancient Kurdish s^ev (can’t do diacriticals here properly), meaning “apple”. Deca of course, ten. So “Ten Apples”.
Seems auspicious enough, but…
Oh well, what a Refreshing New Age when everyone can go along and make stuff up like “Zerify”, that no one ever heard of before. Innovation indeed…
I bet they can't get any certifications either. I don't see anything on the website regarding FIPS, Common Criteria, APL, CNSA 1.0 and 2.0....nothing.
So, in conclusion, this is a scam.
The ProPain
The products exist so they're not vaporware. But they have no value.
No IT professional in their right mind is going to tell their boss (or their customer) that Zerify Meet, a company that is hanging on by its toenails, is a better choice when compared to Microsoft Teams, Google Meet, Zoom, GotoMeeting ot the myriad of other more established choices that are on the market.
When the blockchain started to gain traction, Zerify (then SFOR) claimed to have a way to protect people's coins. Did that product ever generate revenue? Not a dime as far as I know.
When Covid lockdowns forced businesses and government to conduct virtual meetings, Zerify announced their solution. Did that product ever revenue? The company doesn't break down revenue by product category. The 3rd quarter report shows 2023 total revenue was on track for a run rate of $ 88,000. For the entire year. After 20+ years of being in business.
Mark's total compensation for 2022 (the most recent figure available) wa $ 288,000 (down from $ 841,000 in 2021)
Waller's compensation was the same as Kay.
Ram's compensation was the same as Mark and Waller. His 2021 compensation was $ 2.9 million.
For a company that maybe brought in $ 88,000 last year.
F'in ridiculous.
LOL. It's Sevideca, not Sevetica. There was at least one PR where Mark provided an incorrect name of whatever company ZRFY had supposedly partnered with but in this case he got the name right.
Mark lies with such frequency and aplomb that it's difficult to keep track. The whitelist nonsense was one thing, but separately there was the announcement of July 23, 2023 headlined: Zerify Signs Multi-Million Dollar Licensing Agreement For its Secure Video Conferencing Service.
Highlights:
* Zerify is pleased to announce the signing of a multi-year multi-million dollar licensing agreement with a prominent industry leader.
* While we cannot disclose the identity of our esteemed partner until they launch in approximately 90 days, as it states in the contract, we can assure all Zerify stakeholders that this deal will have a far-reaching impact on Zerify.
* The agreement stipulates that Zerify will receive a minimum of $600,000 – $900,000 per year for the next five years, for a total amount of $3,000,000 - $4,500,000. however, based on our partners industry dominance, revenues should be much higher than that. Additionally, while they will launch in the US to start, they are already making plans to launch throughout Europe and Asia.
* “As you can see from the above, the stars have been lining up in our favor, and its finally time for us to shine. We look forward to providing more information about the partner and opportunity as we get closer to the launch,” says Kay.
Every word of the above is a lie. The 90 day window to reveal the name of the "prominent industry leader" would have taken us to October of 2023. Was the name announced? NOPE.
BTW, looking at the Sevideca web site it appears they are trying to push ZRFY crappy products through multi-level-marketing. Click on the "Join Now" button and you are asked to select whether you want to be a "Brand Ambassador" or an "Account Executive." That reeks of stanky MLM garbage to me.
NO ONE is going to sign up for that shitty white label trash. The products are crap. ZRFY has failed trying to sell direct to customers, if the deal with TDSynnex had generated meaningful revenue you know Mark would have been crowing about it. The Sevideca deal is meaningless.
And Mark is delinquent with his SEC filing obligations for the 2023 10-K. I'm sure he doesn't want the numbers seen because revenue for the year will likely amount to less than Mark's paycheck for a month.
They should partner with $HMBL ! LOL.
This is yet another “Bridge Too Far”, for Mark to have claimed the White Label deal was a name everyone would recognize. This Sevetica DID NOT EVEN EXIST JULY 2023!!!
Is anyone willing to confront him about this?
Looks like his last name is Schmaeling.
Mark Kay banking the future of the company on a guy who graduated from college last year? That tracks.
And it looks like maybe Joey got his little brother to do the company web site.
What a joke this company is. A joke that pays its execs 6 figures each.
Where in this LinkedIn profile do you see anything impressive?
https://www.linkedin.com/in/joseph-s-26b806205
He can't even put his last name on the profile!
He just got out of college last year with a degree in Political Science and you're betting on him?
Name one sales organization he took to $100M.
You do know about the Reverse Split coming... right?
One of Kay's announcements from 2023 was a partnership with Synnex that has relationships with many thousands of IT resellers in US and Canada. And the results of that partnership? Well, we don't know because Mark missed the deadline for filing the 10-K for calendar year 2023.
ZRFY's products are crap. The web site that Sevideca is something that a middle schooler could have put together.
This is going nowhere.
Well, I will give them till the end of the 3rd qtr, before I get to your state of mind. I'm not disputing any of your claims, but I have a feeling this is the one to turn them around. The head of Sevideca has an impressive track record of building a number of sales organizations to over $100 million in sales, he is the one I'm betting on. In addition, this patent infringement plan could yield huge awards for the Company, they were informed that 42 other companies tried to patent keystroke encryption but were turned down because ZRFY owns the patent. Tomorrow could shed some light on this, fingers crossed. In all I hear you, just hoping for the best, it's been a while.
Nope. Another Mark Kay scam.
You beat me to it.
The Sevideca web site shows their address:
Which is a virtual office space
Another "non company" partner that will have no more success selling Zerify's crappy solutions than Zerify had trying to sell the solutions themselves.
Mark the lying scammer just trying to keep those paychecks coming in.
Kay files an 8K before his 10K which is now late beyond the NT.
Sevideca
From LinkedIn
Company size
2-10 employees
4 followers
Address shows it is "Virtual" office space
Your business address will be here:
The Realm at Castle Hills Virtual Business Address
Just registered with the Texas Secretary of State on October 3, 2023
Youtube video
There are no deals! Go back under your rock. This is doing a R/S and will lose tons of value before common investors can sell! LOLOL!
StrikeForce Technologies
This information found below is from different Mods. It can not be removed without their permission. Any additions must go below the last entry.
WARNING: PLEASE USE THE SYMBOL SFOR OR COMPANY NAME WHEN POSTING-USE OF ABBREVIATIONS SUCH AS "SF" WILL BE DELETED!
This board is to be used to discuss SFOR(D) the company, its officers and its stock. Messages about other posters or intentions, the mods, name calling, profanity, deletions etc. are off topic at the very least.
To answer some of your questions regarding posts, please read the following, that you should have known already, taken from the Ihub FAQ section of the Ihub handbook. So you can stop with the moronic conspiracy theories about the Mods and Admins on this board!
Regarding libel and slander suspected posts:
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Regarding posting lies (or what some posters feel are lies):
"Mods or Admin do not make decisions about the veracity of information posted. "Truth" is a very subjective term and neither Site Admin nor Mods remove posts based on judgments of this type. Each reader has both the right and obligation to decide for themselves if they feel a post is accurate and its author credible. As a participant on the board, the Moderators' recourse is the same as any other Member; to debate the information contained in the post without attacking the Member, or to ignore it. Attack the message, not the messenger."
Regarding a good DD post with a personal attack lumped in:
If a post is 99% on topic and 1% personal attack it still needs to be removed. Personal attacks in any form are disrespectful of others and are unwelcome on the site. These types of gratuitous comments also create noise and dilute the quality of the board. When a Member attacks another poster, other participants inevitably feel the need to respond, either agreeing or defending. Then others feel the need to respond to these…and so on and so on ad nauseam. Pretty soon the board has devolved into personal attacks and discussion about other Members, i.e., noise and no signal. There are plenty of other sites that allow these types of posts and it is difficult to find any meaningful content on such sites. The goal at iHub is to have all information, whether positive, neutral or negative, discussed in a civil manner, free of personal attacks.
Regarding proof of member post content:
Members do not have to provide "proof" when offering their opinions. There is no requirement for Members to substantiate their posts. Veracity of posts and credibility of the author is determined by the reader.
http://www.strikeforcetech.com/index.aspx
SFOR Security Details Outstanding Shares confirmed unchanged as of 8/19/2016
|
Market Value1 | $9,497,134 | a/o Aug 19, 2016 | |
Authorized Shares | 5,000,000,000 | a/o May 16, 2016 | |
Outstanding Shares | 2,282,964,907 | a/o May 16, 2016 | |
-Restricted | Not Available | ||
-Unrestricted | Not Available | ||
Held at DTC | Not Available | ||
Float | 2,282,934,907 | a/o May 16, 2016 |
Leadership Team:
http://www.guardedid.com/about_leadership.aspx
Advisory Board:
http://www.guardedid.com/about_advisory.aspx
StrikeForce Technologies' IR Contact
Mark L. Kay
CEO
(732) 661-9641
marklkay@strikeforcetech.com
NOW SOLD IN TARGET
http://www.target.com/p/mobile-trust-keystroke-encryption-software-2-mobile-devices/-/A-50575250#prodSlot=medium_1_1&term=mobiletrust
http://www.target.com/p/guarded-id-21-keystroke-encryption-software-2-pcs/-/A-50568581#prodSlot=medium_1_1&term=guarded+id
http://anti-keylogger-software-review.toptenreviews.com/?full_site=true
StrikeForce Technologies is a leading provider that Specializes in Identity Theft Online solutions for consumers, industry and government. By leveraging StrikeForce's breakthrough technologies, consumers and organizations can finally secure their electronic assets while protecting their employees, business partners, suppliers and customers from malicious hacking and theft.
StrikeForce's revolutionary technologies are represented by a proprietary software product suite that guards both businesses and consumers from keylogging, phishing, malware, spyware and other identity attacks and scams.
For more on StrikeForce Technologies, see our corporate web site.
RECENT CYBER BREACHES ALL POSITIVE FOR SFOR (Thanks TradeSlinger)
The threat from cybercrime? 'You ain't seen nothing yet"
http://www.cnbc.com/id/100959481
August 29,2013
Telecoms companies now subject to new personal data breach notification rules
http://www.out-law.com/en/articles/2013/august/telecoms-companies-now-subject-to-new-personal-data-breach-notification-rules/
August 28, 2013
Phishing email grants hackers access to DNS records of major websites
http://www.scmagazine.com//phishing-email-grants-hackers-access-to-dns-records-of-major-websites/article/309274/#
August 2013 CyberBreaches...
Infosec 2013: Cost of cyber breaches rises three-fold, research shows
http://www.computerweekly.com/news/2240182218/Infosec-2013-Cost-of-cyber-breaches-rises-three-fold-research-shows
C/Net News:League of Legends is hacked,
http://news.cnet.com/8301-1009_3-57599450-83/league-of-legends-is-hacked-with-crucial-user-info-accessed/
http://news.cnet.com/8301-1009_3-57599646-83/cybercrooks-use-ddos-attacks-to-mask-theft-of-banks-millions/
http://news.cnet.com/8301-1009_3-57600336-83/syrian-electronic-army-implicated-in-twitter-new-york-times-attacks/
http://news.cnet.com/8301-1009_3-57598603-83/google-confirms-android-flaw-that-led-to-bitcoin-theft/
Nasdaq outage resembles hacker attacks
http://www.usatoday.com/story/cybertruth/2013/08/22/nasdaq-outage-aligns-with--denial-of-service-attacks/2687323/
August 2013 global threats
http://www.scmagazine.com//august-2013-global-threats/slideshow/1502/#0
LivingSocial
http://www.scmagazine.com/top-five-data-breaches-in-2013so-far/slideshow/1387/
Daily-deal website LivingSocial confirmed that its computer systems were hacked, resulting in “unauthorized access.”
The company updated its password encryption method after the breach impacted more than 50 million users. Names, email addresses, dates of birth, and salted passwords were stolen.
1-15 June 2013 Cyber Attacks Timeline
http://hackmageddon.com/2013/07/01/1-15-june-2013-cyber-attacks-timeline/
http://www.strikeforcetech.com |
IDGenie Mobile Security
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OTCQB (as if that means anything)
SFOR now on OTCQB Benefits of uplisting to OTCQB per OTCMarkets website as follows:
"The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
Key elements and benefits of uplisting to the OTCQB include:
?Companies must remain current and compliant in their reporting to the SEC
?Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
?Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
?Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
?Greater information availability for investors through the OTC Disclosure & News Service
?Transparent prices for investors through full-depth of book with Real Time Level 2 quotes"
NEXT QUARTER
500 to 1 Reverse Split Coming, end of April, 2020
https://www.otcmarkets.com/filing/html?id=14077781&guid=v5zHUFJLzJ56Ayh
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