[surfkast]

Now that is too funny!

[dukeb]

Like you said. Give it time.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153335292

[jimmirehman]

Can we get this bitch to $5 already 

[Cartmontster]

Guessing the numbers he projected are vaporware just like his software.

[dukeb]

Since we are well past halfway through 2024 I think Mark should provide a status on the $ 3.9 million +++ revenue projection that he made back in January. The 2023 K and the Qs for the first two quarters of 2024 are well past due. Are the revenue numbers so large that the bean counters have run out of mason jars to hold those beans?

What's going on, Mark?

Mark L. Kay, CEO of Zerify expressed his enthusiasm for the company's trajectory, highlighting, "We are extremely optimistic about both our company's future and that of our shareholders. Our Zerify Meet & Defender technologies represent the most groundbreaking innovations in the video conferencing market over the past two decades. We firmly believe that no other company in this industry can match the competitive advantages we possess."

“That’s why in 2024 Zerify is projecting $3.9M in revenues, which only includes our current contracts,” says Kay. “The bulk of those monies will be brought in via an already contracted white-labeled partner which we already announced, as well as newly signed partners i.e. CNS, Rackbuild, HealEstate, ConectUS Wireless, 323Link and others. Though our large white-labeled partner did not launch last year as expected due to the size & complexity of integration and rollout, they are in the final stages of testing and expecting a Q1 launch.”

“Additionally, we are excited about a new emerging revenue stream for us with our Zerify Meet API which enables easy integration of our Zerify Meet directly into an existing application. HealEstate, a recently announced customer, is embedding our Zerify Meet API into their existing platform,” says Kay.

"In summary, we are encouraged about our strategic path and corporate outlook, especially as we expect 2024 to be a year of significant growth, particularly in terms of revenue. Our solutions address the critical need for secure communications in today's world of video conferencing, and we remain steadfast in seizing this opportunity to provide a more secure method for consumers and organizations to communicate," concluded Kay.

[dukeb]

I don't understand why they even bother. The company still hasn't filed its 10-K for 2023. That was due in April. They are delinquent on the 1st quarter of 2024 financials as well.

Over the last 20+ years Mark has taken the company for many millions. There is no more money for him to take. The well is dry.

He should find the decency to dissolve the company and be done with this charade.

But it's Mark, so decency is not something he is capable of.

[Cartmontster]

Well look at that... another NT-10Q. Shocker!!!!

https://www.sec.gov/Archives/edgar/data/1285543/000147793224004763/zrfy_nt10q.htm

[GigantorX]

You told this story many moons ago if I recall correctly.

Ah, the heady days of channel selling, home shopping Network and reverse splits. Oh and 59k in "revenue" every quarter.

I even remember Kay and Co havingive, in the flesh shareholder meetings
....ah, back when the lawsuit was hot.

[GigantorX]

This play has been rolled out countless times over the last decade or more....going back to the SFOR days.

Man, what a trip.

[surfkast]

0.000001

[dounome]

Should've sold when it hit .29 ok dekeb

[dukeb]

You say you first bought in back in 2005. You had 19 years of hearing Kay lie his ass off each and every time he spoke or issued a PR.

That you got jacked should not come as a surprise.

[dounome]

Man we got JACKED.

[dukeb]

The stock has been busted down to the OTC "Expert Market." The company is no longer eligible for broker-dealer quotations.

Mark's ability to borrow money using toxic financing (to pay his salary) or to issue new shares (to pay his salary) is effectively over and done.

They haven't filed their 2023 financials and the bank account is probably empty at this point.

Look for the company to liquidate and disappear. Just as the long promised multi-million dollar deals were coming to fruition

[Cartmontster]

Wow!!! I just noticed the price added a few 0's!!!! Unreal!!! $50 I can get 50M shares!!! What a waste of a company. Kay & Co. are nothing but White Collar scam artists.

[Lime Time]

Yes. It's a fun thing.

[dukeb]

Based on my years observing the OTC, being a "smart trader" means trying to position yourself with shares hoping that a scumbag OTC CEO will issue a press release that drives up the share price so those traders can dump shares onto the poor saps who are too dumb to know that the share price bump is inevitably going to result in a price collapse.

Is that what being a "smart trader is" ?

Because IMO, that is the worst of human existence. The "strong" preying on the "weak."

May the Smartest Trader Survive.

[Lime Time]

I don't disagree. May the Smartest Trader Survive.

[dukeb]

True, but for every profit there is someone else who loses.

There is no value created. It's a zero sum game.

[Lime Time]

100% correct. But if you hit the winner tickers at the right time, it gives the best return on investment.

[dukeb]

The OTC is a cesspool. 90%+ of what trades there are companies that will never show a profit.

Shares trade amongst a group of people who are playing a game of musical chairs, hoping they aren't the one left without a seat but with the addition of people who generate chatter hoping to sucker saps into bidding up the price.

FOMO.

[Huggy Bear]

That's a FACT.

[dukeb]

The OTC is a cesspool. 90%+ of what trades there are companies that will never show a profit.

Shares trade amongst a group of people who are playing a game of musical chairs, hoping they aren't the one left without a seat but with the addition of people who generate chatter hoping to sucker saps into bidding up the price.

FOMO.

[Lime Time]

Write to your legislators. This is all legal. They did 5 reverse splits and FINRA put it through. Very disgusting. Attack FINRA

[dukeb]

This company should have been shut down 10 years ago. They had no viable product. The revenue the company brought in was dwarfed by the 6 figure salaries of the 3 top executives and that situation only got worse as the years went by.

There were red flags a plenty and anyone with common sense should have cut their losses and sold for whatever they could get.

[Lime Time]

Well, in all fairness, they can complete the filings. Most likely battling with FINRA to get the reverse split put though. The share offering was approved. To sum it up, the situation pretty much sucks.

I wouldn't invest in this.

[dukeb]

The company is done. Finito.

OTC Markets shows that the stock has been kicked onto the expert market. No more reverse splits. No more stock issuances. No more money going into the pockets of the 3 thieves that ran this company as it if was their own personal piggy bank. No more lying PRs from Mark.

FInally.

[dounome]

Zrfy your f'ed up.

[Lime Time]

Another reverse split coming here? omfg

SPLIT DATE SPLIT TYPE SPLIT RATIO REC DATE PAY DATE
06/25/2020 Reverse 1:500 — 06/25/2020
08/04/2015 Reverse 1:1000 — —
02/13/2015 Reverse 1:650 — —
03/18/2014 Reverse 1:1500 — —
11/03/2008 Reverse 1:10 — —

[carusso]

No one will touch this, with an RS on the way to screw everyone, while “special” investors are being given Preferred Shares.

[Cartmontster]

I'm guessing since they can't get any financials out (10K or 10Q)... people are finally getting smart and staying away.

[dounome]

What the Fuck ZRFY.You have not moved in six or more month's.

[surfkast]

I sat in Kay's office about 20 years ago. They are scumbag scammers. Nothing
changed since I sat in Kay's conference room.

[dukeb]

All very true. And it's unfortunate that a patent is only as good as the owner's ability to defend it.

But somehow ZRFY (then SFOR) was able to engage two of the most experienced patent firms in the U.S.A. and they still have a liability on the books that financed at least part of that effort. IIRC Microsoft was the only company to pay up and that was likely just to avoid the cost of a protracted legal battle.

That the company came up short suggests that the patents were not strong and/or the tech was not being infringed.

And the point you make about the company turning into an ATM for Mark, George and Ram has been made repeatedly. Mark gave up any sense of decency that he may have had and decided to take shareholders for a ride.

That will be his legacy.

[carusso]

If we allow that their initial plan to monetize Ram’s patents was valid, this did not begin as any kind of scam. Where things seem to have badly gone wrong was in the business model to monetize the patents, and the inability of their legal teams to enforce the patent rights. Too many bigger fish…Thus the failure of revenues.

What became intolerable to many since 2018, however, were the misleading public representations made by the executives and a few affiliates, broadly defined. And then the continued demand for salaries that were not justified by revenue, while harming average investors with Reverse Splits and dilution, while rewarding a few “chosen ones” with preferred stock at the expense of everyone else.

[dukeb]

Yeah, but why waste money on silly things like rent when that money can go into your pocket instead?

I also think that Mark is cunning enough to dig into his pocket to pay the auditors. If he can get the financials out then he can proceed with the RS, issue billions more shares and keep the payroll money train going.

Stupid Mark.

[surfkast]

Actually smart. 20+ years living off a scam.

[dukeb]

Per the 2022 annual report, the company has been paying $ 60K per year for the Edison, NJ office.

No one works there so why bother having an office? Mark and George can make their once per year phony videos in a sleazy no-tel motel along Route 1 for a lot less money.

That $ 60K could have been funnelled into Mark's pocket instead of the landlord.

Stupid Mark.

[dukeb]

Actually, they did file an 8k back in December about this. I missed it at first: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001285543/000147793223009353/zrfy_8k.htm

And no 8K regarding the change of accounting firms.

[surfkast]

I may just do that and take ma dump on their stoop. LOL

[Cartmontster]

NT-10K
NT-10Q

And no 8K regarding the change of accounting firms.

I think they're throwing in the towel and just going to walk away.

Would be nice if someone local went to their office to see if there's an eviction notice on the door.

[surfkast]

To Report Possible Delinquent Filings Violations, please notify the Delinquent Filings Group at:
[e-mail]

[dukeb]

I'm not aware of a hard and fast SEC rule on this and I don't see a defined number of days in this document:
https://www.sec.gov/investor/alerts/ib-delinquent-filers

If the company is indeed out of cash, you would think that the three amgios would pool their vast resources and loan ZRFY the money needed to pay for an audit. It's clearly in their best interest to keep the gravy train running.

I am no expert, but I believe they are close to getting put into the 15 day grace period before they get booted to the Expert Market.

[surfkast]

I am no expert, but I believe they are close to getting put into the 15 day grace period before they get booted to the Expert Market.

[Cartmontster]

Announced in April

https://www.sec.gov/Archives/edgar/data/1285543/000147793224002005/zrfy_pre14c.htm
1:1000 split

But I'm re-reading it... and it says "In the event..." So I may have jumped the gun on that one.
Good catch!