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I may just do that and take ma dump on their stoop. LOL
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.
To Report Possible Delinquent Filings Violations, please notify the Delinquent Filings Group at:
DelinquentFilings@sec.gov
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.
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!
I don't recall Mark saying anything about a reverse split.
The company is seriously delinquent in its filing of 2023 financial results and now the company is delinquent in its 2024 first quarter filings.
ZRFY hired a new accounting firm 6 months ago. My guess is that Mark can't come up with the money the new CPAs demand UP FRONT to conduct an audit and compile the financial statements.
The SEC could suspend trading in the stock without advance notice. That would cause the stock to be kicked to the "expert market" and that will likely end Mark's ability to sell more shares (money that goes into the pockets of himself, George, Ram and apparently relatives that they have put on the payroll).
This scam may soon be coming to an end. That is LONG overdue.
When is the reverse supposed to happen?
Yo, the Executives: not $100 investment today, June 6, 1 pm EST.
This is due to your planned RS, and past misleading predictions. Cancel the RS, and stop taking any funds from those who gave you that ruinous demand or suggestion. If you want to see any improvement.
Many of the claims coming out of Mark and George's mouths about the security features of Zerify products have never been proven. In fact, one of the announcements that Mark made about "Room Lock" being unique to Zerify Meet is demonstrably false. Other vendors of video conferencing platforms had that feature well before Zerify.
I agree that no one in their right mind would consider using a Zerify product. The company exists solely to put money into the pockets of the 3 amigos.
And with a little luck, that will stop very soon.
The real problem is Zerify Inc products are not needed. Companies have safety measures they presently use.
I personally know two IT VP's who laugh when I mention this company.
FWIW, one is employed by a major law firm and is constantly flying all over the country setting up video conferences.
The other is employed by a major bank.
The Sevideca story is just the latest in Mark Kay's series of fairy tales. Sevideca is trying to set up a multi-level marketing type sales organization to push ZRFY's garbage products. Supposedly the principals in Sevideca (recent college graduates) had success selling something else through an MLM type arrangement and they are trying to do the same with security products.
It's not going to work.
Have you looked at the web site? It's an amateurish piece of trash: https://www.sevideca.com/
My guess is that you will never hear about Sevideca again, just as you never hear about ZRFY's prior "partners" that were announced with the greatest of fanfare.
ZRFY is a farce. There is nothing there. And there will be no revenues to speak of. I'd be surprised if the company exists by the end of this year, especially if they don't get their delinquent filings taken care of.
So, if Sevideca went “live” 4/17/2024, and are paying Zerify big bucks every year for 5 years, will 25% of the 2024 payment due show up in Q2 earnings?
Cartmonster asked Mark back in April: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174270871
The company was obligated to issue an 8K when they parted ways with their old accountants and when they hired a new firm.
So either Mark was lying about the change or you can pile on another area of delinquency.
It would depend on the exact wording of their reply.
If they responded to such a query would you believe either of them?
Liars lie. That's what they do.
Editing to add: No one has more of an incentive to get the warning removed than the 3 amigos. As it stands they are unable to bring in cash to pay their ridiculously inflated salaries.
Has anyone asked Mr. Kay or Mr. Waller, when their required financial report will be made available, allowing the WARNING sign to be removed on the OTCmarkets site?
Yeah, but the amigos are still scamming so clearly your solution did not work.
Time to go full voodoo!
Long ago I told y’all I already had my own clay dolls and hat pins.
No such illusions for a long time…
I prefer the term "realistic bunch."
You'd rather believe that Mark has your best interests at heart and that even one of the numerous "multi-million dollars deals" are going to come through one day? LOL.
Good luck when the announced RS becomes effective...assuming they can come up with the money to pay for the required filings.
Well aren’t you a cheery bunch…
The company has probably run out of cash and Mark can't find a way to raise any. The only reason the company exists is to pay the exorbitant salaries of the 3 amigos. The never ending predictions of "we see millions in revenue on the horizon" have always been a farce.
Declaring BK costs money for filing fees and lawyers. As of the last SEC filing, for the quarter ended September 30, 2023 total assets were only $ 91,000 ($ 34K of that in cash) vs liabilities of more than $ 17 million. There is no value here so nothing to pledge against a loan.
The end of this scam may be upon us.
Maybe they are going to do nothing and file a BK and hop out of this all together.
One possible scenario: The auditors require payment up front for their work and have not been paid so the 2023 10-K can't be filed. The company has no cash and has no ability to bring in more cash. As a delinquent filer, the SEC kicks ZRFY to the "Expert Market." The company declares bankruptcy which effectively stops the gravy train for Mark, George and Raj.
The end.
Thank you.
So, they could go ahead even if their Q report is still late, perhaps…
If you know, is it FINRA who has to approve their RS? If so, is that contingent upon all their required financial reports having been filed?
TIA
YES!!! I saw that last night and was meaning to correct it today!!!!
Did you intend say They probably can't find an accounting firm willing to put their name on an audit.
Unlike some of the other slimeball companies on the OTC, I don't think ZRFY has had issues with the audit process. Could the audit firm demand to be paid in full before they will sign the audit? Yup. Could it be that Mark, George and Raj drained the bank accounts of every last dollar so there is no money left to pay those audit fees? Entirely possible.
They probably find an accounting firm willing to put their name on an audit.
10-QSB is a special form of the 10-Q that is for small businesses.
The company is delinquent in its filing of its 2023 10-K.
The wheels are falling off the bus.
What’s form 10-QSB? They say they can’t file that on time either.
But it’s a good sign that they filed these statements to say they can’t file anything on time. Because someone affiliated with the company must at least have a pulse, to have filed these … right?
Hmmm.
Looks like .0002 today.
Sheer brilliance.
They are delinquent in their filing obligations on two fronts: most notably the 10-K for 2023. The email you received from Kay about the delay being caused by a change of accountants also demonstrates that they are delinquent in their filing of an 8-K which noting that event.
There is the possibility that the SEC is going to have the stock dumped into the OTC "Expert Market" which should mean game over. Mark, George and Raj will have walked away with millions of ill gotten gain, but at least this will all come to an end.
https://blog.otcmarkets.com/2020/05/01/exploring-the-investor-impact-of-an-sec-rule-proposal/
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
We can all put in $1.00 and have a lottery on when it hits trips again!!! LOL!!!
The better question is when ZRFY will appear the FINRA daily list for the (up to) 1:1000 RS.
When the stock goes up to 20 cents we can then predict how long it will take to drop to .0001 once again
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
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.
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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!
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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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