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Re: “Another disastrous quarter…”
On the other hand, when things can’t possibly get worse, it is possible they could get better?
Anyone know what happened to zpaul?
As Jerry Seinfeld would ask..."Who are these people?"
Other than traders looking to make some beer money when a poor sap buys on the ask, I think pretty much everyone knows that this is a scam and will admit it.
Omitting than the 3 amigos, of course.
People just won’t admit that the company is in the business of selling shares not software.
So the 3rd quarter financials have been uploaded to EDGAR.
The good news is that all the hard work that Mark and the team have been putting in seems too have paid off. /s
Revenues for the quarter were actually UP year-over-year. From $ 22K in the quarter last year all the way up to...$ 25K in the quarter this year. Sadly, revenues for the 9 month period decreased from 2022 to 2023. But no matter, since revenues here are just an afterthought anyway.
The loss from operations was over $ 500k for the quarter (down from $ 1.2 million in the same quarter last year) and for the 9 months the loss was "only" $ 2.5 million, down from $ 6.6 million in the same period last year.
The company continues to need influxes of cash. There were only $ 37k in current assets ($ 34k of that in cash) while current liabilities were at $ 17.5 million, an increase from last year. Accounts payable alone is $ 1.2 million. The balance sheet also shows that several notes are in default of repayment terms. No surprise there.
The big "no news" is no word on the super duper customer deal that was in the pipeline. The name of that customer was supposed to be revealed months ago, but alas, Mark has proven to be a liar once again. The subsequent events section of the 8K just talks about the issuance of new shares - to pay a consulting bill and to bring in cash (because Mark and his crackerjack team need to get paid or else they might....leave?????).
Another disastrous quarter for a company whose very existence is solely to put money into the pockets of the 3 amigos and, per a prior post, to put money into the pockets of their sons. A true multi-generational scam.
🚨 $ZRFY
— OTC Updates (@OtcUpdates) December 25, 2023
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Pink Current, AS: 10B, OS: 3.1B, US: 2.9B
Tier Updated:
🔴 Pink Limited Information
🟢 Pink Current Information
https://t.co/pnj9kYcNQ4
That would be wrong, all the claims are going to trial
It looked as if only the issues relating to the Blocksafe deal were not dismissed.(?)
Salary/bonuses/shares
20 years of lies
Take it all back
Don’t think they profited anywhere near those figures on their Blocksafe stuff…
Would be nice,if the 3 Amigos loose the suit and are forced to pay back $40/50m
To the shareholders!!!
No news in almost 2 months, no filings, no concern for shareholders.
This is information that was given to me by someone who is "in the known" on such matters...
All true... he's been doing it the same way for 20+ years and I will never understand why the SEC accepts his NT's quarter after quarter.
Other than the fact they don't care about small BS groups like Kay.
Nice ty
Pay back all $stolen!!!!
Just starting, the 3 amigos tried to get case dismissed, but judge said no. Now it goes to trial, discovery will be interesting and enlightening
So
It's over?
I hope not
THIS MATTER comes before the Court by way of Motions to Dismiss (the “Motions”)
filed by Defendants Mark L. Kay (“Kay”), Romarao Pemmaraju (“Pemmaraju”), and George
Waller (“Waller,” and together with Kay and Pemmaraju, “Defendants”), ECF No. 19, and
Nominal Defendant Zerify, Inc. (“Zerify” or the “Company”), ECF No. 22;
and it appearing that Plaintiff Constantino Zanfardino (“Plaintiff”) opposes the Motions,
ECF No. 20;
and it appearing that after considering the parties’ briefs, and for the reasons set forth in
the accompanying Opinion;
IT IS on this 28th day of November, 2023,
ORDERED that the Motions are GRANTED in part and DENIED in part; and it is further
Put yourself in Mark's position. I don't mean as a scammer who gets paid hundreds of thousands each year to spew lies, but as the CEO of any public company.
You only have bad news to report and that news will make it crystal clear that you've been spewing nothing but lies for the last 20 years.
Wouldn't you want to postpone revealing that info as long as possible so you can continue to dump shares into the market so the paychecks keep rolling in?
Anything that Mark does (or doesn't do) is for his personal benefit. As a fiduciary he is a total failure and he should be removed along with all of the executives of this sham company.
And they file the NT every single time. They're so busy working their deals and so busy due to the large amount of revenues they're dealing with... NOT!!!!
On November 13, 2023 the company filed an NT 10-Q indicating that the Q for the 3rd quarter would be filed within 15 calendar days of that date. That would be on or about November 28.
Of course the company failed to meet that deadline, hence the notation on OTC Markets that the company is delinquent in their filings .
Yahoo finance shows earnings due December 18 through 24th. I have no idea where they got that information, but it's wrong. Earnings were due by the end of November.
Kay lies every time he opens his yap and whenever he releases a nonsense PR. Throw the NT form onto the pile of lies.
Yahoo site says Earnings due today at close.
...he doesn't work for the company, but he likes the idea that these shares are going a lot higher, and they are getting some traction for the product...
After a couple of years, now I agree with your statement. It's about time.
looking through posts you appear to have a certain knowledge - Do you work for the company..
By filing, of course. But, the SEC can also penalize them and de-list the stock.
As often as they are late, I'm surprised the SEC puts up with them.
But they could cure the situation?
They are already delinquent.
Great.
Now, please would you guys get your stuff together and put out the financials, so that you are not delinquent??
TIA, Man!
Negative number?
A simple under/over from the 2nd quarter would be interesting.
From my November post:
Revenue last quarter was 19k and a net loss of more than $ 900k. For a 20+ year old technology company.
When the latest quarterly is released, will we see revenue above or below $19k? Will the quarterly loss be more or less than $ 900k?
We should have a lottery and try to guess what the revenues will be when the 10Q comes out.
Maybe LOST the crayons… but everybody KNOWS you can still DRAW with broken crayons…
Kay broke his crayons!
Kay broke his crayons!
Sounds like you are close to the company, so, do you know why the quarterly financials are so late?
I'm sorry... but you are absolutely dilutional or you are related to one of the 3 scammers and trying to pump this up as much
as you can... or for as much as they are paying you.
Here is a more realistic breakdown. Pure Bullshit!
$ZRFY Here is my breakdown of the possible revenue and earnings for 2024
1st Qtr 2024 30k users at $8 month starting at 10k Jan 20K Feb 30K March = $480,000 gross rev 40% profit margin $192,000 net profit.
2nd Qtr. 2024 45k April 60K May 75K June = $1,440,000 gross Rev 40% profit margin $576,000 net profit
3rd Qtr. 100K July 125k Aug 150k Sep = $3,000,000 gross rev 40% profit margin $1,200,000 net profit
4th Qtr. 200K Oct 250K Nov 300K Dec = $6,000,000 gross rev 40%profit margin $2,400,000 net profit
2024
Revenue $10,920,000
Net Profit $ 4,368,000
PE Ratio 30
Market Cap $131,040,000
Shares Outstanding (completed Reg A) 3,200,000,000
Projected share price $.41
Assume everything that Mark says is a lie and you will know the answer to your question.
What happen to the 90 day's we were waiting on.
Do I see small vendors?
Thank you. I thought I was doing something wrong.
PINOCCIO STRIKES AGAIN!
Yes, I found the photo of the Chicago highrise that had been photoshopped. That image has since been scrubbed.
All the scammers know how to find Mark, and vice-versa.
I was able to locate the Forrester report. Here is the slide that lists StrikeForce (just prior to the rebranding to become Zerify).
Looking at the sample customers: Fusion PR is a tiny company that operates out of a virtual office in New York City and two virtual offices in California. PushForce has a grade school looking web site: https://www.pushforce.net/ and Tundra Financial Capital may not exist at all. Mr. Google links to a Crunchbase for a firm in Spain with a similar name, but that's it.
Editing to add: Mark should have been smart like most of the other vendors listed by declining to disclose the names of any customers. That would be (slightly) less embarrassing. But we know Mark has no shame.
The point is, as always, that none of Zerify's announcements result in any revenue. The purpose of the company is to keep the hundreds of thousands of paycheck (and benefits) money flowing into the pockets of the 3 amigos (and perhaps their sons if an earlier poster's assertion that they are employed by the company is accurate).
We've seen this routine before haven't we? You may have been the one who pointed out the
Reseller who they photoshopped their company name on a building. That one was a classic!
Well, here's the announcement...
https://www.globenewswire.com/news-release/2022/05/10/2439664/0/en/Forrester-Research-Report-Adds-StrikeForce-s-SafeVchat-to-List-of-25-Secure-Communications-Providers.html
And if you click on the link to read the report( https://www.strikeforcetech.com/forrester-report/) , you get a PAGE NOT FOUND.
You just have to trust Mark that the report exists 🤡
A link would be nice for investors to see the report.
StrikeForce Technologies
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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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