Zerify Inc (ZRFY)

[surfkast]

What would a company be buying out?

Revenue $32,000 three months ended March 31, 2022


Accumulated deficit (74,455,000 )

https://www.otcmarkets.com/filing/html?id=15839220&guid=xoawkqs6zY2kdth

[3minBandit]

You could all be right based on Fundamentals we are seeing which continue to disappoint, but the TA is communicating something different. I could be wrong, hell yeah, but if I'm right it will be a great day for those who stuck with SFOR.

[carusso]

It would be Amazing, IMHO, if they got .50/sh on a Generous Buyout.

It would be a Miracle, IMHO, if they got such an offer before declaring bankruptcy. A Welcome Miracle.

I think they’d be luck to get .15/sh in a buyout offer.

[carusso]

Only two years?? Lucky duck!!!

[tganz]

That would be the day we lucky if this see .20 so I can dump this trash after 2+ years

[Dodicus]

Read all their filings. This is a scam to make themselves money at the expense of their shareholders. They have no revenue and no prospects!

[3minBandit]

Something big is about to be announced based on the convergence of key TA indicators I track. It has been a long time in waiting, but the target for SFOR is going to be much, much higher than people suspect. $3.00 is min. Think I'm crazy? Then you haven't looked at the last run we had which was the first wave, we are about to hit the strongest wave this time and it will make history in the penny community if I'm right. This company has a real product that could go mainstream big time. I think the Jersey 3 are sandbagging, and the big news is about to finally come out.

3MinBandit

[dounome]

You people are fun nay!

[carusso]

Only 11 Trading Days until some unknown news from SFOR. Pray it’s something good....

[Cartmontster]

I've said this over and over and over... in the IT World, if they are not in Gartner's Magic Quadrant, they are a NOBODY!

And to further repeat myself... no CFO or CTO is going to risk their job and select them knowing SFOR could disappear the next day due to their unimpressive financials. It just doesn't happen!!!

[surfkast]

Just another of Kay's 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/

[dounome]

StrikeForce Technologies, Inc.
May 10, 2022
In this article:

SFOR
-0.32%

StrikeForce Technologies, Inc.
StrikeForce Technologies, Inc.
Purpose-Built & Zero-Trust are Key Factors to Security

EDISON, N.J., May 10, 2022 (GLOBE NEWSWIRE) -- StrikeForce Technologies, Inc. (OTCQB: SFOR), a cyber security company that provides next-gen cyber, data protection & Secure Video Conferencing solutions for SMB’s, Enterprises & Government agencies, announced today that the Analyst Group Forrester Research has added StrikeForce’s SafeVchat to their “Now Tech: Secure Communications, Q2, 2022” research report.

“This is fantastic news,” says Mark L. Kay, CEO of StrikeForce. “That Forrester Research is one of the country’s leading analysts groups that selected StrikeForce as one of the 25 secure communication providers, which is not only tremendous for us and our shareholders, but also validates that our Purpose-Built Zero-Trust Video Conferencing Platform is something that every business owner should now consider. Additionally, the icing on the cake is that we are the “only” video conferencing vendor that made it into their report,” says Kay.

Forrester states that sensitive data exists in many formats; it’s not just within files or in data repositories. Employee communications via chat, voice calls, and videoconferencing can include customers’ personal information, insights about business operations, Controlled Unclassified Information (CUI), export- controlled information, or other highly sensitive material. Common communications methods can expose an enterprise to risk of eavesdropping, data loss and exposure, and noncompliance.

“Protecting sensitive data during video conferencing sessions might sound like a daunting task, but the good news is that it doesn’t have to be. Our purpose-built SafeVchat platform was built with a Zero-Trust Architecture, which means everyone gets authenticated, every time. StrikeForce believes that our SafeVchat Secure Video Conferencing Platform addresses the data protection concerns that Forrester raises,” says Kay.

“In addition to multi-factor authentication, our SafeVchat™ platform also offers a desktop agent called PrivacyLok™, which locks down your camera, microphone, speakers, keyboard & clipboard from eavesdropping spyware. Another great value-add of using PrivacyLok™ is that it protects all video conferencing systems, not just SafeVchat,” says Kay. Learn more about PrivacyLok: www.privacyLok.com.

Kay continues, “Prior to the pandemic, video conferencing was really only used for presentations and updates, now, it’s a crucial part of every businesses communications strategy, therefore, picking a solution for such an integral part of of your business needs to be carefully assessed. We are just happy that organizations like Forrester make it easier for business owners by cutting through the white noise and setting a high bar for report inclusion.”

Read the full report at: https://www.strikeforcetech.com/forrester-report

About StrikeForce Technologies Inc.
StrikeForce Technologies helps to prevent Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication, keystroke encryption along with mobile solutions. StrikeForce Technologies, Inc. (OTCQB: SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at [phone] or toll-free at [phone].

Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the Company's pending patent applications, COVID-19, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the company.

StrikeForce contact:
Mark Kay, CEO
[e-mail]
[phone]

[maronti1]

We all want to see this management behind bars
Stripped of every penny stolen

Will it happen?

[surfkast]

I encourage anyone who lost money to send in complaints to the SEC.
Also based on some recent major lawsuits, Pinocchio with his proven lies should be sued! JMHO

[Dodicus]

BlockSafe is their payday!!!

[Dodicus]

This is where it’s headed.
https://www.sec.gov/tcr

[Dodicus]

Dounome is an insider covering up for FRAUD!
Wedonou!!!!

[Dodicus]

Read in detail all their filings!
It’s a Ponzi scheme.

[Dodicus]

Read in detail all their filings!
It’s a Ponzi scheme.

[Cartmontster]

So tell us how you know what you know.

[Dodicus]

They got nothing!!!!!

[Dodicus]

Follow the money to see the FRAUD!

Paragraph #3 of the 10Q filed on 3/31/22 - StrikeForce owes BST $1,263,000 which Mark, George, and Ram own 31% of BST and get paid a management fee of $36,000 per/mo. Just another way for them to try and hide the money they are stealing from the shareholders



Note 6 – Financing Obligation



The Company is in the process of developing Coins or Tokens which are an envisioned virtual currency. In fiscal 2018, the Company’s consolidated subsidiary BlockSafe (BST), issued promissory notes to unrelated parties aggregating $776,000. As part of issuance, the Company agreed to pay a financing obligation to the note holders equal to the note principal in tokens, as defined, to be issued by BlockSafe. In addition, the Company also agreed to issue tokens to an unrelated party in exchange for cash of $50,000.



During the year ended December 31, 2019, BlockSafe agreed to issue tokens to unrelated parties in exchange for cash of $122,000. In addition, certain note holders of promissory notes issued by BlockSafe agreed to exchange $315,000 of outstanding principal and accrued interest into the financing obligation to be paid by tokens to be issued by BlockSafe.



At March 31, 2022 and December 31, 2021, the outstanding balance of financing obligations amounted to $1,263,000, respectively, to be paid in tokens, as defined. At March 31, 2022 and through the date of filing, BST has not developed or issued any tokens and there is no assurance as to whether, or at what amount, or on what terms, tokens will be available to be issued, if ever. At March 31, 2022, as the tokens do not exist, and any amounts received for tokens are not considered equity or revenue, management determined that 100% of the obligation of $1,263,000 is a liability to be settled by BST, through the issuance of tokens, or through other means if tokens are never issued.

[dounome]

No No NO Cart.

[dounome]

No NO NO Cart

[Cartmontster]

And you have this information... how?
Or just trying to pump this up so you can get back some of your losses?

[dounome]

IT's coming JUNE 14th and it's going to be big. So get ready or don't.

[surfkast]

I believe without spending hours that is the minimum.

[carusso]

Thank you, surfkast.

Sounds like about $2.3 million that one would like to see the exact details of. It is incomprehensible to spend 2.3 million (beyond salaries of no more than 240,000 max), to earn $33,000. At least in my Universe....

[surfkast]

Here is a ball park of what goes to the scammers.

Selling, general and administrative expenses $2,636,000. (We know dam well money is not going to sales)

Research and development expenses for the three months ended March 31, 2022 were $154,000 compared to $145,000 for the three months ended March 31, 2021, an increase of $9,000 or 6.2%. The increase was primarily due to the overall increase in salaries and benefits of the personnel conducting research and development. The salaries, benefits and overhead costs of personnel conducting research and development of our software products primarily comprises our research and development expenses.



Compensation, professional fees, and selling, general and administrative (collectively, “SGA”) expenses for the three months ended March 31, 2022 were $2,636,000 compared to $5,628,000 for the three months ended March 31, 2021, a decrease of $2,992,000 or 53.2%. The decrease was due primarily to a decrease in employee stock-based compensation, offset by an increase in compensation expenses and professional fees. SG&A expenses consist primarily of salaries, benefits and overhead costs for executive and administrative personnel, insurance, fees for professional services, including consulting, legal, and accounting fees, plus travel costs and non-cash stock compensation expense for the issuance of stock options to employees and other general corporate expenses.

[Cartmontster]

$32,000 in Revenue thus far.

How's that 1,000% looking these days?

[Dodicus]

Link to contact SEC for securities fraud.

[Dodicus]

https://www.sec.gov/tcr
This is a scam!!!!!

[carusso]

Would anyone who is able to, kindly state accurately here, the dollar value in 2021, of:

1) salaries, and
2) stock options that were converted to cash,

for

A) Mark Kay,
B) George Walker, and
C) Ram Pemmaraju

I feel these facts should be considered against 17 Million in Losses for 2021, and Q1 revenues of less than $33,000, as I read here.

Thanks in Advance to whomever can respond.

[surfkast]

Note 5 - Notes Payable – Related Party

Notes payable-related party notes represent unsecured notes payable to the Company’s Chief Executive Officer (CEO) ranging in interest rates of 0% per annum to 10% per annum and will mature on December 31, 2022, as amended. The outstanding balance of these notes payable at March 31, 2022 and December 31, 2021 amounted to $693,000, respectively.

[surfkast]

Th lowlife scammers are making plenty of coin. With sales of $32,000, we know they are not funding a sales force!

Selling, general and administrative expenses $2,636,000

[surfkast]

Total Liabilities $13,934,000

[maronti1]

Not too long ago
They claimed to own nothing
Pinocchio at his best

[maronti1]

Sooo $32000 revenues
I wonder were the $100000 upfront money from a large company,plus s170000 for every other items that Pinocchio#2. George Waller told me went?

[Cartmontster]

Revenues are down because of a decrease in ProtectID, GuardedID and MobileTrust sales. What a freaking joke!!! $32,000!!!! Read it again PUMPERS... $32,000!!!!


Revenues for the three months ended March 31, 2022 were $32,000 compared to $46,000 for the three months ended March 31, 2021, a decrease of $14,000 or 30.4%. The decrease in revenues was primarily due to a decrease in revenues relating to our ProtectID®, GuardedID® and MobileTrust® products, offset by an increase in revenues relating to our SafeVchat™ product, despite the impairments related to the economic consequences of the COVID-19 pandemic. Revenues are derived from software and services.

[Cartmontster]

Wow!!! Look at ALL that revenue!!!! Man, this baby should be flying by now!!!
NOT!!!! OMG... how pathetic!!!!!

[NorthShoreTrading]

So how bad is this from today's quarterly? "At March 31, 2022, the Company is in default on notes payable and convertible notes payable in the aggregate amount of $2,861,000. We have not made various principal and interest payments on many of our debt obligations. We continue to seek work-out arrangements and applicable refinancing with new or revised debt or equity instruments."

[maronti1]

Sooo no 1th q?
Are they going to disappear?

[Cartmontster]

Up 29% at 10:13am... obvious manipulation before the dismal 10Q comes out.

[Dodicus]

They are 100% wrong!!!!!!
Google - Employee Vested Stock Grant.
The IRS has rules on that.

[maronti1]

From an other board they replied like this
True?


It’s not an existing liability for the company if the taxes were paid during fiscal 2021. The income taxes are paid by the employee and the company only temporarily books a liability until they are paid. The sale of ISO shares are reported in box 14 of the W-2 if they are sold within one year. On a cashless exercise they are sold right away. So in that case there would be no tax liability to report at 12/31/21. If options are not sold the employee is issued a Form 3922 (which they get regardless) for ISOs and must report AMT implications in the event they are not sold in the tax

[maronti1]

Jail time for this trio crooks
Getting closer!!!!

[Dodicus]

Strikeforce Tax Liability
?
Under IRS regulations when management receives stock that is vested it is taxable event. The company is also required to issue a W2 and withhold the federal, state and any local tax that is due.

StrikeForce Technologies Inc. reported in a 10K filed 4/14/22 that there were stock awards to management which was recorded as compensation for $3,675,000 and $2,712,000. There is no mention of any W2’s being issued or the company withholding the tax on the compensation to management. The company has a significant amount of tax due and is not disclosing this with the shareholders

Getting in deeper!


Below is the paragraph taken from the StrikeForce Technologies Inc 10K filed on 4/14/22



In February 2021, 12,250,000 unvested options granted in fiscal 2020 were modified and such options became fully vested. Pursuant to current accounting guidelines, we remeasured the fair value of these options and determined their fair value to be $3,675,000 and was recorded as stock compensation expense. We also recorded additional stock compensation expense of $2,712,000 to account for options granted in the prior year that vested. In addition, we also issued 17,208,335 shares of the Company’s common stock upon cashless exercise of 17,500,000 options.



In July 2021, we issued 13,557,693 shares of the Company’s common stock upon cashless exercise of 15,000,000 options. In September 2021, we issued 9,189,627 shares of the Company’s common stock upon cashless exercise of 10,000,000 options. In October 2021, we awarded options to purchase 2,500,000 shares of our common stock to our management team and employees, exercisable at $0.005 per share, expiring ten (10) years from the date of grant and vesting over a six-month period. In December 2021, we awarded options to purchase 65,000,000 shares of our common stock to our management team and employees, exercisable at $0.0375 per share, expiring ten (10) years from the date of grant and vesting over a six-month period

[NorthShoreTrading]

No wonder it's selling off! Geesh, that sucks!

[maronti1]

Ok

[Dodicus]

Stay tuned!!!!!