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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
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…
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!
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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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