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LOL. It's Sevideca, not Sevetica. There was at least one PR where Mark provided an incorrect name of whatever company ZRFY had supposedly partnered with but in this case he got the name right.
Mark lies with such frequency and aplomb that it's difficult to keep track. The whitelist nonsense was one thing, but separately there was the announcement of July 23, 2023 headlined: Zerify Signs Multi-Million Dollar Licensing Agreement For its Secure Video Conferencing Service.
Highlights:
* Zerify is pleased to announce the signing of a multi-year multi-million dollar licensing agreement with a prominent industry leader.
* While we cannot disclose the identity of our esteemed partner until they launch in approximately 90 days, as it states in the contract, we can assure all Zerify stakeholders that this deal will have a far-reaching impact on Zerify.
* The agreement stipulates that Zerify will receive a minimum of $600,000 – $900,000 per year for the next five years, for a total amount of $3,000,000 - $4,500,000. however, based on our partners industry dominance, revenues should be much higher than that. Additionally, while they will launch in the US to start, they are already making plans to launch throughout Europe and Asia.
* “As you can see from the above, the stars have been lining up in our favor, and its finally time for us to shine. We look forward to providing more information about the partner and opportunity as we get closer to the launch,” says Kay.
Every word of the above is a lie. The 90 day window to reveal the name of the "prominent industry leader" would have taken us to October of 2023. Was the name announced? NOPE.
BTW, looking at the Sevideca web site it appears they are trying to push ZRFY crappy products through multi-level-marketing. Click on the "Join Now" button and you are asked to select whether you want to be a "Brand Ambassador" or an "Account Executive." That reeks of stanky MLM garbage to me.
NO ONE is going to sign up for that shitty white label trash. The products are crap. ZRFY has failed trying to sell direct to customers, if the deal with TDSynnex had generated meaningful revenue you know Mark would have been crowing about it. The Sevideca deal is meaningless.
And Mark is delinquent with his SEC filing obligations for the 2023 10-K. I'm sure he doesn't want the numbers seen because revenue for the year will likely amount to less than Mark's paycheck for a month.
Looks like his last name is Schmaeling.
Mark Kay banking the future of the company on a guy who graduated from college last year? That tracks.
And it looks like maybe Joey got his little brother to do the company web site.
What a joke this company is. A joke that pays its execs 6 figures each.
One of Kay's announcements from 2023 was a partnership with Synnex that has relationships with many thousands of IT resellers in US and Canada. And the results of that partnership? Well, we don't know because Mark missed the deadline for filing the 10-K for calendar year 2023.
ZRFY's products are crap. The web site that Sevideca is something that a middle schooler could have put together.
This is going nowhere.
Nope. Another Mark Kay scam.
You beat me to it.
The Sevideca web site shows their address:
Which is a virtual office space
Another "non company" partner that will have no more success selling Zerify's crappy solutions than Zerify had trying to sell the solutions themselves.
Mark the lying scammer just trying to keep those paychecks coming in.
The NT 10-K is just another Mark Kay lie.
While it would be nice if the late filing caused the SEC to take action against ZRFY and shut the scam down, you can be sure that Mark will do everything in his power to make sure the gravy train of bloated salary and benefits will continue ad infinitum.
So who is going to come along to bale him out?
Let me get this straight...Devin's Cow and Devin's Mom have both soured on DJT?
iHub and other sites show the intraday high of DJT never made it over $ 79.38.
Who are these people who paid north of $ 80 a share?
Ahhh. I could have phrased that better.
If I understand it correctly, shareholders that owned 100% of the equity in April of 2023 now hold 20% of the equity. The other 80% went to new buyers.
During that same 12 month period, the share price dropped by 96%.
BTW, on the other board a stuckholder said that he scraped out a few dollars selling his VERBW warrants before they expired and he put the money directly into buying more VERB shares.
You can't fix stupid.
My thought was that Melania's "accident" would entitle him to a postponement of the trial.
And what happens when his bronzer starts dripping or his diaper gets full. Will be be able to ask for a break in the proceedings to...freshen up?
I bet Melania is being extra careful walking up and down flights on stairs.
The writer missed pointing out a specific characteristic that is the human trash heap named Trump. Indeed he is a bully, but he takes particular joy in attempting to denigrate women. Here's a link to a gifted NY Times Article that was in today's paper: https://www.nytimes.com/2024/04/14/opinion/trump-trial-stormy-daniels.html?unlocked_article_code=1.kU0.BJKB.F7JySStrA7xb&smid=url-share
My favorite line from that article:
EDGAR shows that the 10-K for 2022 was filed on April 14, 2023 (after filing an NT 10-K, of course).
The 10-K for 2019 was filed late: May 1, 2020. The SEC probably provided extra time given the COVID situation.
Editing to add: The oldest 10-K that I see on EDGAR is for the year ending 12/31/2008. That year revenue was almost $ 300k. That same report shows that revenue for the year ending 12/31/2007 was more than $ 650k.
Revenues bumped up to $ 412k in 2009 then fell to $ 266k in 2010.
And a reminder that in 2020 revenues were $ 193k and in 2021 they fell to $ 103k.
Each and every year Mark and his amigos collected health 6 figure salaries plus benefits.
The 2023 10-K is due on Monday or Tuesday of this coming week. It should be interesting to see if it says anything about the patent troll strategy.
Since ZRFY owes money to the people who financed the earlier round of patent trolling any licensing fees that roll in would go to the original financiers until that debt is satisfied.
Who would be foolish enough to finance a new round of trolling since the bulk of any money coming in would go to the earlier lenders?
Mark doesn't care since his monster salary is paid no matter what.
Trump on the stand in his own defense would be the best!
He will perjure himself with every statement that he makes.
But sadly, it won't happen.
I think someone on O'Donnell's show (maybe Glenn Kirschner) speculated that one of TFG's lawyers could file to be released from the case citing a conflict on strategy with his client. That could potentially put the trial on hold indefinitely.
The consensus seemed to be that the Judge would see through the ruse and would therefore refuse to release the attorney.
But they certainly might give it a try.
I was referring specifically to this post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174210967
Check my math.
As of April 12, 2023 there were 154,755,360 shares outstanding.
On April 19, 2023 there was a RS of 1:40 which would have reduced the outstanding to 3,868,884
And from that date in April until March of 2024 the O/S grew to 79,300,788.
That would mean an April 2023 shareholder was diluted by 80% in one year.
Rory DOES care about shareholders.
Not!
Assuming the 1:1000 brings the share price to $3.50 it's going to be shorted down to $ 2.50 within days. Then slide back into pennies within months.
And yes, the 10K will be a disaster. I'd be surprised if it total year revenue is over $ 50k. As Mark and the two other criminals draw 6 figure salaries for sitting on their duffs.
Calendar 2019 revenues: $ 768k
Calendar 2020 revenues: $ 207k
Calendar 2021 revenues: $ 193k
Calendar 2022 revenues: $ 103k
Calendar 2023 revenues: $ ???
Mark screws over shareholders once again.
Prior splits:
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
Now another 1:1000
Tally these reverse splits up over the last 16 years and the result is someone will have 1 share for every 4.8 QUADRILLION shares they owned in 2008.
From the filing:
KEGS is citing an SEC rule that does not exist. The 1934 Exchange Act section is 21E, not 27E. In addition, the SEC has consistently ruled that the safe harbor protecting against forwarding looking statements is not available to issuers of penny stocks.
From a SEC opinion letter:
I will be upvoteing your comment, Janice
/s
You reminded me that about 30 years ago I got a cold call from an insurance guy who specialized in disability coverage. I was looking for a disability policy, researched what he was offering and signed up. I had the policy for more than 20 years and I'm sure he made a nice commission. Good for him.
Some years later he called a left a message saying "Hey, dukeb...it's Stu. Give me a call." I wasn't looking for any new insurance so I didn't call him back.
Over the next few weeks he left several more messages. I was getting annoyed.
So the next time he called I answered. "Hey dukeb, It's Stu. How are you?"
Me: "I'm fine, Stu. What's up?"
Stu: "Well you know I sell insurance."
Me: "Yes, I know that Stu. And I received the 5 messages you left me. If I was interested in talking to you about more insurance I would have called you back."
He hung up on me.
I LOL'd.
Alrighty now. Today is Thursday and we all know what that means! A three day weekend for all the hard working people at VERB.
Let's take a look ahead at the Market.live schedule for next week. Hmmmm.
Monday: One show
Tuesday: One show
Wednesday: TWO shows! Count 'em. TWO!
Thursday: Nada
And of course nothing on Friday, Saturday or Sunday because in America, no one shops on those days
And the final week of April looks like:
Monday the 22nd: 1 show
Tuesday: 1 show
Wednesday: 2 shows
Thursday: nada
Rory has built quite the business here. He's very excited!
Sounds like VerbLit 2.0.
TFG is in full panic mode and I love that for him!
Can we agree that anyone who posts in all caps is someone who is unhinged and should be ignored?
What makes these people so angry?
I'll answer my own question: Fox News!
That article brought a scary thought into my head.
Is there anyone in the USA with the name "Donald Trump" other than the shitgibbon?
Depending on where you live in the country having that name might be seen as a big plus or a big minus.
And remember when Elaine on Seinfeld was dating someone who shared the same name as a serial killer?
I assume you mean "within the legal community."
Because in the MAGAt world she is seen as the most righteous judge in America. Diaper Don said it himself.
Unless Mark or his cohorts blatantly violate an SEC regulation I don't think the scam is going to stop. Mark always surrounds his pie-in-the-sky projections with "I can't guarantee anything" or words to that effect. He's not stupid. Quite the contrary. He has found a way to provide himself with a lifetime of income while doing virtually no work.
The only way I see this stopping is if people stop buying shares when ZRFY prints new shares. The company will quickly run out of cash and the operation gets driven into receivership. Another route is if the derivative lawsuit that was filed causes the company to run out of cash by paying lawyers and/or damages.
There are plenty of OTC companies that behave just as badly or even worse. The SEC doesn't play a role.
The SEC wants compliance, but they give companies some flexibility if meeting the original deadline will create a hardship.
In ZRFY's case, it's hard to grasp how another 15 calendar days will make a difference given the simplicity of the business. Almost no revenue, the same extravagant salaries and other operating expenses. How difficult is that to tally up? Answer: Not very.
In theory the extra days give Mark extra time to include items in the Subsequent Events section of the report if, by some miracle, one of the blockbuster deals he has been promising for 20 years happens to come to fruition.
The odds of a deal closing by April 16 are next to zero so it's really just Mark's way of delaying bad news. You would think he would be used to it by now since he's delivered nothing but bad news since he became the CEO. No one with a brain believes a word he says anyway.
ICYMI: Mark filed the NT 10-K on April 1. He has until Tuesday the 16th to file the K.
Nothing but good new in that report, I'm sure 🤪.
Because stupid people prefer to only be surrounded by similarly situated stupid people. iHub is no exception to that corollary.
Ah, yes. But still $ 250k to less than $ 80 in less than 3 years. And Rory is very proud of what he has accomplished.
Looks like Verb's corporate headquarters (condominium) is for rent.
Listed on the VERB corporate web site:
2700 S Las Vegas Blvd
Suite 2301
Las Vegas, Nevada 89109
That condo is listed on several web sites as being available to rent including:
https://www.zillow.com/homedetails/2700-Las-Vegas-Blvd-S-UNIT-2301-Las-Vegas-NV-89109/79876418_zpid/
Rory and Jaymie own a single family home in Las Vegas...purchased in December 2023 for $ 1.5 million:
https://trweb.co.clark.nv.us/WEP_Summary.asp?Parcel=137-14-514-008
https://www.zillow.com/homedetails/3024-Sierra-Juniper-Ct-Las-Vegas-NV-89138/295537945_zpid/
The personal putting green is a nice touch.