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Of course he is! Where else is a 70+ year old guy going to paid hundreds of thousands a year to sit on his ass and kick out a nonsense PR every couple of months?
The money raise is so that the paychecks can continue. Nothing more, nothing less.
At least he is trying to keep the company afloat
Agree, but that's not the reason Mark is flying to Florida to present. It is becoming increasingly more difficult to sell shares that Mark is printing. He needs to find an investment banker willing to buy those shares...IBs who will sucker in clients to buy those shares.
If an IB buys a $ 50 subscription that's icing on the cake. But that's not the purpose of the trip. The trip is to keep Mark's salary funded.
100%.
Well, it would be pretty silly not to use their presentation opportunity to get more clients
WHOOPS. I am answering my own question.
The purpose of the trade show isn't to sell product to those in attendance. It's a trade show of investment bankers.
So Mark is there to raise money. Money that will go into his pocket.
IT ALL MAKES SENSE NOW.
Probably so. But it begs the question why Mark would bother travelling to a Florida trade show and have the company pay to present to that audience. He's collecting a big salary for doing no work and there is nothing anyone can do about it because he and his team control the voting. I'm sure he will spend lots of money on first class travel, a nice hotel room, fabulous meals and drinks for everyone...all on the ZERIFY dime.
Why not stay in PA and watch the direct deposit money roll in?
https://nibanet.org/conferences/niba-september-6-7-2023-ft-lauderdale-fl-conference
(see list of companies presenting)
Because it is a little piss ass scam company that no big company will deal with?
I read the article that you linked and the ARS article referenced. Interesting stuff and proof that with persistence that things like TOTP can be sidestepped. Hardware tokens aside (the saving grace in the Cloudflare example) it's possible that malware can intercept not only passwords typed on a keyboard, but the TOTP codes typed in as well.
Mark has been saying for years that Zerify Defender can prevent keystrokes from being intercepted by malware. If that's true, then Zerify technology sounds legit.
So why hasn't Zerify been able to capitalize on that technology?
By chance do you have a link that provides information about those new requirements?
least expensive and most thorough way to meet new requirements.
Recall that Mark provided a date for his presentation to the MCoC that was not on the MCoC calendar.
He lied.
Not sure what you mean by that, but I will say that Mark is among the most low energy speakers I've ever seen.
Even boring bankers will be bored by Mark.
Was the oatmeal rolled oats (which I think are gross) or pinhead oats (also called groats)?
For several years I ate groats for breakfast every morning. I'd make a pot and keep it in the fridge, scoop some into a bowl each morning, add some brown sugar blend Splenda and some fruit. There's some decent chew (nothing like gloppy rolled oats or, heaven forbid, that stuff that comes in a packet) and it tastes nutty.
I used to work at a nursing home. Eddie looks like a good number of the patients that I would see on a daily basis.
Gonna disagree with you on the semantics here, IG.
Typically a RS would be expressed in terms of "1 for 25," meaning holders get 1 new share for each 25 old shares.
In this case the attorney said "25 to 1" (using "to" instead of "for") which is accurate. 25 old shares becomes 1 new share.
Last month Rory signed a 3 year lease on new office space so it certainly doesn't sound like he intends to shut down VERB.
I'm waiting to hear more about the proposed LOI to acquire a new business. That presents a whole new series of ways that Rory can destroy value!
On June 12, 2023, the Company’s Board approved the execution of a non-binding letter of intent (the “LOI”) to acquire certain assets of an ecommerce business (the “Target”) for its MARKET.live, livestream shopping business unit which the Company will retain (the “Acquisition”). The Target’s unaudited financial statements indicate that for the year-ended December 31, 2022, the Target generated transactions totaling approximately $9.5M in gross merchandise value (“GMV”) and was cash-flow positive. It was represented that the GMV was generated by the Target’s approximately 70,000 current active subscribers, each of whom receive daily auto-generated communications from the Target about the preferred brands and products the subscribers selected at sign-up, available for sale each day. Subject to the successful completion of the Acquisition, the Company intends to incorporate the Target’s technology and operations into its livestream shopping platform, MARKET.live, so that the transactions that comprise the Target’s GMV will be facilitated on and through the Company’s MARKET.live platform, potentially at higher margins. Potential corollary benefits of the transaction include the exposure of the MARKET.live shoppable entertainment programming to the Target’s 70,000 subscribers, possibly driving additional sales, among other benefits. Consideration for the proposed Acquisition will be a combination of cash and stock, structured as a seller note payable over 24 months; payments are subject to actual cash receipts as represented by the seller.
The proposed Acquisition is subject to definitive closing documents, further price negotiation based on a mutually selected fairness opinion/valuation expert, further due diligence, and an audit, among other pre-conditions to closing, and as a result, there can be no assurance that the Acquisition will be completed or if completed, that it will be done on the terms currently contemplated by the parties.
I thought I read 9 somewhere, but I can't locate that info now. If I find it I'll post a link.
The June announcement of the CRM divestiture mentions that 74 of 94 staff members would be leaving VERB as part of that deal. That would mean 20 remain. I would expect that most of the 74 that transitioned have direct product responsibility, such as development and support. SW would have little need for redundant positions in areas such as HR, accounting and the like.
But even 9 people sounds like too many for VERB to retain. WTF do 20 (or 9) people do all day, shoot each other with Nerf guns? There is no meaningful business.
The Buyer will hire or otherwise retain all of the Company’s employees and contractors that were dedicated to the direct sales and life sciences business units which represent approximately 74 of the Company’s 94 staff members or almost 80% of the Company’s staff.
I believe the Verb employee headcount is down to 9. Several of those folks are probably 100% remote so not a lot of prospective business for those vending machines.
The new rent is over $ 4,000 per month.
Just more money wasted.
OMG. How tragic for you
I kept losing weight and had to start drinking beer again.
Yup. She's physically less revolting now, but she's still a revolting human being.
I've been on a low sodium diet for 5+ years. Doc told me 1500mg per day limit.
It's tough even at that level. Most restaurant meals are loaded with sodium as is most anything canned.
1,000mg...yikes.
Paging Meatball Ron...
Yes, I guess a lot of people who're just looking for an easy way to lose weight are calling them, and presumably lots of other doctors.
Some months back I made a pot of pasta and as soon as I took the first bite I knew something was off - it was utterly tasteless.
I then realized that I forgot to salt the pasta water. A bit of salt directly onto the pasta saved the dish, but I'll never forget to salt the water again.
Until I do.
Do you mean a low sodium diet?
I told him to go on a sodium diet.
Take a look at "Big League Advantage" They routinely front relatively minor sums to baseball prospects in return for a percentage of the player's future earnings.
Cincinnati Reds rookie shortstop Elly De La Cruz is having a historic start to what could be a Hall of Fame career. In his first three games as a Major League Baseball player, not only did the 21-year-old crush a 458-feet home run, he also became only the second player in at least 123 years to homer, get a single, double, triple and a stolen base in his first three games. De La Cruz, who made a throw to first clocked at 96 mph, could go down as one of the best shortstops to ever play the game and earn hundreds of millions of dollars over the course of his career.
But because he’s a client of Big League Advantage, an investment firm that on average gives minor league players an upfront payment of $350,000 in exchange for 8% of their future Major League Baseball earnings, if De La Cruz does earn hundreds of millions of dollars in the majors, then he’ll likely owe BLA tens of millions of dollars.
YES!
how about 1%?
that would be 7 years in prison
Could be, but everyone knows that the numbers are going to be horrible: almost no revenues, salaries out of control, big quarterly loss so why bother becoming delinquent?
Mark's strategy has always been to say that things will be better...tomorrow.
JMO, he is waiting to file the fins this friday pm before the labor day weekend. My guess is they are horrible
Yes, he did that multiple times. His explanation was that he wasn't available to participate in the tournament, but if he had been available he would make won. So he put his name on the plaque.
He has the mentality of a 4 year old.
I think he claimed he won the Championship one year that he didn't even play!
The gym that I belong to has indoor and outdoor pools. About 7 years ago a member was found face down in the pool. It was estimated that he had been that way for around 20 minutes. The lifeguard on duty said she thought he was just floating. Well, he was floating. Dead.
The guy had a heart attack so he didn't really drown and it's unlikely he could have been saved even if the lifeguard had noticed the floater early on.
Being a lifeguard is boring, but the job requires constant diligence.
I would be happy if he got just 10% of the maximum number of years.
Fingers crossed!
TFG's cheating on the course has been well documented. Repeatedly.
Shocking, I know.
Rory just trying to decide who to blame.
Global warming.
Frozen capital markets.
Mean people on stock chat boards.
The situation really is dire.
Listed on the balance sheet is more than $5 million in capitalized software development costs. The notes to the financial statement says they are amortizing that cost over 3 years. So, $ 1.7 million will come of the balance sheet assets and move to the income statement as an expense.
As of the last Q, shareholder equity was $ 1.8 million. That's gonna drop by $1.2 million before the end of 2023 and drop by another $ 2.4 million in 2024.
Rory can try to raise more money to keep the ship afloat. Existing shareholders are going to get the snot diluted out of them which is exactly why the AS was raised at the same time the RS went into effect.
Ugly.
Mark is big on claims that Zerify products are the solution to every security problem.
What he needs to do is translate that capability into revenues that exceed the salaries of the 3 amigos.
His PR from earlier this week suggests that the big money will soon be rolling in. Mark has made that prediction in the past and it did.not.happen.
Maybe this time it will come true?
My American History teacher was a fall down drunk. He'd sit at his desk and sleep most days. The administration knew all this was going on, but for whatever reason they refused to deal with it. Not long ago I googled the teacher's name. He died before he was 50.
My high school World History teacher was the football coach. He knew pretty much nothing
I'm here for entertainment and to warn others to keep their hard earned money away from the three amigos.
And, yes, I am quite confident that I am much smarter than you.
Your assumption is that they give a hoot about shareholders
What choice do they have? Revenues are pretty much non-existent. Any B.S. that comes out of Mark's maw that says revenues are coming is not to believed until the money ends up in the company's bank account.
ZRFY needs to find ways to dump shares, either on the open market (which is probably difficult given the history of this dumpster fire) or they need to make a sweetheart deal with the warrant holders. Anything necessary to make sure the paychecks keep flowing.
Alternatives:
a) Shut down the company. The best option, IMO.
b) Have the 3 amigos take a drastic pay cut and/or accept IOUs until the promised revenues start appearing.
You stated:
Except the company does not get any cash.
Read the filings.
Well there's a reminder that the stock price is down 90% since last August.
But why wouldn't the company receive the cash after renegotiating the conversion price? Mark getting his mitts on those Benjamins is the only reason the company continues to exist.
Yes, but.those shares would be sold following conversion of outstanding warrants. The conversion price is .0036 per share. With ZRFY shares currently selling for .0010 it would be crazy for those conversions to take place. Now, if Mark starts issuing pie in the sky PRs in an effort to bring the price above the.0036 conversion price that would be interesting indeed. After all, there is the potential to bring in $ 3.4 million to the company as a result of those conversions.
That's money that will go toward paying Mark and his two cohorts lots of salary and bonuses for a few years. After all, those bank accounts aren't going to be replenished by selling products.
OTC website which also shows the filing to dump: "up to 990,444,446 shares of our common stock