Zerify Inc (ZRFY)

[hiphop]

I listened to the webex and still think that they are Full of Sh**. The CEO affirmed that he still believed in the full year guidance of $800,000 to $2,200,000. After 1 quarter they are at 11% of the low end guidance and 3% of the high end guidance which means even the very low end of the guidance is not going to happen.

More troublesome is that again they are assuming that any financial settlement of any of their legal actions is counted as revenue. That is incorrect. legal settlements would be categorized as Other Income and not revenue.

This is still a $300-$400k revenue company losing $+$3,000,000 and needing to sell 100-200 million new shares to stay in business

I commend them for communicating, but they are nowhere near a recurring revenue of$70,000 per month which is the very lowest end of their guidance