Zerify Inc (ZRFY)

[tthutch]

#1 promissory notes ARE NOT convertible notes. They are essentially signature loans.

#2 Toxic debt is ADJUSTABLE CONVERTIBLE NOTES which is how a $18,000 note turned into 2.1 Billion shares due to the discounted conversion rate.

THERE IS A MASSIVE DIFFERENCE between a convertible note and an adjustable convertible note.


At todays prices that entire convertible note balance is 60 million shares... which is all the shares the company would have to issue if EVERYONE converted.

$900,000 = 60 million shares today on standard conversion rate
$18,000 = 2.1 BILLION shares when the adjustable converted in March


SO LETS GET THIS STRAIGHT FOR EVERYONE

PROMISSORY NOTES DO NOT CONVERT so 1.9 million your are claiming as toxic is just standard, everyday, garden variety, every business has it DEBT that DOES NOT CONVERT TO SHARES

THERE'S YOUR PROOF.... need to rework your chart