Zerify Inc (ZRFY)

[ZPaul]

Note that Settlement Conf on 01/31/17 was key event driver. Remember all three were consolidated for discovery phase only for speeding up the process, BR found 11 claims ( 1, 7, 8, 10, 19, 22, 48, 50, 52, 53,and 54 ) now of '698 that is being infringed by DUO/Trustwave & Centrify, updated the complaint, decoupled the dockets and we know what settlement conf follows.

Settlement conferences basically involves the judge to get two settlement figures from the Defendants. All they need from the court now is its indication that a figure is somewhere between their two figures is fair. Once received, this judicial approval is added to their recommendations to their clients & Settlement results.

As Kay said last week, one settlement could be sooner and IMO that event will be triggered before the new set of infringers are out. And Kay said , 5 new infringers will be out in FEB 2017/March I guess.