Zerify Inc (ZRFY)

[surfkast]

MS does not license this POS.They paid the troll off and others may not be so generous! It was a one time payment which we will probably see is gone in the next filing! They paid like 1/2 to the attorney and Paid off some of the $(37,257,388) million plus in debt!!

On March 28, 2013 the Company initiated patent litigation against an outside party. In March 2015, the case was in full discovery, the pre-trial hearing was held, and the deliberations were continuing. Mediation took place in May 2015 to discuss a potential settlement, and on January 15, 2016, the parties reached a settlement in the matter. As part of the settlement, the Company received a payment in January 2016 of $9,750,000 and incurred fees related to the settlement of $4,187,257.


https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11696917