Zerify Inc (ZRFY)

[moneym8ker]

Blockchain?


You’d better have your most patient money ever if you’re going to wait on the Blockchain sub to generate any money for SFOR.

First they have to draft up a White Paper document.
Then they use that to inform potential investors about their product and offering.
Once they’ve done that and gotten feedback from potential investors and their interest level in the offering the schedule a Pre-ICO offering.

If the Pre-ICO round goes well they’ll schedule an ICO campaign.

If that goes well then they’ll have the funds they need to get the sub up and running.

None of the Pre-ICO or ICO funds will belong to SFOR. The funds will belong to the new sub and in exchange for investing in the sub, investors will receive tokens or coins which translate into shares of the new sub.
Some people are suggesting that SFOR will “wholly” own this new sub but that’s not accurate.
The very nature of an ICO is to offer up the equivalent of shares to the investors.
So SFOR will in fact own the sub but they cannot own all of it. If they maintain 50% or more then that’s commonly accepted as “wholly owned”.

So?
What happens if the PRE-ICO and ICO don’t raise the required amount? Then all of the investors monies are returned and the campaign is considered to be a failure...and then there’s no new sub.

How do we know what the “required amount”of fundraising is? That will all be spelled out in The White Paper document.

How successful are ICO campaigns? Well, that depends on the integrity of the people running it. Do they have the trust of investors? You see, ICO campaigns are very risky. That’s the very nature of them. ICO’s are viewed by many as disruptive to capital markets because they’re not using tradition fund raising (IPO’s) and they’re very very poorly regulated by investor authorities like the SEC or FINRA or anyone.

Because of the absence of oversight they’ve been completely banned in some countries and are illegal to invest in at all even if the investor wants to buy in to an ICO that’s being held in a country where they’re still legal.

So ? Given the 17 years of total failure by SFOR to ever operate with a profitable quarter I wouldn’t take any bets that the ICO will be successful. But who knows? Maybe their White Paper will be well done enough to convince potential investors to ignore SFOR’s track record.

Like I said, you’d better not commit anything but super patient capital if you’re going to wait for the new sub to generate and licensing revenue to SFOR.