Zerify Inc (ZRFY)

[I_Am_Ram]

“In June 2018, the Company and BlockSafe amended their management agreement. Pursuant to the terms of the amended agreement, BlockSafe shall remit a management fee of $36,000 per month to the Company, retroactive to January 1, 2018 and for a three-year term. Once BlockSafe reaches a milestone of $1,000,000 in financing, an additional management fee of $5,000,000 shall be owed to the Company by BlockSafe in the form of a monthly payment of $138,889 for a period of three years. Additionally, the Company retains the right to use and market BlockSafe’s patent pending Blockchain Defender™ product, perpetually, for a royalty fee of 15%.”

Read again, they are already sending $36,000 a month. Once they secure $1,000,000 in financing the payments will increase another $138,889 a month. It’s a great idea until a financier realizes he’s not investing in Blocksafe anymore.... it kills any chance of Blocksafe being successful. All their cash will go directly to SFOR, when and IF they have it. That’s the major key here. The deal is designed so Blocksafe will never have any cash. It’ll always be going directly to SFOR. Maybe why all the other Blocksafe execs ran for the hills? Didn’t want to spend their time working for a cash scam. This deal only benefits 3 people and it only does so for 3 years.