Zerify Inc (ZRFY)

[jgrant93]

According to their form 1a they are 15.6 million in stockholder debt and 3.6 million in defaulted notes/convertibles.

In December 2020 subscriptions of 975k and issued 436 million stock to 27 investors.

In November 37400 dollars and 10 million shares.

At 7 cents and 700 million o/s that's 49 million market cap...

975000 for 436million shares though works out to .0022 per share which is what tis what the original 13g said before their share price spiked and supposedly got increased to 11cents a share or 22 million shares for 2.5 million...

Looks to me like they are actually selling shares at .0022 and in December alone have sold 436 million...

Now... It looks pretty bad to me but.,. 18 million dollars in det isn't necessarily game ending if the product is good... Or if there was buyout interest... But ya...

And also if they are in default 3.6 million and have only actually paid off 975k... Dilution is only 33 percent done...

Read the 1a form lemme know what u guys think