Zerify Inc (ZRFY)

[moneym8ker]

Convertible debt taken care of? Yes…to the best of our knowledge.

But HOW with zero profits?

Cash in the coffers? Yes…and that’s great BUT HOW with zero profits?

The answer to both of those questions is SHARE OFFERINGS!

They offer shares at a discount to market prices for qualified investors. Once the offerings have closed they have the nerve to announce big bank accounts and huge amounts of cash on hand as if it were because of profitable operations.

I wish you nothing but the best. I look at SFOR as nothing more than quick flip trade worthy.
In my opinion after years of either investing or trading SFOR here’s what my take-a-way is with SFOR:

They have yet (20 years) to report a profitable quarter from sales and general operations. They have relied on shares to pay their bills and make sure they’re all earning six (6) figures.

You’re a shareholder who is more likely to be diluted into oblivion while Mark Kay and George and Ram earn six (6) figures in salary while never issuing an 8K regarding profits or a 10Q or 10K showing a profitable quarter or year.

An 8K is used to publicly disclose a material event.

Given the FACT that SFOR has never had a profitable quarter or year from operations and sales it stands to reason that any profitable quarter would warrant an 8K. Under SEC rule a profitable quarter requires an 8K.

No 8K…expect more of the same; quarterly losses for this quarter.

Historically for every $1.00 they’ve earned it’s cost them between $3.00 and $5.00 to earn it.
I don’t expect any change from that.

If they earned a historic amount of revenue this last quarter they’ll shout it from the rooftops! What they will whisper is how much that revenue cost.