Zerify Inc (ZRFY)

[dukeb]

This is information that was given to me by someone who is "in the known" on such matters...

1) with a day or two of the deadline (or extended deadline) to file with the SEC OTC slaps a “DELINQUENT SEC REPORTING” tag on the ticker.

2) after 6 months from the last reporting period for which fins were filed OTC brings them down to Yield Sign or “Limited Information”.

3) at some point shortly after 6 months with nothing since the last filing was uploaded they can get dropped to Expert Market. OTC usually gives them a notification and a 15 grace period.

After that OTC has no more involvement. The stock trades without quotation of any kind.

It can stay that way for some time. Usually after a couple/few years the SEC will
move to revoke the issuers registration, which essentially sees the ticker symbol disappear.

A company can avoid that fate by de-registering the stock by filing a Form 15 before that. The ticker will remain but it is essentially a non- reporting grey market stock….and stay that way until some years into the future if the stock stops all trading for some period of time FINRA will just delete the ticker as a dormant stock.

There is a big incentive for Mark to keep the money train moving so while he seems perfectly willing to ignore his filing obligations, he always gets the paperwork done before his source of funding (which goes straight into his pocket) is cut off.