Zerify Inc (ZRFY)

[dukeb]

The SEC wants compliance, but they give companies some flexibility if meeting the original deadline will create a hardship.

In ZRFY's case, it's hard to grasp how another 15 calendar days will make a difference given the simplicity of the business. Almost no revenue, the same extravagant salaries and other operating expenses. How difficult is that to tally up? Answer: Not very.

In theory the extra days give Mark extra time to include items in the Subsequent Events section of the report if, by some miracle, one of the blockbuster deals he has been promising for 20 years happens to come to fruition.

The odds of a deal closing by April 16 are next to zero so it's really just Mark's way of delaying bad news. You would think he would be used to it by now since he's delivered nothing but bad news since he became the CEO. No one with a brain believes a word he says anyway.