Replies to post #144831 on Zerify Inc (ZRFY)

[surfkast]

What is a "Gagged" Transfer Agent?

-A 'Transfer Agent' is a company's means of managing shareholder records, issuing and canceling stock certificates, and processing investor mailings. Some companies can act as their own transfer agent, but most often, especially with penny stocks, the job is outsourced to companies specializing in the business. Transfer agents are normally the most accurate, and often the only way of finding the current O/S, A/S, and float for a penny stock. Some will require a fax with shareholder details to retrieve the information, others simply a phone call or email. This type of transparency is desirable among investors.

A "Gagged" transfer agent is one which has been instructed by the company they are working for to not release information, such as the share structure. This is NOT a good situation. There is no legitimate reason for a company to gag their TA. It is almost always done to hide dilution. Without knowing the current number of outstanding shares, an investor has no idea if shares are being sold by the company. Concurrently, without knowing the number of authorized shares, the number of shares that can possibly be sold is not known either. Companies that practice this scam will often issue press releases, or other investor communication containing excuses for having the TA gagged. Unknowing investors will buy these up, and continue holding shares, or even buying more. We absolutely do not recommend touching a stock with a gagged TA, unless you are experienced with penny stocks, and it is purely a short term momentum play.


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[RDY2ROCK]

Again with this UTTER NONSENSE! ROTFLMFAO!

Myself and others have been able to get the CURRENT OS provided! Just for once, do some DD -- Email the TA and Cc Mr. Kay and you WILL receive the current OS!

The current OS is 2,319,683,886 and what we will see in the 10K when filed! ;-)

So it was a whopping (LOL!)1MM higher than my 20 DEC 2016 check. I asked Mr. Kay about the 1MM and he said was some leftover and friendly.

It's a real easy process when DD is actually done! ;-)