Replies to post #188062 on Zerify Inc (ZRFY)

[WBCTrader]

Saying O/S hasn't changed in 1.5 years is as misleading as it gets.

In computing diluted income (loss) per share, the treasury stock method assumes that outstanding options, warrants, and convertible preferred stock are exercised and the proceeds are used to purchase common stock at the average market price during the period. Options, warrants, and convertible preferred stock may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants.

Does the average market price of the common stock now exceed the exercise price of the options and warrants?


What about preferred shares being converted and dumped in the market?

For the six months ended June 30, 2017, the dilutive impact of stock options exercisable into 196,000,001 shares of common stock, convertible Series B Preferred Stock that can convert into 11,575,282 shares of common stock, respectively, and notes payable that can convert into 26,666,692 shares of common stock, respectively, have been excluded because their impact on the loss per share is anti-dilutive.

In September 2016, four holders of our Series B Preferred Stock converted 125,337 Series B Preferred Stock into 35,703,979 shares of our common stock at conversion prices ranging from $0.00383 to $0.00532 per share.

As of December 31, 2016, there were 50,001 shares of Series B Preferred Stock issued and outstanding, 16,667 of which convert to common shares at a 30% market discount and 33,334 of which convert to common shares at a 40% market discount.