Replies to post #188161 on Zerify Inc (ZRFY)

[WBCTrader]

No, I mean the fins tell you that SFOR is again out of operating money, and will be seeking debt financing. Probably just as the have in the past, by issuing preferred shares, to be converted into common and dumped in the market.

Table of Contents
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

In July 2017, the Company executed an exchange agreement with the factor which transferred the amount due to the factor into a promissory note for $210,000,
non-interest bearing, and maturing on February 7, 2018. Per the terms of the note, the Company shall make seven payments as follows: $60,000 in August 2017,
which has been paid, $20,000 per month from September 2017 to January 2018, and $50,000 in February 2018. In the event of a default of the payment terms, the
outstanding balance shall increase to 120% of the note balance. Additionally, if the note is not paid in full by the maturity date, the revised outstanding balance
shall be convertible into shares of common stock of the Company at a price per share discount of 20% of the lowest trading market price of the Company’s
common stock for the twenty days preceding a conversion notice

In July 2017, the Company issued a convertible note payable for $175,000, bearing interest at 10% per annum, and maturing in July 2018. At the option of the
holder, beginning seven months from the date issued, the note is convertible into shares of common stock of the Company at a price per share discount of 42% of
the lowest closing market price of the Company’s common stock for the twenty days preceding a conversion notice.