Replies to post #206802 on Zerify Inc (ZRFY)

[WBCTrader]

Yup, exactly...

As of June 30, 2018, BlockSafe had no operating activities and no cryptocurrency tokens have been developed. There is no assurance as to whether, or at what amount, or on what terms, tokens will be available, if ever.

In addition, legal and regulatory developments could render the technology impermissible, which could have a material adverse effect on the Company.

[I_Am_Ram]

“BlockSafe received $665,500 from the issuance of unsecured notes payable (see Note 4). As of June 30, 2018, BlockSafe had no operating activities and no cryptocurrency tokens have been developed.”

What about this part? They took out notes and spent money yet they aren’t operating and claim no tokens have been developed. This is not a CYA statement. For one, they spent money on becoming operational, which is operating activities. Two, the tokens exist. Plain and simple. The SEC isn’t telling them they HAVE to deny their existence to shareholders.