Replies to post #206921 on Zerify Inc (ZRFY)

[I_Am_Ram]

This is so desperate. These are the deals he’s been working on? Funding his business with non secured cryptotokens? And in 3 years if the tokens aren’t around they just jump ship and place all liability on the company when the employees were doing it to feed their pockets the whole time? Again, yikes.

[Baffic]

Can you show me where the $665,500 is shown as being used as revenue? Looks to me like is was classified as a notes payable. Or are you referring to something different from BlockSafe?

https://ih.advfn.com/p.php?pid=nmona&article=78090230
Between January 2018 and June 2018, BlockSafe issued promissory notes payable to fifteen unrelated parties aggregating $665,500 (see Note 4). The notes mature one year from the date of issuance, are unsecured, and bear interest at 8% per annum. As part of each promissory note agreement BlockSafe agreed to pay a financing obligation to the note holders equal to the note principal in cryptocurrency tokens to be issued by BlockSafe.