Replies to post #233185 on Zerify Inc (ZRFY)

[dukeb]

I re-read that filing and that's not really what it says.

We are not selling any securities under this prospectus and will not receive any of the proceeds from the resale of shares of our common stock by the Selling Stockholders under this Prospectus, however, in conjunction with the common stock purchase warrants we have issued to each of the Selling Stockholders, we would receive an aggregate of $2,500,000 from The Special Equities Opportunity Fund, LLC and Gregory Castaldo, respectively of all common stock purchase warrants held by these Selling Stockholders were converted.

Looks like another typo in a ZRFY filing (they really don't do these things very well) because it says they will receive $2.5 million IF (vs. the filing that says OF) the warrants are converted. It's too late in the day for me to look at the terms of the warrants. With the stock sitting at just over a penny, whether the warrants get converted depends on those terms.