Replies to post #234854 on Zerify Inc (ZRFY)

[dounome]

I told ya.

[dukeb]

From the most recent 10-Q

Note 7 – Contingent Payment Obligation

On September 6, 2017, the Company entered into a litigation funding agreement with Therium Inc. (subsequently Therium Luxembourg) and VGL Capital, LLC (collectively the “Funders”) for financing of $1,500,000 from the Funders to allow the Company to pursue patent enforcement actions against alleged infringements of its patents. In exchange for the financing, the Funders are entitled to receive (after the payment of legal fees), the first $1,500,000 from the gross proceeds of any claims awarded, 10% of any additional claim proceeds until the Funders have received an additional $7,500,000, and 2.5% of any claim proceeds thereafter. The Funders are to be paid only if the Company achieves recoveries of claim proceeds.

At September 30, 2023 and December 31, 2022, the Company has reflected the $1,500,000 received from the Funders as a contingent payment obligation to be paid only if patent enforced claim proceeds are recovered.

ZRFY still owes funders money from the last time they went on an (unsuccessful) round of patent litigation.

At least Mark knows how to start the PR with a joke:

EDISON, N.J., March 07, 2024 (GLOBE NEWSWIRE) -- Zerify Inc. (OTC PINK: ZRFY), an industry trailblazer in cybersecurity, particularly renowned for its secure video conferencing and endpoint security solutions, has initiated a proactive approach to capitalize on its patent assets and address instances of infringement.

Trailblazer? HAHAHAHAHAHAHAHA

Renowned for its video conference and endpoint security solutions? HAHAHAHAHAHAHAHA

Total revenues for the first 9 months of 2023: $66,000.
SG&A during the same 9 month period: $ 2,124,000
Loss from operations: $ 2,489,000

Let's take a look at ZOOM Video Communications
Revenue for the most recent quarter. $ 1.14 BILLION
Gross profit of $870 MILLION.
Net operating income: $ 168 MILLION

Mark is hoping to create some interest so he can dump shares. That will bring in cash that will go directly into his pocket.

People are onto your scamming ways, Mark. Shut the company down and GTFO.