ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Sign Up

Already a member? Sign in

Interactive Brokers

Interactive Brokers
Market Data
News
Trading Tools
Markets
Discover

Hot Features

Follow Feed

Connect with traders and investors in our Follow Feed community.

Options Flow

Explore comprehensive options data and use advanced filters with Options Flow.

Monitor

Organize and monitor your stock and asset watchlist with Monitor.
Sign In Premium IconPremium Help Menu
S&P 500
5,615.35
0.55%
US Tech 100
19,804.00
0.64%
Dow Jones
40,000.90
0.62%
Brent Oil
84.57
0.00%
Bitcoin
58,702.58
1.40%
Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Get Started
  1. Home
  2. Investing
  3. Stocks
  4. USA
  5. USOTC
  6. Zerify Inc (PK) (ZRFY)

  7. Zerify Inc (PK) (ZRFY) News

Zerify Inc (PK)

Zerify Inc (PK) (ZRFY)

USOTC
0.0002
-0.00005
(-20.00%)
Closed July 13 4:00PM
Delayed by 15 minutes

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Premium

ZRFY News

Official News Only

ZRFY Discussion

View Posts
carusso carusso 1 week ago
No one will touch this, with an RS on the way to screw everyone, while “special” investors are being given Preferred Shares.

👍️0
Cartmontster Cartmontster 2 weeks ago
I'm guessing since they can't get any financials out (10K or 10Q)... people are finally getting smart and staying away.
👍️0
dounome dounome 2 weeks ago
What the Fuck ZRFY.You have not moved in six or more month's.
👍️0
surfkast surfkast 2 weeks ago
I sat in Kay's office about 20 years ago. They are scumbag scammers. Nothing
changed since I sat in Kay's conference room.
👍️0
dukeb dukeb 2 weeks ago
All very true. And it's unfortunate that a patent is only as good as the owner's ability to defend it.

But somehow ZRFY (then SFOR) was able to engage two of the most experienced patent firms in the U.S.A. and they still have a liability on the books that financed at least part of that effort. IIRC Microsoft was the only company to pay up and that was likely just to avoid the cost of a protracted legal battle.

That the company came up short suggests that the patents were not strong and/or the tech was not being infringed.

And the point you make about the company turning into an ATM for Mark, George and Ram has been made repeatedly. Mark gave up any sense of decency that he may have had and decided to take shareholders for a ride.

That will be his legacy.
👍️0
carusso carusso 2 weeks ago
If we allow that their initial plan to monetize Ram’s patents was valid, this did not begin as any kind of scam. Where things seem to have badly gone wrong was in the business model to monetize the patents, and the inability of their legal teams to enforce the patent rights. Too many bigger fish…Thus the failure of revenues.

What became intolerable to many since 2018, however, were the misleading public representations made by the executives and a few affiliates, broadly defined. And then the continued demand for salaries that were not justified by revenue, while harming average investors with Reverse Splits and dilution, while rewarding a few “chosen ones” with preferred stock at the expense of everyone else.



👍️0
dukeb dukeb 2 weeks ago
Yeah, but why waste money on silly things like rent when that money can go into your pocket instead?

I also think that Mark is cunning enough to dig into his pocket to pay the auditors. If he can get the financials out then he can proceed with the RS, issue billions more shares and keep the payroll money train going.

Stupid Mark.
👍️0
surfkast surfkast 2 weeks ago
Actually smart. 20+ years living off a scam.
👍️0
dukeb dukeb 2 weeks ago
Per the 2022 annual report, the company has been paying $ 60K per year for the Edison, NJ office.

No one works there so why bother having an office? Mark and George can make their once per year phony videos in a sleazy no-tel motel along Route 1 for a lot less money.

That $ 60K could have been funnelled into Mark's pocket instead of the landlord.

Stupid Mark.
👍️0
dukeb dukeb 2 weeks ago
Actually, they did file an 8k back in December about this. I missed it at first: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001285543/000147793223009353/zrfy_8k.htm

And no 8K regarding the change of accounting firms.
👍️0
surfkast surfkast 2 weeks ago
I may just do that and take ma dump on their stoop. LOL
👍️0
Cartmontster Cartmontster 2 weeks ago
NT-10K
NT-10Q

And no 8K regarding the change of accounting firms.

I think they're throwing in the towel and just going to walk away.

Would be nice if someone local went to their office to see if there's an eviction notice on the door.
👍️0
surfkast surfkast 2 weeks ago
To Report Possible Delinquent Filings Violations, please notify the Delinquent Filings Group at:
DelinquentFilings@sec.gov
👍️0
dukeb dukeb 3 weeks ago
I'm not aware of a hard and fast SEC rule on this and I don't see a defined number of days in this document:
https://www.sec.gov/investor/alerts/ib-delinquent-filers

If the company is indeed out of cash, you would think that the three amgios would pool their vast resources and loan ZRFY the money needed to pay for an audit. It's clearly in their best interest to keep the gravy train running.

I am no expert, but I believe they are close to getting put into the 15 day grace period before they get booted to the Expert Market.
👍️0
surfkast surfkast 3 weeks ago
I am no expert, but I believe they are close to getting put into the 15 day grace period before they get booted to the Expert Market.
👍️0
Cartmontster Cartmontster 3 weeks ago
Announced in April

https://www.sec.gov/Archives/edgar/data/1285543/000147793224002005/zrfy_pre14c.htm
1:1000 split

But I'm re-reading it... and it says "In the event..." So I may have jumped the gun on that one.
Good catch!
👍️0
dukeb dukeb 3 weeks ago
I don't recall Mark saying anything about a reverse split.

The company is seriously delinquent in its filing of 2023 financial results and now the company is delinquent in its 2024 first quarter filings.

ZRFY hired a new accounting firm 6 months ago. My guess is that Mark can't come up with the money the new CPAs demand UP FRONT to conduct an audit and compile the financial statements.

The SEC could suspend trading in the stock without advance notice. That would cause the stock to be kicked to the "expert market" and that will likely end Mark's ability to sell more shares (money that goes into the pockets of himself, George, Ram and apparently relatives that they have put on the payroll).

This scam may soon be coming to an end. That is LONG overdue.
👍️0
Cartmontster Cartmontster 3 weeks ago
When is the reverse supposed to happen?
👍️0
carusso carusso 1 month ago
Yo, the Executives: not $100 investment today, June 6, 1 pm EST.

This is due to your planned RS, and past misleading predictions. Cancel the RS, and stop taking any funds from those who gave you that ruinous demand or suggestion. If you want to see any improvement.

👍️0
dukeb dukeb 1 month ago
Many of the claims coming out of Mark and George's mouths about the security features of Zerify products have never been proven. In fact, one of the announcements that Mark made about "Room Lock" being unique to Zerify Meet is demonstrably false. Other vendors of video conferencing platforms had that feature well before Zerify.

I agree that no one in their right mind would consider using a Zerify product. The company exists solely to put money into the pockets of the 3 amigos.

And with a little luck, that will stop very soon.
👍️0
surfkast surfkast 1 month ago
The real problem is Zerify Inc products are not needed. Companies have safety measures they presently use.
I personally know two IT VP's who laugh when I mention this company.
FWIW, one is employed by a major law firm and is constantly flying all over the country setting up video conferences.
The other is employed by a major bank.
👍️0
dukeb dukeb 1 month ago
The Sevideca story is just the latest in Mark Kay's series of fairy tales. Sevideca is trying to set up a multi-level marketing type sales organization to push ZRFY's garbage products. Supposedly the principals in Sevideca (recent college graduates) had success selling something else through an MLM type arrangement and they are trying to do the same with security products.

It's not going to work.

Have you looked at the web site? It's an amateurish piece of trash: https://www.sevideca.com/

My guess is that you will never hear about Sevideca again, just as you never hear about ZRFY's prior "partners" that were announced with the greatest of fanfare.

ZRFY is a farce. There is nothing there. And there will be no revenues to speak of. I'd be surprised if the company exists by the end of this year, especially if they don't get their delinquent filings taken care of.
👍️0
carusso carusso 1 month ago
So, if Sevideca went “live” 4/17/2024, and are paying Zerify big bucks every year for 5 years, will 25% of the 2024 payment due show up in Q2 earnings?
👍️0
dukeb dukeb 1 month ago
Cartmonster asked Mark back in April: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174270871

The company was obligated to issue an 8K when they parted ways with their old accountants and when they hired a new firm.

So either Mark was lying about the change or you can pile on another area of delinquency.
👍️0
carusso carusso 1 month ago
It would depend on the exact wording of their reply.
👍️0
dukeb dukeb 1 month ago
If they responded to such a query would you believe either of them?

Liars lie. That's what they do.

Editing to add: No one has more of an incentive to get the warning removed than the 3 amigos. As it stands they are unable to bring in cash to pay their ridiculously inflated salaries.

Has anyone asked Mr. Kay or Mr. Waller, when their required financial report will be made available, allowing the WARNING sign to be removed on the OTCmarkets site?
👍️0
carusso carusso 1 month ago
Has anyone asked Mr. Kay or Mr. Waller, when their required financial report will be made available, allowing the WARNING sign to be removed on the OTCmarkets site?

👍️0
dukeb dukeb 2 months ago
Yeah, but the amigos are still scamming so clearly your solution did not work.

Time to go full voodoo!

Long ago I told y’all I already had my own clay dolls and hat pins.
👍️0
carusso carusso 2 months ago
Long ago I told y’all I already had my own clay dolls and hat pins.
👍️0
dukeb dukeb 2 months ago
I found a seller on Etsy that will make custom voodoo dollars. For around $ 100 you can get a full set:
* Mark
* George
* Raj



You can pick up a set of voodoo needles on Amazon. To inflect the maximum pain I suggest dulling the points before insertion.
👍️0
carusso carusso 2 months ago
No such illusions for a long time…
👍️0
dukeb dukeb 2 months ago
I prefer the term "realistic bunch."

You'd rather believe that Mark has your best interests at heart and that even one of the numerous "multi-million dollars deals" are going to come through one day? LOL.

Good luck when the announced RS becomes effective...assuming they can come up with the money to pay for the required filings.

Well aren’t you a cheery bunch…
👍️0
carusso carusso 2 months ago
Well aren’t you a cheery bunch…
👍️0
dukeb dukeb 2 months ago
The company has probably run out of cash and Mark can't find a way to raise any. The only reason the company exists is to pay the exorbitant salaries of the 3 amigos. The never ending predictions of "we see millions in revenue on the horizon" have always been a farce.

Declaring BK costs money for filing fees and lawyers. As of the last SEC filing, for the quarter ended September 30, 2023 total assets were only $ 91,000 ($ 34K of that in cash) vs liabilities of more than $ 17 million. There is no value here so nothing to pledge against a loan.

The end of this scam may be upon us.

Maybe they are going to do nothing and file a BK and hop out of this all together.
👍️0
Cartmontster Cartmontster 2 months ago
Maybe they are going to do nothing and file a BK and hop out of this all together.
👍️0
dukeb dukeb 2 months ago
One possible scenario: The auditors require payment up front for their work and have not been paid so the 2023 10-K can't be filed. The company has no cash and has no ability to bring in more cash. As a delinquent filer, the SEC kicks ZRFY to the "Expert Market." The company declares bankruptcy which effectively stops the gravy train for Mark, George and Raj.

The end.


So what will happen IDN.
👍️0
dounome dounome 2 months ago
So what will happen IDN.
👍️0
carusso carusso 2 months ago
Thank you.

So, they could go ahead even if their Q report is still late, perhaps…

👍️0
dukeb dukeb 2 months ago
FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action. Once a corporate action submission is successfully processed (which may take longer than 10 days), it will be posted to the OTC Daily List, where investors can learn about reverse stock splits and other company corporate actions, such as a merger or acquisition, payment of dividends or a company dissolution or liquidation.

Source: https://www.finra.org/investors/investing/investment-products/stocks/stock-splits
👍️0
carusso carusso 2 months ago
If you know, is it FINRA who has to approve their RS? If so, is that contingent upon all their required financial reports having been filed?

TIA
👍️0
Cartmontster Cartmontster 2 months ago
YES!!! I saw that last night and was meaning to correct it today!!!!
👍️0
dukeb dukeb 2 months ago
Did you intend say They probably can't find an accounting firm willing to put their name on an audit.

Unlike some of the other slimeball companies on the OTC, I don't think ZRFY has had issues with the audit process. Could the audit firm demand to be paid in full before they will sign the audit? Yup. Could it be that Mark, George and Raj drained the bank accounts of every last dollar so there is no money left to pay those audit fees? Entirely possible.

They probably find an accounting firm willing to put their name on an audit.
👍️0
Cartmontster Cartmontster 2 months ago
They probably find an accounting firm willing to put their name on an audit.
👍️0
carusso carusso 2 months ago
Thanks
👍️0
dukeb dukeb 2 months ago
10-QSB is a special form of the 10-Q that is for small businesses.

The company is delinquent in its filing of its 2023 10-K.

The wheels are falling off the bus.
👍️0
carusso carusso 2 months ago
What’s form 10-QSB? They say they can’t file that on time either.

But it’s a good sign that they filed these statements to say they can’t file anything on time. Because someone affiliated with the company must at least have a pulse, to have filed these … right?
👍️0
Huggy Bear Huggy Bear 2 months ago
Hmmm.

Looks like .0002 today.

Sheer brilliance.
👍️ 1 😀 1
dukeb dukeb 2 months ago
They are delinquent in their filing obligations on two fronts: most notably the 10-K for 2023. The email you received from Kay about the delay being caused by a change of accountants also demonstrates that they are delinquent in their filing of an 8-K which noting that event.

There is the possibility that the SEC is going to have the stock dumped into the OTC "Expert Market" which should mean game over. Mark, George and Raj will have walked away with millions of ill gotten gain, but at least this will all come to an end.

https://blog.otcmarkets.com/2020/05/01/exploring-the-investor-impact-of-an-sec-rule-proposal/
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
👍️0
Cartmontster Cartmontster 2 months ago
We can all put in $1.00 and have a lottery on when it hits trips again!!! LOL!!!
👍️0
surfkast surfkast 2 months ago
LOL
👍️0

Your Recent History

USOTC
ZRFY
Zerify (PK)
Delayed Upgrade Clock
ADVFN Logo
InvestorsHub

United States
Company
Business
Popular
Get The App
App Store
Google Play

Support: 1-888-992-3836 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

© 2024 ADVFN PLC - All Rights Reserved