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Zerify Inc (CE)

Zerify Inc (CE) (ZRFY)

0.000001
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Closed July 26 4:00PM

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ZRFY Discussion

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surfkast surfkast 1 day ago
0.000001
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dounome dounome 1 day ago
Should've sold when it hit .29 ok dekeb
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dukeb dukeb 2 days ago
You say you first bought in back in 2005. You had 19 years of hearing Kay lie his ass off each and every time he spoke or issued a PR.

That you got jacked should not come as a surprise.
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dounome dounome 2 days ago
Man we got JACKED.
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dukeb dukeb 2 days ago
The stock has been busted down to the OTC "Expert Market." The company is no longer eligible for broker-dealer quotations.

Mark's ability to borrow money using toxic financing (to pay his salary) or to issue new shares (to pay his salary) is effectively over and done.

They haven't filed their 2023 financials and the bank account is probably empty at this point.

Look for the company to liquidate and disappear. Just as the long promised multi-million dollar deals were coming to fruition
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Cartmontster Cartmontster 2 days ago
Wow!!! I just noticed the price added a few 0's!!!! Unreal!!! $50 I can get 50M shares!!! What a waste of a company. Kay & Co. are nothing but White Collar scam artists.
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Lime Time Lime Time 3 days ago
Yes. It's a fun thing.
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dukeb dukeb 3 days ago
Based on my years observing the OTC, being a "smart trader" means trying to position yourself with shares hoping that a scumbag OTC CEO will issue a press release that drives up the share price so those traders can dump shares onto the poor saps who are too dumb to know that the share price bump is inevitably going to result in a price collapse.

Is that what being a "smart trader is" ?

Because IMO, that is the worst of human existence. The "strong" preying on the "weak."

May the Smartest Trader Survive.
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Lime Time Lime Time 3 days ago
I don't disagree. May the Smartest Trader Survive.
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dukeb dukeb 3 days ago
True, but for every profit there is someone else who loses.

There is no value created. It's a zero sum game.
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Lime Time Lime Time 3 days ago
100% correct. But if you hit the winner tickers at the right time, it gives the best return on investment.
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dukeb dukeb 3 days ago
The OTC is a cesspool. 90%+ of what trades there are companies that will never show a profit.

Shares trade amongst a group of people who are playing a game of musical chairs, hoping they aren't the one left without a seat but with the addition of people who generate chatter hoping to sucker saps into bidding up the price.

FOMO.
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Huggy Bear Huggy Bear 3 days ago
That's a FACT.
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dukeb dukeb 3 days ago
The OTC is a cesspool. 90%+ of what trades there are companies that will never show a profit.

Shares trade amongst a group of people who are playing a game of musical chairs, hoping they aren't the one left without a seat but with the addition of people who generate chatter hoping to sucker saps into bidding up the price.

FOMO.
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Lime Time Lime Time 3 days ago
Write to your legislators. This is all legal. They did 5 reverse splits and FINRA put it through. Very disgusting. Attack FINRA
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dukeb dukeb 3 days ago
This company should have been shut down 10 years ago. They had no viable product. The revenue the company brought in was dwarfed by the 6 figure salaries of the 3 top executives and that situation only got worse as the years went by.

There were red flags a plenty and anyone with common sense should have cut their losses and sold for whatever they could get.
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Lime Time Lime Time 3 days ago
Well, in all fairness, they can complete the filings. Most likely battling with FINRA to get the reverse split put though. The share offering was approved. To sum it up, the situation pretty much sucks.

I wouldn't invest in this.
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dukeb dukeb 3 days ago
The company is done. Finito.

OTC Markets shows that the stock has been kicked onto the expert market. No more reverse splits. No more stock issuances. No more money going into the pockets of the 3 thieves that ran this company as it if was their own personal piggy bank. No more lying PRs from Mark.

FInally.
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dounome dounome 3 days ago
Zrfy your f'ed up.
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Lime Time Lime Time 3 days ago
Another reverse split coming here? omfg

SPLIT DATE SPLIT TYPE SPLIT RATIO REC DATE PAY DATE
06/25/2020 Reverse 1:500 β€” 06/25/2020
08/04/2015 Reverse 1:1000 β€” β€”
02/13/2015 Reverse 1:650 β€” β€”
03/18/2014 Reverse 1:1500 β€” β€”
11/03/2008 Reverse 1:10 β€” β€”
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carusso carusso 3 weeks ago
No one will touch this, with an RS on the way to screw everyone, while β€œspecial” investors are being given Preferred Shares.

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Cartmontster Cartmontster 3 weeks ago
I'm guessing since they can't get any financials out (10K or 10Q)... people are finally getting smart and staying away.
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dounome dounome 3 weeks ago
What the Fuck ZRFY.You have not moved in six or more month's.
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surfkast surfkast 4 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.
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dukeb dukeb 4 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.
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carusso carusso 4 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 β€œchosen ones” with preferred stock at the expense of everyone else.



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dukeb dukeb 1 month 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.
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surfkast surfkast 1 month ago
Actually smart. 20+ years living off a scam.
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dukeb dukeb 1 month 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.
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dukeb dukeb 1 month 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.
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surfkast surfkast 1 month ago
I may just do that and take ma dump on their stoop. LOL
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Cartmontster Cartmontster 1 month 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.
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surfkast surfkast 1 month ago
To Report Possible Delinquent Filings Violations, please notify the Delinquent Filings Group at:
DelinquentFilings@sec.gov
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dukeb dukeb 1 month 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.
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surfkast surfkast 1 month 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.
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Cartmontster Cartmontster 1 month 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!
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dukeb dukeb 1 month 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.
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Cartmontster Cartmontster 1 month ago
When is the reverse supposed to happen?
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carusso carusso 2 months 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.

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dukeb dukeb 2 months 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.
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surfkast surfkast 2 months 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.
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dukeb dukeb 2 months 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.
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carusso carusso 2 months ago
So, if Sevideca went β€œlive” 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?
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dukeb dukeb 2 months 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.
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carusso carusso 2 months ago
It would depend on the exact wording of their reply.
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dukeb dukeb 2 months 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?
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carusso carusso 2 months 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?

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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.
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carusso carusso 2 months ago
Long ago I told y’all I already had my own clay dolls and hat pins.
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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.
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