Zerify Inc (PK) (ZRFY) Quote

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.

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.

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.

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?

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.

It would depend on the exact wording of their reply.

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?

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?

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.

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

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.

No such illusions for a long time…

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…

Well aren’t you a cheery bunch…

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.

Maybe they are going to do nothing and file a BK and hop out of this all together.

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.

So what will happen IDN.

Thank you.

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

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

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

YES!!! I saw that last night and was meaning to correct it today!!!!

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.

They probably find an accounting firm willing to put their name on an audit.

Thanks

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.

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?

Hmmm.

Looks like .0002 today.

Sheer brilliance.

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/

We can all put in $1.00 and have a lottery on when it hits trips again!!! LOL!!!

LOL

The better question is when ZRFY will appear the FINRA daily list for the (up to) 1:1000 RS.

When the stock goes up to 20 cents we can then predict how long it will take to drop to .0001 once again

.0001 this week?

Thank you for that thoughtful analysis.

I maintain that they should announce cancellation of the reverse split. ALYI was dormant below .0001 for a very long time, then started trading again for some reason that is not easily found in traditional news sources, and moved from .000001 to .0001 to 2,3,4 and now today .0020 high, closing at .0017. Mr. Kay, Waller, and Pemmaraju should announce cancellation of the RS, a halving of their salaries, and then “put the pedal to the metal” on more effective efforts to enforce their patents.

And that’s the best advice their gonna get.

I am as anti-Kay and company as anyone and I'm not an attorney, but Mark seems to stop short of doing anything that would cause FINRA or the SEC to take action against the company. The defense of "we've been trying weewy weewy hawd to make this work" goes a long way, unfortunately. Can a case be made that the three amigos have been robbing shareholders through their compensation packages that vastly exceed the "results" that they have achieved over the last 20+ years? The answer is surely "yes" in the court of public opinion but in an official proceeding? I dunno.

Part of Zanfardino's lawsuit states (in part):

DUTIES OF THE DEFENDANTS
93. Because of their positions as directors of the Company, and because of their ability to control the business and corporate affairs of the Company, the
Defendants owed the Company and its shareholders—when discharging their duties as directors—a duty to act in good faith and in a manner not opposed to the Company and in the Company’s best interest.
94. These obligations required the Defendants to use their utmost abilities to control and manage the Company in an honest and lawful manner.
95. The Defendants were also required to act in furtherance of the best interests of the Company and its shareholders.
96. Further, each Defendant owes to the Company and its shareholders the duty to exercise loyalty, good faith, and diligence in the administration of the affairs of the Company, and in the use and preservation of its property and assets.
97. As directors of the Company, the Defendants must discharge their duties with the care that a person in a like position would reasonably believe appropriate under similar circumstances.
98. By virtue of such duties, the directors of the Company were required to, among other things:

(a) ensure that the Company complied with its legal obligations and requirements, including acting only within the scope of its legal authority and
disseminating truthful and accurate statements to the SEC and the investing
public;
(b) conduct the affairs of the Company to avoid wasting the Company’s assets, and to maximize the value of the Company’s stock and not
benefit themselves at the expense of the Company;
(c) remain informed as to how the Company conducted its operations, and, upon receipt of notice or information of imprudent or unsound conditions
or practices, make reasonable inquiries in connection therewith, take steps to correct such conditions or practices, and make such disclosures as necessary to comply with federal and state securities laws;
(d) ensure that the Company was operated in a diligent, honest, and prudent manner in compliance with all applicable federal, state, and local laws,
and rules and regulations; and
(e) ensure that all decisions were the product of independent business judgment and not the result of outside influences, entrenchment motives and not
benefit themselves at the expense of the Company.

Looking at (c) and (e) in particular can it be PROVEN that Mark, George and Raj are failing to do what is best for shareholders and are making decisions (particularly as it relates to executive compensation) that violate their duty to not enrich themselves (I'm guessing that is what they meant to say instead of entrenchment motives) at the expense of the company? I dunno. Generally speaking, company executives are given wide latitude on the decisions that they are allowed to make so a case (in civil court or through some government action) could be challenging.

Given the preferred stock held by Mark & Co that, for all intents and purposes, locks common shareholders out from any decision making combined with compensation that is wildly out of line with the "results" that the company has achieved could, I suppose, be considered so egregious that action will be taken.

Better (certainly faster) would be if the company just suffocates because no one buys new shares. When the cash dries up the 3 rats will be gone.

“And what would the nature of the complaint be to FINRA or the SEC?”

The proposed RS, and the vast increase in AS, added to the arguments made in Mr. Zanfardino’s lawsuit, all point to committing fraud against investors.

Shameful trio
I wish them only the best ,to suffer a lot before they die

ZRFY Stock Split History
Date Ratio
Jun. 25, 2020 1:500
Aug. 04, 2015 1:1000
Feb. 13, 2015 1:650
Mar. 18, 2014 1:1499.9
Nov. 03, 2008 1:10

And now another 1:1000.

Mark has never cared about irate shareholders in the past, so why would he start caring now?

And what would the nature of the complaint be to FINRA or the SEC?

Perhaps because ZRFY is in violation of the requirement to timely file the 10-K for 2023 and, if we are to believe Mark's excuse of the delay being caused by selection of new accountants for which he is required by law to file an 8-K he is in violation a second time.

Would those two issues rise to the point of the SEC doing something? I dunno. They could be kicked down to the Expert Market which would probably end their ability to raise capital. Money would soon run out and the entire operation would be shut down.

That would indeed be a blessing.

they will spend the rest of their lives dealing with irate shareholders justifiably complaining to FINRA as well as the SEC.

$ZRFY

My analysis is, that the ONLY thing that could help the execs of ZERIFY now, is to cancel their plans for the proposed RS. Otherwise, I doubt they will have time for business, because they will spend the rest of their lives dealing with irate shareholders justifiably complaining to FINRA as well as the SEC.

The proposed Reverse Split has language that effectively raises the current Authorized Share count to 1000 BILLION. Please, check my math.

They clearly intend the worst case ratio, because as of the date of the 14C filing (5/2/2024), they state (falsely), that the expected share value will be 40 cents post-RS. That would only be true if shares were trading at .0004, which they are not and have not been for many days.

They state the post-RS AS will be 1 BILLION shares, allowing for effective dilution up to the current equivalent of 1000 Billion or 1 Trillion shares.

They further state that their own, Preferred Shares will not be subject to any reduction in number whatsoever.

Define Crooks.

Define Menaces to Society.

Better start dumping whatever you have left!!!!

https://www.sec.gov/Archives/edgar/data/1285543/000147793224002486/zrfy_def14c.htm

OTCM acted quickly. Did they respond to my report?

You can submit your complaint in writing to issuers@otcmarkets.com

Pink Limited Information

Delinquent SEC Reporting

Warning! Limited Information

OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).

https://www.otcmarkets.com/stock/ZRFY/overview

Good one! LOL

Those Wall Street Analyzer "interviews" are a hoot. SFOR paid a fee to WSA to be "interviewed." And yet the piece winds up with:

WSA: ...we’d like to thank you for taking the time to join us today Mark and update on rest of our audience on StrikeForce.

Mark Kay: That’s great Juan. Thank you so much for the opportunity, I enjoyed doing this.

Should have been"

WSA: "Thanks for hiring us to promote your company, Mark."
Mayk: "I hope the fee our company paid and the exposure to new cucks means that people will keep buying shares!"

A little history.

Nothing has changes since 2012. Kay lies!


https://ih.advfn.com/stock-market/USOTC/strikeforce-technologies-pk-SFOR/stock-news/84339449/emerging-growth-conference-scheduled-for-february

https://www.globenewswire.com/news-release/2017/08/02/1070993/0/en/StrikeForce-Technologies-CEO-s-Summer-Interview.html


https://stockdaymedia.com/news/uncategorized/uptick-network-interview-with-ceo-mike-kay-with-strikeforce-technologies-inc/


http://www.protectingid.com/investor.html


https://wallstreetanalyzer.com/2014/06/10/strikeforce-technologies-otcbbsfor-ceomark-kay/


https://wallstreetanalyzer.com/2013/07/26/strikeforce-technologies-otcbbsfor-ceo-mark-kay/

Yup. And Mark';s PR from August 18, 2021: https://www.globenewswire.com/en/news-release/2021/08/18/2282671/0/en/StrikeForce-Projections-for-2021-with-Sales-and-Marketing-Strategy.html

For the entire year of 2021 we are excited to announce our anticipated Projections of just under $1m after a slow start in the 1st Qtr. of $46k. This projection is based on current available information and some sales to date with reasonable projections for the rest of 2021. This includes our reseller channel sales and individual sales through our website and sales made directly through the Company. While we are confident that we will meet our projections, there can be no assurance of performance.

Total revenue for 2021: $ 193,000. In Mark's mind, "just under $ 1 million" is actually $ 193k. That's quite a margin for error.

Oh, and 2022 revenues fell by almost half to just over $ 100k. Mark says that's just under $ 5 million.

He's a liar.

I remember that one. Biggest one in my memory was with I think First Data. They were going to protect all their credit card terminals and be worth so much money. That may have been through their "partner" but either way, it never happened.

And so many of Mark's lies are demonstrably false. Remember when he made a big deal about doing a presentation of Zerify Meet to the members of the Meadowlands (NJ) Chamber of Commerce? Unfortunately for Mark, the Meadowlands Chamber publishes the dates of their meetings on their web sites. And whadda ya know, the date of the claimed "presentation" was not on a day that the Chamber had a meeting.

We have all been watching this guy for years. Nothing he says is ever the truth.

The 8K that ZRFY must file needs to say why the company's auditor, Weinberg & Co. out of Los Angeles, has been replaced. If Weinberg disagrees with the characterization of the parting I think they would file something with the SEC to note their side of the story.

It seems a little odd that Weinberg, with offices in LA, Boca Raton and West Palm Beach would be the auditor for a New Jersey company. Of course ZRFY is on the hook for the auditor's travel expenses. Perhaps Mark decided that money would be better spent on his salary so they selected a new audit firm that is within driving distance to Edison, NJ.

Or...Mark is just lying about the entire situation. Because Mark lies all the time. Always some would say.