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It makes as much sense as "if my grandmother had wheels she would be a bicycle."
Typical OTC fantasy land thinking going on there.
In JR's way of thinking, the only way your opinion matters is if you buy shares in this disaster. Then y'all can commiserate.
Here's a classic iHub post from the days when Rory at least pretended to care about shareholders:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140224276
SHAC videos? HAHAHAHAHAHA
I love it that Redspeed was cited as a source for some of that B.S. Redspeed is still touting the company over on iHang.
Rory now understands that the money people invested in his visions that has been burned up. Those people are in his rear view mirror. Other than his hugely inflated ego the only thing Rory cares about now are people who will put NEW money into his ventures. Of course he will promptly burn that money too all while he moans about the mean things people say about him here on message board and how the shorts are driving down the share price.
It's all so unfair.
/s
Easy answer: Because the insiders know that bringing in a couple of hundred $$ per day in gross margin by selling crap on TikTok vs. fixed costs of more than $ 30,000 per day is not a path to profitability.
The cash burn will continue with no prospects for a brighter future.
An interesting article about TFG and the Wharton School:
https://www.phillymag.com/news/2019/09/14/donald-trump-at-wharton-university-of-pennsylvania/
Of particular note:
Mystery #5: Did Donald Trump finish first in his class at Wharton, as he bragged to multiple journalists over the years?
This assertion appeared in a fawning New York Times profile of the Trump Organization published in 1973, the same year the Department of Justice sued Donald and his father Fred for housing discrimination for refusing to rent to people of color. Sample paragraph:
Donald, who was graduated first in his class from the Wharton School of Finance of the University of Pennsylvania in 1968, joined his father about five years ago. He has what his father calls “drive.” … “Donald is the smartest person I know,” he remarked admiringly.
The claim was repeated in another doting profile of Trump in the New York Times in 1976. Noting that practically every article ever written about Trump in the wake of the Times profiles parroted the “first in his class” claim, the Times finally corrected the record in yet another eye-roll-inducing profile published in 1984 (“Spending a day with Donald Trump is like driving a Ferrari without the windshield. It’s exhilarating; he gets a few bugs in his teeth”), declaring that the notion that Trump finished first in his class at Wharton was contradicted by the university’s commencement program.
The program for the commencement ceremony lists the names of students who graduated from Wharton with honors — cum laude, magna cum laude, summa cum laude — and Donald Trump isn’t among them. Nor is his name included on the Dean’s List published in 1968 by the Daily Pennsylvanian. Given that colleges and universities are prohibited by law from releasing transcripts to anyone other than the student in question, and that Trump has purportedly forbidden the school to do so, we’ll have to rely on proof by omission that Trump didn’t graduate with any academic distinction whatsoever.
Trump himself finally copped to this in a 1988 New York magazine story written by Julie Baumgold. “Okay, maybe not ‘first,’ as myth has it,” Baumgold wrote, “but he had ‘the highest grades possible.’”
To your point about famous names associated with scams...from the Wikipedia page about Theranos, one of the most notorious scams ever:
Do you ever listen to the Podcast "Wait Wait Don't Tell me" on NPR? It's a game show of sorts where 3 panelist/comedians answer questions about recent news events.
This past week in the game called "Bluff the Listener" the panelists told 3 stores about Target and the home listener was tasked with picking out the true story (the other two stores were made up). The 8 year old driving to Target and drinking the Frappuchino was the true story.
https://podcasts.apple.com/us/podcast/wait-wait-dont-tell-me/id121493804
On that same show they played a game called "Not My Job" with actor Gary Oldman, who was terrific in the TV series "Slow Horses" a British spy thriller:
https://en.wikipedia.org/wiki/Slow_Horses
LOL.
It is amazing to me how stuckholders in various companies get excited at the prospect of some white knight coming along to save them.
Bringing the dying Rotman's Furniture store into VYST was a signal that the end was near. Meanwhile the Rotman family (especially Greggy) put millions into their own pockets.
Now you won't have any quarters for the parking meter.
The bigger question is why anyone with a viable business would want to fold that entity into VYST and its existing shareholders. Existing shareholders own a shell that is essentially worthless.
If I wanted to take my company public I surely wouldn't want to share my equity with people whose capital contribution was squandered away long ago by prior management.
Did you follow the VERB trading action last Friday? Chatter over on Stock Twits was that the stock was going back to $ 1. The volume was crazy.
And, as you always say, the circus eventually leaves town. In this case, the circus was in town for just one day.
I'd love to see the posting of those jobs on Indeed.com
And a list of who respond to those postings (other than Laura Loomer).
He was married to Jamie-Lynn Sigler who played Meadow on The Sopranos.
The hard questions should be directed at Rory.
As of now it looks like gross margin from the Temu crap being sold on the TikTok channel generates a couple hundred dollars a day in gross margin. And yet the company's overhead is more than THIRTY THOUSAND dollars each and every day.
How is that sustainable?
What is the path to being cash flow positive?
How can Rory show his face on the GFY "show" as a serial entrepreneur and "business titan" when every sector he has entered over the last 5+ years has been a total failure that collectively burned through more than $ 200 million of investor capital?
BTW, 24+ hours after GFY Episode 1 was posted to YouTube it still has fewer than 200 views. So throw another business idea onto the Rory Cutaia fire of failure.
If only there was a way to do 2 minutes of research to find out that Michery has a history of doing these kinds of things.
One of the "et als" in that case went to high school with a good friend of mine. We've been following the case somewhat since it was first filed.
My friend said the co-defendant was a slimeball 40+ years ago and he wasn't surprised that the dude got involved in penny stock scamming.
Some people learn how to steal from an early age.
Referring back to this: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160630420
Taking into account the 2023 1:40 RS your prediction was for VERB to be a $ 200 stock.
It's currently 7 cents.
So I guess I'm saying that Rory has failed you each new pivot is a bigger embarrassment than the prior.
While it's hard to articulate exactly what happiness means to everyone, one of WalletHub's most recent studies aimed to do just that: measure and compare the population's happiness across states.
The personal-finance outlet compared the 50 states using three categories: emotional and physical well-being, work environment, and community and environment. These categories were quantified using a total of 30 metrics, including life expectancy, share of adult depression, commute time, unemployment, and divorce rate.
To do so, they pulled data from the US Census Bureau, the Bureau of Labor Statistics, the Centers for Disease Control and Prevention, the Sharecare Community Well-Being Index, AmeriCorps, and more.
10 Kentucky
9 Mississippi
8 Oklahoma
7 Alabama
6 Alaska
5 New Mexico
4 Tennessee
3 West Virginia
2 Arkansas
1 Louisiana
And yet, these states (with the exception of New Mexico) vote hard (R). As if that party gives a flying F about people's well being.
Rory (and David Meltzer) project GoFundYourself has an unimpressive start.
Episode 1 livestreamed on Market.live this afternoon. It's available to watch now on YouTube.
A whopping 33 subscribers, and 60 views 4-hours after the video was posted. With 7 people who gave it the thumbs up. Remove the the 4 "Titans" and the guy who did the pitch and that means maybe 2 unaffiliated viewers gave it a thumbs up.
Another pathetic Rory vanity project. Did VERB shareholders pay for this?
I'd think that Jeff Bezos would buy the patent for Vraylar to keep it off the market.
I don't really watch much TV and when I do I tend to change the channel as soon as a commercial comes on so I only catch about 2 seconds of the people dancing and laughing.
Perhaps you could have a new career as a curator of pharma commercials? You could open a museum and have the actors come in to do meet and greets.
Are you willing to relocate to Las Vegas? That might be a good place for the museum.
Oh,.but you don't like the heat.
I'll have to put more thought into this.
Ties to P Diddy?
Makes you wonder if those scenes are created by independent film makers who hawk them to the pharmas. The marketing people at the pharmas look through the catalog of people dancing and what not and decide which one they want to use in their ads.
It's because non-college educated (largely white) males feel as though they are being left behind. Historically this group could get jobs in factories of various kinds. In some places there were lots of jobs mining coal. General blue collar type employment. Back in the day you could do car or truck repair without having to touch a computer.
They also didn't need to be concerned about the way they spoke about other people. They could call people other ethnicities disparaging names and get away with it.
As a result of globalization and automation, most manufacturing jobs have gone to countries where the labor costs are lower and environment regulations are less or even non-existent when compared to the USA. Mining jobs are a tiny fraction of what they once were. Vehicles are super high tech and require computer skills to
repair them.
And, except amongst themselves, they can't freely call people racist names because...Woke.
They look at the "elites," especially those who live and work in cities on the coasts, and they can't understand why they seem to be thriving while those in rural areas are suffering.
The demographic is angry. And angry people are looking for someone who will make all kinds of promises and who share their grievances.
And you-know-who is more than ready to answer the clarion call.
That's not to say that the demographic doesn't need help. We could do a better job preparing them for the 21st century economy. That takes education and, as we know, getting a quality education in some parts of this country can be almost impossible.
Those ads always have smiley/active people having all sorts of fun. People see those ads and say "Gee, I'd like to be smiley and active. And I'd sure like to be having fun. I'll ask my doctor what pill I can take ..."
I see occasional posts on Reddit from Aussies about the astronomical increase in grocery and housing prices.
No doubt there is accumulation of wealth amongst an ever shrinking group while the masses leave hand to mouth.
It's a worldwide problem that the pandemic only heightened.
You mean the announcement of an Oracle deal, right?
That was back when Rory could announce a partnership/integration announcement and the market seemed to take notice.
After years of Rory yapping about how each deal was going to be a game changer that would raise the trajectory of VERB and then watching absolutely nothing happen has caused him to have all the credibility of a carnival barker.
Is there an indication on the GFY site that Verb is receiving a commision from the equity sales?
Regulation CF, under which GoFundYourself says it will be operating says:
all transactions under Regulation Crowdfunding to take place online through an SEC-registered intermediary, either a broker-dealer or a funding portal
Source: https://www.sec.gov/resources-small-businesses/exempt-offerings/regulation-crowdfunding
Perhaps the plan is to use a funding portal???
Funding portal: https://www.ecfr.gov/current/title-17/chapter-II/part-227/subpart-D/section-227.400
Let me, guess, you Aussies don't have constant TV advertisements for prescription drugs.
Some shows in the USA (60 Minutes, as an example) that attract...shall we say...a more mature audience...have one commercial after the next for this drug or that.
"Ask your Doctor if (insert name of prescription drug here) is right for you."
Udderly hopeless.
https://x.com/DevinCow
If only the panel of "Titans" were to ask Rory the same hard hitting questions about VERB.
Exactly what business are you in?
When will you become profitable?
What happened to the $ 200+ million that has already been entrusted to you with nothing to show for it except some 20 somethings appearing on TikTok pushing junky jewelry?
How has your Board allowed you to pivot from one failure to the next failure to the next failure while continuing to pay you a salary of nearly $ 1 million a year?
Rory would be laughed out of the building.
A lot of people are saying it.
Selling? LOL.
I popped onto the Market Live TikTok just now. There is a new twenty-something face hawking Temu quality crap jewelry. Fewer than 70 people were tuned in. The young lady is trying to unload 5 rings that cost $ 3 each. if all those rings sell that's $15 added to the top line revenue for VERB. Maybe $ 7 of gross profit?
Trouble is, VERB's fixed costs are over $ 30,000 each and every business day.
VERB. NASDAQ listed. LOL.
He also doesn't know the difference between boarder and border.
I know a guy who was an independent Boars Head route guy decades ago. In the Bronx.
The stories he tells about selling products to the bodegas and trying to get paid are pretty entertaining.
And most of his collections were in cash so he was a ripe target for being held up. He told me about one incident where he hopped back into the cab of his truck and before he could close the door a gun was pointed at his head. They wanted the cash.
Fortunately his most recent cash pick up was small and when the robber demanded the rest of his money the driver handed over a pouch truck he set aside specifically to hand over to an armed thief. The pouch had a couple of hundred dollars in it.
he thousands from his other pickups were safety stashed in a freezer compartment in the back of the truck.
My favorite is in the 1980s and into the 90s he would call in to various radio shows using a pseudonym (John Barron was one he used a lot) and would say complementary things about "that guy Donald Trump." He would also provide anonymous tips to the NYC gossip columnists trying to get his name in the paper.
A turd then and a bigger turd now.
Based on a personal observation or just conjecture?
If only someone would colorize episodes of "Mr. Ed" I'm sure TFG would start yammering about talking horses at his next rally.
That isn't true at all.
TFG conjures up lies all the time, whether it's the value of Mar-A-Shithole, how he "never even met that woman," the height of his buildings or the polls that said he won the debate with Harris in a bigly way. Those lies came out of his own swiss cheese brain as did thousands of others.