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You should demand a refund!
Gotcha. OS info I saw was as of March 31, 2024.
The constant dilution is necessary to keep up with Rory's profligate spending. And a reminder that the millions received from the sale of the SaaS business was originally slated to fund the purchase of a revenue producing company. Instead the money went to cover ongoing expenses and to pay back money that Rory loaned to Verb.
Money put into the company by equity holders is long gone. Rory doesn't give a rat's arse about them. It's the new money people that he covets.
At the time Rory made this Tweet promising to reward patient shareholders, the stock was priced at a split adjusted $ 42.
At the time of the tweet there were around 1 million shares outstanding (accounting for the 2023 reverse split). Now there are nearly 80 million shares outstanding.
Rory's promises are as fake as those bleached planks he has in his mouth.
I think it's rather certain that the South Dakota State Police have a detail that protects her 24x7. I can't imagine any Governor not having that kind of protection.
I'm sure the SEC has plenty of time for that. Sadly, Rory took down the Sheriff video. That was comedy gold. Anyone who took their money and ran away when that video came out would have preserved 99.9999% of their capital. For that matter, anyone who saw Rory complain about naked shorts and ran would have saved themselves from a near total loss.
What a sobbing snowflake he is.
Well, yes. But none of the serial failures are Rory's fault. Lots of factors are aligned to sabotage his brilliant idea and flawless execution.
Illegal shorters for one. Message board bashers for another.
It's just so incredibly unfair.
/s
Well, that's not entirely accurate. The company exists to
a) Stroke Rory's ego as a serial entrepreneur. After racking up a $ 180 million shareholder deficit you might think he'd just accept the fact that he in actually a serial failure. But nope. If suckers are going to throw money into the pit then Rory is more than happy to burn it for them.
b) Put LOTS of money into Rory's pocket. Last time I checked his total compensation was over $ 800,000 for the year.
c) Put money into the pockets of the remaining members of the BOD. Over $ 1 million paid for them to do absolutely nothing other than watch Rory fail time after time.
At least it should be crystal clear that Rory couldn't care a single F about existing shareholders. As with OTC CEOs, Rory took your money and spent it - on himself, on Board "expenses" and on ill conceived and poorly executed ventures. Those suckers no longer matter to him.
When the RS that didn't reduce the AS took place everyone should have known that Rory intended to dilute the snot out of anyone who owned a piece of the company already. It's been happening and it will continue to happen.
Those, particularly on the "other board" who continue to have hope that Rory cares about them are living in a dream world. But those are EXACTLY the kinds of people that Rory needs to buy his new shares so he can continue to draw a ridiculously high salary for turning money into ash.
I like this part (note that all amounts are in thousands):
If Rory says something, it's a lie.
This sea lion is such a ham:
This is the best photo shoot... 😂pic.twitter.com/frt4VejNYM
— Figen (@TheFigen_) May 10, 2024
Be sure to catch one of the 3 livestreams on Market.live tomorrow because after that the site goes dormant for a 5 day "weekend." Followed by a monsta week of 3 livestreams next week. One Tuesday and two on Wednesday followed by yet another 5 day "weekend."
And then...the following week a total of *2* livestreams.
And it's all the same drivel. Margot, Ali, Doll10 and Drew Dorsey. Despite Rory's promises of new signups that were going to flood the platform with constant livestreams, they've got 4 survivors.
Not even crackhead Mike Lindell or Frankie Avalon are around any longer.
If only Desmond Tutu was alive to request this.
Cartman is right about the "you must like boys" thing.
In the late 1980s I met with a prospective customer in NYC's West Village. The owner of the company was clearly trans-gender: about 6 foot 4 and looked like a dude, but was dressed as a woman and had a feminine first name (which I don't recall). I was a little startled, but whatever.
We never did business together, which was fine, but a year or so later I was flipping channels on TV and there she was on a show that highlighted a river cruise on the Hudson that was organization by a group of lesbians. And there she was, as the leader of that organization.
I currently have a customer that was a man at one point, but became a woman. A couple of years ago I read a newspaper article about her transition from being a man (and father of two children) to becoming a woman. She is still married to the mother of those children.
Whatever makes people happy.
Assuming the photos aren't satire (or where a crew just found a dopes and got them to pose for these photos) then it's safe to assume that TFG isn't pushing back against the notion that he wears diapers.
Better to get out ahead of the reveal, it seems.
What a time to be alive.
I was watching a recent episode of John Oliver's "This Week Tonight" where he discussed UFOs.
They included lots of clips where people described the flying saucers and other unexplained objects that they saw in the sky. John Chancellor, who was the anchor of the NBC Nightly News back in the day chuckled as he read the account of someone who had seen a flying saucer, which the observer said was conveniently marked with the letters "UFO" on the side.
You spend enough time volleying with OTC "playas."
Use your imagination, Janice!
NY TIMES OPINION gifted article: The Exit Interviews - Twelve departing lawmakers tell us what Congress is really like.
https://www.nytimes.com/interactive/2024/04/30/opinion/congress-resignations.html?unlocked_article_code=1.pk0.7pXw.Wh8TTwcyPhyZ&smid=nytcore-ios-share&referringSource=articleShare
Alive only externally. Inside? Dead.
The largely inaptly named History Channel runs the series "The Food that Built America." They did an episode that focused on the Boiardi brothers:
I find the series to be a balance between interesting, corny and annoying. There's something about Adam Richman that I find distasteful. Pun intended.
https://www.history.com/shows/the-food-that-built-america/season-3/episode-12
Watched some of this Rory and the laughing hyena video:
So Market.live is having a 24 hour "Market Mayhem" event. Will it be as successful last summer's ShopFest? LOL.
I love the Jeep give-away:
Reminder: Rory was recently given a new multi-year contract. The Board thinks he's doing a great job.
What is the tie between VYST and BF Borgers? According to the link below, their auditor for the last 3 years was Macias Gini & O'Connell LLP.
https://pcaobus.org/resources/auditorsearch/issuers/?issuerid=294897&issuercik=1308027
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):
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.
Here is something to ponder. Our pal Redspeed over on IHangout is spreading propaganda about how much better Market.Live is vs. CommentSold. Well, CommentSold says their platform has been used to move more than $3 BILLION in merchandise - GMV. What is the GMV for items sold on Market? Less than $ 100k most likely and almost all of those goods were purchased by shareholders thinking they are doing the company a favor by using the platform to make purchases.
But the most curious thing is a statement on the CommentSold web site:
CommentSold offers the only U.S. e-commerce integration for live selling on TikTok. Even better—we’re the only technology solution that powers multichannel live sales across TikTok, Facebook, Instagram, and your website, mobile app, and Shopify website simultaneously!
If what Rory is leading everyone to believe is true, how can CommentSold's statement be true? Why wouldn't Rory have his Corporate Counsel send a letter to CS demanding that they take down this statement.
Unless what CommentSold has on their web site IS true, in which case Rory is a liar. Again.
Source: https://try.commentsold.com/sell-everywhere/tiktok/
"If I average down enough I will eventually break even."
No...that's not true at all.
As bagholders always say :"I don't look to the past...I look to the future."
And the definition of insanity is...
LOL. Rory is the king of bullsh*t and only telling half the story.
Indeed he was able to shore up the balance sheet to meet NASDAQ's Capital Requirements.
Weighted average number of common shares outstanding – basic and diluted
As of 12/31/2022: 2,427,044
As of 12/31/2023: 6,798,972
Pity the poor shareholders who hung in there. They got slaughtered. With the next RS and subsequent share price drop they will be virtually wiped out.
You raise a really interesting issue. What is Verb's product now?
Market.live is fading into oblivion (although in fairness, it never made it out of oblivion). The upcoming livestream schedule (save for an event at noon eastern today) are the same sellers over and over. Look at the schedule for the week of May 13th. Drew Dorsey on Tuesday, Margot and Doll10 on Wednesday. That's it. For the entire week. Then nothing again until Drew reappears the following Tuesday followed by Margot and Doll10 on Wednesday. Then nothing until Drew reappears the following Tuesday. Wash, rinse, repeat.
It seems that Verb now considers itself some sort of consulting company that will guide TikTok Shop sellers on how to get started selling. They will also provide studio space and infrastructure (cameras, lights, internet connection) for those who are near a Verb studio in LA. or Philadelphia. Verb has no experience doing this and yet they fashion themselves as "experts" in on-line selling.
That's it. That's the business.
Verb will have virtually no revenue and yet they still have substantial fixed costs because of the studio/office space, 20 or so employees and a CEO who draws compensation nearing 7 figures.
Despite what Rory has said (because if he's talking, he's lying) the company doesn't have enough cash to sustain itself for the next 12+ months. He spends money like it's water and they will be back to try another capital raise before the end of 2024. That is, unless he pivots for the nth time, jettisons the studio space and more employees and picks a new business model.
They are in Crystal Lake, Iowa. In the middle nowhere. Google Maps shows that the SPAM museum is just over the Minnesota border from Crystal Lake. It might be worth a visit: https://www.spam.com/museum
All this talk about starving students at Columbia has me wondering...whatever happened to the trucker boycott of NYC that was announced following TFG's indictment or was it one of the E Jean Carroll verdicts? I've lost track. The truckers were promising that NYers would be walking along the streets naked and scavenging for morsels in Central Park.
I haven't been in NYC for a while. Is that what is happening there? Can a NYC resident please check in???
Market.live added more livestreams to the schedule.
After Ali's final show on May 8 there are just 3 streamers remaining on the platform:
Doll 10
Drew Dorsey
Margot
For years Rory has been promising all kinds of new creators and influencers (remember "Calling All Creators" ??). A few have shown up for one or two appearances but none of them stay because they quickly learn that a) Market gets no eyeballs b) It's a waste of their time because no one buys anything. Even Crackhead Mike Lindell knows this...and he's a dope.
Market.live is another of Rory's bright ideas goes down in flames.
The TikTok Shop nonsense will be no different.
But as long as Rory continues to collect his nearly 7 figure salary he's just along for the ride.
Oh, right...the balloon tunnel and the couches. How could I ignore those? And the guy painting Flintstones characters. I'm sure Hanna Barbera will be happy to see that Copyright violation.
Never underestimate Rory's penchant for hyperbole, exaggeration and...lying.
TikTok Shop provides a list of its partners on its web site. Why isn't Market.live (or Verb, or bboth) listed?
https://business.tiktokshop.com/gb/outstanding-partners
You're right. This is another pivot.
It looks like Verb is counting on fees they get to help people onto the TikTok Shop platform. No revenue to Verb for a percentage of the sales or for fulfillment services (which was a joke to being with).
And Verb is just one of many companies providing the same service. Nothing unique here.
Rory is a liar.
Be sure to watch the video. No way there are 300 people there unless Rory is including the people who are working the event. And even then it looks like fewer than 100. He's a liar.
If there was anything good to report you know that Rory would have done so the evening of the event.
Instead...CRICKETS.
Rory is the kind of hyperbole. I recently rewatched his appearance on uber narcissist David Melzer's season 1 videocast. Rory was talking up all the great things coming down the pike and how soon to be announced products were going to blow people's minds.
Yeah. Well that never happened.
Look up failure in the dictionary and you will see Rory's picture. Good thing the BOD gave him a new multi-year contract. He ain't done losing yet!