[The_Dohminator]

Rory keeps issuing shares to keep the scam going. It truly is that simple.

[Real McCoy]

How is this putrid garbage holding a 3M market cap? Something is off.

[dukeb]

The big holiday shopping season is here.

Amazon has 15 livestream shopping videos scheduled for Friday and 11 more on Saturday and Sunday.

You may ask, how many livestreams does Market have scheduled on Friday, Saturday and Sunday? The answer would be ZERO.

Not even crackhead Mike Lindell is doing a livestream on Market. In fact, the purported savior of Market, Crackhead Mike Lindell, doesn't have any livestreams scheduled on Market through the end of December.

No worries, though, because you can get lumpy pillows from Mike and many other highly questionable products by going to his livestreaming site: https://mystore.com/tv

[longrichard]

When next RS?

Who got the ice cream?

[bluesky70]

chain mail for girls on the go.

[longrichard]

Rory LOL

[dukeb]

I'd love to see a list of museums that are displaying these schlocky products. And how does one plan to be in more museums? Do they smash a window and toss the product inside?

Lumination products are also featured in 15 museums across the United States with plans to expand to over 35 museums by year-end.

[jobynimble]

https://www.globenewswire.com/en/news-release/2023/11/27/2786167/0/en/VERB-s-MARKET-live-Welcomes-Hot-Fashion-Brand-Lumination-to-Its-Livestream-Social-Shopping-Platform.html

[jobynimble]

No signs of insider buying, good time to average (way) down or nah?

[The_Dohminator]

It's all a scam. This is the same cycle Rory has been perputating since Market "opened".

[dukeb]

I went to several of the "new" seller web sites and noticed:

a) Some of them offer pricing on their own web site that is significantly less than the prices that are shown on the Market web site.

b) Nearly every one of these new vendors offers a big discount if you visit their web site and sign up for their mailing list.

These companies are using Market as a lead generation service. Customers who don't shop by price might pay extra to buy from Market (vs. the vendor's own site) on their initial purchase, but once that customer data is captured by the seller, you can be sure that the vendors will do everything possible to have repeat business go direct - no commission to VERB.

[jobynimble]

Me either, and I don’t see the point of the news, unless it’s another fluff attempt to create liquidity for Streeterville to dump, um sell, against the toxic convert…

[TenKay]

Never heard of a single one of them.

[jobynimble]

https://www.globenewswire.com/en/news-release/2023/11/20/2783168/0/en/VERB-s-MARKET-live-Expands-Vendor-Acquisition-With-15-More-Retailers-Joining-Its-Live-Social-Shopping-Platform.html

[longrichard]

Rory. Never trust his kind

[longrichard]

Together. Ice cream.

[dukeb]

Perhaps Rory is setting himself up for an exit.

New life in Vegas, baby.

[buenokite]

This is a loser due to the CEO - sell and preserve capital

[buenokite]

Rory took money from the company raise to pay himself back???? Proof even he does not believe in this company. Selling tomorrow to preserve whatever capital is left is the ONLY smart play

[Lockedreadytorock]

Seems to me I’ve picked another loser, adding to my losses 😫

[jobynimble]

They’re not accounting for shares issued after the filing period ended…

From Q3…

As of November 10, 2023, there were 16,408,287 shares of common stock, $0.0001 par value per share, outstanding.

From Q2…

As of August 8, 2023, there were 4,501,340 shares of common stock, $0.0001 par value per share, outstanding.

[dukeb]

iHub reports $ 945k. Google finance reports $ 961k. Yahoo finance reports $ 964k.

[trader59]

The O/S is over 16M shares, so the market cap would be $3-3.5 M

[Real McCoy]

Compounded DAILY when it would take 11 years to pay off only the principal and excluding all operating expenses at current revenue rates???

Can’t make this up.

[dukeb]

Go back to this February 2019 PR about (then NFUSZ) changing its name to VERB and preparing for a move to NASDAQ
https://labusinessjournal.com/technology/nfusz-becomes-verb-technology-plans-nasdaq-listing/

At the time the share price was $ 7.01 and the company market cap was $93 million. As I recall, Rory was saying how ridiculously low the share price was.

Since then the company did an RS of 1:40, so the February 2019 share price equivalent would be $ 280.40.

The shares are now under 22 cents.and the company market cap is under $ 1 million.

And through it all, Rory still has a job, issuing new shares and borrowing from toxic lenders.

But crackhead Mike Lindell is going to be the company savior.

[jobynimble]

Nice timing, Rory raises enough money through a toxic convert and the very next day pays himself what he’s owed…

Page 29

Debt Financing

On October 11, 2023, the Company entered into a note purchase agreement with Streeterville Capital, LLC (“Streeterville”) pursuant to which Streeterville purchased a promissory note (the “Note”) in the aggregate principal amount of $1.0 million (the “Note Offering”). The Note bears interest at 9.0% per annum compounded daily. The maturity date of the Note is 18 months from the date of its issuance. In connection with the Note Offering, verbMarketplace, LLC, a wholly-owned subsidiary of the Company, entered into a Guaranty, dated October 11, 2023, pursuant to which it guaranteed the obligations of the Company under the Note in exchange for receiving a portion of the proceeds.

Repayment of note payable – related party

On October 12, 2023, the Company repaid all of the outstanding principal and accrued interest amounting to $0.9 million from a December 2015 related party note issued by Mr. Cutaia.


Does it get any clearer, or still in denial?

[jobynimble]

And with the stock so cheap why aren’t any of the insiders buying on the open market?

And rather than taking the cash ($879,000-), why didn’t Rory convert it to more shares while the stock is (supposedly) so cheap?

[Real McCoy]

It makes total sense as the company’s runway is getting shorter and shorter. Do you realize they now have to sell the company 3X per quarter to stay afloat?if he sold shares as a CEO the runway would get even shorter and his compensation would end quicker.

And believe me, cash compensation is much more valuable to him than the speculative value of these practically worthless shares.

[jobynimble]

Read Note 14 from the Q…

Repayment of note payable – related party

On October 12, 2023, the Company repaid all of the outstanding principal and accrued interest amounting to $879 from a December 2015 related party note issued by Mr. Cutaia.

That’s $879,000, not chump change…

[JR30]

He’s getting his cash out while he can.

That makes absolutely no sense, but I guess that's the kind of advice one gets from a couch financial advisor. Why hasn't Rory sold any of his shares? I guess he's just wanting to get his "cash out while he can". LMAO!

Cash me outside, how bow dat?

[jobynimble]

For some reason it wasn’t on the SEC website when I checked several times last night and this morning, then it was there and then it wasn’t, now it’s there, something weird going on…

All filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001566610&owner=include&count=40&hidefilings=0

10-Q: https://www.sec.gov/Archives/edgar/data/1566610/000149315223041280/0001493152-23-041280-index.htm

[TenKay]

It’s on Edgar the last I checked. What shows up on OTCM is simply that filing to Edgar. Nothing is actually uploaded to OTCM by the company.

[jobynimble]

And why file the Q on OTCmarkets and not sec.gov?

https://www.otcmarkets.com/stock/VERB/disclosure

Is Rory contemplating filing to become a non-reporter with the SEC to save filing fees?

[jobynimble]

Do you seriously still think Rory has your best interest in mind after reading the quarterly, paying himself from another toxic financing?

[Anvil]

Was thinking the same thing, esentially the new Streeterville $1MM financing went to pay off rory. Rory and Board suck

[jobynimble]

He’s getting his cash out while he can.

Yes, by issuing toxic converts and screwing common shareholders with even more dilution…

How can any loyal shareholder left still support this travesty?

[TenKay]

He’s getting his cash out while he can.

[Real McCoy]

Saying this company’s financial condition is poor is extremely generous.

It is not a going concern in almost any way.

[Anvil]

Found this nugget in the 10Q. Despite the company's poor financial condition, old rory decides to repay his loan.

Repayment of note payable – related party



On October 12, 2023, the Company repaid all of the outstanding principal and accrued interest amounting to $879 from a December 2015 related party note issued by Mr. Cutaia

.

[JibJabber]

Get ready to turn off the lights. Verb's party is almost over. .

[Real McCoy]

Current liabilities are 8M with current assets a little over 1M.

And the company is now selling shares in multiples of its own market cap while generating literally no revenue.

This is penny stock madness.

They should be shut down.

[dukeb]

on June 13, 2023 we disposed of all of the operating SaaS assets of Verb Direct, LLC and Verb Acquisition Co., LLC pursuant to an asset purchase agreement in consideration of the sum of $6,500, $4,750 of which was paid in cash by the buyer at the closing of the transaction.

The company ended the quarter with less than $1 million in cash. And the company issued new shares.

So where did the $ 4.75 million received from the sale of the CRM business go?? At the time of the sale the company said that it was likely going to use most of the proceeds in order to purchase a revenue generating business.

Looks like they have higher priorities such as paying back loans that Rory gave to the company:

Repayment of note payable – related party
On October 12, 2023, the Company repaid all of the outstanding principal and accrued interest amounting to $879 from a December 2015 related party note issued by Mr. Cutaia.

And now we learn that Rory is subleasing space in his Las Vegas pad.

Sublease agreement – related party
On November 1, 2023, the Company entered into a corporate office sublease agreement with Mr. Cutaia for its executive office in Las Vegas, Nevada.

Not long ago the company announced that it signed a new office lease in southern California.

Rory continues to spend shareholder money as if it was his own piggybank.

[Real McCoy]

OMG

How is this not the end?

[trader59]

https://www.otcmarkets.com/filing/html?id=17058167&guid=ekJ-kFm2KSHRB3h

12M shares issued, quadrupling the O/S, $29k in revenues.

[The_Dohminator]

That's exactly what they used it for. And to line their pockets.

[Real McCoy]

Seems like they’re just gonna put out awful financials tomorrow on the down low, or worse, act like it’s very reasonable that they need an extension to report their few thousand dollars in revenue with current liabilities dwarfing current assets.

For a company that has flirted with “scam” status, they sure don’t do themselves any favors.

[Anvil]

Miss the old quarterly conf. calls. XYC for X firm, “congrats on the quarter” lmao

[dukeb]

It would be nice for the Company to reveal what is happening with the $5 million in cash that they received upon the sale of the CRM business. The "plans" announced were to acquire an unnamed revenue producing company. If it turns out that the money is just being used to pay monthly expenses well...

[Real McCoy]

Thank you.

Not sure how much runway can be left with what I assume the balance sheet and revenue situation will be.