Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
And...the mushroom is always invited to the best parties. Because he's a fungi.
Like the guy who set up a stand on the street corner selling apples for $100 each. He just needs to sell one a day.
I popped into another livestream earlier this afternoon. The number of people tuned in was *5*. Subtracting me and Verb people monitoring the stream and the actual number of people watching was 1 or 2 at best.
I'm trying to get onto the 2pm (eastern) livestream now with the two obnoxious jerks. Apparently they failed to show up because the stream isn't running.
Rory is doing a great job for shareholders.
Tune in to find out. Jakoby says there are *9* people watching. Bring it up to 10, Jolly.
The product that Jakoby is featuring right now costs $ 36.74 at Walmart with free shipping.
Editing to add: the slicer isn't working. He's skipping the finger guard to get it to work. No wonder Walmart shoppers have rated it 2 stars. And Jakoby has already told us that he's loaded up on Tylenol and he may pass out!
The exact same product costs $ 70.99 (with free shipping) at Market.
Just a few minutes until you can tune in on Market.Live to watch Jakoby make a sandwich!
I don't know if it was the company dumping shares into the market or not, but if history is any guide, it surely was.
After 20+ years in business, the company still has no meaningful revenue, despite Mark's periodic representations that "big contracts have been signed."
Everything that Mark says is a lie. And with him and the two other cronies drawing huge salaries (and apparently several of their children are now on the payroll - because why not?), that cash has to come from somewhere and it ain't coming from customers of their products.
CFGN is a market maker, noted as being a broker dealer that helps companies dump shares into the market.
Market.live taking another 3 day weekend...because no one has time to watch livestreams on Friday, Saturday or Sunday.
And Monday has one livestream scheduled where Jakoby (who seems like a very nice guy, albeit quite the sad sack) will be showing people how to make...wait for it...a sandwich.
That kind of intriguing content will surely cause the money to start rolling in (pun intended).
On its surface, a dividend of 10% doesn't sound onerous, but we'll have to wait for TenKey to provide his opinion on the T&Cs of the offering.
Based on Streeterville's track record, it seems unlikely that they would lend money to such a Dumpster fire as VERB at anything less than a usurious interest rate.
And you can be sure, as always, that Rory will piss away the $3 million just as he's pissed away hundreds of millions of investor money over the last few years.
Maybe the sell orders referred to are people trying to sell their shares?
Doesn't Musk own 100% of X?
I haven't been keeping track of the "big hires" and "rainmakers" that Rory has hired over the years. I recall that Kate who came to VERB from QVC left over a year ago. The reason for her departure was said to be health related, but later Kate said that she was perfectly fine and she just chose to move on. Because who would want to stay on the stinking/sinking ship? Answer: People without other options.
Rory supposedly make millions when the tech company he was involved with was sold. I don't understand why he would have lived in a sub-par apartment.
The company terminated the lease in Newport Beach a few months ago. The official corporate HQ are now located in a Las Vegas condo where Rory resides. The company is leasing space in Los Angeles where they have studios to do livestreams.
At least one of the Utah brothers is involved in a new software venture that targets the same Multi Level Marketing (aka Pyramid Scheme) schmucks that that their former company (Sound Concepts) lured in.
I'm starting to think this Rory guy is a bit irresponsible with shareholder money.
Makes sense. Tots are pretty much fried potatoes and grated onion, right? Same as hash browns.
You can buy frozen tater tots in the supermarket. Toss them into an air fryer / convection oven and....
TOTS!
While elderly drivers aren't typically driving at high speed and causing major wrecks, they do more than their fair share of properly damage as they tend to bump into other vehicles when driving.
I was in a meeting a while back where someone asked about parking in a particular area. The individual was warned not to park there because a senior citizen get together was scheduled a short time later. History was that the lot turned into a game of bumper cars as the past-their-prime drivers would pull in and out of parking spots.
The meeting attendee ran out and moved his car.
Can we please add "witchhunt" to the list of forbidden words?
I guess people have nothing better to do.
Some years back a Sonic Drive Thru came to a nearby town. For several weeks after the grand opening they had to hire off duty police officers to keep traffic off the adjacent highway since the line of cars waiting to patronize the place was backing into the travel lanes.
These days the place is begging for business.
As I read your post I was getting very concerned that the RV Resort was a nudist colony for seniors.
https://en.wiktionary.org/wiki/happy_trail#:~:text=happy%20trail%20(plural%20happy%20trails,from%20pubic%20hair%20to%20navel.
I'd suggest that Junior came to the realization that Daddy would cut him out of the will if he continued to snub his father.
Such a mystery
She just needs to lie about where she lives. Tommy Tuberville lives in Florida, yet he is a Senator representing Alabama. And Mark Meadows claimed to live in a trailer in North Carolina.
It's not like she has any moral objection to lying.
The company always need fresh cash to pay salaries.
NOM NOM NOM NOM.
Other than the momentarily blip where Microsoft paid a licensing fee to (then SFOR) to kill the patent infringement lawsuit, the stories have been pretty much the same for the last 20 years.
Says Mark Kay: "Big deals coming next year. We can't say too much and we know that we've said this before, but this time I have a really good feeling!"
Mark in private: "I just shut them up for another 12 months. This will l keep the scam going so I can collect my generous paycheck and benefits. What a bunch of saps!"
One more change over the last 18 months or so is how Onstream Media sued ZRFY for patent infringement. Per the notes to the financials: The above Onstream litigation has been resolved subject to a Confidential License and Settlement Agreement.
Oh the irony.
Is Rory planning to sell? What is there to sell?
The balance sheet doesn't list any intellectual property (patents or copyrights trademarks). There is $ 4.5 million of capitalized software development costs, but that's just money that Rory has pissed away that hasn't hit the P&L yet.
Note this gem:
In August 2021, the Company entered into a term sheet that provided the Company the option to purchase the Primary Contractor provided certain conditions are met. In November 2021, the Company exercised this option. The Company and the Primary Contractor subsequently reached an agreement-in-principle on the terms for the Company’s acquisition of the Primary Contractor, the final consummation of which is subject to the execution of a share purchase agreement (the “SPA”) and the completion of an audit of the Primary Contractor that is satisfactory to the Company (the “Primary Contractor Audit”), as well as the fulfillment by the Primary Contractor of certain other conditions set forth in the term sheet. The term sheet stipulates that if the Company had entered into the SPA and the Primary Contractor had the Primary Contractor Audit successfully completed prior to May 22, 2022 (or a subsequent mutually agreed upon date) and the Company thereafter determines not to consummate the acquisition of the Primary Contractor, the Company would have been liable for a $1,000 break-up fee payable to the Primary Contractor. However, as of May 22, 2022, the SPA had not been executed and the Primary Contractor Audit was not completed. The parties are still working together and in discussions regarding the transaction. Based on the term sheet, the purchase price for the Primary Contractor would have been $12,000, which could be paid in cash and/or stock, although the final terms of the acquisition if pursued will be set forth in the final executed SPA. There can be no assurance that the acquisition will be completed on the terms set forth in the term sheet or at all.
They've supposedly been working on an agreement to buy the underlying technology used on the Market platform (presumably the company being Viimmi) but after more than 2 years they haven't struck a deal. And Rory put VERB on the hook for a $ 1 million break-up fee (amounts shown in the paragraph above are in thousands) if the deal is called off.
In my area many towns and counties are either constructing new pickleball courts or converting existing tennis courts.
My town spent tens of thousands extra to purchase noise deadening "blankets" that surround the pickleball courts on 3 sides to keep the noise level down. I took a walk through the area on Christmas morning and the courts were all full. On the sides where the blankets were present the noise was very muffled. On the one unprotected side (that faces a football field) the sound of the PING was quite prominent.
Indeed there was a "first" pickleball channel. I invested in it. Lost everything. Turned out to be a total racquet.
Perhaps try checking Mark's couch cushions for your money.
The acquisition was announced right after the company received millions upon sale of the SAAS business. They had the cash at that moment. The question was how Rory would squander it.
It will also be interesting to see how much of the debt that was repaid was money owed to Rory. It could turn out that a good chunk of the money VERB received for the SAAS business went to Rory rather than to acquire the revenue producing company.
My earlier post commenting on Rory's year end letter included financial information for another company's filings.
Please disregard.
Be sure to read Rory's year end letter to shareholders! It's classic Rory pivoting and bullshitting.
The long anticipated deal to acquire a revenue generating company is off the table. Fell through. But what happened to the millions of dollars that were earmarked for that purchase? The September 30, 2023 balance sheet shows that the company has $ 34,000 in cash. WTF Rory?
The letter states In the past 6 months, we paid-down approximately $5.5 million in debt, representing a 66% reduction.. The September 30 balance sheet shows that total liabilities (removing the derivative liabilities) are still up from 2022. There could have been a pay down of debt since September 30. We will have to wait until the next quarter end. We know that Rory took a good chunk of cash to pay debt owned to HIM.
Ending with the classic "it's always someone else's fault that our stock price is in the trash"
Of course I recognize that we are all disappointed with the current share price caused by a combination of unprecedented, prolonged poor capital markets conditions and the corresponding machinations of bad actors.
I stopped trading because I don't have the time to do company research. Besides, I think it's been proven that, especially when considering the tax implications, most investors would be better off in broad market index funds. So that's where I sit.
I have an acquaintance who's a broker and he will occasionally suggest that I give him some money to invest on my behalf. In particular he had a beaten down tech play that he thought was interesting. I watched it go up by about 20% in a matter of a few weeks and kicked myself a bit for not acting. Then the company came out a quarterly that missed both revenue and profit targets and laid out a gloomy picture for the coming year or two. The stock immediately dropped below the level where I started matching it.
So any thought of actively trading went out the window once again.
Market frequently cites its "partnership" with brands such as Target, Athleta and Best Buy and yet still the company generates almost no revenue. I just popped in on a Market livestream show. Including me, there are 5 people watching. Subtract the people employed by Verb who are tuned in to monitor the status and there might be 1 or 2 people watching. Or maybe someone has set up their computer so their cat can watch.
The company is a joke.
Not an engineer. That video (and there are several similar ones) have been around for a while. I watch it every so often when I want to be dazzled by bullshit.
As Jerry Seinfeld would ask..."Who are these people?"
Other than traders looking to make some beer money when a poor sap buys on the ask, I think pretty much everyone knows that this is a scam and will admit it.
Omitting than the 3 amigos, of course.
So the 3rd quarter financials have been uploaded to EDGAR.
The good news is that all the hard work that Mark and the team have been putting in seems too have paid off. /s
Revenues for the quarter were actually UP year-over-year. From $ 22K in the quarter last year all the way up to...$ 25K in the quarter this year. Sadly, revenues for the 9 month period decreased from 2022 to 2023. But no matter, since revenues here are just an afterthought anyway.
The loss from operations was over $ 500k for the quarter (down from $ 1.2 million in the same quarter last year) and for the 9 months the loss was "only" $ 2.5 million, down from $ 6.6 million in the same period last year.
The company continues to need influxes of cash. There were only $ 37k in current assets ($ 34k of that in cash) while current liabilities were at $ 17.5 million, an increase from last year. Accounts payable alone is $ 1.2 million. The balance sheet also shows that several notes are in default of repayment terms. No surprise there.
The big "no news" is no word on the super duper customer deal that was in the pipeline. The name of that customer was supposed to be revealed months ago, but alas, Mark has proven to be a liar once again. The subsequent events section of the 8K just talks about the issuance of new shares - to pay a consulting bill and to bring in cash (because Mark and his crackerjack team need to get paid or else they might....leave?????).
Another disastrous quarter for a company whose very existence is solely to put money into the pockets of the 3 amigos and, per a prior post, to put money into the pockets of their sons. A true multi-generational scam.
It was George Santos, wasn't it?
I once knew someone who lived in Brazil for quite awhile.