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Good point.
I guess I assumed we could find more substance in the market supporting it.
I think a road to success is very possible, but it will just take several more quarters and much more investment, based on what we have seen (unless it changes).
We investors aren’t here for the company to break even at $20 or $25 Million.
If we need to raise capital again, I would be less worried about dilution if there was a aggressive PR campaign to support/raise company and share price vs status quo and lower & lower offering prices. It’s almost a 100% guarantee to another reverse split IF it continues many more times.
I don’t know whether they deserve what they are getting, less or more, because I don’t know anything happening behind the scenes.
I don’t, you don’t.
I hope they deserve every penny the get however.
That’s a very subjective question based on who you ask and when. None of us know with certainty.
I don’t think it would be wise for Rory and team to allow shareholders to ask tough questions. Not good marketing or branding for VERB.
At the current and recent burn rate and financings at low pps, I would think insiders know better than us if/when another financing is needed.
Moreover, insiders and BOD can always get issued new shares with or without reverse split. Investors have to pay with cash however.
It’s just a reality of stock market economics.
I doubt any retail investors questions will be addressed in Q/A for quarterly, as they haven’t in the past.
I agree short and sweet is the best for today’s attention span.
I have yet to get past the 2-4 minute mark on most video’s (including master class).
Tax loss selling and holidays will also depress share price IMHO, unless something momentous happens.
As I’ve mentioned, if further financings are needed (which seems likely IMO), the outstanding share count might require another reverse split sadly.
I am not saying it will happen, but unless VERB begins to really gain traction and momentum very soon, it becomes more likely.
I think back to what was intended vs what has occurred and see a huge gap myself. Moreover, no significant 8K’s with Salesforce/Microsoft or others BIG Names since up list, which would signify material opportunity.
I still hope things will pivot, but do not see a pathway forward to a much higher share price currently based on what investors know and what the company has shared.
Thinking it will be another “non event”
Did anyone see any VERB interactive videos during the election cycle? I did not, but am curious if they had any candidates use the technology. I know that was their intent.
I would rather see share price appreciate because of consistent and regular positive news, financials and technology momentum.
I would abstain from promoting November 16th as some sort of exciting date for us, unless you desire the share price to retract further.
Being honest. We are better served not doing such things as ultimately each successive quarterly report has only had a negative impact on share price. Just look back and compare the two to see.
Crazy is doing the same thing over and over and expecting a different result.
Yes. Absolutely.
I agree, but my guess is this is the only pathway to growth currently.
My hope was Nancy Heinen and Judy Hammerschmidt (and the other board and advisory board members) would be connecting us to those bigger fish. Either:
1) They haven’t connected us;
2) They have and nothing has happened;
3) They have and the technology hasn’t impressed;
4) They have and the technology impressed, but it will take time to negotiate a deal quietly and execute a partnership plan.
Pick your poison from those choices.
Not even 100,000 shares traded today.
Seems less and less trading every day and my worry is without a strategic plan to increase brand awareness and share price, continued financings at lower and lower prices will also increase likelihood of another potential reverse split.
I know many will say “Salesforce had at least two reverse splits” which is true, but we could be much better than many of our contemporaries if we plan and execute better than they did, knowing the mistakes of our peers.
Just my two cents.
Just over 7 more weeks until 2021. Where’d 2020 go?
The extreme quiet since up-listing to NASDAQ has been quite disappointing for many of us long term investors.
I will say that without any PR’s (or IR strategy) it becomes infinitely easier for VERB to move forward with future financings when needed, as no promises or information to the contrary has been provided to investors. The downside of course is those financings become more dilutive, as we have seen.
I’m still holding as are many longs, but focused more on 2022.
To many loyal shareholders dismay, this is highly possible and probable if continued silence persists.
For the record, I wish it wasn’t so.
Listened to the GCFF virtual conference. Nothing new or exciting to report.
Salesforce marketing has just begun a few weeks ago and Rory said we might see some impact of that reflected 4th quarter 2020 results next year.
Rory said Microsoft Outlook to roll out sometime 1st quarter 2021 (anticipating much later than that based on past precedent).
Unless something bigger is brewing, which I am doubtful of, not seeing much excitement here for investors this year and into at least 2nd or 3rd quarter 2021.
The new hires we have brought on will take at least 8-12 months to reel in something really exciting. The question is once we land something exciting, how long will it take to build it out (like Salesforce, Microsoft, etc).
I am not as much worried about how much cash is left. More interested in progress and future momentum/opportunity.
Hoping for “dog whistle” that proves everything falling in place as “intended” and market awareness and adoption of interactive video based CRM and Live Streaming is indeed happening.
I’m not sure if VERBLive is even out.
Does anyone know of any timelines for catalysts that may positively impact share price here?
I know in February/March folks were saying it was only weeks until the full scale launch of VERBLive. Not sure we’re that stands.
Also, as holidays and year end tax selling comes into focus share price most likely will drop more and more without something remotely interesting to attract savers/investors.
Curious what others are hearing, or is managements goal to start from scratch in 2021/2022?
Understood.
That must be the reason they stopped communicating with retail investors. Good intentions don’t pay bills or make folks wealthy.
Thanks.
1) Over the last 5 or so years, despite the numerous investor conferences that bBooth, nFusz and VERB have attended, I’m beginning to become concerned that we have almost nil investor interest.
2) Moreover, with many, many clients PR’d in the last 5 years (you can look them up) I am beginning to become concerned that I haven’t seen any of VERB’s interactive video in the market place or seen revenue increases.
3) Lastly, despite being told that many great things are coming (and I won’t even go back beyond NASDAQ up-listing 20 months ago) like Salesforce, Microsoft, Odoo, VERBLive, VERBLearn etc...the share price is trading at all time lows and seems to only drift lower, (less than $.07 when you take into account the 15-1 reverse split.)
Many long term investors like me feel similarly and I wonder why execution has been so dismal?
I did.
He’s a marketing content writer for Salesforce.
We had Tal Golan working for us from Salesforce before who I think was much more than a content writer.
My point is, we are being featured with 12 other apps in this webinar. It appears they will be doing this frequently with all their other applications too. It’s nice, but certainly doesn’t “feel” like we have any special privileges or special partnership with Salesforce that everybody doesn’t have too.
Just my opinion, but based on what I had heard 36, 24,18 months ago from the company, I was expecting much much more than this.
This seems almost identical to the Oracle partnership? I thought this was very special?
It should be easy to remove the sales numbers attributed to our new acquisition and look through the lens of VERB’s execution quarter over quarter.
Uncertain myself, but we should know soon.
My guess is if we paid much more than “book value” it would be because some thought there is a compelling business case for terrific growth looking forward.
I would not anticipate revenue of that much personally, based on sale price.
$2 or $3 million in annual sales at a 2x multiplier would represent $4 - $6 million dollar sale price. About where the sale price ended up.
All my personal opinion.
I noticed on LinkedIn VERB video which featured Dennis McMurray and Tal Golan (no longer there).
I wonder if updated video will be created with the new employees hired?
$1.06/15=$.07 per share pre-reverse split.
Every shareholder received their proxy to vote.
I disagree with occasional PR’s, unless they are huge and material.
Just looking back and realized that only roughly 50% of shareholders voted in the last annual meeting.
That’s lower than ever before. Thoughts on why so few shareholders voted?
qualified:
Name Total Votes for Director Total Votes Withheld from Director Total Broker Non-Votes
Rory J. Cutaia 14,034,272 485,780 13,979,152
James P. Geiskopf 13,508,147 1,011,905 13,979,152
Phillip J. Bond 13,625,739 894,313 13,979,152
Kenneth S. Cragun 13,573,613 946,439 13,979,152
Nancy Heinen 14,194,889 325,163 13,979,152
Judith Hammerschmidt 14,189,833 330,219 13,979,152
Apologies, but I would hold off on speculation and see what if anything interesting is said in that quarterly.
2020 had not been what many large and loyal investors were expecting.
Not saying the future won’t be bright if we are able to generate some momentum. But, my guess is the recent new hires will take at minimum of 8-12 months to get some new deals on the books (hopefully bigger ones) and then VERB has to execute sales (if VERBLive is ready by then).
Could other things be happening? Maybe - but nothing requiring an 8K and not for the last 18 months.
The good news is that new investors can buy this stock very very cheaply now and probably until end of the year (and maybe beyond). Only 165,000 shares traded today.
The only way to increase investor interest now is really big financials (which I highly doubt this year) or real 8k news.
No sense in putting out occasional PR’s anymore (it’s a complete and utter waste of $$$ and just drives share price down) unless of course they plan on developing a consistent PR/IR strategy like other NASDAQ firms.
I have no problem with the extremely low share price at all, provided no new financings need to be done.
https://stocktwits.com/CUIN2/message/253305984
Lol. Uncertain.
Nothing to do but wait and see...or not.
Best.
I’ve said before, if it were easy, everyone would be a multi-millionaire or billionaire. But it’s not easy...it’s very very hard.
Inching closer and closer (unbeknownst to the world)
BIG NIGHT TONIGHT. In less than an hour I’ll take the stage in front of an audience of more than 150 prospective VERB investors in Penang, Malaysia to demonstrate our new VERB LIVE application and talk about the company.
BIG NIGHT TONIGHT. In less than an hour I’ll take the stage in front of an audience of more than 150 prospective VERB investors in Penang, Malaysia to demonstrate our new VERB LIVE application and talk about the company.
— Rory J. Cutaia (@RoryCutaia) March 3, 2020
This is the year we show everyone what we’ve created and nothing - not even a virus - is going to stop us from working to deliver the value all of you long, loyal and patient shareholders deserve.
This is the year we show everyone what we’ve created and nothing - not even a virus - is going to stop us from working to deliver the value all of you long, loyal and patient shareholders deserve.
— Rory J. Cutaia (@RoryCutaia) March 3, 2020
2020 is YOUR year. Together we’ve been through it ALL. They threw everything at us and we remained committed & unstoppable. The table is set, we’ve built the base of over 1M strong, we developed the game changing tech & now we’re going to show everyone how we monetize it.
— Rory J. Cutaia (@RoryCutaia) March 3, 2020