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Might you be willing to share the reason you believe that ZRFYwill generate $ 101k a month in revenue?
the question is how long till they generate $101k a month to stop dilution my estimate is 3 to 4 months.
Easy answer: bake sale. Rory's memaw has a recipe for the world's greatest chocolate chip cookies. Rory has put together a team of KILLER cookies sales reps who are gonna move product!
Rory even has a special arrangement with the Pittsburgh Penguins to sell two of memaw's CC cookies with vanilla ice cream in the middle.
How are they gonna pay off 6.4M generating de minimus revenue and with the whole company’s stock worth 1M?
A "means test" has been part of the SS discussion for quite a while.
When I first started my first business decades ago, my accountant's advice was to take as little money in salary as possible without drawing the ire of the IRS. That's the money on which SS and Medicare are taxed. As far back as the early 1980s he was of the opinion that SS either wouldn't exist or would be means tested.
Current shareholders are just roadkill on Rory's road to redemption.
That you and others will be (nearly) wiped out completely isn't a factor moving forward. The last Q showed that SG&A was still running almost $1 million a month, with revenue of $ 1,000 a month.
The $3.5 in cash as of June 30, 2023 was spent long ago.
Rory is busy trying to figure out the best way to re-fill the kitty. His reputation as a big spending blowhard who repeatedly kills shareholder value makes selling stock increasingly difficult.
Right. Note 14 mentions the new space in Southern California, but there is no mention of moving the corporate offices to Las Vegas.
Didn't Rory recently rent new office space in Southern California?
The most recently filing lists the executive offices as being located at: 2700 S Las Vegas Blvd, Suite 2301 Las Vegas, Nevada.
Apparently I’m barley wrong!
He certainly is. The revenue generated by this Dumpster fire is negligible, yet Mark has figured out how to line up toxic financing that will put cash into his pocket.
The occasional PRs are an effort to keep all the spinning plates from falling to the floor.
Oops. My bad. I was looking at the filing dates of another trash company that I follow.
Thanks for the correction.
Mark learned long ago that he can lie with impunity. His goal is to keep his fat paychecks funded.
That's it.
The 3rd quarter Q may be due soon, but that doesn't mean that it will be filed on time. The 2nd quarter filing was 2 months late.
“Launching a new feature like Room Lock is always exciting,” says Mark L. Kay, CEO of Zerify, “but launching it in Tennessee’s District 9 Court system elevates that excitement to a whole new level,” says Kay. “If you would have asked me six months ago, I would have thought that every video conferencing vendor would have had a feature like this already in place.
Mark is lying. The other major video solutions have included a Room Lock feature for years.
New Jersey Senator Bob Menendez should resign...
Holy shit. This new ad calling on Senator Bob Menendez to resign is incredible lol. pic.twitter.com/hoFpMyWSIN
— Adam Parkhomenko (@AdamParkhomenko) November 7, 2023
The entire paragraph makes zero sense.
Is Rory suggesting that MARKET is going to inventory products for all of these vendors and handle the fulfillment burden? That's a tall order and is something that Amazon has been pushing hard for all of its sellers. Look at the infrastructure costs required to make all of that happen. VERB has the resources to mimic Amazon's business model?
And how long ago was it that Rory decided that one of the pieces of Sound Concepts that had to go was fulfillment of welcome kits? Holding inventory and shipping kits to new customers was considered a burden then. Now that is the future of VERB?
Rory's OTC roots are showing. All these partnerships and integrations are just lovely. But will they generate revenue?
Prior integrations have been with Microsoft, Oracle, Salesforce Marketo and others. The CRM business continued to shrink.
Prior partnerships with major sports franchises such as the Pittsburgh Penguins and the Pittsburgh Pirates amounted to ZERO revenue.
All the vendors that Rory is now touting have their own fully functioning web sites where shoppers can buy whatever they wish and get promotional deals to boot.
What value add is there to making a purchase on Market? Adding another layer of overhead and more hassle if a customer wants to return something?
Rory is a gasbag.
And then you have states like Indiana that have some counties in the eastern time zone and others that are in the central time zone.
I enjoyed this comment. In context, of course.
Because some people complained about having to turn on lights when they didn’t want to.
If you're looking for a nice place to relocate, it's GREENLAND all the way. I mean, it's in the country's name!
I just noticed this life changing PR that Mark released earlier this week:
https://finance.yahoo.com/news/zerify-releases-innovative-room-lock-115700401.html
Funny, though, if you go to 323Link's web site and go to their partner page, they list all the "baddie" companies in the on-line meeting space. Zoom, Teams, Google Meet, GotoMeeting, WebEx and others. Zerify? Not shown.
As for the "Room Lock" feature, this is not unique.
Per Zoom their system includes a way to:
Lock the meeting to prevent anyone new from joining
From Microsoft Teams:
When a meeting is locked, no additional participants will be able to join, but invitees can still access the meeting chat, recording, and other meeting info.
GotoMeeting:
Meeting Lock allows you to prevent unexpected attendees from joining your current session.
WebEx:
You can set an option in your Personal Room preferences to lock your room automatically after you start a meeting. You can choose from 0, 5, 10, 15, or 20 minutes. By default, your Personal Room locks at 0 minutes.
Mark (and George) are either oblivious to the features offered by the competition or they are misleading people by suggesting that the "Room Lock" feature in Zerify Meet is unique.
Because it's not.
It's fun to go back to official filings and be reminded of some of Rory's many MANY lies.
From a November 2021 8k:
Launched Professional Sports Vertical, Partnering with Pittsburgh Penguins for Verb Interactive Video Sales Enablement Platform to Drive Ticket Sales and Fan Engagement; Expects More Professional Sports Team Announcements to Follow
May 2022 8k
As I discussed in our last earnings call, in Q4 2021, we launched a new business unit for VERB – our professional sports unit, built on our verbTEAMS sales enablement platform. We started with the announcement of the Pittsburgh Penguins in Q4 2021, and since then, we’ve added many new professional sports teams to the platform and built an impressive sales pipeline of professional sports teams both in the US and in other countries.
In addition to the Pittsburgh Penguins, we announced the Florida Panthers, the Phoenix Suns, and the Detroit Pistons, and many more announcements are expected. Some of the initial deals we’ve done and expect to do are done on a type of barter basis, rather than a free trial, whereby we provide the teams a license to our platform in exchange for corresponding value in marketing for verb. Our strategy is that once they use the platform, they will see the benefits and be willing to pay for a subscription upon the expiration of the initial term.
November 2022 8k
In addition to the Pittsburgh Penguins, we announced the Florida Panthers, the Phoenix Suns, and the Detroit Pistons, and we last week we announced the addition of the Pittsburgh Pirates, our first major league baseball team. Now this win was particularly valuable, because following the extremely successful Pirates test launch of the platform earlier this year, they were able to obtain approval from Major League Baseball Advanced Media for league-wide use of our platform, opening the door for our sales teams to sign many more major league baseball teams. It remains my continuing expectation that some of these teams will adopt MARKET.live as part of their fan engagement strategies.
April 2022 8k
In Q4, we launched a new business unit for Verb, our professional Sports unit, built on our verbTEAMS sales enablement platform. We started with the announcement of the Pittsburgh Penguins in October, and since then, we’ve built an impressive, I mean, an impressive, sales pipeline of professional sports teams, both in the U.S. and in other countries. We announced the Florida Panthers last month. We announced the Phoenix Suns this week, and many more announcements are expected. And yes, it is my expectation that there will be MARKET and verbTV implications for the sports teams signing up to use our verbTEAMS sales enablement platform. Stay tuned.
Is the big revenue project between VERB and the Pittsburgh Penguins part of that buy out?
With 90+% of the AS unissued it's sort of a moot point, but for the next RS will the AS be reduced by the same ratio or will it still the same, as it did during the last RS?
Several references to a (wo)man named "Tenkay" in the comments on that page.
Any relation?
ZRFY is too foregone to borrow from a bank, so Mark uses the resources he has available to keep the paychecks flowing...issue more shares.
Zombie firms are filing for bankruptcy as the Fed commits to higher rates
In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years with surging debt and lagging sales.
“The share of zombie firms has been increasing over time,” said Bruno Albuquerque, an economist at the International Monetary Fund. “This has detrimental effects on healthy firms who compete in the same sector.“
Zombie firms are unprofitable businesses that stay afloat by taking on new debt. Banks lend to these weak firms in hopes that they can turn their trend of sinking sales around.
“A really healthy, well-capitalized banking system and financial sector is one of the most important factors in ensuring that unhealthy firms are wound down in a timely way rather than being propped up,” said Kathryn Judge, a professor of law at Columbia University.
Economists say that zombie firms may become more prevalent when banks or governments bail out unviable firms. But the Federal Reserve says the share of firms that are zombies fell after the Covid-19 emergency stimulus measures were implemented. The Fed says banks are refusing to keep weak firms in business with favorable extensions of credit.
Source: https://www.cnbc.com/2023/10/31/zombie-firm-bankruptcies-amid-fed-interest-rate-hikes.html
I just realized that the InventHer lady has seemingly abandoned Market.Live. She had a regular Thursday afternoon timeslot. She was one of the more engaging personalities that I've seen on the platform. Gone. Finiti. Caput.
I guess that means my hopes of becoming U.S. Ambassador to Belarus are now dashed.
Damn it.
The company is simply a vehicle that allows Rory to raise many millions of dollars to see his "vision" come to life. Problem is, his vision is crap. Nothing that he has created has worked out from a cash flow perspective. It's conceivable that the CRM business could have panned out, but his profligate spending (and seemingly endless lines of bullshit) made even the revenue generating businesses turn into crap.
The Board has allowed him total leeway to pivot from one failed idea to another. With the ability to create the O/S by 10 times the current shares the dumpathon may very continue, even if that means setting up scammy loans from Fife.
This is all on Rory and his Board of lackeys. Unless you are pouring new money into the company so he can spend it on the pivot-du-jour, Rory doesn't give a rat's ass about you.
It's true. There were a couple of train wreck sellers that have abandoned the platform entirely. I miss watching them for a few minutes at a time. Some of them seemed very pleasant, albeit whacked out of their minds.
Even they had the good sense to stop wasting their time trying to sell on Market. A minimum wage job would pay much better.
$ 36K revenue for the quarter and nearly $ 200K in salaries and compensation.
That's all you need to know about what is going on here.
Ah, yes, the TikTok pivot.
Be sure to catch one of the two livestreams on Market.live today. Because there are no streams on Friday, no streams on Saturday and no streams on Sunday. Because no one shops on Friday, Saturday or Sunday. Everyone know this!
Rory was going to purchase some sort of revenue producing company with a portion of the $5 million VERB received when the CRM business was sold.
Looks like that money is just going to get eaten up paying salaries and overhead.
Are you suggesting that the expectation to raise $1 million for Rudy was hyperbole? (clutches pearls). If only Mike Lindell's AMEX credit line hadn't been cut I'm sure he would have purchased 10 seats at the table.
The $100,000-a-plate fundraiser at Trump’s Bedminster, N.J., golf club was expected to raise more than $1 million for the former New York City mayor, Giuliani’s son, Andrew, said. Trump has also committed to hosting a second event for Giuliani at the former president’s Mar-a-Lago estate in Florida, Andrew Giuliani noted.
And especially after TFG threw a fundraising dinner to help pay Rudy's legal bills.
They are always well behaved AND delicious!
a) At this stage, I don't think Rudy knows the difference between fantasy and reality.
b) In as much as several of the others have knowingly made false statements, both Gooliani and TFG are in another class altogether. Even if Rudy wanted to flip, who can believe what comes out of his yap? There is no way the prosecution can use his Rudy's against the orange turd.
Rudy is going down.
A post on the "other board" suggests that Streeterville "invested" $1 million in VERB.
HA HA. No they didn't.
Mark tickled everyone's a** with a feather about some super duper multi-million dollar deal that he couldn't talk about just yet.
The stock price would suggest that no one believes Mark. I mean Mark has used that same routine in the past and the "big deal" turned out to be NADA. ZILCH. BUPKISS.