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There’s more then that to the q fillings. Did you click on any links in the quarterly filling that brings you to other pages to read. Share holders like you make people want the company to go bankrupt and verb will be bankrupt soon enough.
Notes Payable – Related Parties
The Company has the following outstanding notes payable to related parties at September 30, 2019 that are due in the current year:
Note Issuance Date Maturity Date Interest Rate Original Borrowing Balance at
September 30,
2019
Note 1 (A) December 1, 2015 February 8, 2021 12.0 % $ 1,249,000 $ 825,000
Note 2 (B) December 1, 2015 April 1, 2017 12.0 % 112,000 112,000
Note 3 (C) April 4, 2016 June 4, 2021 12.0 % 343,000 170,000
Total notes payable – related parties 1,177,000
Non-current (1,065,000 )
Current
Verb has been diluting stock since the beginning like I said.
Let me find the note holders...
Conversion of Notes Payable – During the three months ended September 30, 2019, the Company issued 598,286 shares of Common Stock upon conversion of notes payable and accrued interest of $719,000. We issued the shares in reliance on the exemption from registration pursuant to Section 4(a)(2) of the Securities Act (in that the shares of Common Stock were issued by us in a transaction not involving any public offering). See Note 6, Note Payables, and Note 8, Convertible Notes Payable, for additional information
Getting close a lot of reading it’s some where forgot where but here’s this.
Going Concern
We have incurred operating losses and negative cash flows from operations since inception. We incurred a net loss of $8.5 million during the nine months ended September 30, 2019. We also utilized cash in operations of $6.5 million during the nine months ended September 30, 2019. As a result, our continuation as a going concern is dependent on our ability to obtain additional financing until we can generate sufficient cash flows from operations to meet our obligations. We intend to continue to seek additional debt or equity financing to continue our operations.
Ok one moment
Bottom of page 9
Our continuation as a going concern is dependent on our ability to obtain additional financing until we can generate sufficient cash flows from operations to meet our obligations. We intend to continue to seek additional debt or equity financing to continue our operations. There is no assurance that we will ever be profitable or that debt or equity financing will be available to us. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should we be unable to continue as a going concern.
Yup verb is going to continue to be a dilutive stock and continue to operate with a loss. One day when bankruptcy comes around for verb shareholders will lose everything.
Verb technology company incorporated took on debt. You really should read disclosures instead of message boards in my opinion. The most recent quarterly filling show a loss again that’s 6 quarters with a loss. Verb needs to continue to borrow money in order to keep operations going. That’s just how the world works.
Verb owes over 800k worth of debt just read disclosures the debt is in almost every disclosure sent out by verb.
Rory said a reverse split was possible after the stock price was below 1 dollar after awhile. It’s been over 10 days of trading under 1 dollar for sure. So the reverse spilt is more possible the a delist.
Only thing needed to know here is when the reverse splits is going to happen or when the delisting letter is sent out.
It’s sad people are still laughing when the stock price is crashing.
Can ya see verbs stock share price... .75 not even a dollar if you haven’t looked in awhile.
Was this actually released by verb? A rock paper scissor compared to fight club wow. Then a cheerleading competition and medals. Why did I ever invest my hard earned money in verb. I got scammed by Rory Cutaia. Safe harbor cannot protect someone from any actions a person might infect onto someone for the blatant disrespect by Verbs CEO.
When is Rory Cutaia going to face criminal charges? Enough is enough already.
Ha ask just went from .78 to 2.26
Didn’t you see just look it up. Microphone drop.
Verb closed in the .84 .78 depends where you check today. tomorrows open will be in the 70s and close in the 60s. Reverse split on the horizon.
Wow less revenue then last quarter and more spending this quarter then last quarter. Rory needs to lose everything.
That’d be your opinion, but when a CEO says trust me, yeah buckle up there’s going to be a crash.
Verb once valued at 25 million $. Now has to explain again why less then 12 million $ per year is still valued above 1$ stock price. If you included management spending verb make 1.2 million per year in the long term IMO. Q3 results will equal more loss of value per share if spending is above 3 million.
Anybody that has to say trust me but do your own due diligence. Is not that smart and probably will be telling you a lie.
Rory just taught a stock trading class. Rory used the ceo report time to explain q1 the 32000$ revenue into 877% for the q3 revenue results.
I gotta say I hand it to Rory saying q3 results are 877% increase from q1 32000$ and 396% increase from q2 3.73 million...
Reoccurring revenue does that mean, what verb is finally pulling in 227000$ before buying billboards?
Add SC value of 3.72 million and you get now 3.94million for q3 revenues.
How much did Rory end up spending in q3 is what the most interesting thing I want to know.
Is verb going to be in more debt again? What’s the future forward looking statements in verbs spending?
November 11th will be a sad day for share holders when another reverse split will be announced. Rorys spending habits have been out of control and will end up bankrupting the company.
Who cares what verbs revenue is. What I’m interested in is what Rory’s spending habits are like again in 3rd quarter.
If verb pulls in close to another 4 million dollars this quarter but still spends 6 million dollars like last quarter then I see trouble.
Look like no more FORM 4s. Was insiders only buying 7500 shares? That should give investors a sign how bad it’s gotten at verbs company meetings.
Verb is not a technology company. All verb does is send out .35 cent junk mail.
I feel bad for the guys at sound concepts who sold there business just to watch it vanish before their eyes. Culprit Rory cutaia and family.
Why would anybody average down when a reverse split is about to announced on the 11th or 15th.
3$ is the target huh? It looks like verb is either shooting blanks or they can’t hit the target. Even if the target was up close in there face verb still couldn’t hit any target.
Still has lost 90% of there value this year. Or is that wrong?
Ok then it went from 20$ to 1$. Verb still incredibly lost that much value.
I think I seen a teen girl that uses MONAT and dresses up like Rory C. For Halloween so I had a few questions naturally.
She said “he’s the creepiest guy I know sending me samples in the mail and calling it technology.” She went on later to say “ Rory C. Is one of the scariest people I know and that’s why he my costume for Halloween”
Your right about everything. But Rory is protected by safe harbor. I almost had his a$$ locked up for saying verbs board members would be buying in the open market but the form 4s were corrected the next week.
What’s creepy is verbs board member and CEO. They crept and came up on investors money.
I looked this up
“Yep ... one single VERB client has sent out OVER 29.4 Million Samples in just 25 months time ..... big smile big smile big smile ..... Did ya see where they announced it ??? ..... big smile big smile big smile
LIU ... "Look It Up"”
That total is 10.15 million dollars in revenue verb never had. It seems someone is posting misinformation about verbs white label apps consistently.
I can see verbs share price dipping below 1$ until it loses 20% one day and goes to .80 cents can you see that?
Verb is going to be the new
intell a link in schools. You can find intell link in season17 episode 5 of South Park.
So your prediction for q3 revenue is about 4.8million? Do you know how much the revenue q2 was? I can tell you 3.7 million and q1 revenue was 9000$. Its seems verb is stuck in the upside down since the stock price was higher at 9k revenue then is was with 3.7 million in revenue... verb will stay stagnant forever since the money faucet is turned on by ceo and executives.
I think you have me confused with someone else on this board. I simply said that verbs ceo cannot be protected by safe harbor and incorrect form 4s. Oh and also how’s the insider buying going on? They only bought 7500 shares this month whew that’s a lot but not....