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Every time Rory sites a percentage statistic you can be sure he's full of sh*t.
What percentage of CEO's who spend 15 minutes defining GAAP accounting are making money?
Ans. 0
Does anyone see a verb app in the Apple Store with with 10,000 reviews?
I don't. Verb Go shows 84 ratings. Verb Education 18.
Go Verb Yourself app has 42.
Guys, guys, we're barreling down the tracks. Only problem is that we have deals but no money. Trust me. The metrics I'm using are what count.
That was one sorry performance.
No doubt an attempt to soften the blow of earnings report.
Look at all these new clients! Then WHAM, no revenue.
To my knowledge Thomson Reuters does not make stock recommendations.
Link please.
Verb will soon be PIVOTING to an AI powered Big Data Bio Genetic Blockchain CBD Saas post card mailing company.
And virtually no revenue from them.
Can you see the dozens and dozens of shareholders buried in this POS?
A 3300% increase in sales rep retention works out to someone staying around for an additional 10 minutes.
It's the old Chew The Fat Off (CTFO). They failed at weight loss and PIVOTED to CBD oil products. Looks like typical MLM pyramid scheme.
I expect that Verb tries to sell to the poor saps trying to eek out a living selling this stuff.
Maybe they'll experience 3300% higher sales rep retention ;)
A product nobody wants or uses. A technology with nothing proprietary. A management that can't be trusted. That's Verb.
You're odds of making money are probably better playing the lottery.
Verb is not a stock, it's a lottery ticket.
What new business will Rory PIVOT to in the no earnings call?
Verb - Helping companies like FAM.
Show me the $
Does anyone here really believe that verb can do anything any real technology company couldn't put together in 6 months if they thought they had a real market for the product.
This is a multi level marketing scheme where verb tries to convince crappy mlm companies to sell their sales people the verb product. The pitch is that everybody wins except the sucker at the end of the line paying for a low end tech that does nothing the buyer couldn't do in 10 minutes a day without it.
Verb's a turd.
Rory's name should be added.
2019: Year of "Spending More Time With Family"
CEO exits (just today)
-Nike
-Boeing
-Service Now
-Under Armor
2019:
-HP
-REI
-Juul
-eBay
-PG&E
-Boingo
-RiteAid
-MetLife
-WeWork
-BestBuy
-Overstock
-KraftHeinz
-WellsFargo
-Warner Bros
-BedBathBeyond
-UnitedHealthcare
Bottom line is that verb has a market cap of $24 million and it doesn't make any money. It has a CEO who can't restrain himself from exaggerating or flat out lying about the prospects for the company.
Take the "representative retention" issue. He claims that a company (naturally, not to be named) did a study that showed that verb users had a 3300% higher retention rate over those not using the app. CEO says the "data shows" that. Where's the data? It's been months since that BS claim was put out there. CEO says in the video below at about 5:30 in
https://www.interactivevideomarketing.net/verb-direct.html
that "we'll disseminate it as well."
That's another promise just like family offices lined up to be involved, 40 institutional investors participating in the stock offering, Oracle ready to go, walkout video's changing sales worldwide, working with blockchain, going to China, Taggs, Edu., Medical, yada, yada.
This is an embarrassment. It's a marketing company selling promotional stuff trying to masquerade as a tech company. They didn't even have that going for them until they brought Sound Concepts in. The operating business is probably worth half of the current market cap of the company.
Yes, it's obvious how little stock is available. Rory must have been right about all the institutional investors waiting to gobble up that offering at $7.00 or more.
Or maybe not.
What a joke. That fund has $827 Billon in assets. If you invested a penny in verb you'd have more commitment to the stock than Vanguard does.
The slaughter has already happened. Verb is in the death throes stage. Won't be long now.
And this is with the market near all time highs.
Wait and see what this mess looks like when the market takes a dump and tax loss selling kicks in. Rory b killin it then.
If this had a snowballs chance in hell of doubling in the next month do you think only one insider would buy $1,500 worth of stock and Rory would be able to keep his big mouth shut?
Looks to me like another quarter with more customers and more losses.
Look at the Apple App Store on any iphone.
The Ripl app (which I never heard of) has 35,000 downloads.
By Verbs calculations that means that Ripl is over 2000% better than verb.
Verb Education has 17 downloads from Apple store.
Those school districts must be just killin it.
Verb Go has 83 downloads.
Amazing that a company that's supposed to help customers sell can't sell.
Does Rory still work at verb or has he decided to spend more time with family?
He was pumper in chief and now he's the invisible man.
Dollar cost averaging might work with a fund but it will destroy you when an individual stock goes bankrupt.
NEVER AVERAGE DOWN!
Rory is a Garbo man.
When clients don't pay money are they really clients?
Even Rory has to realize by now that this thing is going nowhere.
Time to PIVOT or BAIL.
Verb didn't make any more money this week. They just didn't order the pizza this week. They saved $14. That put them up week over week.
You know you own a POS when the person who suggested it to you tells you not to look at it for a few years.
My mom says "sell that piece of crap and move on to better ideas".
Doesn't Warren Buffet say "Hope Is The Best Investment Strategy"?
Malcolm Gladwell in his new book(Talking to Strangers) describes why people believe others when they shouldn't.
"Gladwell's premise in these tales is that humans "default to truth" — that is, we tend to take on face value the things people tell us, even if we should know better."
This is Rorys' secret sauce.
Product placement opportunity for VERB.
Nobody is using the product. Nobody cares about any patents.
Maybe Rory can get product placement for Verb in the Showtime series On Becoming a God in Central Florida.
"Institutions" jumping on Verb train.
$30,000 of stock traded today. They just can't get enough Verb :)
Over 90% of all stocks that ever traded over $30/share and subsequently traded under $5/share eventually went to zero.