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If anyone knows of a fraudulent PPP loan besides MMEX and VERB, please send me a PM so I can forward it to someone I know who may be able to take these loans back. tks
Luckily, I never invested in this scam, although it would have been a nice trade for a year of so.
His bull$hit videos from 2008 were all one needed to see to stay away.
For a company bleeding red, it makes no sense. More to come
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Funny how he used to love all the praise and admiration for telling everyone about investing his own money in the company only to have it demolished by smart investors such as yourself completely contradicting his benevolence in that he is a greedy used car salesman focused only on scamming shareholders out of their money. Nice find.
More of Rory's payday from VERB.
On December 1, 2015, the Company issued a convertible note payable to Mr. Rory J. Cutaia, the Companyโs majority stockholder and Chief Executive Officer, to consolidate all loans and advances made by Mr. Cutaia to the Company as of that date. The note bears interest at a rate of 12% per annum, secured by the Companyโs assets, and will mature on February 8, 2021, as amended.
As of March 31, 2020, and December 31, 2019, the outstanding balance of the note amounted to $825,000, respectively.
On April 4, 2016, the Company issued a convertible note to Mr. Cutaia, in the amount of $343,000, to consolidate all advances made by Mr. Cutaia to the Company during the period December 2015 through March 2016. The note bears interest at a rate of 12% per annum, is secured by the Companyโs assets, and will mature on June 4, 2021, as amended.
As of March 31, 2020, and December 31, 2019, the outstanding balance of the note amounted to $240,000, respectively.
So besides his pay, he gets approx. $130,000 a year in interest.
Nice, and still a balance as of 3/31.
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On December 24, 2019, the Company received two secured advances from an unaffiliated third party totaling $728,000 for the purchase of future receipts/revenues of $1,012,000. Pursuant to the terms of the agreement the unaffiliated third-party will auto withdraw an aggregate of $6,000 from the Companyโs operating account each banking day. The term of the agreement extends until the advances are paid in full. The Company may pay off either note for $446,000 if paid within 30 days of funding; for $465,000 if paid between 31 and 60 days of funding; or for $484,000 if paid within 61 to 90 days of funding. These advances are secured by the Companyโs tangible and intangible assets.
As of December 31, 2019, the balance outstanding was $1,006,000 and the unamortized balance of the debt discount was $274,000.
During the period ended March 31, 2020, the Company repaid $411,000 and amortized the debt discount of $137,000. As of March 31, 2020, the outstanding balance of advances amounted to $594,000 and unamortized debt discount of $137,000.
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I also saw that Verb enter into a โpaydayโ loan scheme where $1+ million was advanced and the lender debits Verbโs bank account for $6k everyday
So why would VERB be renting from a company they own?
Never mind, I get it. What a scam! edit
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Verb Direct IS Sound Concepts. They changed the name of the subsidiary after they bought SC.
I didn't see any mention of Verb Direct yet in the filings, still looking.
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So the SC guys kept their ownership of the SC UTAH officeโs and now leases them back to Verb at $31K per month.
Nice deal...lol.
It's no wonder why they rent in UTAH, and why do they need warehouses?
A noose, an ax and Trump-inspired insults: Anti-lockdown protesters ratchet up violent rhetoric
https://tinyurl.com/y92vckpt
Funny how many believe that every negative post about BIOAQ is short or whatever.
This is the best board on Ihub for the sheer insanity of the posts.
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Nothing will happen, will be the same stuff. For a long time.
In 6 months when BIOAQ longs are still waiting for their riches, what happens?
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The only fairytale to believe in is that thereโs this much type about a โdeadโ stock like BioAmber.
BioAmber longs ainโt even wondered. The other side.... well thatโs a different story
And of course, anyone who sees a VERB billboard and is curious what they do
can do a Google search and get lessons in English grammar because VERB the company is nowhere to be found.
Too funny
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Quote:
Factoid ... Billboards are cheaper in Utah than in Southern California .....
Factoid ... Thatโs because a lot less eyes in Utah ........... LOL LOL ........
Did they move out of Newport beach where it's more expensive than LA?
And we all know the billboards in UTAH are a promotion for shareholders and not worth the $3,000 to $5,000 a month for a company that is bleeding red.
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If I reply to you about LA it would be off topic. Let's just say that I'm very glad they moved out of LA.
Back to the topic in which this started, It's cheaper to put up billboards in UTAH than California, got it?
Funny, I asked the same question about the Newport Beach office a year ago.
No one wanted to address it then either, unless it was claims about millions in revenue coming soon.
You are the ones we feel sorry for, the others can rot in he!! for suggesting BIOAQ was a long term investment while trading it.
Learning the game is always tough when you don't know who to trust.
Good luck in your next investment.
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I have been hopeful for two years holding these shares. A week before we โfind outโ I am afraid Iโve lost hope. Doing my own DD conflicts with the Dd you canโt argue with(Sorhay and Ty). I am afraid the other side might have been right. Hoping for a miracle.
Your're looking for the wrong thing, it's a CT order.
The latest one I see filed was April 2017.
The first one was May 2013
https://sec.report/Document/9999999997-17-005283/
https://sec.report/Document/9999999997-16-025759/
https://sec.report/Document/9999999997-16-022114/
https://sec.report/Document/9999999997-16-025759/
https://sec.report/Document/9999999997-16-022114/
https://sec.report/Document/9999999997-14-010422/
https://sec.report/Document/9999999997-13-009465/
https://sec.report/CIK/0001534287/1#documents
They hid the employees from those plants also.
As of December 31, 2017, we had eighty-five full-time employees. Of these employees, thirteen were engaged in research and development and engineering, four were engaged in sales and marketing, seventeen were engaged in general and administrative activities and fifty-one were engaged in operational activities. Sixty-seven employees are based in Canada, fifteen are based in the United States and the remaining three employees are located in Europe. We have never experienced any employment-related stoppages and we consider our employee relations to be good.
https://seekingalpha.com/filing/3958972
Yes I have, you can't hide 2 $500 million plants with a CT order.
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Ever hear of a CT order
They already have a new date all set up, October 22nd.
Supposedly nothing can happen until 2 years after the sale of the plant.
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So when nothing happens on the 20, 21, 22 or the week after 25, 26, 27, 28, 29 what will the next date be?
Wow, you're in for a real shock, good luck though! lol
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Anyone have any plans for the next 8 days? House shopping, deciding what debt to pay down, looking for other life changing opportunities? If thatโs not your style maybe calling around to the local stores seeing who has your favorite bourbon or scotch in stock or drawing up plans for your own humidor. Itโs just a week and itโs going to go by quick so whatever your plans are get started!
You may as well hand the election to Trump if you put Hillary on the ticket. WTF are you thinking?
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Well past duct tape...It was stated as Qualified, Qualified, say it with me, Qual i fied...Name me a woman better qualified...Not best candidate..
On to say stirring the pot
LMAO!
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How was the demo YB or is that top secret ?
Amazing, 141,000,000 shares dumped at .0001 and below today.
Keep buying penny players, no bid again.
How does any of this make sense?
The class action settlement is paying $2,500,000 to claimants if they bought shares between July 2014 and August 2017 before Bioamber declared bankruptcy, yet penny players who bought after the bankruptcy will become millionaires? LMAO
In the 0% chance of this ever happening, this would be tied up in the courts for years.
Sooner or later you will know exactly what "nothing burgers" actually look like in your account.
The supposed shorts have years to watch and laugh about BIOAQ
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Had something to do with this:
https://tinyurl.com/y9ood77c
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THE EARNINGS RELEASE, WAS IT DAT GOOD ?????
My post was in a reply to this poster who said this news was "fluff"
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https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155564044
Hopefully they come out with more "FLUFF"
Currently trading at $36.50, up $12 since the close.
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LOL. $384MM investment is "fluff"??????
Epidemic response group to invest up to $384 mln in Novavax's coronavirus vaccine
Better headline
https://tinyurl.com/y9ood77c
Epidemic response group to invest up to $384 mln in Novavax's coronavirus vaccine
Better headline
Why? His posts about BIOAQ on Twitter are blocked for anyone but the long
strong stuck holders looking for new bull$hit to keep this dream alive.
No thanks
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Please list the other 32, I can't wait.
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LOL I have never been wrong about my previous 33 "Q" stock investments. I predicted the outcome successfully 1000% of the time.
Well, this will defiantly be your first.
First investment in a bankruptcy liquidation I guess?
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Well..I have never been wrong yet..Just throw the ball..lma
Too funny, longs complaining about Wikipedia's 22 edits claiming something nefarious happened, then when shown the edits complain why the edit was for only a word or sentence.
Wow, this scam will last forever with that thinking.
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Thatโs makes it even worse!!!! Who cares that much two change it 22 times!!!! BioAmber is dead right? Why r we wasting time on a Wikipedia page!!!! Better yet for a single word at a time!!!
Did you read the edits, and did they change anything besides a word or two or a single sentence? Tell me what you see in the changes that show longs are getting anything from BIOAQ? Look and click on diff, what do u see?
https://en.wikipedia.org/wiki/Special:Contributions/ByronBucklesFL
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Hey how are those edits on the BioAmber Wikipedia page
Okay Iโm waiting on a response from the editor^
As I said, this will be funny to watch as every hope, dream and fantasy gets crushed by reality.
If you think I'm being cruel, look back at the promoter posts that got longs stuck in this pile of s$it to begin with.
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Hoping? I have no need of hope. I made a calculated gamble with a great risk v reward ratio. It either pays off or t doesnโt . So far signs ar looking pretty good. If it doesnโt Iโm still more than fine.
Keep hoping Longstrongsilver, the ending was written here on Nov. 22nd.
All the continuing protests about being paid just make this a great stock to follow for the hilarity.
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Ah the rich irony invoking a conspiracy theory to discredit people saying they have conspiracy theories lol.
Did any real long actually look at the revision history and see what the actual revision was?
One from Dec. 2019, the author changed a single word from "at" to "on"
One from Nov. 2019 the author added "In a turn of events"
Another one from Nov. 2019 the author added the word "court"
One from June 2019 the author changed a word from "of" to "on"
I guess no one here makes mistakes in their posts that need to be corrected.
The twitter team will never stop with the conspiracy theories.
Look for yourself and click on diff in all the 23 revisions.
https://en.wikipedia.org/wiki/Special:Contributions/ByronBucklesFL
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Of course it would be edited . Every time a new fact happens . It would be updated . Still waiting on that fantasy deal update .
So we still have hope that Trump, who tested negative yesterday, could be tested positive in a day or 2.
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Miller, the wife of top Trump adviser Stephen Miller, confirmed to NBC News that she tested positive on Friday after testing negative on Thursday
Why is VERB sending investors emails about using their direct sales opportunities, who the f cares? Investors who signed up for emails are not looking to buy the product, they are looking for a return on their investment.
https://tinyurl.com/y6venmhf
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