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She would be cool...and unique.
Unsettling thought for some:
No way, right?
If VERB one day spins off MARKET, say 100M shares, they could distribute 90M shares proportionally to existing shareholders of a set date and IPO the 10M shares. Let's say they set the IPO price at $10, that would raise $100M for MARKET. Existing shareholders would have x shares @ $10 PLUS their $VERB shares which now would be worth way higher than $0.59.
No one expected ShiftPixy to do what they did and the stock tripled. It's not IF Verb will do this, it's a matter of when.
Fabulous post and reference.
This is the stuff of Nobel Prizes.
Revenue up 529%
Half year report ending 30 June 2022
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02557114-2A1392787?access_token=83ff96335c2d45a094df02a206a39ff4
Etsy + Market
Splashed on VERB's fresh new webpage
Quickly taken down
Must have been a mirage. You think?
BRCHF or BRN.AX
You are on to what will be one of the biggest tech stories of the next decade.
All roads lead to neuromorphic edge computing and Brainchip has patents and a 3-5yr head start on competition...and is commercially available now as AKIDA
Partnership with ARM a huge validator and is featured all over the ARM website.
Advantages include much lower power consumption (up to 90%), faster, cloud independent and therefore more secure and can be retrofit to most legacy systems.
This could be a $100B company in my lifetime and I am not young.
Yes I am talking my book having accumulated >xxxk shares.
For excellent info monitor this site:
https://thestockexchange.com.au/forums/brn-brainchip-holdings-ltd.3/
Check out verb.tech on Twitter
See for yourself and choose to believe or disbelieve
Can't happen soon enough (re shorts losing their shirts) but back in the real world of here and now
Per Twitter (hello Elon) VERB tweets that the Pirates (baseball) are in the fold.
Penguins, then Pirates...make some sense
Hola Roberto
Blackrock ups stake in XXII >6%
https://fintel.io/news/blackrock-inc-increases-ownership-in-xxii-22nd-century-group-inc-0.8410298867476437
Guess they felt that they had the FDA under their thumb.
But it appears not forever.
I'd say Big Tobacco made a mistake which will be clearer when they start licensing the technology.
CEO credibility issues have wiped out stock gains from Q3 revenue improvement.
May take some time to put the rabbit back in the hat.
I expected better.
You hit the nail squarely on its head.
Love the products and their timeliness but this middle of the night ATM shell game makes me want to puke....and stay suspicious of whatever Rory preaches. Giving the impression that no more dilutive financing is needed and then pulling the rug out.
Pretty squirrelly.
I risk giving Rory undue credit but keeping his lips sealed about Q3 for the last several weeks may have succeeded in readying an ambush for shorts who I speculate are all in.
We know he loves the revenue generated.....he said so. We know he cancelled the ATM $18m offering. He must already have a sense of where VERB is for Q4.
So where does future money come from to run the business? Sudden increase in revenue generation, merger with a cash or cash flow rich company, some related tech firm taking a 10-20% share with newly issued stock.....
Got me stumped....we find out tomorrow.
"Plus the chart just shows a breakout of the downtrend to my way of interpreting it"
Wrong I'm afraid.
On anemic volume the price has held up at the 200ma...$1.80
However there is no convincing evidence that the downtrend has been reversed.
Buyers and sellers are at a low volume standstill waiting for earnings.
NBEV (New Age) reporting today
Big VERB customer that has raved about the software.
Pulled the ATM stock offering (up to $18m) and claimed that Q3 was proving to be exceptional. And acquisitions are in the offing.
I'd say no place to hide. Put up or no one will take Mr. Cutaia seriously again.
I'm long and it is the "put up" that excites me.
But I have been warned.
I think $11m is going to be low. Maybe $14m as I'm counting on Q4 to be a blowout quarter....will turn heads...perhaps even yours.
My $20m is for Q3 through next years Q2
However it seems that a buyout/merger is in the works. It must be accretive and/or come with substantial $$$ in the bank for VERB to cancel their $18m ATM offering through Truist.
Should know soon I would think.
You say $10m
I say $20m
Let's agree to compare when next year's Q3 is announced......ie just after the annual shareholder meeting.
Sorry can't agree.
SAAS companies typically valued at 50-80x revenue. So to be fair VERB has some soon to be gone legacy non SAAS revenue
So then $10m revenue times 40 (not 50-80) equals $400m or nearly 3x our present price.
So worth $6/share today. Not $2.
Revenue set to EXPLODE to $20m (or more) this year and be all SAAS. OK 95%,
So 70x $20m = 1.4B market cap in a year.
Maybe 100m shares by then. Maybe only 80m.
So $14/share in one year.....from $2
A 7 bagger
I'll take it all day...and all night.
Good on you. Good on us.
No revenue?
Are you reading the income statement of a different company?
Or by verifiable do you mean that you personally haven't checked the company's books and bank statements.
Must admit that you've befuddled me on this one.
From the shareholder's meeting........
1) Business to be announced soon with sports franchises, stadiums and the like. A new vertical initiated by the sign up of the Pittsburgh NHL hockey team. (First is the toughest sell)
2) Non profits, universities etc in the wings
3) VerbLIT...the new improved version broadcast to an international audience within two weeks
4) "Market Place" preview to be broadcast in the near future....will establish VERB's key position in the field of interactive e-commerce........maybe several different episodes before the official launch. A tease if you like.
Much to look forward to.
Sure has been resilient in the face of repeated short adventures like this AM crush to $2.04
Who doesn't enjoy a good bargain??
Lots of strength approaching the annual meeting and Q3 earnings.
Usually a good omen....if you are long the stock.
It is not clear to me that VERB is in the compliance business.
Can you clarify this point.
Thanks
Cut out Ticketmaster..like it when VERB speaks dirty
Now that is a great opener for conversations with every sports franchise.
Guess the Penguins were the first to catch on.
$$$$$$$
Doubt that they will be the last.
>>110k on the bid
Must be a Penguins fan or a short deciding to cover.
Couldn't be a long taking a position.
Do I have it right?
Fantastic news............................News that investors can grasp
Credibility now established in the sports world with Pittsburg Penguin signing.
Template in place......David Melzer opening doors.....
Next (many, many) signups should be...to not coin a phrase.....
SLAM DUNKS
" If home shopping network wanted to add clickable links they’d do it, and easily."
If you believe that .....what can one say?
ATM agreement to raise $18m terminated after <50 days per 8-k filed yesterday.
No matter how you parse it VERB does not foresee a need for money in the short to mid term timeframe.
Inescapable conclusion:
Some entity is taking a large position ($10-20m in new stock) in VERB.....Or new substantial contract signed guaranteeing enough cash flow to sustain their cash needs.....Or a merger with a cash or cashflow rich company is all but certain.
Or they have an acceptable buy out offer on the table. Less likely as approval would take shareholder approval.
No matter how you parse it....Good for long shareholders.
In fact.....Very good
Short sellers the easy money has been made.
Exit strategies will now be the focus. Don't want to let those profits slip away by overstaying.
You'll get another chance at $3, $4 etc.
After all Rory is a phony, right.
Cancellation of ATM offering......................
Large player, like MSFT etc, to buy 10% of the company at $2 share
Makes sense to me
Anyone following VERB knows Shaklee has been a client.
So for the new billboard trumpeting Shaklee....I'll assume upgrades.
Upgrades >>>> more revenue.
However all will be revealed in time.
Shaklee has signed up with VERB
750000 distributors worldwide
One dollar/month/distributor................$9million/yr revenue
Fun with numbers....and that could be low
Dependably astute comment.
VERB was the first presenter at the 3 day HC Wainwright Conference
With Rory claiming revenue "impressively up" for the current quarter and inferring that their hyper growth initiatives were progressing well.....sounds ripe for Wainwright to start covering the stock.
Anyone want to bet that the coverage wouldn't start with a BUY?
Revenue will be "Impressively up" based on seeing the numbers already posted from the first 10 weeks of a 13 week quarter.
Impressive may be a moving target to many but I think most will agree it means A LOT.
When revenue increases A LOT.....The stock price has good reason to go up.
I'm in too.
Q3 Revenue to be "nicely up, IMPRESSIVELY UP"
Software downloads now approximately 3.0 million
Apple store ratings 4.9 from 25000 raters
All this from CEO Rory Cutaia at this morning's Wainwright Conference.
Best article ever on VERB.................
How could anyone read this and still be optimistic about the future of VERB's share price?
Review the history of the Luddites for context.
Any chart readers out there?
Few days ago VERB tested the 200dma and bounced nicely. Today threatening to push through the 50dma. Parabolic SAR has turned positive and MACD is rounding up.
All this good technical stuff with the backdrop of dilution and mediocre earnings which logically should push the stock price lower.....but it hasn't. And buying a company that may be accretive.(or may not be). Not usually a good thing for share price.
Shorts risk overstaying their welcome. And trust me on this, shorts are excellent at technicals.
So short more or head for the exits??
Revenue growth should accelerate rapidly with all the new products and customers.
Should see hyper growth per Rory starting this current quarter...certainly by next.
If not then Houston we have a problem.
Revenue growth should accelerate rapidly...worth repeating from here on.