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Network Marketing is so “ripe” right now
Rory’s words ring true about job displacement in the “new technology economy” plus the last 2 years sales growth in the industry has lagged “1.6% in 2017, 1.9% in 2016, 7.6% in 2015, 6.1% in 2014”
Competition amongst firms has grown also. More of them.
How do attract new distributors to your company? How do you make it easier for them to increase net margins and sales?
I think it’s the bigger of the two short, medium and long term.
All my opinion.
$VERB when you divide the 116,000,000 people in the Worldwide Network Marketing Space by $189 Billion annual sales you get $1,723 per distributor. How can you easily increase sales and reduce friction? See here media.nfusz.com/player/6nkVRjng
“The WFDSA(World Federation of Direct Selling Associations) has reported recently that the direct selling industry’s sales volume was $189.6 billion in 2017, representing an increase of 1.6% compared to previous year. That is good… but not that good. The global industry’s growth rate had been 6.1% in 2014, 7.6% in 2015, and 1.9% in 2016.”
Could VERB interactive video help bring back 6.1%, 7.6% or better annual growth rates for the direct selling industry’s sales volume? That’s $14.3 Billion more in sales!
https://www.worldofdirectselling.com/global-direct-selling-2017/
Welcome.
VERB is on its way to all 50. Having 18 of them already is a statement unto itself.
One little VERB vertical:
“The WFDSA(World Federation of Direct Selling Associations) has reported recently that the direct selling industry’s sales volume was $189.6 billion in 2017, representing an increase of 1.6% compared to previous year. That is good… but not that good. The global industry’s growth rate had been 6.1% in 2014, 7.6% in 2015, and 1.9% in 2016.”
Could VERB interactive video help bring back 6.1%, 7.6% or better annual growth rates for the direct selling industry’s sales volume? That’s $14.3 Billion more in sales!
https://www.worldofdirectselling.com/global-direct-selling-2017/
Some Verb partners and future partners
https://mlmcompanies.org/best/
Love the dialog today!
$VERB - Let me preface to clarify for those who may not have taken a course in business ethics or be familiar (it’s a very important issue in business today).
No business ever becomes immensely successful by treating any of its stakeholders shoddily. Whether employees, vendors, customers, consultants, financiers or shareholders, these constituents must “feel” good about their work and dealings with the company.
The reward for all is money/value. Whether that money comes through increased employee production, capital loans, financings or sales is immaterial.
So any company with a high degree of ethics/fairness and wanting “equity” wouldn’t have allowed one institutional investor to benefit more than others in this IPO.
Therefore, it would have been impossible for any institutional investor (outside of insiders) to grab 5% ownership of VERB during this IPO. The math doesn’t add up.
6,389,776 units consisting of a common share (and warrant to provide our treasury with $3.44 per common share.)
40 institutional investors divided into $6,389,776 = 159,744 common shares and 159,744 warrants (units).
Even if institutional investors held their common shares, they would each only have 1.5% ownership based on 20,000,000 shares authorized/outstanding.
We know many probably sold the share and reinvested that capital into another opportunity, while holding the warrant.
It would have been impossible for any institutional investor (outside of insiders) to grab 5% ownership of VERB during this IPO. The math doesn’t add up.
6,389,776 units consisting of a common share (and warrant to provide our treasury with $3.44 per common share.)
40 institutional investors divided into $6,389,776 = 159,744 common shares and 159,744 warrants (units).
Even if institutional investors held their common shares, they would each only have 1.5% ownership based on 20,000,000 shares authorized/outstanding.
We know many probably sold the share and reinvested that capital into another opportunity, while holding the warrant.
$VERB
No business ever becomes immensely successful by treating any of its stakeholders shoddily. Whether employees, vendors, customers, consultants, financiers or shareholders, these constituents must “feel” good about their work and dealings with the company.
The reward for all is money/value. Whether that money comes through increased employee production, capital loans, financings or sales is immaterial.
Think, think, think...
Healthcare $3 Trillion.
NAHU represents healthcare agents, brokers and carriers reps throughout the US.
VERB + NAHU = access to top minds in healthcare. Be seen.
I love the fact that you guys are digging deep and finding all these tidbits.
Like the attached post which shows that this note was converted in restricted shares of VERB common stock at $2.34 per share (182,000 shares)
As a business person myself, it makes sense to reward loyal financiers who have provided capital/resources for our growth.
I would bet my bottom dollar both parties are very happy with this dealing, which is the way great business is done.
You guys are reinforcing everything many of us long shareholders have know for years...we have a real winner here. Totally different than what most of you guys are used to.
Best!
Still there Joey - as we don’t know beyond 3/31/19 yet. Do you?
VERB and Sound Concepts Consolidated, Unaudited, Pro Forma, Balance Sheet as of March 31, 2019:
Cash of $2.5 million
Total assets of $30.5 million
Total liabilities of $8.9 million
Total shareholders’ equity of $21.6 million
Subsequent to March 31, 2019, the Company closed its previously announced underwritten public offering providing the Company gross proceeds of approximately $20.5 million before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company.
On April 11, 2019, VERB closed its previously announced acquisition of Sound Concepts for $25.0 million of value, payable through a combination of $15.0 million in cash, and the issuance of an aggregate of 3.2 million restricted shares of VERB common stock, with a fair market value at closing of $10.0 million. The cash payment was paid using a portion of the net proceeds that VERB received in its underwritten public offering.
At the closing of VERB’s underwritten public offering, the Sound Concepts shareholders purchased an aggregate of $4.0 million of the public offering units at the same price and upon the same terms and conditions as all of the other investors who purchased units in the public offering, such that the net cash outlay by VERB in connection with the Sound Concepts acquisition was approximately $11.0 million not $15.0 million.
Its obvious VERB is extremely valuable. Why else would we all be here?
VERB as at $46 last year with only 2 partnerships (and no scalable application yet).
This little engine that could is about to do what no other start-up has ever thought of doing!
Rory has had lots of practice (Telx $216,000,000 sale and $1.9 Billion a few years later.)
If you are being 100% intellectually honest, you’ll admit that these accomplishments are great for short, medium & long term growth
1) Having multiple business/distribution agreements with Salesforce, Microsoft, Oracle, Adobe (and others);
2) having team/board/advisory members from Disney, Microsoft, Salesforce, MySpace, American Airlines, Telx among others;
3) having just bought a highly reputable 30 year old firm that dominates the Network Marketing space and has 80 clients, 90 employees, $14,000,000 annual revenue that’s growing;
4) NASDAQ up listing;
5) No debt;
6) $7 million in cash;
7) loyal shareholders that are engaged, enthusiastic and very long holders of the security.
VERB currently has 545,000 subscribers and 80 MLM clients representing $14,000,000 in reoccurring revenue per year and growing. With a P/E of 100 for the CRM space - do the math to see how undervalued this really security is at $2.11 per share ($46 this time last year).
Rory’s first company Telx actually started as a prepaid phone card company. Yep that’s right. Prepaid phone cards were used before cell phones, and were very popular because they could be used on public phones with just a swipe.
Guess what, Telx’s revenues in the early days went from 0 to $7,000,000 in 6 months! Revenues grew at a freakish rate until....you guessed it, cell phones became popular and the bottom fell out almost overnight.
The company was almost facing bk when Rory called the entire team into the conference the conference room to discuss a new direction. Rory and team identified one of Telx’s natural strengths which was the 15 telecom companies that already had lines in Telx’s building, so they devised the concept of tele co-location hubs.
A few years later, as Rory followed the EBITDA of telecom companies, and sales multiples carefully, he found a trend taking hold. Sales multiples were dropping even as EBITDA and revenues in the industry were rising. Increased revenues/EBITDA’s were deriving lower sales multiples thus negating growth (treading water).
When Rory advised the board of this information and they decided to put the company on the market and had many, many multiple offers.
nFusz Founder, Chairman, CEO & President Rory Cutaia was a very successful attorney in NYC for many years, working with world renowned entrepreneurs. In the year 2000 he conceived the idea for Telx, to disrupt the telecommunications industry (Blue Ocean Strategy)
Telx created telecommunication interconnection and colocation data centers in the United States. Before Telx, telecommunications companies had to invest and create their own which was very costly. Rory’s idea was to create them and allow the telecommunications companies to lease/rent hubs which saved them HUGE money.
So, in 2000 the company was started and by 2006 Rory sold it for $216,000,000 making investors 18X their money. Telx sold again in 2015 for $1.9 BILLION! See below link.
Here’s a quote from 2006 article of GI Partners purchase of Telx:
“telx's business model and prior achievements are impressive, and we are very excited about their vision and prospects," said Eric Harrison, Managing Director of GI Partners. "We believe that telx is poised to revolutionize the industry and will continue to create significant value for shareholders."
Here’s the link so investors can educate themselves and understand the success:
http://www.datacenterknowledge.com/archives/2006/11/22/gi-partners-buys-telx-56-marietta
https://www.gipartners.com/private-equity/portfolio
https://www.thestreet.com/story/13217986/1/abry-and-berkshire-exit-telx-through-19b-sale-to-digital-realty.html
VERB is worth at least $2 BILLION as it sits this very day.
Compared to its peers in the CRM space, even at the brief $46 high, VERB is still MASSIVELY & GROSSLY UNDERVALUED, look at this:
1) HubSpot - $130 Share Price - $4,900,000,000 Billion Market Cap
2) Salesforce - $141 Share Price - $105,000,000,000 Billion Market Cap
3) Oracle/Netsuite - $46 Share Price - $183,000,000,000 Billion Market Cap
4) Microsoft - $101 Share Price - $777,000,000,000 Billion Market Cap
5) SAP - $117 Share Price - $139,000,000,000 Billion Market Cap
6) *VERB - $2.11 Share Price - $50,000,000 Million Market Cap
Salesforce 756,700,000 shares outstanding
Oracle 3,788,000,000 shares outstanding
Microsoft 7,000,000,0000 shares outstanding
VERB 23,500,000 shares outstanding
Sound Concepts Purchase + the NETWORK MARKETING UNIVERSE = Success for VERB
Updated numbers for VERB/Tagg Network Marketing Vertical Only
110,000,000 individuals selling in this vertical.
1% is 1,100,000 people at $9.99 + $19.99 Activation = $10,989,000 per month or $152,857,000 per annum.
IMO penetration will be much higher because of VERB’s 80 Network Marketing client base who will want higher sales.
Key metrics being 110,000,000 people and $9.99 per month + $19.99 Initial Activation
- 1% penetration is $152,857,000 per year revenue
- 2% penetration is $305,714,000 per year revenue
- 3% penetration is $458,571,000 per year revenue
- 4% penetration is $611,428,000 per year revenue
- 5% penetration is $764,285,000
per year revenue
- 10% penetration is $1,528,570,000
per year revenue
This is just one vertical and does not contemplate TaggCRM, TaggEDU, TaggMed, TaggNPO, TaggRealEstate and other verticals.
A meteoric rise in VERB’s share price is on the short term horizon and explosive & sustained VERB/TAGG growth is expected medium to long term (think bigger than Google, Apple & Facebook).
VERB currently has 545,000 subscribers and 80 MLM clients representing $14,000,000 in reoccurring revenue per year and growing. $7 million in the treasury and no debt.
With a P/E of 100 for the CRM space - do the math to see how undervalued this really security is at $2.16 per share ($46 this time last year).
Compared to its peers in the CRM space, even at the brief $46 high, VERB is still MASSIVELY & GROSSLY UNDERVALUED, look at this:
1) HubSpot - $130 Share Price - $4,900,000,000 Billion Market Cap
2) Salesforce - $141 Share Price - $105,000,000,000 Billion Market Cap
3) Oracle/Netsuite - $46 Share Price - $183,000,000,000 Billion Market Cap
4) Microsoft - $101 Share Price - $777,000,000,000 Billion Market Cap
5) SAP - $117 Share Price - $139,000,000,000 Billion Market Cap
6) *VERB - $2.16 Share Price - $63,000,000 Million Market Cap
Updated numbers for VERB/Tagg Network Marketing Vertical Only
110,000,000 individuals selling in this vertical.
1% is 1,100,000 people at $9.99 + $19.99 Activation = $10,989,000 per month or $152,857,000 per annum.
IMO penetration will be much higher because of VERB’s 80 Network Marketing client base who will want higher sales.
Key metrics being 110,000,000 people and $9.99 per month + $19.99 Initial Activation
- 1% penetration is $152,857,000 per year revenue
- 2% penetration is $305,714,000 per year revenue
- 3% penetration is $458,571,000 per year revenue
- 4% penetration is $611,428,000 per year revenue
- 5% penetration is $764,285,000
per year revenue
- 10% penetration is $1,528,570,000
per year revenue
This is just one vertical and does not contemplate TaggCRM, TaggEDU, TaggMed, TaggNPO, TaggRealEstate and other verticals.
- VERB is a NASDAQ security like Rory promised
- Bought Sound Concepts like Rory promised
- Raised $20,500,000 IPO like Rory promised
- Has no debt ($0)
- Has approximately $7 million in treasury
- Has at least $14,000,000 in annual revenue (maybe more)
- Has at least 80 Network Marketing clients
- Has 100 professional employees
- Has partnerships with Microsoft, Adobe, Oracle, Salesforce and more.
- Rory has been a huge success as an entrepreneur attorney.
- Rory has been a huge success as CEO, President, Founder, Chairman of another startup (non NASDAQ) disruptive telecommunications company Telx, which he sold for $216,000,000 in 2006 after just 6 years building (it later sold for $1.9 Billion).
- Rory attracted a top notch management team to VERB including CFO from Disney, IT/Program Asset and Architect of MySpace, Director of Salesforce, Board and advisory committee members of Microsoft, American Airlines amongst other reputable firms.
- Verticals medical, education, CRM, Network Marketing, Real Estate and more.
- Static Video is dominating all mediums
- He made his previous investors millionaires
- Interactive Video is a new subset of static video
- There are currently only 585 Billionaires in the USA.
- Rory Cutaia will be the 586 Billionaire in the USA (several large investors opinion)
Great post and you are 100% correct IMO BMR.
VEEB is about to do what no company has ever done before it.
“The only are for possible surprise will be the growth in revenues from Sound Concepts. That could possibly move the needle.”
Sound Concepts revenues IS VERB revenues.
Wow!!!
I think folks are staring to understand how incredible the company and technology is.
VERB is about to do what no other company has ever done before.
This is just one vertical!!!
110,000,000 individuals selling in the Network Marketing Space.
1% is 1,100,000 people at $9.99 + $19.99 Activation = $10,989,000 per month or $152,857,000 per annum.
IMO penetration will be much higher because of VERB’s 80 Network Marketing client base who will want higher sales.
Key metrics being 110,000,000 people and $9.99 per month + $19.99 Initial Activation
- 1% penetration is $152,857,000 per year revenue
- 2% penetration is $305,714,000 per year revenue
- 3% penetration is $458,571,000 per year revenue
- 4% penetration is $611,428,000 per year revenue
- 5% penetration is $764,285,000
per year revenue
- 10% penetration is $1,528,570,000
per year revenue
This is just one vertical and does not contemplate TaggCRM, TaggEDU, TaggMed, TaggNPO, TaggRealEstate and other verticals.
100% agree!
Also, readers need to be careful who they listen too.
Some are saying “no revenue” when we know VERB has at least $14,000,000 (or more) in annual revenue now that the merger is complete. I’m guessing it’s growing exponentially based on all the VERB Tweets, etc on social media.
When the seller is finally is done...get ready! Coming soon.
My guess is this is 100% a reality.
Will be interesting to see how “fruitful” the relationship was prior to the merger.
A meteoric rise in VERB’s share price is on the short term horizon and explosive & sustained VERB/TAGG growth is expected medium to long term (think bigger than Google, Apple & Facebook).
VERB currently has 545,000 subscribers and 80 MLM clients representing $14,000,000 in reoccurring revenue per year and growing. $7 million in the treasury and no debt.
With a P/E of 100 for the CRM space - do the math to see how undervalued this really security is at $2.16 per share ($46 this time last year).
Compared to its peers in the CRM space, even at the brief $46 high, VERB is still MASSIVELY & GROSSLY UNDERVALUED, look at this:
1) HubSpot - $130 Share Price - $4,900,000,000 Billion Market Cap
2) Salesforce - $141 Share Price - $105,000,000,000 Billion Market Cap
3) Oracle/Netsuite - $46 Share Price - $183,000,000,000 Billion Market Cap
4) Microsoft - $101 Share Price - $777,000,000,000 Billion Market Cap
5) SAP - $117 Share Price - $139,000,000,000 Billion Market Cap
6) *VERB - $2.16 Share Price - $63,000,000 Million Market Cap
Updated numbers for VERB/Tagg Network Marketing Vertical Only
110,000,000 individuals selling in this vertical.
1% is 1,100,000 people at $9.99 + $19.99 Activation = $10,989,000 per month or $152,857,000 per annum.
IMO penetration will be much higher because of VERB’s 80 Network Marketing client base who will want higher sales.
Key metrics being 110,000,000 people and $9.99 per month + $19.99 Initial Activation
- 1% penetration is $152,857,000 per year revenue
- 2% penetration is $305,714,000 per year revenue
- 3% penetration is $458,571,000 per year revenue
- 4% penetration is $611,428,000 per year revenue
- 5% penetration is $764,285,000
per year revenue
- 10% penetration is $1,528,570,000
per year revenue
This is just one vertical and does not contemplate TaggCRM, TaggEDU, TaggMed, TaggNPO, TaggRealEstate and other verticals.
VERB cannot be held back or denied the greatness in its innovative and disruptive technology.
All time high coming before the end of May IMO. Last year at this time $46.
Interesting right?
Hard to ignore all the data and facts being put out on social media etc.
Many more people are becoming interested in VERB/Tagg.
A meteoric rise in VERB’s share price is on the short term horizon and explosive & sustained VERB/TAGG growth is expected medium to long term (think bigger than Google, Apple & Facebook).
VERB currently has 545,000 subscribers and 80 MLM clients representing $14,000,000 in reoccurring revenue per year and growing. $7 million in the treasury and no debt.
With a P/E of 100 for the CRM space - do the math to see how undervalued this really security is at $2.16 per share ($46 this time last year).
Compared to its peers in the CRM space, even at the brief $46 high, VERB is still MASSIVELY & GROSSLY UNDERVALUED, look at this:
1) HubSpot - $130 Share Price - $4,900,000,000 Billion Market Cap
2) Salesforce - $141 Share Price - $105,000,000,000 Billion Market Cap
3) Oracle/Netsuite - $46 Share Price - $183,000,000,000 Billion Market Cap
4) Microsoft - $101 Share Price - $777,000,000,000 Billion Market Cap
5) SAP - $117 Share Price - $139,000,000,000 Billion Market Cap
6) *VERB - $2.16 Share Price - $63,000,000 Million Market Cap
Updated numbers for VERB/Tagg Network Marketing Vertical Only
110,000,000 individuals selling in this vertical.
1% is 1,100,000 people at $9.99 + $19.99 Activation = $10,989,000 per month or $152,857,000 per annum.
IMO penetration will be much higher because of VERB’s 80 Network Marketing client base who will want higher sales.
Key metrics being 110,000,000 people and $9.99 per month + $19.99 Initial Activation
- 1% penetration is $152,857,000 per year revenue
- 2% penetration is $305,714,000 per year revenue
- 3% penetration is $458,571,000 per year revenue
- 4% penetration is $611,428,000 per year revenue
- 5% penetration is $764,285,000
per year revenue
- 10% penetration is $1,528,570,000
per year revenue
This is just one vertical and does not contemplate TaggCRM, TaggEDU, TaggMed, TaggNPO, TaggRealEstate and other verticals.
Thanks bud. All we need is 1.
VERB is lighting up social media!
Will be fun to watch.
Unbelievable as most believe it is, this will catapult to record highs, but this time will not come back down.
$46 last year on a mere 2 catalysts is nothing compared to the next high which is coming.
VERB is about to do what no company/stock has ever done before.
Who wants to bet that the seller(s) either out or very very close. Watch what happens here immediately following that event.
Good luck all long shareholders!!!
It’s very hard to become wealthy. If it were easy, then everybody would be.
Stay your course.
VERB buying is still going on after hours. Smart!
1 million shares traded in two hours of the morning session.
Get ready. Whoever is selling must be very close to being done. Once that occurs no one will catch VERB as it will catapult.
Much of what I am reading here today is denial of the obvious.
Much like Monty Python’s Dark Knight denying mortal wounds as mere flesh wounds, why can’t posters here see the reality of what VERB/TAGG are doing and what it represents?
This is not fly by night. This is Billions and Billions of dollars being created “out of new cloth” as Rory says.
VERB making the impossible possible.
VERB can’t be held back any longer.
Rory is delivering, albeit a little later than he/we hoped, but business does not operate in a vacuum and delays are normal when dealing with multi billion dollar enterprise.
1 hour into trading and 629,000 shares traded.
Lots of opinions here.
Everyone should do there own due diligence. Check multiple sources for your information and due diligence.
As I’ve said, I’m finding tons of information and discussions about VERB on social media and various investor boards.
Trust but verify.