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Oh boy, here comes Clay trader, AKA short position Clay.
Also, has anyone heard from longtermgems? Might send out a welfare check...
The day the CEO and CFO dumped shares was the day to get out. They have made millions on the backs of investors. I feel horrible for the retail investors here.
Wrong, SC needed a bailout.
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Why did Sound Concepts merge with nFusz???
Because each of them had something the other wanted. Simple
nFusz wanted a big client base to sell to...
SC wanted notifiCRM for their customers...
SC had a new app that catered to direct marketers, Rory didn't
Rory had interactivity, SC didn't...
Nothing magical, just common sense.
Sounds like to me SC was looking for a bailout and Verb needed revenue. Nothing to motivate employees other than they still have jobs...
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My impression is that SC was reaching a plateau in their business and it was a peanut and jelly story where the individual parts of both companies would make each other much stronger.
With SC's established client base, it looks like they knew it would be easy to integrate Verb's interactive video into their apps that were targeting the same market, giving them a boost to their sales while getting a lot of VERB shares.
That just means there are now even more motivated people on the VERB team, as they have a lot of shares, which means a lot of incentive to help make VERB succeed.
Ive been wondering the same thing which would leave one to believe the “deals” have zero value. Given for free.
Which I would assume means everything is in order. Hardware, firmware and software. Correct?
We are at design freeze!!! Software, hardware and firmware in place. This is not, now what do we do with the software. FDA submission within reach so I’m confident shits in order.
Great post!
The DF news this morning is absolutely amazing. We have an official prototype now and it is being tested as we speak. I can promise you that the secret embedded software is also installed and working. We just do not know who the developer is. We longs have never been at this stage in the game and we will have more and more eyes on this baby as we inch closer and closer to "Rebranding"!
Congrats to all Longs!
No one including myself should not be upset. What did we think was going to happen to the share price of a company that belongs on the otc, posts zero revenue, a product that has had three versions that do not work. We should have known better.
I can promise you sound concepts will not renegotiate for less cash upfront for more stock. Verb’s stock will not be heading north anytime soon and they know this. What a mess.
I agree, this is so sad. No company should be able to uplist to nasdaq in the manner verb did. What an embarrassment. Loan sharks, reverse split, horrible funding terms, no revenue, no in house software development, and a product that still isn’t up to par. After the loan sharks are paid and the sound concepts deal is closed, how do we continue to operate with little to no money left from this raise? My guess is another raise at even worse pricing.
Verb has no business being listed on nasdaq.
I also agree. Verb should have stayed on the OTC where Rory could continue to hype this POS. I am really worried that they will need to raise more money very soon. Unfortunately, the NADAQ mm's and shorts are going to crush any hope of share price appreciation so I would expect another raise at much worse terms than the recent raise.
Thoughts?
Anyone have any ideas when the next raise will happen? As soon as they close the Sound Concept deal I would assume Verb will be out of money again and will need funds to fix all the issues with the platform, pay Frank Thomas, Payroll etc...
You can take a company out of the OTC, but you can’t take the OTC out of Verb...
I hope you are correct and I never said they will go BK, so let me be clear on that. They can always raise money from institutions because attaching warrants is a no brainer for all institutions. These institutions get their original investment back within days with the ability to keep the free warrant. This form of funding is majorly dilutive and not very favorable because you don't have any other way to raise money.
Very concerned with my investment here. The Verb product is a joke at best. The sad thing here is that there will be another dilutive raise coming soon as they will be out of money again shortly. What a huge mistake. Folks, this is not a 2 billion dollar company nor does Rory have a plan up his sleeve to get out of this mess. Company financials are horrible including sound concepts financials. Sound Concepts is operating at a loss with the revenue generated.
Those who think things will turn around are going to get crushed, including myself. The next raise which will be soon at much lower prices will dilute big time. GLTA
Your scenario is highly doubtful but it is exactly the reason I have not scooooooped more shares as of yet. Lets hope we are still on track and DF is announced early and we can all move on now that we have a product ready for FDA. GLTA
At the end of the day the product is horrible and no one will use it. NASDAQ is one of many mistakes happening with VERB. The product is not disruptive in way whatsoever. It is a matter of time before Rory will have to stop worrying about current investors and focus on new ones. Seen this happen far too many times. If you can't take your company to NASDAQ organically you probably should wait until you have something of real value and not just raise money with warrants attached.
All this does is allow the institutions to put money into the company via buying shares and immediately dumping the purchased shares to get their money out while keeping the free warrants which drives PPS south. This is why institutions love seeing cheap deals with warrants attached because they will get their original money back but get to keep warrants for free just in case the company turns around at some point. Institutions love these deals because they only have skin in the game for a minute...
There won't be any news worthy of anything because the products is something no one wants. Only news we get going forward will be fluff or bad. Mark this post! This sucks.
I disagree, we will be waiting forever for any type "real good news" here imo... No one wants the Verb product and it has been crystal clear for some time now. Best of luck pal.
Ted, I appreciate your enthusiasm, but the writing is on the wall. Verb's product sucks and is really not anything that is "disruptive" any in form. I hope we are able to stay on NASDAQ but without a way to generate revenue, and having to rely to revenue from sound concepts won't do anything to increase PPS as Sound Concepts is running at a loss. Verb should have stayed on the OTC because its financials are a mess. Godbless us bag holders.
I'm pretty sure those touting $60pps, Verb is valued at 2 billion, all the partnerships etc. have sold and moved on. Its just us bag holders remaining now...
Highly doubtful in this case. No revenue, terrible acquisition of sound concepts and a product no one wants.
Verb has zero and I mean zero reason to be listed on the nasdaq. I pray for us all. This sucks. I don’t see anything within the near future that will turn this falling knife around. Sound concept revenue ain’t going to cut.
I’m still waiting for the Oracle PR but I’m pretty sure we won’t ever see that either. What a complete disaster.
Beyond a nightmare. Total mess.
I can’t believe anyone thought things will change just because Rory finagled his way to the nasdaq from the otc. It will only get worse because nasdaq listed companies take bad beatings especially when they can’t turn a profit. This move to nasdaq was so premature.
I will be the first person to praise you when SP goes vertical on NASDAQ but I don't think that will be the case here. No revenue, Sound Concepts operates at a loss, reverse split needed to uplist etc. Verb should stay on the OTC because they have no business being on NASDAQ at this point in time. We need one more pump so the majority of longs who are buried can jump ship. GLTA!
Here's the script for monday's video from Rory:
Hey everybody, Rory here chief executive of Verb. Boy have we been busy and i wish i could tell you everything that has been happening and what is coming. So much excitement which you all will see very "soon". We have been giving our product away for free to see if it can build traction but we have been getting complaints that the software is really buggy which we should have a fix "soon". Anyhow, I am really excited that we are close to uplisting to NASDAQ where I have access to Institutional investors who I have already given a HUGE discount to buy shares and I will be sure to attach a warrant so they can dump the shares they bought the next day and keep the warrants for free all awhile diluting the death out of you long shareholders. Thanks again for your support and remember to stay tuned because we have some really exciting stuff coming "soon".
Really seems like lots of outlandish information being spewed here from revenue, up listing date, funding, forward split and company valuation (2 billion). There is zero transparency at this point but I do hope things turn around soon but unfortunately I don’t think anything happens this year to really surge the share price. I really Hope I’m wrong.
We have a new sheriff in town. LMAO!!!
What happened to the trip to Hawaii that was going to happen with all the subscribers they planned to get? Didn’t happen.
Are you serious? Rory really hit this one out of the Park? Cmon!!!! He made videos during the roadshow that seemed like money was pouring in from investors but instead he had to settle for a below market deal. Still no nasdaq and if they eventually are successful with the uplist, I can promise you the nasdaq mm’s will destroy the sp.
There will be a rebranding coming soon. Not sure if the company is changing names or just the devise. Mac was a little unclear...
I was told yes. Contact Northland Securities and open an account. Every share you purchase at $3.40 will come with a warrant.
I spoke to Northland yesterday and the raise was still open. They are hoping to have it closed a week from yesterday. Also, i was told that retail investors could buy through Northland with no minimum order size...
Jet, do you know if there are any rules that state how much they can raise relating to their market cap? Some have mentioned its no more than 25% of MC... If this is true then they are going for the max. Thanks
Willie, I hear you but Mc and company should have raised every dollar needed to the end. This will now trade sideways because titan will need more money soon. So, without a partnership announcement or FDA approval this won't touch $5 before the next raise IMO.
Why would anyone invest more money knowing that another raise is coming this summer? We have come to the point where it's not a matter if Sport is good enough because its going to be manipulated to death just like it was on the OTC. This will be an MM's wet dream until we are fully funded.
It sucks, and I am a titan diehard but this raise was bush league at best.
Anyhow, I done crying and armchair quarterbacking and lets see what this shitty raise is priced at in the morning. Long and dying on the vine.