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So much money came in Rory needs more time to count it!
I heard it will not be investigated because all of the naked short transactions are on the Hunter Biden laptop!
It appears naked shorting might be a definite maybe?
Today we announce that the investigation we have conducted over the past several months has not only produced compelling evidence of what appears to be illegal naked short selling of our shares, but also the identities of the financial services firms at which this activity appears to be taking place,” states Rory J. Cutaia, VERB Chairman and CEO. “We have recently been in touch with regulatory agencies that appear ready to assist us. To date 16 financial services firms have been notified. Our investigation will be ongoing as we continue to monitor the trading activity in our shares at these firms, as well identify any other individuals or firms that display similar patterns of trading activity."
Months? I'm wondering if it will be less than "10 days"?
Just announced, 1 for 40 RS will come tomorrow...
I hope you didn't think my sarcastic post about Rory the pivoter was for "support"?
Rory's got this! He's been "pivoting" for almost a decade and just getting started.
https://www.cioreview.com/bb-booth-inc
CEO Of The Month - Rory Cutaia, bBooth, Inc. [OTCQB: BBTH]: The Art Of The Pivot
They probably just needed more time to count all the piles of money coming in?
Well, the tax stuff gives us something to post about!
Assume the following happened during "the period "... Say I bought 10,000 shares for $1 dollar. Then after a year I realized OWCP was a scam so I sold the shares for .10 cents. So I took a $9,000 long term loss on my tax return which reduced my tax liability and then I went to counseling for my stupidity.
Sometime later, out of nowhere comes news of a lawsuit & possible settlement, yeah. Magically I am awarded 50% of my loss & receive a check for $4,500. Since I obviously previously claimed a $9k LOSS, why would I not be taxed now on the $4,500 "windfall" I just collected?
"some time this year" Awesome...
Who controls the vote? Insiders or peon shareholders? If Rory needs an RS to continue his self enrichment program for him & his pals, he'll figure out a way to do it!
Yeah, really. I voted against everyone, like my miniscule amount of shares matter...
Everything is going EXACTLY as planned. I'm pleased I've been able stretch this thing as long as I have. I'm a genius. I've pocketed millions for myself, family, & friends and promise I'll be able to keep this going for some time. Everything I've done is legal so ignore the noise. I've done it before. As long as enough people are stupid enough to keep supporting & believing everything I say, I'll be fine. I have no product or service that anyone wants or needs but that doesn't matter. I can get booted from NASDAQ and make stuff up how that would be a good thing and people will still support me. Seriously, everything will be OK, please keep buying shares, I promise I won't regret it.
RC
Do you hear voices too?
So many people are in denial. Rory is a genius. We know we are being screwed, but we hang on with the hope that something will change.
What if the "plan" was to simply keep "spinning plates" while shareholders pay for the entertainment?
Rory step down? LOL, why? would you, or would you keep collecting a check?
The board should remove him? Seriously? If you were on the board legally collecting big bucks for simply keeping your mouth shut and doing absolutely nothing, why would you kill the golden goose? You'd be kissing his ring. (Like I would)
VERB is nothing, has nothing, and will never be anything. Fire Rory & it's over. Only hope is a pump enough to bail.
NOBODY KNOWS ANYTHING ABOUT VERB, MARKET, OR WHATEVER, unless they are part of the cult. IE, shareholders, employees, financers, etc. Try to take any survey of any kind to randomly ask people if they've heard of "VERB" & see what happens.
Rory is a genius.
MF & his co-scumbags wishes you could buy another 20 million shares too!
From the recent filing:
Pursuant to Mr. Cutaia’s employment agreement dated December 20, 2019, Mr. Cutaia is entitled to the following severance package in the event he is “terminated without cause,” “terminated for good reason,” or “terminated upon permanent disability”: (i) monthly payments of $35,833 or such sum equal to his monthly base compensation at the time of the termination, whichever is higher, for a period of 36 months from the date of such termination and (ii) reimbursement for COBRA health insurance costs for 18 months from the date of such termination and, thereafter, reimbursement for health insurance costs for Mr. Cutaia and his family during the immediately subsequent 18-month period. In addition, all of Mr. Cutaia’s then-unvested restricted stock awards or other awards will immediately vest, without restriction, and any unearned and unpaid bonus compensation, expense reimbursement, and all accrued vacation, personal, and sick days, and related items shall be deemed earned, vested, and paid immediately. For purposes of the employment agreement, “terminated without cause” means if Mr. Cutaia were to be terminated for any reason other than a discharge for cause or due to Mr. Cutaia’s death or permanent disability. For purposes of the employment agreement, “terminated for good reason” means the voluntary termination of the employment agreement by Mr. Cutaia if any of the following were to occur without his prior written consent, which consent cannot be unreasonably withheld considering our then-current financial condition, and, in each case, which continues uncured for 30 days following receipt by us of Mr. Cutaia’s written notice: (i) there is a material reduction by us in (A) Mr. Cutaia’s annual base salary then in effect or (B) the annual target bonus, as set forth in the employment agreement, or the maximum additional amount up to which...
Goes on & on.
Rory's "generous severance" states that he gets paid regardless of how he leaves the company...
I wanted to have a fat V8 while it was still possible so last summer I bought a new black Chrysler 300S with the 5.7 liter V8. I love the car.
My buddy got is new Plaid about 1 month ago. Been in it a few times now. Last Saturday on a wide open freeway, with 4 adults in the Plaid he punched it at about 55 mph. In a couple/few seconds, as our backs smashed back into the seats we hit 115/120 before he backed off. The feeling is something most have never experienced. Curious indeed.
BTW, it makes my car feel like a Yugo...
Rory secures more financing and gives himself another $100k bonus?
Have you ever considered the extreme speed and excelleration of a Telsa just might be the cause of these "unintended accidents" instead of the cosmic alignment of sun farts with Uranus?
My buddy is a Tesla nut. There is no other automobile worth owning or driving to him. Elon is (almost) God.
He owned a performance 3 that he gave to his wife when he bought a full-blown Y. He sold the 3 & gave the wife the Y when he bought & just received his S Plaid.
Within 48 hours of owning the Plaid, he looked frightening when he told me how somehow hit 130 mph in an instant & almost hit the car in front of him on the highway. The speed got away from him. I say this because this is someone who is "familiar with" the massive acceleration of Teslas. FWIW, he also has a modified Shelby in his driveway so he knows what "power is".
So now think of the knuckleheads who drive a Tesla for the first time with no clue of what it can do. He drove us last Saturday to the Coastal Carolina College football game. You know those movies where they show astronauts on launch squeezed back in the seat from the G force? That's what it felt like for the 3 seconds he punched it shortly on our way.
There is no "special test" Tesla drivers need to pass to buy one, you just need money. How long would it take for the average Subaru driver to crash if they were popped into a Nascar car race? 1 lap?
IMHO, it's only a matter of time before Tesla will be forced to issue an an OTA update to restrict the acceleration of their rockets (aka cars).
Just saying...
Dilution is good (for Rory). It must be good since he gets bonuses for it!
Re: Raise money through dilutive rounds while expenses are utterly out of control.
From filing:
On July 29, 2020, Mr. Cutaia earned an incentive bonus totaling $100,000 for the successful closing of our March 31, 2020 private placement and the July 24, 2020 underwritten public offering of our common stock.
On July 29, 2020, we granted Mr. Cutaia restricted stock units valued at $500,000 payable in 471,698 shares of our common stock. The restricted stock units are subject to a four-year vesting period, with 25% of the award vesting on the first, second, third, and fourth anniversaries of the grant date. The price per share as reported by Nasdaq on the day of issuance was $1.06 and was used to calculate fair market value.
On July 29, 2020, we granted Mr. Cutaia restricted stock units valued at $176,000 payable in 166,365 shares of our common stock. The restricted stock units vested on grant date. The price per share as reported by Nasdaq on the day of issuance was $1.06 and was used to calculate fair market value.
A quick check of Rory's total compensation for 2020 & 2021 was $3.141 MILLION. Plus, he still gets paid if he leaves "under ANY circumstances" for something like 4 years!
So take note shareholders, it is VERY IMPORTANT we all vote FOR the Executive Compensation plan! As long as we keep paying Rory to F us, he'll keep the ponzi fun going.
I know, I know, lots of fortune 500 CEO'S get paid the big bucks too and they're just like VERB!
Rory is a genius.
Why care about the "percentage" of shareholders who filed a claim?
Yes, those that filed a claim and it would be interesting to know the percentage of shareholders that filed a claim.
How many shareholders were there during the claim period?
And the only thing that really matters to claim filers...
What is the sum of valid losses as defined during the claim period?
I recently asked someone at administration if they had a "ball park figure" of the total dollar value of valid claims. The answer was "oh no, not until spring 2023, April, maybe March"...
Let's hope...
I'm really good at this. My guess is the opening PPS on 8/25 will be 33.33% of the closing PPS on 8/24...
Did you read the phone stuff regarding "Neuralink"? Says probes (or whatever) would be implanted in your brain so you can control the phone with your thoughts!
Would you still be first in line?
I don't think I've ever gotten derogatory, nasty, or name calling with you? I can, but I prefer not to...
With that, what don't you understand that CANADA allows them to file whenever they want, as long as they say "please"? (ask for an extension). So no, It's not "now" Canada's fault, it's ALWAYS been Canada's fault!
Please list the fines HIVE has received from ANYONE for filing issues. If they are in default, why haven't they been delisted?
Do you know the filing requirements of TSX listed stocks? If not, please research it.
So yes, HIVE can say my dog ate my filing. No harm, no foul. AND, as I've also said, I don't like it, but I understand the filing requirements. My choice is to hold, or not. Simple.
So what exactly is your point?
Ha! Clearly Rory has Facebook shaking and on the run!
And after reading that link, I'm looking forward to the pivot to "Verb Reels", it's gonna be huge!
CC to Blue Sky's too: I have a close friend who is a 100% believer in "the secret". He is a smart dude who recently became quite successful (during Covid) due to a pharmaceutical patent he received decades ago. I should note there is a "strong bloodline" of mental illness in his family; parent, siblings, multiple children.
Instead of giving credit to his brains & perseverance, it's "the secret". I cringe when he brings it up.
Just the other day, since my car was being detailed, he picked me up in a backup vehicle for a 2-3 mile drive since his new Tesla Plaid won't be delivered until next week. The cars' air conditioning broke and it's 100 degrees plus humidity in South Carolina.
But he "fixed" the A/C by recharging it. Before we got in, he told me he fixed the ac. I said nothing. There was traffic. After a minute or 2, he said, good thing I fixed the ac. I said nothing as the vents blew hot air. As we approached our final turn, he said, at least we're cool since I fixed the ac. (My dog Jeff was on my lap) I said nothing. Less than a minute later, as we parked, he said, at least Jeff stayed cool since I fixed the ac. Jeff was panting and I was sticky wet. I kind of snapped & said "on a scale of 1 to 5, the ac is a 1". (Which was a compliment since it was actually a minus 1) He firmly(somewhat angry) said, "the ac works".
Yeah, he manifested the ac to work. Maybe I need to watch that thing so if there's a next time, I'll be cool too?
Sounds like a good project for you to keep you busy? Please report back on the timeliness for each of the 238 companies based in Canada that are also NASDAQ listed.
Like I said, I don't like it, but HIVE technically did absolutely nothing wrong, because Canada allowed it. Are you aware of a fine, or penalty? Maybe Canadians are bad at math & need extra time?
In the US, individual taxes are due April 15th. If the government said "take your time, file & pay when you can, just let us know". How long do you think people would take?
Blame Canada.
I could have posted the same, blame myself. Was sitting on a decent profit after some sells. "IF" I had bailed around $3 I was looking at >$300k profit.
Thought I was cute with my "$4.20" sell order that obviously didn't hit. Did the same & loaded up during the "temporary" decline to 1.90 ish, low 2's...
LOL indeed! I never thought we'd get 100% back and didn't think I said or even implied that in my post?
My point (that I obviously didn't make!) was "if ONE person" lost close to a million dollars, that simply doesn't bode well for all of us. My total loss was around $30k but "only" about $23k is eligible for the claim.
Yes, truthfully, I would've been happy to recover a couple grand but now maybe enough for a decent bottle of wine? I also realize it's kind of like buying a mega millions lottery ticket and being pissed to "only" win a $100 bucks.
With that, do you or anyone else have an intelligent guess as to the total shareholder loss amount? I haven't a clue...
Peace
Yikes! I received all 4 of mine on Wednesday or Thursday? (4 separate accounts) FWIW, I filed by mail on the last allowable postmark day.
In addition to filling out the forms with my transactions, I submitted TDA statements that had all my OWCP transactions & holdings. I went thru 4 or 5 Sharpies and "blacked out" all the non-OWCP info. Sucked but thought that would be best?
What really sucks though, assuming you are accurate/truthful, is not just your loss, but if one person accounts for about 25% of the settlement, that doesn't bode well for the rest of us...
Good luck to us.
Since HIVE is a "foreign Company" (Canadian) and they follow TSX rules, the FY report was due on June 29. So technically they were "only" 23 days late.
However, since they filed official late notices they are automatically granted extensions. So no harm no foul. Sucks, but it is what it is.
Blame Canada...
Thanks, my bad. Had my head in the sand and forgot about fiscal year end!
Q1 Financials for the period ended June 30 are typically not reported until OCTOBER. Not sure what you're expecting "any day"?
Tesla vehicle resale value: I have a buddy who owns 2 Teslas, a Y & a 3. He ordered an S about a month or so ago. Tesla offered $46k trade-in on the 3. (Has about 10,000 miles on it) Carvana bought it from him for $58k, which is what he paid for it 2 YEARS AGO.
Free "lease" like, right? Just saying...
SEC SAB 121 recent bulletin basically says companies holding Bitcoin "must" declare the potential for bankruptcy.
So there's that...