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Apparently verb is now available for retail trading. Showing @ 2.94 on Fidelity
All done with financing is unlikely. Rory
has implied this almost every time about two weeks before he finances again.
Good point. The best presenter on Amazon had about 700 viewers last night and then the next 10 Livestreams had six or seven each. I think there were a total of 12 available live streams and it doesn’t mean there couldn’t be more, it just appears this is not a very good way of Reaching a target audience. Especially if you have a particular time you’re going to do it. Another issue is if I was counting on viewers in other countries the time zone differences might mean they are asleep during my lifestream. So now that marketplace appears to be a disaster what is the next amazing amazing amazing profitable venture to look forward to! Always onward with verb. Always a greater OS. So many failed endeavors. So sad! I’ve lost a ton and every other long investor has obviously been burned.
Best of luck with those who buy as a stock price continues to go down. Perhaps you have not heard the old adage stated on stock market floors “don’t catch a falling knife”
I would caution new investors not to believe this is a good bet at this time. As the number of outstanding shares continues to increase all bets are diluted. I imagine when the company hits the available 200 million share allocation RORY will go to the Board of Directors and get another hundred million shares allocated. The company is so bloated I can’t see how he can pull off even a short term pump. Even though each day now he talks about a one off live stream event in preparation for the big market launch it does not raise the price. Reminds me of a new billboard every week with the name of a new company.
I’m a frequent amazon.com customer and notice on homepage there’s always a live stream going on usually the number of People watching is is 700 or less.
Wander beauty will be a good test case for verb since this company is successful and has already done live stream sales events I’m sure that they were enticed by the alleged huge huge audience that verb has worldwide. So if they have huge huge sales from this event compared to the ones they’ve done in the past on their own it could be breakthrough. I personally don’t expect this and I doubt that verb is charging much of a commission because they have more to gain than WB. Sample. Sample. Sample. Simple!
I was very excited about the partnership with Oracle and Microsoft and the great videos being done by SAS. Now we can sell NFTs. Wow. I’ve got some old SHACS done by RORY that I think are one of a kind because I made recordings of them and I’m considering selling them as NFTs. let me know if you’re interested. As far as buying stock again in this company;never.
Thanks. You’re lucky. I’m having nightmare flashbacks of V1 enV2 the spinning wheels of the videos it didn’t play I hope most people can watch this because if not it’s a disaster in the making in my opinion.
No video image on any computer or tablet just got error stream not found
8K OUT: Financial filing delayed until May 14 at latest plus additional risk factors outlined.
OLD, Old stuff. The 10 million lines of code were scrapped, as I understand it, around the time Chad Thomas was brought aboard to help build a new code that met the needs of their clients better. As old as "the company is now worth 5 billion dollars" (both paraphrased).
Would love to see one user from Oracle or Marketo post their use of the product which is "already integrated". That would boost my enthusiasm, as I am questioning how much the the "tons of new value added" to the Direct Sales companies will add up to revenue and when. Long Verb and hopeful. But so many questions and I am not expecting much from Q3, which unless I am wrong means another round of financing in about 3-4 months.
https://media.nfusz.com/player/KfhLP3zQ?
Not only has a "Ton of Value" been added per this press release, what I liked best was that you could click on this video within the press release to get "the back end story." (Not sure I understood the explanation or how much $ is a "ton of value" and when it will be accounted for with 5 days left in Q3).
FORM S-3 Effective! UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTICE OF EFFECTIVENESS
Effective Date: September 19, 2019
Form: S-3
CIK: 0001566610
Company Name: Verb Technology Company, Inc.
File Number: 333-233797
My understanding is that the $1.55 would adjust downward only in the event of a subsequent offering. Let's hope that isn't necessary or is months off. So I don't think it likely that many of the participants in the offering would chose any time soon to covert to shares at $1.55, if the stock does not rise at least to that level. There is also a provision that the company can force conversion when the stock rises 100% above the $1.55 price. That could also happen. GLTA
The conversion price is $1.55. The share price indicated as $1.25 in the S-3 was solely for the purpose of calculating the SEC filing fee, as was stated in the document, and should not be fixated on in my opinion.
The conversion price is $1.55.
For the record, I spoke with AGP today about the S-3 posted this morning as I was not clear about what it meant. I was told it is simply registering the private offering which did raise about 5 million dollars in Preferred Stock and Warrants and closed about a month ago. When approved by the SEC, participants in the offering will then be able to covert their Preferred stock to shares, if they care to, although the warrants are restricted another 5 months. When and if exercised, that would raise another approx. 5 million for the company.
Whatever you are referring to must be something entirely different as your characterization is so wrong regarding the S-3.
To clarify, I lost much $$ as I did sell some and I would have lost more if I had not sold some. I see the road back to break even as a long shot, but am hopeful. Thanks for your thoughtful comment.
Form D: Spoke with AGP and this is what I learned. The Form D does show a total offering of $11 Million and that about 5 MIL was raised in the offering which closed Aug 15. Those shares are not restricted and can be exercised (converted from Preferred to regular shares) after the registration is filed which the company has 60 days to do. The warrants are restricted for six months before they can be exercised.
The remaining 6 MIL dollars is for future use, if necessary and might or might not result in a subsequent offering. That offering would be separate from the one just closed, although the form made me think (incorrectly) that the offering was still open. It is not. The filing of Form D with the additional shares available for the future creates what is similar to a Shelf Offering. (Shares put on the shelf for future sales).
The 19 investors noted on the Form were all accredited or institutional. The non- accredited investors are not in that count.
As the shares and warrants would adjust downward in price if and when a subsequent offering is made at a lower SP, I personally believe it unlikely that any sales would occur unless the SP went above the original stock price or warrant strike prices.
Hopefully this information helps those who might have been misled by posts that claimed that the shares would be flooding the market this week and the additional allocation was for Verb employees as there is no truth to either assertion, based on what I was told by the brokerage.
Telex,
A ridiculous assumption that "no one here has lost money.!" How could that possibly be with the SP down over 90%. I am still long but have lost substantial funds, just to get real, which I would appreciate seeing more of.
No Jack. These shares can’t hit the market next week. The shares are restricted and cannot be converted for 60 days after a registration and the warrants six months.
I think not. Although I am not expert in SEC law, a done deal is a done deal, so all the participants in the SPA would have to agree to an amendment, common sense tells me.
You understand my point and I am thinking the Form D is a problem for Verb as it does not correspond to the exempt sale they made and attempts to alter it. WOW.
So are you saying that under this offering they could offer more at a different and lower or higher price than the 5,000 preferred shares already sold?
My point is that this Form D does not jibe with the original total offering as described in the SPA and 10 Q. Prior to today to the best of my knowledge the total offering was to be $6,000,000 not $11,000,000. From the 10Q 8/14!
They only were able to raise 5 million of the 6 so where is an additional 6 million dollars going to come from? And why was it filed so close to EOD on a Friday? And who is going to pay $1.55/share when the price is hovering around $1.00. This SPA took place when the price was close to $2.00. Seems crazy to me.
Form D issued today states it is "covering the sales of the 5,000 preferred shares etc" but when you read the 10Q page 130 of 178 (pdf version) in the section that describes the SPA (Securities Purchase Agreement)those same shares are for a total offering of 6,000 or six million dollars. Why does this Form D state 11 million dollars worth are offered with 6 million still available???.....that is nowhere in the previous description of the SPA and dilutes the offering theoretically X2. Wonder how those who participated in the offering feel about this? Perhaps someone familiar with private placement offerings could comment. This seems like slight of hand, although I sincerely hope I am wrong. In my thinking today's Form D should state "of a total of 6 million dollars not 11 million dollars."
Verb may be one of the top NASDAQ performers of the day, today. LOL. No one wants to comment on my post about the Form D filed today! Interesting.
Form D posted at 3:22 PM which might explain this move up. I saw it on my Fidelity trading platform---filed by AGP. It seems to summarize the recent private offering but there may be a surprise in it. It states the sale would be for up to $11 million and that $6 million is still "open." So perhaps as it is not registered yet, there is flexibility to raise considerable more funds. I don't know. There would be two sides to that possibility. One--funding to keep things going an additional 6 months and two, more dilution. As this happened concurrent with a huge spike up, I think the market takes it as good news. One caveat, my interpretation may be totally wrong. Have a great weekend all!
Most investors are not buying or selling today following Rory’s presentation. Within this forum there seems to be two points of view: “It was great…Directs signing on by the boatload and Salesforce security approval given” Vs. "Why trust anything Rory says, given his past track record?”
My quick math tells me they have to have roughly 200 Direct Sales Companies signed before that revenue can support both companies. Perhaps 150 would do if we had a more definitive take on the “add-ons” income. Either way he has kicked the can down the road (again) so I don’t expect to know anything about revenue projections until the EOY or with 4th QTR report. With Rory explaining the revenue delay with the companies waiting to launch until their annual or semi-annual meetings, I expect some investors to leave given another two quarter delay at least. Don’t believe "there are not sellers out there". They are patiently hoping for some price appreciation before they sell, and there are buyers out there waiting for a lower entry point. SP is in a stalemate right now, between the two. Some of the new DS companies came on board following the DSA annual meeting and were showcased on billboards for the 2Q report and one yesterday for the investors conference call. Will the pace continue? Should we expect a big CRM completion? Rory was very vague on those and totally shut off conversation about on Microsoft, citing criticism from this board.
Those who are relying on the AGP analyst report need to remember than in general studies show analysts have on average a very poor ability to accurately predict a future price target. Also, read carefully the “risks” section, or why the price target might not be achieved. I would put more $ in if I were confident of a 300% gain in a year, but I am not. Not with another offering likely early next year, based on current burn rate and uncertainty about future revenue.
In fact, I am very troubled by several of Rory’s comments: “There will be no R/S in 2019.” Hey, Of course there won’t. Not time enough to get desisted for sub $1.00 on the NASDAQ with the few months remaining in 2019. Wish he had said through “2020” and why did he not?
I think Rory had an opportunity here to hit the ball out of the park, but the ball is so deflated, he had to do much better. Slide shows are often helpful for investors updates, if you have content for them.
I will comment, when I have time, on how I experienced Rory’s handling of some of the other questions, including “Ultirus”, as well as my own experience with the Verb as a video creator. I am still very long the stock but a bit in shock.
I believe the offering proposed “up to 6 million” so one might conclude all they were able to raise was 5.
No. RORY did mention he intended to raise 5 million in his investor update (done) and said he intended to be cash flow positive by years end. (We shall see) A bit different from what you are stating.
10q out
Conference beginning momentarily. I don’t see filing?
Yes on hold
Go to App Store on your IPhone and google sound concepts developer. I count 19 partners so far! As each App is individualized, this looks like great progress to me.
Nope. Now $1.99. Turnaround time.
That is not the essence of the case I got from reading the complaint. Your assertion that Verb was less than careful and therefore responsible for the payment being late is not substantiated in the filings. Many things can be done differently in many situations looking back in retrospect, but that viewpoint doesn't change the facts of any situation or case.