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It already has burnt and exploded.
Don't worry. Nobody was watching.
CUIN2, who are the Verb peers now?
VERB is now all about diversity? Is that a new pivot to Rory's political career?
:) Agree.
How are shareholders feeling about being abused and now paying to put the VERB crew up in NY for a week and pay for Rory's celebration?
I'll bet that when the first disclosure regarding institutional holders is made, there will be no a name that you'd recognize. Most of the stock sold by AGP is likely to have ended up in the hands of fast money accounts like trading and hedge funds.
They knew they could get a ridiculously low pricing which would make the risk of a loss minimal and were likely sucked in by Rory's ability to hype the stock so that they could get out at a profit in a relatively short time. Sure they told Rory they'd hold for years. Rory is not the only one who can BS. jmo.
There are no institutions.
The exposure is meaningless. When was the last time you bought a stock because you saw the company ring a bell? I don't know of anyone who has.
Can you name three companies that rang an opening bell in the last month. I don't even know one. Anyone watching tv at that time doesn't have much to do.
Another day. Another deal. Another zero on the income statement.
Yes, that and finding a cure for cancer should get it right back to $45.
If this is a big victory for Rory, I don't want to see what a disappointment looks like.
Congrats to all the longs that did such great DD.
VERB "PEERS" will be so impressed they'll double their existing business with VERB to 2 x 0.
If there are any so called "institutions" participating in this offering I'd expect them to be the same crew that previously funded FUSZ toxic debt.
Back for more profits from Rory.
Rory will have to come up with a new culprit for why this company can't sell anything. When he finds something to blame, or needs to pivot some more, you can talk about that.
$4 will probably get some people here more excited.
So Rory says next week is "pivotal".
Always another pivot coming in VRRB. New symbol should be PIVT.
The only thing in perpetuity here is the "pivot".
What do you call a partnership with no revenue?
Answer: A VRRB partnership.
Not if the participants in the transaction have any sense or knowledge of economics.
Let's test your knowledge.
Econ 101 Problem:
You have 10 cookies to sell. You have 20 buyers willing to pay your offering price of $1.00 What do you do?
A. Raise the price.
B. Cut the price.
C. Keep the price at $1.00 and have a lottery drawing to see who gets them?
D. Call the cookies VRRB's and sell them to the buyers who'd be willing to pay less than 50 cents.
Ringing the bell on NASDAQ is looking like the trip to Hawaii.
His VRRB credit card was declined at the Marriot :)
A major new institutional investor is in the deal. Jimmy's Hardware 401k plan has indicated to AGP that they're in for 1000 shares @ $3.65 after a road show presentation by Rory at the Waffle House.
WOW! Welcome to the NASDAQ.
? Why haven't existing shareholders been offered participation in the deal?
You're in for a surprise. My take is that Rory can't find anyone to pay anywhere near the current market price. He needs enough money to close the SC deal and to fund current expenses until VRRB can try to actually sell something. Unfortunately most holders here will probably regret that they ever bought the stock ahead of this offering.
You can be sure it's not due to the large number of potential investors :)
Buying a warrant alone is speculation. You lay out the cash now to own it and it may never be worth anything. That is not an investment, it is speculation. Like buying a call option a security that may expire worthless. Most warrants in fact do expire worthless.
Warrants are not purchased by real investors without owning the underlying stock. A warrant is like a call option. It's a deal sweetener.
Buy this stock and we'll throw in some warrants so that if or when the stock goes up you'll get a bonus for taking the risk of owning a long shot.
Institutions would not pay to own a stand alone warrant on a security like VRRB.
Think about it. What happens if Rory decides he doesn't like the price he's being offered?
Answer: No deal gets done. No Sound Concepts. No other sources of cash.
The only chance Rory had was to find enough suckers who'd believe this business at the present time is worth $15. It's not.
I'll go with one although zero is probably the right answer.
After watching Rory's video from yesterday I think this is going to be bad. He's warning investors that he's looking out for their long-term interest.
Said another way, I'll take whatever I can get to keep this thing alive for your benefit. So, if I have to take $5-$7 a share in the offering, so be it.
Fyi, highly anticipated offerings typically have road show presentations for institutional or large accredited investors in about a half dozen cities. The fact that VRRB is doing did 50 or 60 presentations shouldn't be considered an indication of demand.
Unfortunately you don't have any idea what you're writing about. The price is not "set".
The new potential investors tell AGP how many shares they'd be willing to buy at a particular price. It doesn't matter what Rory or AGP think it's worth.
Since any investor of any size will quickly realize that any investment they make in VRBB is essentially throwing them a life line without which they'll probably be out of business in a few months, they know they have leverage to get the best price possible.
If VRBB were 1/10th the value you think it is, this deal would be getting done through Goldman Sachs or other recognized tech underwriter.
Accept it for what it is, a speculative offering by a company that is dead in the water without the deal getting done.
Price discovery in action as AGP finds out what the road show participants think of VRRB.
Only thing missing now is an incentive for ORCL to sell it.
With what they make on the deal as reported, I'd be surprised if they could get any salespeople in a room to be trained.
Here's a couple of questions for you DD experts with connections to fusz:
How many people are in training sessions today at Marketo and ORCL?
Why do they need so much training when we've seen several videos on line that do the training in under 5 minutes?
I'd be shocked if it's 1/10th that #.
The landscaping company is in a contractual relationship with ORCL. I'm equally impressed by that.
Rory was guilty of pumping the stock earlier in the year. On one call I remember him saying that the stockholders shouldn't sell because the stock would be worth above $20.
After the stock started falling I think Rory and the company became nervous about potential shareholder lawsuits and hired the PR firm. They told him to shut up and that's where we are and will be until this company starts to make some money. End of story.
It's not clear that it would be material. Take the ORCL deal, there is still no evidence that it's produced any revenue. Why would a deal with any other CRM company be material until it demonstrates profitability?
For damage control Rory will announce they'll be selling fusz hardhats on the website :)