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It takes a lot of 9.95 and 24.95 charges to hit a BILLION dollars. Your optimism is much greater than mine, I hope yours is the correct take on it.
Sensible evaluation over enthusiasm, well done.
Who thinks this is going down again after a couple days of post PR buzz?
And this 3M new dillusion
https://www.sec.gov/Archives/edgar/data/1566610/000149315220016145/form424b3.htm
I moved all my traditional IRA VERB stock to my ROTH IRA, might as well pay the taxes now before the growth.
No, Long term revenues (I.e. Time) are the real metric
Remember the Oracle integration??? It too was sitting with 5000 other apps and generated nothing of substance.
Remember the Oracle PR that never came and Rory said it doesn't really matter? It mattered, a lot.
Remember when Verb was supposed to be integrated with MS Office? Gueess what if it had been in a timely manner, COVID-19 would have been a cash cow.
If there's one thing I've learned about this stock, it's not to get my hopes too high, because they have a long track record of disappointment.
Only time will tell if this is another fleece by the master.
You don't think that most shorts are day traders? Unlikely many hold short positions for great lengths of time.
Do you think the PR tonight will be delivered on VERBLive?
Isn't taking an giant bonus for stock dilution effectively the same thing as an insider selling stock? He sold stock and took cash.
Susa, Appreciate your thoughts, I just wish Rory and Jeff would stop rewarding themselves so handsomely while the share price tanks due to their budgeting, among a host of other concerns. If share holders are not making money then neither should they be raking it in.
Here's some news
VERB to Launch New Live Streaming Interactive Video Webinar Platform
Oh Wait that was November of LAST YEAR, way before COVID-19 Shutdowns. Go VERB!!
But then there's this:
ZOOM Stumbles. VERB LIVE The Solution!
Nope that was over 4 months ago. Go VERB!!!
I need this to go above $8.50 just to break even, Come on.... VERB!!
This cracked me up
Rory and Jeff are the worst. BEEF UP the DD. I'd love to know what exactly it is they think they've done to deserve a nickel in compensation while they've robbed investors of millions and millions, with lies and unfounded hype. Many of us will never recover while he pays himself handsomely for doing nothing but raising money to spend recklessly. Utter BS. He should go to jail for what he's done.
A good time I think to transfer all my VERB Traditional IRA stock into my Roth...
For an attorney CEO, it's an incompetence burger
Rory is probably bidding his time to let those expire and write them off the balance sheet
And a lot of hope to recover 90%+ losses
I especially enjoyed this line, clearly data auto populated into an article.
At least Verb got a whole year's worth of income in one offering this time. $13M. What is that, something like 1/100 of 1/2 of 1% of the market?
I did try to average down, and every time it went down more, making it seem like pouring money in a toilet. Some of my shares sit in an account I don't touch and I see the depreciated value daily, some in another account I've finally decided to flip as often as I think I can make a few percent and have been able to nearly double my share count in that account. Tenkay once said "I make my money when I buy, not when I sell.", or something like that. That has really helped me. Now I set my low price and yet, and verb is good at delivering those prices given a little time.
It seems to me that averaging down is little more than trying to offset a bad decision with a hopeful decision.
I was new to investing and fell for the PR
See you next week if nothing happens either ...
A good reputation is long and hard to build, but swiftly destroyed.
If Rory was riding on a good reputation due to his building a company and selling it for $200M (which seems no where to be found to help finance VERB, but I digress), he has utterly demolished his reputation with the last 4 years of wildly misleading representation of his "deals" with the super companies and endless missed release dates. Instead VERB signs up companies little known throughout the majority of the population, providing a modest revenue stream compared to Telx. In addition, his cash burn rate is alarming.
It's going to take a long time (or a rapid rise due to unexpected real deals) to recover from his behavior. There are a lot of lottery longs that STILL believe he's the Wiz, but his once believable reputation is long gone for many.
I've learned the most likely path to recovering even a modest amount of the lost value in Verb is riding the pumper volume and flipping some of the 15:1 shares I have left, because the shares I bought at $42 are little more than dust presently. Even if the current price rose to $15 and we did a 1:15 forward split, those shares would still be a significant loss and the PPS would be $1. The only longs with a real chance are those buying now, not the ones that funded the company.
But I'm sure he'll take a trip to Maui with the new cash.
You know what won't be stagnant? Someone now has another 10M in investor money their pocket to spend recklessly... just wait until we see the different between outgoing and incoming next quarter. He's eating more ice cream because his seatbelt was fastened. The Sheriff is there too, ....longs.... not so much.
The Ultimate Short is Rory himself, everything he does lowers the stock price.... he's a genius after all, made a company almost $2B !!
Rory said longs will be really happy for the holidays.
Since when was the burden of disproof the responsibility of the party rejecting the wild claim? So far TenKay has been more accurate than any other poster on this board in what to expect. I for one wish I had realized that sooner.
Do you think an RS would drive interest at the new float level?
Doesn't every CEO believe they are worth more than the market does, especially small cap companies?
It's proof of human nature not proof of legitimate value.
Have you seen anything on TaggMed, I actually thought that had some merit?
So you really think Rory as a consultant, made the $1.7B (I stand corrected it was from memory) gains? If he made that much of a difference he'd be able to fund VERB now, but he keeps going external funding.
UmmmmKayy.....yeah right it was Rory that did it .... he was that good, but lost his touch going to NASDAQ .... Sure
To be Fair Telx wasn't worth 1.8B when Rory sold it, it was worth 200M, the new ownership added the additional $1.6B in value, Rory doesn't get the credit for this.
You'd think Verb would do more SEO work, I mean that's table steaks of conducting online business. You pretty much need to know specifically what to search for in Google to find anything meaningful about Verb as a potential client. With all the millions spent developing and office space and billboards, etc. no SEO work??!!
I even put in "interactive video sales software" Verb didn't even come to the party until the 2nd page and that was only because other people wrote about them.... in January...
Sadly, stock compensation doesn't pay the bills, like I said financing an expensive office, useless billboards, and the CEO's ridiculous undeserved salary with employee pay, is low and desperate. Why does he deserve that much in compensation considering the current state of affairs?
How about cancelling all the billboards, paying himself the billboard budget to cover his base expenses, and take the rest in options? That's be fair and more in alignment with his enthusiasm about the company's outlook. Is that unfair to expect while his employees are certainly struggling to deal with their 20% cash flow decreases?