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Great points
Not to the employee's mortgage companies, utilities companies, insurance companies, grocery stores.
I think attrition is as high as new customers, otherwise there would have to be millions more a month than the balance sheet is showing.
No ATVK was way worse, They supposed got 16M in financing then went dark
Depends who you ask and what they are looking at.
I was in nFusz in Jan before the great Oracle deal, down almost 6 figures, watched as bbooth for a while. bbooth came recommended by an acquaintance, one of the early investors.
So are you projecting min. 1.4M users x min. $19/mo each means a min. of $26.6M per quarter starting now?
You know if Rory wasn't making sure his own bank account was well funded by share holders, I'd have a lot more confidence in his commitment to shareholders, but the fact he is awarding himself so much for so many failures, speaks strongly to me that I've been a massive fool for placing the slightest believe in him.
If they were really doing as great as he touts, he would also be able to be more transparent with the true status of the paying customers and retention rate, rather than putting up local billboards for signing companies that few people have ever heard of. Now I don't care if they are not well known, so long as they are paying, but the financials really don't speak to that being the case. And those that are, Rory is getting paid, not share holders. He is going to walk away from this money ahead, ...our retirement money.
If he were really a stand up guy, he would take only stock at market value as payment, considering the state of the company financials. How much do you think he is going to award himself as a bonus for the selling this new offering? Longs get dilution, Rory gets paid. Maybe he should buy the entire offering himself.... Of that's right the guy responsible for the $2B Telx can't fund his own company, instead of bleeding it out. Yeah I'm no longer his fan, he's lied about 40 times too many.
I've imagined that for the last few years....
Going back to the OTC with a forward split would probably do more to drive the pps back up than any of these stories of success that never show up in the filings. If they really have 1M+ customers at even a modest $10/month they'd be showing $30M a quarter in revenue. Clearly that is not happening.
My concern is that Verb has a history of building new platforms from the ground up, but not one of them has been successful, so rather than being inspired by that news, I see elevated expenses and more delays. I just don't buy that hype anymore. Rory needs to 5h1t or get off the pot.
only $6.29, lucky!!
What is happening with this company? The web site is gone, it's domain name is for sale, yet the stock price is going up? Do people just like trading it?
1.16 seems to be the magic number today.
I hope you are correct, I tried to dollar average down before the uplist and lost even more, a lot more.
Every time nFusz or Verb states, "Verb Is Building a New Platform from the Ground Up", what I hear is more expense coming to keep the stock price down because Rory THOUGHT he knew what the market wanted yet again, instead of running a reliable requirements gathering process as part of standard and proper project management.
I understand you learn as you go, and need to tweak and revise strategy, but from the ground up every time????.
Been 30 days for a long time, don't ya think, count down clock is broken. Maybe more smiley faces will get it done quicker.
Sadly dollar cost averaging = screwed on your initial investment, now throwing good money after bad in hopes of modest recovery
It sure does
BTW Thanks for providing these transcriptions of the call
I completely agree with you on that point, but I believe all the excitement about being a universal replacement for Zoom, Skype, Webex, Teams, GotoMeeting, etc. is grossly misplaced.
If one does ZERO DD they would think Zoom, Teams, Webex, GotoMeeting, Etc. exist primarily for sales, but their primary purpose is business collaboration, PERIOD. I've used all of them with different companies for years.
Generally speaking, even in business, most companies have a well established process for purchase orders, they aren't going to have the procurement office staff watching videos and ordering off the company credit card via video call to action links, in place of managed contracts with vendors. So while Verb Live is likely to prove it has a niche, by the addition of sales tools to long established video conference calling, it will almost certainly never be a replacement for products like Teams that are included in productivity software like MS Office.
If Verb Live REALLY wants that space, they need to go back to MS and prove they can replace Teams for cheaper and get bought out. Otherwise it's likely to stay in it's corner of specialty sales tools until the next wiz-bang comes along, theirs or someone else's. They've already long missed their COVID-19 window of opportunity, the big scare is largely over, and the dust is settling. Another big Rory pump that did nothing but excite a few longs to buy more stock.
Verb is about to explode has been the message for years, so far it continues to disappoint because Rory is way more interested in paying himself handsomely than taking care of shareholders, many of which have invested heavily in him. Do you think he's lost a nickel? Potential that is perpetual but not realized looses its sparkle. My investment in Verb has been utterly demolished, as have so many others, while Rory hands himself bonuses on our backs. The BOD needs to replace him with a commission only CEO.
How many days now has it been 30 days?
Typically when Rory says, "they are killing it", he means that literally, when the stock price was at $14 he said that, and shortly thereafter it was $3.50.
When Rory says we (Verb employees, owners, BOD, and stockholders) are in this together, I'm asking where is the bonus to stockholders for the Nasdaq uplist? Not together after all. Where are Rory's losses? Not Together. He is getting compensated handsomely while his loyal longs have paid dearly.
He forgot to add a line item in the 10-Q under:
We generate revenue from the following sources:
* Grossly misleading investors
Right, not a single server, but to say no servers is misrepresenting. There are Lots and Lots of servers behind it.
Do you connect to a website for your browser to use it? To populate content?
The post wasn't what type of server, but suggested that no servers are used at all. That instead cloud(s) are used. My understanding is that clouds ARE servers, just run by different people. So calling a web application server-less, sounds more like a marketing gimmick than a technology.
If Verb really had 1M paying customers at only a meager $10/mo ea., that would be $120M/YEAR! be real, nothing in the financials to date supports this.
My speculation on Verb's taking advantage of the reporting delays, is that they are hoping to counter lots of bad financial news from Q1 with improvement in Q2 due to the lock down and shifts in marketing. Otherwise Rory would be rushing to the streets shouting about their financial success, because that would just make sense. Any opportunity to NOT drive the pps down during all of this chaos would make sense, especially if you hope to release new product.
I just wish they'd do it, always a day late and the opportunity has moved on. Like someone else said if the delivery rate equaled or exceeded the empty promises rate, Verb would be a rock star company.
Right, I get that they need INVESTMENT to generate a marketable product(s). No problem, what has been my rub has been the massive misses to projections that have decreased the share price so much that everyone that provided investment money during the pumps end up paying for the low prices now, so everyone else investing now end up with most of the gains when it goes back up.
I really feel like Rory was drunk on the value of his own ideas rather than on what the market wanted. I hold myself responsible for mistakenly believing him. It is that lesson that causes me to take pause with each new direction. That said, I've seen tenacity produce more success than any skill or ability, and Rory does seem to have that going for him, in the mean time, many lost years of other opportunity by having investment with Verb tied up.
Couldn't agree more. I fully expect Verb to rise again, but those that bought near the all time high have been impacted by the believing the previous bbooth and nFusz hype. Remember how Notifi was going to make everyone happy for the holidays, or how going to NASDAQ was going to be the magic bullet for massive new investment money to come in, which all fell woefully short of expectations and promotions. It's just the truth, and the cycle of rinse and repeat is taxing.
Nothing wrong and everything right to perpetually re-evaluate your investment.
Thank you, I didn't see any business collaboration functions listed, only video commerce streaming, is that somewhere else?
Has anyone here, promoting Verb Live as a direct replacement for Zoom, ever used Zoom in a business environment? And used Verb Live for the same? I'm not talking about video commerce, which is a smaller segment of Zoom's business.
IF Verb Live really has Video conferencing features, perhaps it will make this list of competitors next time
https://www.owllabs.com/blog/best-meeting-apps
I did not watch it.
If so then great, I haven't seen that nor have I done more than read Verb Live press releases, which only mention video commerce. I'm so tired of Verb hype that drives the stock price down, I've pretty much given up on listening.
Here is a link in the stickies, that never mentions Verb Live as anything but Video commerce, for example
https://medium.com/@stocksonhighalert_71657/zoom-stumbles-verb-live-the-solution-35039ae199c
And if you did a little DD on Zoom you'd know that it is primarily for Virtual conferencing, not for live video stream sales. Does Verb Live do virtual conferencing with screen sharing, chat, telephony, conference rooms, file sharing, and more? Zoom is usually used business to business for conference calls not for video sales, but I'm sure you know that.
Sure they can both video stream, but that alone doesn't make them direct competitors.