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Revenues from each matter, names alone mean nothing other than more trial accounts, or maybe just a few accounts from 1 or 2 people in the marketing department. It's only when trials turn into LARGE numbers of paying customers that new sign ups have any importance. In fact, If there are tons of new trials without significant conversions to paying accounts, its BAD for the company, as one bad review is worth 10 good ones.
The problem(s) most skeptics have is not if any progress has been made, it's obvious that it has. The bigger concerns are still how much of what Rory says can be believed, he has proven an extraordinarily unreliable source as relates to projections, and if it weren't for regulations, who knows what data we would know about the financial state of the company. He certainly doesn't give out much CURRENT financial data helpful to investors that he isn't required to do. Secondarily, what we do know about the spend vs. income rates is alarming, especially to early longs, whose share value has been virtually obliterated as a result of dilution and remaining true to bbooth/nFuzs/Verb while Rory takes generous remuneration.
Reminds me of that dog food commercial jingle
Hopes and Prayers N Hopes and Prayers N Hopes and Prayers N Hopes and Prayers
VERB is perpetually "so close to make or break", Rory is good at that.
They go upside down millions a month, it won't last long without 10s of millions coming in.
I took to heart something I heard Tenkay say, "I make my money on my buys". So I see this movement as positive, soon I should be able to buy more at much better prices. :)
Yes, it is classified as speculation not investing. For me, Rory's $1M bonus in the middle of it asking employees to accept stock in lieu of payroll compensation, told me more about him and the BOD than any previous event or statement.
Investing generally returns a revenue stream, whereas speculation is a lottery ticket.
And if/when they announce yet another round of financing, it's likely the pps will tank, unless accompanied by some extremely unlikely special circumstance, like, say MS is going to fund the financing.
Give it time
If Verb Ever Hires an EX VP from MS, we will see
Nor is interactive video being used to sell interactive video
That misses the point, there was no need to rebuild Sound concepts, rather than gut it, at least they'd have some real revenue to talk about. Naturally it takes time to build something, but for every Fortune 100 company there are 100's of thousands that never make it, or simply operate in mediocrity perpetually.
On the call Rory was hoping like crazy to see more competition. So far the lack of, can be classified in 2 main categories.
1. Not enough awareness of a good idea.
2. It's not a winning idea.
As long as Verb has been attempting to hook up with big players, that give it a spin then move on, #1 seems unlikely, favoring #2. Without adoption, all the best hopes just aren't going to equal success.
I think in Rory's mind, if he's just positive enough, the world will fall in love with his baby. But so far his baby hasn't wowed the world.
I have a hard time not imagining shorts having a feeding frenzy with this report for the next 3 months, after all the bragging about MS VerbMAIL 'integration', Pulse, LIT, Attribution, etc. that should have produced some noticeable upswing, beyond the aberrant few hundred thousand for the millions spent. Maybe it will see another round of Meme activity to save it.
It was enough to stay in business with 80+ employees for 25 years without financing from longs.
Brian from AGP finally asked a couple decent questions, how long before AGP rescinds that $4 target price, or at least changes the year they project it for?
Rory side stepped all but the 600,000 users question. At least he did admit the the penetration level in the enterprise customers is low, surprised he said it out loud. But avoided Any break down of paying customers.
He also said he hasn't seen much shift in competition, but invited more because this is a huge untapped multibillion dollar market. (Code for, not much interest, someone please validate my idea, so I don't look so silly out here alone).
I have a hard time seeing how the pps doesn't take a nose dive for another quarter or 2. I wonder when Rory's next $1M bonus happens?
How many times are you going to say "ex-VP from Microsoft" who was never a VP at MS?
I took it from Rory's Profile
FOUNDER, CHAIRMAN & CEO
Company Name Telx Group, Inc.
Dates Employed 2000 – 2006
Employment Duration 6 yrs
Location NEW YORK CITY, NY
https://www.linkedin.com/in/rorycutaia/
You might want to let him know his linkedin profile needs updated
Same dates here, 2000-2006:
https://www.crunchbase.com/person/rory-cutaia-0726
And the merger listed in this lawsuit:
In August 2000, Cutaia, Feldman, and other investors formed Telx to provide interconnection facilities and services for telecommunications and internet service providers.
On October 3, 2006, the defendants GI Partners Fund II, L.P. and GIPartners Side Fund II, L.P. (collectively, “GI Partners”) acquired all the outstanding stock of Telx through an all-cash merger.
https://law.justia.com/cases/delaware/court-of-chancery/2007/95210-1.html
8-K out
https://www.sec.gov/Archives/edgar/data/0001566610/000149315221019447/form8-k.htm
In accordance with Section 8(a) of the Certificate of Designation of Rights, Preferences, and Restrictions of Series A Convertible Preferred Stock (the “Certificate”) of Verb Technology Company, Inc., a Nevada corporation (the “Company”), the Company has elected to convert (the “Conversion”) all of the outstanding shares of the Company’s Series A Convertible Preferred Stock, par value $0.0001 per share (“Preferred Stock”) into shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”). The Company made the election following a determination that the closing price of the Common Stock met the requisite trading price threshold for at least twenty (20) trading days within a thirty (30) trading day period.
As a result of the Conversion, the Company has no shares of Preferred Stock remaining outstanding.
Rory doing Earnings Call on a Monday, instead of letting the pain simmer all weekend is an interesting twist.
https://www.globenewswire.com/news-release/2021/08/12/2279360/0/en/VERB-to-Host-Second-Quarter-2021-Earnings-Call-on-Monday-August-16-2021-at-5-00-p-m-ET.html
Now this is funny, updated August 2021
https://wallmine.com/nasdaq/verb/officer/2112594/chad-thomas
Rory Here:
https://wallmine.com/nasdaq/verb/officer/2112453/rory-cutaia
List of Cxx at the bottom
Telx was sold in 2006, you think it has remained unchanged for 15 years and still viable?? The people that grew Telx another $1.7B+ dollars, that bought the company 15 years ago, get the lion's share of the credit, really wish everyone would stop pretending Rory did that and gets all the credit. Yes he stayed on as a transitional consultant, after selling, that is table steaks of buyout mechanisms. But Rory did NOT generate $1.7B.
If Rory could so easily make a couple Billion, he has failed to pull out those skills since bbooth ... almost 9 years....
I disagree as well, that the ratings on Oracle and MS app stores are as representative as say those in the Google and Apple stores. Different crowds of users. Business consumers vs. personal consumers (who see the app stores as personal stages for their opinions). There may be some correlation, but that's probably not a thing to get too hung up on.
I'm guessing today is not the ideal day to be shorting, chances are the fireside chat will be exposing many to the new features. I wonder if buyout talk will be breached?
Probably so
In fact, multiple. Doubled our revenue every year for the first 4 years. Of course things don't always go as planned, that's why you don't make promises and statements that have a high degree of uncertainty. Simple really. Just be realistic, rather than fervently overly optimistic.
No one needs defended that simply keep their word, and/or don't make promises, impossible to keep. GLTA as well
Regardless, he still said cash flow positive by the end of 2019. His words, even if he back pedaled.
IDK how long you've been with VERB, but many here have been here for years, and many have lost VERY large investments believing in what Rory says, only to learn the hard way, that much of it is vaporware. Before you try to school everyone that has travelled the full bbooth->nFusz->VERB journey and learned all too well Rory's track record, commentary, and behavior, just make sure you're own DD is solid. Rory has made a LOT of promises that turned out to be utter BS, he has also landed a small handful correctly. Largely, his projections have been consistently wrong. Was he misleading or just inept, that's for individual investors to decide. If you want to go back to the beginning of this board and read all the messages, to present, you'd probably gain a much deeper understanding of how many times this has been rinse and repeat, new gimmick same behaviors.
I'd guess most here want VERB's PPS to rise and VERB to succeed, some are just far more realistic than others. All the potential in the world means nothing if not converted to measurable success.
This was an interview from 2019:
Justin Butler: Rory, when do you anticipate being cash flow positive?
Rory Cutaia: Our current model indicates that we will be cash flow positive by the end of the year, but I’d like to be able to give some guidance on that and I’d like to wait until we have filed our second quarter’s earnings, and then I’ll provide something more definitive at that time. That’s what it’s looking like right now.
Justin Butler: Okay. Next question: How do you intend to finance operations until the business is cash flow positive?
Rory Cutaia: We have existing cash that we raised in connection with the offering, and some debt that we raised. In addition, we will take on traditional bank debt, not the kind of crazy, toxic things that you see OTC companies do, we don’t need to do anything like that.<Oh, you mean like OTC nFusz did?> So, we’ll take on some traditional debt, and that, together with what we’ve raised and the cash that the business will generate, we should be in really good shape through the end of the year and beyond.
So all the financings since are classified as "really good shape'?
Has anyone pulled the FINs on TELX, while under Rory's ownership? Was it genuinely cash flow positive and 'Highly successful' or did he simply get a $200M buyout due to the market he was in? Just because we was retained as a consultant afterwards, in my book hardly attributes credit for growing the purchasing company to 1.7B, as the bulk of that credit goes to the new Cxx team. Most consultants are only present to ask operation questions of as part of the ownership transition, not to develop growth strategies.
He could see to MS right now for $200M and no one would give him credit for MS's future growth would they?
If VERB could beat estimates and correct the payables column on just one Q, the shorts would back off, until then this is going to be highly volatile, pitting hopeful PRs against questionable financials.
Honestly I'm happy there's a bunch of new money here, to help us longs recover from the 15:1 RS and the uplist. A whole new crop of hopefuls.
So it's down from AGP's $4 price?
This will continue it's traditional slow slide down until there's a good reason not to. Either another pump, real financial improvement, or the hope of a demonstrable partnership earning revenue for VERB. There's always going to be a new reason to hope, but nothing new so far in the financials to expect much other than volatility. Hearing unquantified statements about new customers and 'integrations' (if you can really call them that), is meaningless without the fundamentals in finance and sales to support it. Just because Microsoft has 1B Outlook users doesn't guarantee VERB will pickup any of them, outside of shareholders. This Q should be very telling, as they have been touting tremendous customer gains, but that is not new either coming from Rory.
As Susa said, I wouldn't be surprised to see it fall below $2 again before things start heating up again.
A Lot of big buys, seems many are taking a long position, if the FINs are improved, and many of those new buyers must expect so, I'd guess the pps should start moving more aggressively.
Some big buys moving in again...
11M+ trades today and the price has plunged, I'd guess a fair amount of shorts are back, and/or it's just falling from PR enthusiasm back to fundamentals.
Someone mentioned something about a potential PR with gmail, is that a guess or is there rumor?
If the financials work out as well as Rory claims the customers are rolling in, the fins should be a significant up tick and the pps should see a dramatic upswing