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You are correct IMO, and I would couple to that, the proof that he was willing to accept the $1M bonus for HIS BELIEF that he deserved it when the company was struggling in a big way. Employees were asked to take stock for pay, and the government paid wages, while Rory received $1M cash. That spoke to me that HE THINKS way more of his own performance value than many NASDAQ investors do, especially the longs, that he was "in this together with", that he sold up the river.
I would add that shorts did contribute, but not cause. Remember there were shorts bragging about trying to take the company down on the OTC.
Feel free to email him, using VerbMail. Realistically, I DO believe that Rory is working HARD to see the company forward, and clearly so are the employees, that have made great strides. The key issue all along has simply been Rory believing he was capable of delivering things that he thought he could, on the time line he thought would work. He was clearly unrealistic (as history has born out) and many of us believed him (that's on us). Hopefully Rory is learning that he's not superman and business doesn't just happen because he wants it/imagines it to, and that laying measured plans and executing with precision matters. If not then he needs to rely more on people that do understand that and don't fire them if he doesn't like them delivering realistic, rather than lottery results. But do fire those that don't perform and those that violate company policy (as has happened). This is just basic. You can't have a discussion with someone that is competing with reality.
For me the big question is if VERB/Rory is capable of delivering goals consistently and profitably. Presently, it LOOKS (according to Rory again, not a filing) like they are finally making headway. Building a co-location company (which was in demand at the time) into a company that would sell for 200M (which I assume would mean they only needed about $25M - $50M in yearly revenue to do) is small beans compared to taking a company to NASDAQ and becoming worth enough just for longs to break even let alone to become millionaires. And now several years later, even that level of revenue has not happened for VERB.
This is a tall order. At this point I'd be happy to get even 50% of my investment back.
Truly hope so
Yes the shorts are squeezing the longs
Comparing Bambuser
Did Bambuser promise and fail to deliver a timely giant relationship with:
Oracle
Major Tom
Odoo
Salesforce
Marketo
Adobe
etc.
Did it fail to deliver multiple meaningful promised products, while spending on their development
V2
V3
Tagg
Failing to be highly profitable by 2019?
Did their CEO take a $1M bonus while leaving longs in the dust after telling them how they were in this together?
Yes, VERB continues to develop and press forward but their track record of missed projections/promises weighs against them until they have a major break through.
Yes they uplisted, by taking the pps from $18 to $3, now to $1.
I understand comparing their offerings looks promising, but there's more to the picture than that. What about comparing the confidence in the CEO's word when it comes to forward looking statements, based on his history?
I look forward to seeing if VerbMail gains traction, whenever it shows up for public consumption. Then I wonder how the general public will become aware of it. How many of the 1.6B (?) general Outlook users even know that https://appsource.microsoft.com/en-us/home even exists, or go there looking for new features regularly? That takes broad marketing.
The new capabilities look great but people need to know they exist WHEN they need them(I.e. Nov. 2019), not just After the major COVID threat is passed.
Somewhere in between -100% and +100% sentiment is reality.
There are mostly 2 groups here, those that have no good to say, mostly that have lost a ton of money/value and the reciprocal, the relentlessly optimistic, hoping Verb will be a lottery ticket.
Here's some questions:
Is VERB fighting to emerge as a successful company? YES
Has VERB made a TON of progress? YES
Has Rory been wrong and grossly misleading routinely YES
Has VERB missed nearly every promised delivery date? YES
Have many of the supposed giant clients and partnerships vaporized? It Seems So.
Was it intentional? Who knows....you'd need to inspect each incident individually
Has Rory taken a $1M bonus while investors that believed him paid of it? YES
Has VERB signed new customers after a dismal Q4 in 2020? YES
Are there REAL reasons to think that VERB will become profitable? YES
Are there REAL reasons to think that VERB will run out of cash before doing so? YES
Does the stock price look anything like most people thought it would by now? NO
Is that good? NO
Is HOPE and good will meaningful DD? No
Is frustration and resentment meaningful DD? No
Facts matter and calling sentiments FACTs doesn't, unless your sentiment is to become a paying customer of course...
Realistic promotions at that, not ones that say 3000%, no one believes that. That kind of thing repels sensible customers, rather than attracting them. If the products were 3000% successful, the sign up page would be crashing due to volume.
Instead this is on the first page:
Zoom for Outlook
Last week, Millions of trades, today 300Kish so far, really hops around
https://www.globenewswire.com/news-release/2021/06/08/2243799/0/en/VERB-Management-to-Discuss-Company-s-Application-Solutions-for-the-Growing-Livestream-Ecommerce-Market-at-A-G-P-s-Tech-Talk-Webinar-on-Thursday-June-10-2021-at-11-00-a-m-ET.html
VERB Management to Discuss Company’s Application Solutions for the Growing Livestream Ecommerce Market at A.G.P.’s Tech Talk Webinar on Thursday, June 10, 2021, at 11:00 a.m. ET
Microsoft Outlook Integration of VERB’s interactive video sales technology set for commercial release in mid-June among Company’s leading revenue catalysts
Company reported Q1 2021 SaaS recurring revenue growth of 38% year over year and 12% sequentially
Powerful affiliate marketing technology feature was recently added to its livestream ecommerce app verbLIVE to drive adoption, participation, and revenues
NEWPORT BEACH, Calif. and SALT LAKE CITY, June 8, 2021 (GLOBE NEWSWIRE) – Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, today announced that CEO Rory J. Cutaia and CFO Jeff Clayborne will be featured guests at the A.G.P. Tech Talk fireside chat webinar on June 10, 2021. The event will be hosted by Brian Kinstlinger, Director of Research and Head of Technology Research at Alliance Global Partners.
Webinar Date: Thursday, June 10, 2021
Webinar Time: 11:00 a.m. ET / 8:00 a.m. PT
Registration Link: A.G.P. Tech Talk
VERB management will discuss the growth of livestream ecommerce in Asia, its growth potential in the U.S. and other markets, and how VERB is well-positioned to capitalize on this growth with its interactive video sales enablement SaaS applications. They will also discuss the upcoming commercial release of the integration of VERB’s interactive video sales technology with Microsoft Outlook (a platform with over one billion users), new hypergrowth initiatives in livestream ecommerce, and the Company’s strong Q1 2021 financial performance.
To attend the webinar, please register using the link above.
About VERB
Verb Technology Company, Inc. (Nasdaq: VERB) transforms how businesses attract and engage customers. The Company’s Software-as-a-Service, or SaaS, platform is based on its proprietary interactive video technology, and comprises a suite of sales enablement business software products offered on a subscription basis. Its software applications are available in over 60 countries and in more than 48 languages to large enterprise and small business sales teams that need affordable, easy-to-use, and quick-to-get-results sales tools. Available in both mobile and desktop versions, the applications are offered as a fully integrated suite, as well as on a standalone basis, and include verbCRM (Customer Relationship Management application), verbLIVE (Interactive Livestream eCommerce and Video Webinar application), verbTEAMS (a Self On-boarding version of verbCRM with built-in verbLIVE and Salesforce synchronization for small businesses and solo entrepreneurs), and verbLEARN (Learning Management System application). The Company has offices in California and Utah. For more information, please visit: www.verb.tech.
FORWARD-LOOKING STATEMENTS
This communication contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “anticipate,” “expect,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements contained in this press release relate to, among other things, the Company's projected financial performance and operating results, including SaaS Recurring Revenue, as well as statements regarding the Company's progress towards achieving its strategic objectives, including the successful integration and future performance of acquisitions. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to the COVID-19 pandemic and related public health measures on our business, customers, markets and the worldwide economy; our plans to attract new customers, retain existing customers and increase our annual revenue; the development and delivery of new products, including verbLIVE; our plans and expectations regarding software-as-a-service offerings; our ability to execute on, integrate, and realize the benefits of any acquisitions; fluctuations in our quarterly results of operations and other operating measures; increasing competition; general economic, market and business conditions. If any of these risks or uncertainties materialize, or if any of our assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by these forward-looking statements. Investors are referred to our filings with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.
Investor Relations:
888.504.9929
investors@verb.tech
Media Contact:
855.250.2300, ext.107
info@verb.tech
A link in my TDA account under 'Reports & Ratings' for VERB stock
It shows current recommendation to sell but long term projects up by 13% for 2021 and 2022 on page 3
I'd just like to see them deliver just one time with a giant company, as suggested routinely in the forward looking statements that keeps swinging the pps
It was suggested in the Nov. 2020 call it would happen in December. 6 months later still not done
Which is exactly why I think they need to add a focus on social media. Social media CRM based marketing, has been wildly successful. Imagine all the 7-15 second videos that get passed around by the millions, with automatic interactive links, allowing teenager content to include some targeted links to relevant content.
I thought the same thing. If any product REALLY increased sales by the claimed percentages, every salesperson in the world would know about it and be knocking down their door to get it. I've always thought even mentioning those rates would cause people to instinctively question the company's credibility, perhaps even sending them away without a second look. If it's too good to be true....
If it's 3000% too good to be true....
I will give Rory and the VERB team all the credit they deserve, I'm not a naysayer, I'm realistic, that is all.
I agree with that Verb has greater POTENTIAL now than ever before. No question about it. There are also those of us that believed Rory and threw everything we could afford at it, in part because we believed him to be credible and reliable. That did not work out, and never will, because of years of lost growth. Averaging down, is just trying to pay for bad money with more money. Yes it might work out, but until it actually does, it's just out there in a high risk zone. That would be great if it moves up, but if you go back through all the posts, it's ALWAYS just around the corner and yet never comes before more dilution is needed. Every time that cycle repeats it gets harder to believe the NEXT BIG THING will somehow be different. It's about time VERB comes through in a big way not just big speculation, otherwise make smaller speculations and deliver like crazy, starting with right-siding the receivables vs the payables.
Yes until then, longs took a bath
Yes, but when the SP was near the all time high, Big R was still saying that was nothing yet, this was going to the moon, especially with the NASDAQ uplist, and many folks on this board supported the notion of $50-$200 pps. So while it IS each investor's responsibility to make their own decisions, it's most generally accepted that the CEO's words must be considered as part of that. Those that believed him, lost value, a lot of value, and further they lost opportunity to reinvest in other opportunities, because of that lost value and the duration of it. There's really no arguing that did not happen, you were there too, I remember many of your optimistic posts.
Yes those of us still holding are hoping to see some of that recovered, but the chances of it equaling the investment and still further blowing past it, are still to be seen.
It's not so much that many had anything against Rory and the company when this started, it's because he was so wrong at critical moments, that caused long investors to loose so much value. It makes little sense to defend those actions. That doesn't mean some positive things won't eventually work out, but holding someone accountable for misrepresenting the forward looking statements, when he almost certainly knew some were inaccurate, isn't unreasonable. Perpetually believing, in spite of, and ignoring all missteps... I'll leave that to parents and coaches, because my account value is more important than blind loyalty to a stranger and his company.
The people that made the most, did the opposite of what Rory predicted.
It's certainly less than current volume, but it was the biggest value I've seen sit for a few minutes, it went away fast, but, someone wanted a notable slice
151,500 shares on the bid!
That's not true at all 100% conversion is NOT necessary in order for demand to proceed revenue.
1%-99% would be just fine too.
But it's a lot more rare for revenue to proceed demand.
I don't know for sure, I believe they were working on their own, similar initiative, FB LIVE
What is FB's core business model?
Social media coupled with CRM, in order to focus marketing to consumers, which has been wildly successful.
I'm still waiting for VERB to figure that out and develop a social media platform that is appealing to young generations.
The Interactive sales, DO appear to have some value, but literally nothing compared to the marriage with the giant market that comes intrinsically with social media. I really think VERB would become an instant sensation if they shifted gears. Their current efforts, to date, have not delivered the anticipated interest, ...well anticipated by Rory, but not so much by most markets.
Nonsense! If you've ever started your own NASDAQ company, you'd recognize that what Rory has accomplished and his tenacity are remarkable. That is not the problem. It's the undue pumping by him and others, and failing to achieve the promises. It's the spending in extreme excess of revenue income. It's the premature taking of a giant bonus while failing to deliver share holder value.
Last call for cheapies, hasn't been true even once over the last 5 years
One big problem for Verb is Rory continues to talk about success that will be, rather than being able to reveal in what is and what was. Sure they've taken on new client and revenue, but it's lost to the noise of spending and financing. It's the same behavior several years running. Promises with marginal value results.
As a friend used to say, "If it's 50 to 10 at half time, it's time to reevaluate your game plan." I believe this can be fixed, they have traveled a long challenging road, but the funds to journey further are getting more scarce without some real success in the form of big revs. They've been around more than 5 years, time for the books to go black.
Could be, the short interest has doubled in the last 2 months, once that pressure subsides, the price may rise.
https://www.nasdaq.com/market-activity/stocks/verb/short-interest
I feel like having a new CFO, one that will stand up to the DEO and say, let's fix the balance sheet, is desperately needed.
Who knows, maybe MS will bail them out if they really like the integration.