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The Fundamentals would look GREAT if Rory wasn't spending like a drunken sailor, and taking a Million dollar bonus while paying employees with government loans money and company stock, because Verb couldn't afford payroll. Yes there have been improvements, but at a rate that is far outpaced by the spending. That behavior is not sustainable and appears to be coming to a summit.
There was the uplist
That same line has been used countless time over the last several years. The only people becoming millionaires on verb so far are Rory and shorts
I think it was $4.99
So what's you take on why this news was delivered in the selected time slot?
That's a big play for Verb, definitely a change of tactic, as compared to their history. There must be a purposeful reason for the change up.
A big question is, will it still pop with NASDAQ being down so much?
I highly suspect you are correct, and further I suspect others feel the same and are driving the pps down via shorting to get the best prices on long positions, prior to a pop. Also we can't ignore NASDAQ being down 1,000 from it's recent high, that HAS to impact VERB.
Not only during market hours, but NOT on a Friday so the bad sentiment can fizzle down all weekend as has often happened.
I wonder why there are no calls to action during the video?
Strong vs. Foolish is a definition to be determined by the future, everyone is placing their bets on the table. Pretending to be certain of uncertainty, is pure foolishness, unless you get lucky....
But not so risky for Rory, pretty sure he has recovered his entire initial investment plus more, so 'in this together' is not accurately representative.
Some people think 1% of 1.8B users is possible. I think that is an extraordinarily high estimate, to me 1/10,000th of 1% is far more realistic.
That said (1,800,000,000*0.0001)*$10month = $1,800,000 month or $21.6M/year.
That would still really move the needle for Verb.
If you go with 1/1,000th of 1%, it would be $216M / year
So if this happens I have to agree, things should really change. If it's another Rory misguidance, I don't see how they could recover. A lot hangs in the balance with the MS attempt.
If great news of real revenue and partnerships would come in, instead of always being just around the corner, the price would respond bullish, but when it's dilution as usual, what else can be expected. Maybe if Rory took that $1M bonus and bought another 625K in stock at the last offering price, investors would believe a little more.
Oh I think this would be rising as you say, were it not for the company history, Rory has a long way to go, if he's ever to restore his credibility with many investors. Some have never lost confidence, it's their money, so be it. When others have lost 90%+ value, they decided to reconsider their position(s).
I'm all for Rory digging deep and recovering the stock value it once had, but time is money and waiting and hoping, seems less useful to my account value than participating in the volatility created by the CEOs unfulfilled commentary combined with his new initiatives to pivot and find the market he thought would respond to his ideas. I thought Instagram and snapchat were stupid, but there's a market for it, it seems there is a niche market for Verb too, if they can figure out what people want, not just what Rory wants to sell.
I'd like to see Verb start selling products, use their tech to develop their own brand new selling channels, that would really prove if the idea is simply a novelty, or a robust selling approach. "Show me the money" is foolproof evidence of being correct. Also I'd like to see a Verb owned social media platform. If their CRM is great, advertisers will pay. It has worked for all the other social media giants.
Per the Q3 conf call, it was supposed to be in Dec.
It's normal for a new company to gain capital via anticipation of its worth, in the case of Verb, specifically with Rory at the helm, time has expired for blind hope, except in small pockets, the rest of the market is looking at fundamentals and integrity.
Maybe Rory should also return to something he knows a little more about. Colocation, or maybe even become a cloud provider, and perhaps use Verb Live to sell contracts.
Also if Verb Live were pinned on top of a new Verb social media platform, it would probably attract more usage.
I keep asking myself why Rory doesn't use Verb Live to sell Verb Live. Instead of him talking, saying the same ol' things, hire some good looking, well spoken models and advertisers to use the product real-time during the interviews, with links to sign-up, follow-ups, call, etc.
Every time I think it has bottomed for the week and buying support is strong, it plunges unexpectedly again. What just happened? Uptick in shorts?
So Verb always seems to have a big dog and pony just before fins are published. It is simply opportunistic, taking the time to advertise while eyes are on them, or is it to distract from otherwise bad news? We know the track record, but not necessarily the intent.
I was just remember where we where last summer
https://seekingalpha.com/news/3593433-verb-prices-equity-offering-1_10
You mean the 30 day count down to 90% losses
The concern isn't tenacity, it's market consumption. So far it has been vastly lower than touted at every subsequent pivot. The list of failed attempts, missed timelines, missed opportunities, misleading, all while pretending they are successful as indicated by bonuses awarded, reduces Rory's reputation perpetually.
Yes, he said he would make millionaires via VERB
It seems he meant:
He, Jeff, and the Oswald's.
Assuming:
1. Rory didn't record it himself
2. Rory didn't distribute it to employees, during and/or afterwards
Most video conference apps, display that a conference is being recorded and by whom throughout the recording interval, so the person recording was likely known by all in attendance.
If the $1M contract was to mean much, in light of the massive deficit on the books, the pps wouldn't be what it is, now would it.
That $1M contract scarcely dents the $15M raise
How about Rory take that $1M and buy some shares at the $1.6 offering price?
If this trend continues for more than a couple weeks, VERB will be facing another R/S or delisting, especially when it looks like they have planned for up to another 60M in dilution this year. It's hard to believe the BoD is fine with that, It's hard to believe longs are good with that. When I was a loyal long, I understood that investment means your money gets spent to kick off a new business, but you expect that new business to generate revenue and return the value plus more. Instead that investment just kept getting watered down after being spent. I am baffled that the BoD, that list of greatly acclaimed individuals, are not providing any accountability for the share holders, you know the ones that have to actually buy their shares.
Well, someone keeps hiring AGP, doesn't have to be this way.
Start with eliminating bonuses to Cxx team for failure to improve company market value.
Next reduce spending like a bunch of drunken sailors and have a few consecutive profitable quarters.
If Rory is so rich from selling Telx, why doesn't he fund all the capital needs personally, instead crushing share holders and taking millions out of the company, again until the company can support it?
If this MS integration turns out to be yet another fluff campaign, I don't see how the company will remain viable in the eyes of investors.
Sadly, so is the PPS, for all the years of hype.
Then pay him if and when he actually delivers, instead of asking employees to accept stock in lieu of pay while he takes bonus payment.
Don't forget "we're all in this together", well until it's time for bonuses....
Perhaps lawsuits? Perhaps attempting NASDAQ poise as a CEO?
To me all of the Ups and downs are the result of pumping and sentiment that interactive video is effective and desirable. So far the adoption rate when compared with the quantity of potential clients the concept has been presented to seems to remain low, meaning that after several years of presenting thousands of times, it's just not sticking to the wall. If it were, all the misleading and and tumultuous activity would simple fall to background noise. Which it hasn't.
They keep refining the product suite, and that has certainly improved adoption, but it's not looking like it's the craze Rory believed his idea was going to be. He's been so impressed with his own idea that he doesn't seem to paying much attention how many other, people are not. Which is fine in many cases, but when 'partnership' after partnership, loses interest, it's time for some introspection, instead of gleefully taking a giant bonus for failure.
Maybe they'll keep plugging along and find enough of a market to be sustaining, but they haven't gotten the market too excited yet based on their Filings. Let's see what their sales conversion ratio turns out to be on these 28 quotations.
I agree with you on this, the real issue, the single biggest problem is that Rory is spending WAY faster than he can make or deliver, coupled with the fact his decisions in accounting are concerning to many NASDAQ class investors. No amount of talking about the future is gong to change the reputation established by previous actions, until change, real change shows up on the books.
At this point investors know their money is going to be diluted, so why in any universe submit yourself to that until there is a solid reason to believe this is going to turn around, yes there are a few investors willing to take that gamble, but the big money will come to buying shares when the risk analysis is stronger.
you only paid 62K, you're lucky