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Because I didn't have much investment money left worth risking on Rory. Averaging down, to me, is failing to admit to yourself you made a colossal mistake and now you are trying to buy your way back out of it, by buying more of the same mistake. Instead I've traded the swings and increased my holdings for free, so that I might rectify some of that mistake I made.
In fact, I think Rory is looking for a much bigger payout than Telx, so I'd expcet him to hang in there and try to get the share price up to at least $6 - $7 before he even considers a buyout. Even if that mean the interactive video doesn't payout, he could still keep acquiring competitors and become a large MLM conglomerate, and have market value. But that's pure speculation based on what appears to drive him.
I'm not saying I think it will, just that EVEN IF IT DID, there's just cause for being upset with Rory's misleading behavior at that time, if you were a 'loyal long'.
Just think, with the MC at abt 120M, he'll soon be able to sell the company to MS for 200M and then claim the company later became worth 1.4Trillion, all due to Rory.
Even if the stock prices rises above where is was pre R/S and Pre Uplist, and all of those losses are recovered, it still means none of the gains could have been won for long investors that could not use the true value of their money to buy more into VERB when it hovered around all time lows for over a year, on their backs.
OR maybe this user, like many of us here, lost a massive amount of the money we invested, in large part, due to Rory's projections, that have never materialized. Rory keeps going.... great, but still massive devaluation of the stock we bought when he was singing his own praises and grossly misrepresenting his relationships with super companies. Then he takes a MILLION dollar BONUS while many investors are still massively upside down. You really can't blame anyone for being mad that they were so misled.
Rory shouldn't be concerned about overloading the servers since they are serverless, right? Seriously though, if they have a well architected solution it really shouldn't be a problem, that's a little something I know lot more about than investing.
Thanks for clarifying
Thanks I just noticed that the last 3 came out (per TDA)
05/15/20 - Q1 2020 Verb Technology Company Inc Earnings Release
08/14/20 - Q2 2020 Verb Technology Company Inc Earnings Release
11/16/20 - Q3 2020 Verb Technology Company Inc Earnings Release
So extrapolation suggests
02/15/20 - Q4 2020 Verb Technology Company Inc Earnings Release
Aren't the Q4 2020 results due in the next few days?
There are many here that bought 2-5 years ago, before the reverse split and uplist from OTC to NASDAQ. They paid up to $3/share pre-split price. That means they watched the adjusted post split value go from $45 down to $0.90.
And the whole time Rory was very misleading about what was happening. That is how.
That's not to say Rory isn't trying to build something of value, but at the time he was so drunk on the value of the video crm concept, without unbiased pilots, and a refined product suite that he was exceedingly reckless in presenting his wishful market acceptance as material events that did not work out, at least on the time lines suggested, if ever.
I too have been with VERB a while, lost my a$$ during the r/s & uplist event. I think it will go up, but some hopefuls here are expecting a big pop to greatness, others think a slow steady climb, and some less biased investors simply read the filings like any other stock. So far that 3rd group have been correct most often.
If you follow Verb you'll also see the Verb ads they post
Have you seen their new interactive holographic tagging? Now you can touch a hologram and your 3D printer will make anything you touch.
And if he was soo successful with Telx, why has he needed so many financings, especially the toxic one for under $2M
Perhaps he could see VERB for 2-2.5x Market cap too, which perhaps he could do today, would that be a success too?
After the last FUSZ bubble burst, people are dumping fast as they can. No one wants to be the bag holder this time
This stock is easy for shorts because they know the balance sheet isn't healthy, Rory could fix that by reducing reckless expenses. With COVID-19, just how effective is the expense of an already limited view billboard, for example. With most workers telecommuting, What's the value of that high dollar CA office space?
This search on reddit didn't yield much, you have a link?
Fair enough, but superlatives diminish credibility. And aging facts, regurgitated daily, do too. I get that we are in a holding pattern, but many posters here are correct in saying we hear a lot of claims of greatness, with comparably modest growth of revenue, and disproportionately growing expenses. I get optimism, but the money is more aligned with realism.
I wonder what a presentation of ALL the promises with delivery check
boxes (T/F), would look like, it would take a long time to create because there have been a lot of promises.
Wasn't MS integration/campaign supposed to happen in Dec., a little late. Many of us use Office daily, no sign of it so far. I don't care so much that things take time, Rory needs to just stop making claims and failing miserably, if he can't get them done. This was supposed to be worth BILLIONS by now, $100-$200/share, remember all that hype. The term "Hypergrowth" is nebulous, and therefore meaningless, without quantification.
Agreed, how about posting facts about successful progress with partner relationships, instead of optimistically and hopefully cheerleading.
Too bad that isn't more visible, so far I've not seen one ad on social media incorporating VERB tech, other than directly from VERB. I did have a thought a couple days ago that the call to actions would be better serverd as left/right swipes. Right -> Review Right Now, Left -> Look at later (add to a "cart" of things to remember to look at further, but not at the expense of interrupting the current activity)
Thanks, and I am not. I've converted from long to trader, and have increased my share count abt 50% for free, hoping to recover some of the massive losses the R/S & Uplist caused me. There is growth, but at the moment and for a long while the growth of the payables has certainly outpaced the receivables. Since we do see intense effort on growing the client base, I'm not sure there aren't a few more dimes to scoop up either.
That's one possibility, but as upset as I am with all of Rory's Pre-R/S, uplist nonsense, I'd speculate that if the current OS goes up, it is likely to be in step with either an acquisition or a large partner. Either of which would offset to a degree or mitigate entirely dilution. And the share price...?? who knows, but probably up slowly. Unless he does something really stupid like in 2018-2019
What happened to all the volume? Seems like all the buying interest dropped and is replaced with trading.
Thanks for the explanation
I'm no pro investor like many here, I would speculate that the details of the offering, and what other activity happened in conjunction would determine the value of the offering and the price would respond in kind.
Presumably, this would suppress the pps until gains or a positive filing of accretive activity occurs, correct?
I believe an investment is generally accepted as producing a revenue stream. Whereas speculation is without a revenue stream, but rather the hope the commodity will appreciate. Stocks without dividends don't produce a revenue stream. Rental property in contrast does.
Isn't calling VERB an investment, really a misuse of terms, it is not a revenue stream being there are no dividends, to really it falls into the category of a speculation.
That's Funny, It used to be NYSE:AOL
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001468516&action=getcompany
https://en.wikipedia.org/wiki/AOL
IDK, I always try to proactively position myself to be the most agile possible, just in case, as a general rule of life. I would do that once the option became available, even if I had no plans to use it anytime soon. Better to just take care of things you know you are eventually going to handle.
I took a different approach. I admitted to myself (way too late) that Rory sold longs up the river, and that whatever I had left was what it was. So I started trading those shares aggressively. I have now increased considerably, my number of shares, for FREE in my Roth. Instead of dumping more money in I have lowered my PPS. It doesn't even come close to the original investment I made, but it was better than risking more investment, and improves my odds of recouping some of my original investment. I'm not a 25 yr. veteran of the stock market, so I just focus on the little corner of the investment world I can understand sufficiently.
I accepted that:
1. I lost 20 years of savings almost overnight believing Rory.
2. That lost value could further not be used to make more money, it was gone, maybe in 10 years it might be back, maybe, but that was 10 years of lost income opportunity.
3. I could not continue to trust Rory to recover my situation, that would rest solely on me, but I could trust Rory to be Rory, and that was predictable along with the accompanying volatility.
If Rory finally brings it all back on a longer time-line that anyone, including him ever expected, fine, I'll be positioned even better, and I'll even send an email and thank him. But I'll never excuse the deception.
I don't see how the publicity will be a bad thing for the company's business, nor in turn the PPS. It might be neutral, it might be a gain, but I can't see it hurting.
Verb going to buy Amazon?
Verb Email:
VERB Technology to Showcase Industry-Leading verbLIVE Livestream eCommerce and Webinar Platform at CES 2021
verbLIVE continuing to gain traction with corporate clients as remote work and virtual selling become the global norm
NEWPORT BEACH, Calif. and SALT LAKE CITY, Jan. 4, 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 it will be showcasing its industry-leading verbLIVE platform at CES 2021, the first all-virtual Consumer Electronics Show, on January 11-14, 2021. Rory J. Cutaia, VERB CEO, will highlight the Company’s sales enablement technology innovations and virtually connect with customers, media, and other thought leaders.
verbLIVE, the Company’s livestream ecommerce and webinar application, is a powerful and easy-to-use tool that enables sales people to increase client and prospect engagement and drive sales conversion rates remotely, in a friction-free, video-based setting. It provides a variety of interactive features, such as in-video clickable icons to buy, receive additional product information, and set up appointments, and offers real-time viewer engagement and interaction analytics to enhance sales productivity. verbLIVE is fully integrated with Salesforce, and soon with Microsoft Outlook.
“CES is the biggest tech event on the planet, and I couldn’t be more excited to participate in its first ever virtual edition,” said Rory J. Cutaia, VERB CEO. “While we’ll certainly miss interacting with the tech community and the media in person, we fully intend to take advantage of the new virtual format. Effective remote interaction is the essence of verbLIVE, as we continue to live through unprecedented times. verbLIVE is changing the way companies approach sales, and our unique platform is already helping businesses address the challenges presented by COVID-19 – so I expect CES to be the start of an exciting, growth-filled 2021 for VERB.”