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She lasted around three months at Verb.
I guess is hard to keep talent when your company is run by Rory
Another one bites the dust...
Yesterday Julie Holdren CPO from Verb resigned tired of trying to work with Rory. She couldn't even make it to the year mark.
Just to summarize in the past month both persons in charge of Product Management (Chad and Julie) were either fired for insider trading or resigned because couldn't take it anymore.
Will Rory announce this? or is he just gonna wait until he has to?
They fired everybody on Chad's team, and they will probably do the same to Julie's team.
Verb is bleeding key employees, I am hearing Mitch Bledsoe is next.
Do your own DD, this is just like my opinion man.
Hello, that is me, not worried here.
I have a lot more stuff I just like to publish it slowly so Rory meets me halfway.
Gonna miss Chad he collaborated without much problem.
And firing employees left and right...
And yesterday they fired the main engineers from the project so they are going to outsource it and start from scratch.
They are using Janus as the backend, they were trying to run it on Kubernetes to scale it, but because of the way Janus works they never made it work, it froze and wasn't able to handle more than 50 people at the time.
They never got it recording, and multi-host was never developed.
Of course, the <div /> overlays Rory uses for interactive video never really worked on mobile right, especially on iPhone, and of course, got their video blocked on all social media.
Just my two cents, my opinion is all I have left.
Well, most big companies don't have to that because they have rising revenues to show customers actually paying them, instead of just billboards.
Just my 2 cents, my opinion is all I have left.
Let me explain: THEY CAN'T MAKE IT WORK.
It kind of does but not good enough for production. Meanwhile, there is a lot of competition happening for the on the market for in video sales, some already integrated with Facebook Live thing that Rory said wasn´t possible and then abandoned completely.
But they fired everybody from Chad's team and the Live project. Including some of the oldest Sound Concepts coders, I just don't understand how the Oswalds keep letting Rory fire people that built their company like Brycen.
Rory is pivoting to outsource development to an Orange County company, firing anybody that Chad brought on, breaking the contract with Top Tal and removing all the Colombians, cleaning the house, and getting ready to blame Chad for everything.
And don't get me wrong he is cutting costs finally, but this just means we are starting again from scratch and nothing will see the light of day for months.
As always no product, no revenues.
Just my two cents, as my opinion is all I have left.
With those financials, I am guessing Chad is happy he got paid and is at home not worrying about a company that is losing 20 million dollars a year.
I mean if each of the customers they sign brings them 350k a year of recurring revenue they are gonna need like 50 new billboards to cover that hole, they got 15 in 2020, so around 50 million in losses to go before being kind of cash flow positive.
Just my 2 cents as that is all I have after believing Rory.
Completely forgot about Odoo, guess their joint campaign is coming with the one from Salesforce.
HERE IS THE VIDEO:
https://streamable.com/jyunjh
Here is the video and why is important:
1. Rory keeps talking about transparency and we are doing this together, but when a problem like insider trading comes up he doesn´t talk to his co-owners he hides.
2. Rory said Chad was gonna save the company and deliver products so good Verb would be cash flow positive.
Want another example? here is why I didn't publish the video before:
In the video Rory mentions by the time of the recording he has "SIGNED" a million-dollar-a-year client for Verb Live, he said at that time the client was signed. So where is the disclosure of this material event?
Just didn´t want to read: "did you hear about the million-dollar-a-year client", because I knew was another lie from Rory.
So either he lied to all his employees about that client and the company doing great, or he is withholding material events from investors.
Here is the video: https://streamable.com/jyunjh
As always just my two cents, that is all I have left after investing in this stock.
It would have been great if it was true
If only someone would have posted the video already... even before this post, IF ONLY!
Here is the video and why is important:
1. Rory keeps talking about transparency and we are doing this together, but when a problem like insider trading comes up he doesn´t talk to his co-owners he hides.
2. Rory said Chad was gonna save the company and deliver products so good Verb would be cash flow positive.
Want another example? here is why I didn't publish the video before:
In the video Rory mentions by the time of the recording he has "SIGNED" a million-dollar-a-year client for Verb Live, he said at that time the client was signed. So where is the disclosure of this material event?
I didn´t want Rory´s cheerleader squad to say: "did you hear about the million-dollar-a-year client", because I knew was another lie from Rory.
So either he lied to all his employees about that client and the company doing great, or he is withholding material events from investors.
Here is the video: https://gofile.io/d/fhwZgj
As always just my two cents, that is all I have left after investing in this stock.
Remember when:
1. Rory said they had integration with Oracle and were training people at Oracle to sell nFusz Interactive Video.
2. Rory said the Outlook Integration would be coming in two weeks
3. Rory said they signed a contract with a Real Estate huge company, which turned out to be a fake company, to deliver their software to agents nationwide.
4. Remember when people used to say Verb Live was gonna be the Zoom Killer, now they say is not even going to compete with Zoom.
5. Remember when Rory said they were going to be cash-flow positive I think 2 years ago.
6. Remember Marketo and their integration?
7. Remember zero visibility video from Chad and Verb Live is still not ready for the mass market.
8. Remember they hired a bunch of people in Costa Rica that never delivered shit.
9. Remember then Jeff and Chad created a fake company to send money to Colombia for "outsourcing" services.
10. Remember when Rory said Nasdaq's offering price was gonna be close to the market price and then was more than 3 times lower.
11. Remember the Sheriff?
12. Remember when Rory said he was thinking Verb Live could be used on the 2020 election campaign.
13. Remember Salesforce joint campaign that was coming.
14. Remember all the people they hired from Top Tal to create Tagg Video, a product that cost around 2 million dollars and was never used by anybody, and all those people are gone now. REMEMBER TAGG BRANDING?
So many lies to remember
Rory should seem to know how to pick them.
Remember when Dennis and Rory made up a real state company, that name was something like Ultrius or something and said they had a contract to deliver their tool to all their real estate agents, Jajaja man they lie and lie and lie.
Nothing happened with that, and they keep buying billboards but not really generating any revenues.
Just my opinion, Rory jumps from one lie to another and never seems to take any responsibility.
Ohhh Chad knows a lot, and Rory wants none of it out. And that is why Rory will play this the best way possible, to avoid Chad deciding to start spilling the secrets.
The truth is they moved Chad to a decorative position a long time ago, Rory lost faith in him months ago when he failed to get Verb Live actually working.
Just my opinion.
Guess Chad is no longer dominating, and Verb no longer has Chad Thomas, Rory fired him for insider trading.
Just my opinion that the guy who designed the 0 visibility security of Verb´s flagship product did inside trading, guess he is not really good with regulations and securities.
Also: Rory still using Zoom, even to announce he had to fire key employees for insider trading... guess Verb Live is not good enough for big announcements.
Just my opinion.
Told you Chad is gone and in trouble.
My opinion
Hello, TenKay you have always been fair and balanced, so I decided to share the proof with you first, sent you a private message, you can see how Rory comes out and says it, using insider trading as the term and names Chad and his team.
I will publish it next week for everybody, and all the Colombia documents after that.
Just my opinion.
The security expert is OUT!
I called it with Brycen and with Tal, and a month ago I told you Chad Thomas was on his way out, and today is official Rory announced Chad is out of the company.
But the problem is why? and as Rory let everybody at Verb know: Chad, and his team, engaged in insider trading. This company is rotten to the core.
I don't think this will help the stock price, and yes they will try and justify it as always but is clear there is something shady going on.
In my opinion, there is still a lot that will come out to the light, like all the money Chad and Jeff have been funneling to Colombia with fake outsourcing contracts with the fake company ClickAway.io
As I said a week ago, you can see they don't mention Chad anymore, and was because they were already planning to use him as the scapegoat, in my opinion.
Remember when they said Chad was such a superhero in security, compliance, and regulations, guess he wasn't that good with securities.
A lot more to come, get your seatbelts ready.
Don't believe the hype, this is just my opinion.
Look haven´t been here for a few weeks, and it seems everything is the same, Verb saying great things are coming "soon" but never really released anything.
I wanted to talk about the Microsoft announcement, everybody is discussing when is being released but missing the bigger point IS NOT AN OUTLOOK INTEGRATION.
It won´t ship with Outlook out of the box, is just an Outlook plugin that anybody can create and publish. It doesn't guarantee that Microsoft will promote it, hell Salesforce hasn´t, or that it will be installed along with any of the Office products.
People will have to manually install it, so even if it launched tomorrow will still generate 0 revenue, and would have to wait for it to be promoted by Verb and somehow earn an audience.
Do you want some hard data? Verb Live has been on Salesforce AppExchange for months, it even won a Salesforce event, IT STILL ONLY HAS TWO REVIEWS.
https://appexchange.salesforce.com/appxListingDetail?listingId=a0N3A00000FeFAqUAN
If this "integration" had a huge adoption rate you would see more activity on Salesforce.
It doesn´t matter if the Outlook plugin is coming today or in a year because nobody will use it, or pay for it. It only matters because it would give Rory a nice headline, and that is all he cares about.
This is my opinion. There are many like it but this one is mine.
It´s nothing new, if you remember they were going to change the CRM game because Rory hated CRMs, but they use Hubspot for their marketing and sales management, you can see it on the links they post on their social media.
Then they were going to be the biggest video platform ever, but they use Vimeo to host the videos they publish.
Remember the video ecosystem, they were going to have a store for stock videos, but they still using StoryBlocks for their marketing videos.
And now Verb Live was going to be the Zoom Killer but hasn´t been able to kill Zoom internally.
Is just lie after lie.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
There was a time people used to say Apple products were unhackable and more secure, the truth was there weren't enough people using them to justify somebody investing time in creating hacks, people hacked Windows and Linux because they had the biggest market share in personal computers and servers.
Now there is a bunch of viruses and security hacks for Apple because their user base grew.
You cannot say Verb Live has 0 security flaws when nobody has tried to hack it, because nobody is using it.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Remember when they implied Verb Live was gonna be used for virtual rallies during the Presidential Election? I hope that is still on track to happen. I guess they didn't say what election year.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Good thing Verb Live has no customers to concern about.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Rory just needs to close the year over 1.50, is just a few days, lets hope he makes it.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Just imagine all the money poured into Verb Live, now it turns out is being killed, or relegated to some niche MLM tool for selling nobody will use.
Remember when Zoom had some problems and they put a video together on how Verb Live was super secured and was gonna take over Zoom market, guess that is not happening anymore.
The biggest difference between Zoom and Verb Live is the first is actually making money.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
So Verb Live now is just for selling weird I seem to remember it being labeled the Zoom Killer, guess we are pivoting again.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Well maybe because they keep calling it the Zoom Killer, and has always been compared with Zoom by Verb, but guess pivot is coming.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Look Verb Live is dead, they even had their virtual Christmas party using Zoom, they are not even using it internally. A new money raise and a new Pivot is coming.
Nothing Rory mentioned on the call happened, the Outlook integration is not even close to what the video showed and is not close to being done. The showcase videos were "temporary" because they didn´t want proof out there of all the things that are not happening.
They will pivot to Teams for a while while they find a new buzz-worthy pivot.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
I think Rory has learned his lesson, he has kept his mouth shut, and hey see how much good that has brought to the stock price.
I also think a lot of this price rise is basically stock promotion.
There hasn't been any material news or new products, and this rise is not sustainable unless all these customers they keep signing actually start paying for the product, and Live gets actual customers.
I think unless something material comes out, this is just Verb doing what nFusz and bBooth did before: raising money through dilution.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Hahaha, Rory hasn´t met a piece of good news he didn´t want to leak. I am hearing a lot of changes going on inside the company, but nothing pointing to a takeover.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
That is my guess too. Seen a lot of articles around that look like Verb´s stock promotion, but how much can that last? The dilution money raise should be coming soon.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
I was wrong, and the difference between an opinion and dogma is that you´re willing to admit your opinion is wrong. Clearly, the Verb stock actually going up. But the question is still why?
There has been no news at all, nothing material for months. No new products released, and no new revenue to account for.
And yes you can say is a takeover by Salesforce, but again for those not part of the cult, we know that is not what is happening. Why? because Salesforce hasn´t shown any interest in Verb, their integration is still underused, and no joint efforts have been seen. You can mention the whole DemoJam, but if they bought a company because they win the competition they would have to buy 12 companies a year.
Is heaven for traders, but for longs they still need actual results to make back all the money they lost. In my opinion, either a new raise for money is coming that will crash the stock back down or something else is going on.
Still doesn´t change that no takeover or buyout would pass due diligence with everything Rory and the crew have hidden.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Also, I am not saying is related, but this has been the longest period with Rory not publishing videos or public statements, the stock seems to be doing a lot better since he decided to shut up, hahaha.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
No worries, I don't take questions personally. As I have stated before I came to the stock because of somebody working for them from SoundConcepts that got fired and his team basically destroyed.
A lot of the people who still remain in Utah do not agree with what Rory is doing to what used to be a family company, and I am willing to listen.
Remember Michael Suttyak? he came to change the game from AirBnB to Verb, nobody talks about him, he wanted order and procedures to create an actual product and Rory just fired him.
Remember Chad? nobody is mentioning him lately, because he is on his way out, they already decided it, and are going to put him in a corner until they can remove him quietly.
This is what Rory does, pivot, and blame somebody else. Verb is not in the business of selling a product, they are in the business of raising money.
Do your own DD, because yeah, well, this is just, like, my opinion, man.
Well, good thing the market closed so Verb gets to hold on to those 4 cents.
I give it to Rory he is gonna get another round of dilution to keep going with no products and the worst financial sheet I have ever seen.
Do your own DD, because yeah, well, this is just, like, my opinion, man.