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Why did he delay this ER? We were told nothing except VERB doesn't generate enough income. No word on forcing the shorts to close positions or what financing has been secured to promote VERB. The next ER will not be in 4 weeks. That's a certain.
The warrants expire in 1 year. They can be converted to stock for $3.44. I expect with a 10:1 reverse split the conversion will be at $34.40. Not looking good.
Certainly received differently than Buffets annual letter. After it came out the stock price only jumped 1/2 a penny.
A 20/1 reverse split would make the warrants convertible at $68.80. That's such a high number.
What matters is if Drew is happy with the results. If she is and thinks it's worth her time to continue, other influencers will want to do it also. If She feels it's not worth her time, then VERB is in for a lot of hurt.
Someone bought warrants @ .07 rather than the stock at .15. Warrants give the holder the option to buy the stock at $3.44 before April 2024. This investor either knows something and would rather own twice as many warrants than stock in 2024 or is a big gambler and likes to take chances regardless of how low the odds. I'm going with the latter.
The current live stream on MARKET.LIVE has 106 viewers at 12:24PM EST and 4 other shows scheduled for later today. Some believe Verb is dead, but to me it looks like it's just getting started. We'll see over the next few months.
Looks like it was replaced with this:
Calling all creators and influencers! Turn your followers into dollars on https://t.co/jEYwrGHNke, the hottest livestream social shopping platform changing the game for content creators and influencers. pic.twitter.com/WIavPX2CS5
— VERB (@ShopMARKET_Live) October 14, 2022
This advert for the latest MARKET feature is going out now. Rory spoke of this last time he appeared online. I'm wondering how long should we wait for an influencer to appear online selling products from Target or whoever, before deciding whether this new idea is a winner? Is 2 weeks enough? Influencers are tech savvy and quick to adopt the latest tech, so I would think 2 weeks is plenty of time. Am I wrong?
These are just names on a list. Today is Sunday and most people are home yet MARKET does not have one live event. Not one of those names on the list thought it would be profitable for them to hold a live event today. That's very concerning.
My take on the earnings conference call is the Company is building for the future and not that concerned with the now. VERB sees a bright future with MARKET and are pleased they've proven the technology impressing some big players. I'm holding and waiting. I've given up in the past on what I thought were bad investments only to regret it. I'm not going to make the same mistake and regret selling VERB too soon. I'll wait and see what the announcement is in about six weeks. All I know is it's not ETSY.
Some positives. There are 5 Live events scheduled for today and VERB is hiring. One thing to note is none of the job openings are for software development. VERB is past the development phase and in the marketing phase. Things are progressing and I'm not giving up on this company.
https://www.indeed.com/cmp/Verb-Technology-Company-1/jobs?jk=739368fb489ee132&start=0&clearPrefilter=1
The silence is deafening.
Market.live has been live for a whole week and so far it hasn't made any of us a millionaire. Any reasonable person would conclude it is a failure. Totally unrelated, market.live has 4 new live events scheduled for tomorrow.
The festival had about 250 people watching it. If they spent 4 million each we could get to a billion dollars. I bought the organic drink mix for $60, so there's that.
Here's the ridiculous article mentioning Nelly and a billion dollars and other lies.
https://news.yahoo.com/10-best-penny-stocks-buy-141053402.html
Anyone know the objective of the festival? Was it to make money? Was it to gain exposure? What it to showcase Market? I'm not sure if it was a success, because I'm not sure what the objective was.
Yes and by Rory's commitment to it I would say he agrees. Here we are 6 days away from launch and Rory is still talking solely about the festival. He's not pushing some futuristic dream product that will push VERB to new heights. Rory has been and is sticking with MARKET as the future of VERB and seeing it thru.
Here is the latest Rory video.
True so far, but MARKET hasn't launched yet. Some companies have to pay someone outside to make a change to the website, so not as surprised the websites aren't updated.
MARKET is finding customers that don't directly visit the retailers sites. Sure, once they become a customer they can go directly to the retailers website and bypass MARKET for that product, but that's not MARKET's niche.
A June 3rd video from Rory and He's still talking about Market. To some it may not mean much, but to me it says a lot. It tells me Rory still believes in the product and the company focus is still on Market. It's been over a year the focus has been on the same product and for VERB that is unusual. MARKET is ready. VERB the company is focused and ready. The vendors are preparing for the big launch July 26-28th. The retail industry is shifting toward live interactive selling and VERB's MARKET is the best or at least better than most live selling platforms and is in a great position while the shift is happening. I'm excited for VERBS future and have positioned myself to be rewarded on its success. For now though I'll wait and watch it all unfold.
Rory bought $100,000 worth of VERB. Another good sign.
https://www.sec.gov/Archives/edgar/data/0001566610/000149315222014546/xslF345X03/ownership.xml
Kate Eckman is very successful on her own and doesn't need VERB, but she joined the team as an SVP on Feb. 14, 2022. On May 10th, 2022 Kate moved from NYC to Laguna Beach California which is near the Newport Beach VERB offices. In the 3 months of working for VERB she's seen enough to want to commit to VERB and move across country. That to me says volumes.
The California chill is good for my NYC no chill. #newhome #LagunaBeach pic.twitter.com/5icdjYvv4q
— Kate Eckman (@KateEckman) May 11, 2022
When I logged into the StaBody Live stream there were 211 people online. Imagine having a store and 211 people walk in at once. The presentation was first class. This is the future.
Agree, but even billion dollar companies make mistakes. Coke thought New Coke was a good idea. I have no expectation that MARKET will go the way of New Coke, but can wait to see how the public decides. It won't be long.
So far VERB has had 3 MARKET events that were open to the public, but not really advertised. I and apparently many others were very impressed with the technology and how well it worked. I couldn't stop watching the WANDER event on MARKET. A few weeks since and other vendors have announced they are going to use MARKET to sell their wares. To me this is not surprising as MARKET is an inexpensive, innovative way to push product. Late July is the official launch of MARKET and dates have been confirmed. We know it works because we've seen it, improvements are still being made, interest from sellers is there and has been proven. Just one more unknown to be determined. Will this form of selling and the MARKET app appeal to the public. We'll know very very soon. I have high expectations, nothing is guaranteed, but I'm taking a chance and investing in VERB before the end of July when the last unknown will be answered.
Yes, did you miss it? They showed it twice and it worked both times. Open to the public. Amazing stuff.
I don't blame anyone for closing their position in VERB. I've done the same thing to other stocks in my lifetime as I watched what I thought was a great investment go down so much I just couldn't stand to lose another penny. My most recent was SM energy in March 2020. A $30 stock dropped to $1.50. I bought 16K shares @$1.53 knowing it was a $30 stock. I watched it go to $4.50 and thought, here we go. Then it went back to $1.50 and before I lost money I sold in a panic forgetting why I bought it in the first place. Six months later the stock went past my $30 target and on to $40. It's a sick feeling watching your portfolio value drop and just as sick a feeling knowing if only I had held on a little longer my portfolio value would be worth a lot more.
MARKET was proven to work and the VERB team is putting together a plan to sell it worldwide. Vendors are being signed up as we speak and video ecommerce is the future. I own well over 16k shares of VERB and won't make the same mistake twice. When VERB hits $40, I'll be long, but don't blame anyone for selling today at 0.36, it's human nature to panic when your net worth drops.
I don't wear makeup and have zero interest in it, but I wanted to keep watching. It was very entertaining. Kate and team were very good reaching the audience. I can't imagine a future without this technology having seen it. QVC thinks they are making buying easier by putting a QR code on the screen the viewer can hold the camera phone to bring up a product on an online screen. This technology puts that to shame. I can envision a shopping channel using this technology simultaneously while selling on the TV show. The viewer can watch the big screen while holding there phone, ipad or tablet with the same production playing. When they like an item, just click the product displayed on the phone/tablet. Of course the TV viewing won't be necessary, but some things look better when viewed on a 60" screen.
Wow, so good. I really like the PIP effect when you click on a product. Adding a product to a cart and going back to the presentation is seemless.
Hopefully VERB won't stay at this rate. We'll know more in the next few weeks starting in 3 hours.
24hrs to go until the Wander Beauty MARKET event. We'll know a lot once that has taken place. Years of product development has led up to this.
On May 5th at 2:00PM ET, Wander Beauty will be using VERB's signature e-commerce platform MARKET with Kate Eckman as a co-host. This is the moment we've been waiting for. I don't know how well it will be received, but I do know it's important to VERB's future it be received well. The reviews/sales results will be in on May 6th.
It would be nice and we're closer now to knowing if it's possible than we've ever been. We're 6 days away from knowing if MARKET has any legs.
Denise Butler's latest update on MARKET. She's excited for next weeks events.
https://hubs.ly/Q01991D90
MARKET is not live yet. It has been touted to be an amazing platform like no other for video selling, but nobody has seen it. That is all to change next week. Two events are scheduled using MARKET with 2 different vendors. The first is May 4th and the other May 5th. The event on May 5th for Wander Beauty is being co-hosted by Kate Eckman and this is the one I am most interested in. If these events are successful and MARKET proves itself, then VERB could be on its way to financial success. VERB has been building up to this point for years and longs like myself have been patiently waiting for this moment. On Cinco de Mayo we will have a good indication of the future direction of VERB.
https://ir.verb.tech/news-events/press-releases/detail/151/verbs-market-livestream-platform-to-host-wander-beauty
That's ok since Q1 ended before the first MARKET event which will be held on May 5th took place. Now if Q2, Q3 don't show improvement then things won't look good.
If VERB doesn't get to $3.44 by March of 2024, then the stock won't be worth anything either. If MARKET is the game changer it's been built to be, $3.44 will be left in the dust. We'll know more on cinco de mayo 2022.
Kate Eckman will be co-hosting this event on May 5th. VERB is putting the A-team on this one, Let's go!!!
On May 5th the rubber meets the road. VERB will have a real client using MARKET in the real world. The President of Wander Beauty summed it up in the PR.
“We're thrilled to celebrate our 7th anniversary with a livestream event on MARKET,” said Amy Fisher, President of Wander Beauty. “We’ve had lots of success with livestream events, and we look forward to building a community and getting to know the shoppers on MARKET. Adding an additional distribution channel with MARKET – one that allows us to demonstrate our products and have conversations with customers – has the potential to further accelerate our growth.”
Has the potential. On May 6th we should know if MARKET delivered the goods. Were sales higher than expected using MARKET? If so, it will be a big boost for VERB and not only will Wander Beauty be back, but VERB can use their results to sell MARKET. We are 2 weeks away from the moment of truth and the moment we've been waiting for.
https://ir.verb.tech/news-events/press-releases/detail/151/verbs-market-livestream-platform-to-host-wander-beauty
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