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The story is great, the results have not been (considering the cash burn & decisions made)
So why didn’t they stay private? I don’t buy the they wanted to give the avg person a chance. Also paying stock promoters looks really bad too.
https://www.verses.ai/press-2/verses-ai-inc-announces-life-private-placement-offering
These guys are burning through cash like their in a rap video
No worries, it was just a joke.
What’s all this positive talk? who are you people ;)
So you’re not going to really answer if you have a real position. I’m assuming you own less than 1,000 shares
If you consider yourself an analyst which it sounds like you do, you should have a nice big chunk of shares.
If you’re not willing to disclose whether you have more than 10,000 or 5,000 shares considering the enormous amount of money Verses has paid for you to promote their stock, than you should at least disclose here (on IHub) that you are being paid or have been paid by the company to promote their stock.
Btw, your disclosure on YouTube makes it look like your contract with Verses (for promotion) ended Sept of 2023. If they are still paying you then you should probably update your disclosure. Your statement “additional cash payments have accrued since then” doesn’t state if the company is still paying you $10k per month or not.
Einstock, I’m still curious to hear how many shares of Verses you own. You have all of these great things to post and say, but do you have a significant position, or are you just saying this bc you are a paid promoter.
Do you own let say more than 30,000 shares?
Feels like you could basically day trade this (which I don’t do). Seems to be decent volume all the time and a consistent 20-25% fluctuation every week.
Would love to see them release some subscriber #s. I’m assuming those #s weren’t ideal though, but we’ll see.
Don’t think they’d throw good money after bad results
I’d love to see someone cover their loan portfolio, they have a ton of CRE loans on their book, just can’t see the details anywhere
Surprised this news didn’t catch anyone’s attention.
https://finance.yahoo.com/news/cbmj-completes-audited-financials-subsidiary-122137648.html
Sounds like the Tech works. The concern is the same as always. Financing to buy a plant. Not cheap, I hope they don’t try to do that via dilution (at least not at these prices)
I really need the full South Park reference.
Do you have a link to the pp? I don’t see it anywhere
They’ll file their quarterly results (10q). I hope we see some member #s
Should get some real updates in about 40 days. I’d like to see some membership #s as that’s the real business that they’re in now.
If they intend to monetize this through product sales, then they will likely need a freemium model. Otherwise the model I see is all about monetizing memberships.
Completely agree, with tech it’s not all that uncommon to have founders who come out of nowhere and kill it. But the stock promotion was a huge red flag for me.
While I understand that this is a big market, you have to deliver something that investors can hold on to. When your raising millions and diluting investors while paying out promoters and you still haven’t delivered your product, their are going to be torches & pitchforks coming for you.
Curious to see how this moves in the next couple of weeks based on last nights performance.
Not a big fan of the whole meme stock phenomenon, but all the panic of the debate could bring some extra added attention here.
Curious as to
A.) your extreme level of confidence
B.) why definitively you are so negative on CBMJ.
I know why I own the shares I do. Maybe you know something I don’t. Otherwise you’re just lashing out without any substance.
Wonder if we see any movement tomorrow.
Gotta appreciate a good pun.
Looks like he’s been posting for them for months.
Not sure what his contract w/ CBMJ looks like.
Buy he’s been posting there for awhile.
https://web.archive.org/web/20240209000806/https://worldviewweekend.com/
The note is under subsequent events in the 10-q that was posted yesterday.
The timing seems pretty odd.
Hard for me to post links / copy paste from my phone :(
Woa, Howse resigned as head of Patriot TV
Respectfully, your argument is a legal one. A disclaimer in your videos most likely protects you from being sued. In my opinion.
However, do you really believe in this company? if so you must own 10s of thousands of shares. If you don’t then all you are doing is trying to hype a stock you don’t personally own or own much of.
So I’ll say shame on me 1st. I made a few assumptions looking at their filings about where their marketing was going. I spoke with management a few months ago but the person I spoke with was more on the technical side (not finance or accounting).
My issue is there is ALOT of money going to people that don’t look like they are adding much value to the company.
VHLA media got $110k (that’s a rough conversion from CAD)
“This communication is a paid advertisement and is not a recommendation to buy or sell securities. Its owners, managers, employees, and assigns Black Swan Solutions Inc, DBA VHLA Media Inc has been paid for by Verses AI Inc. (the “Company”) CAD$150,000 for an ongoing marketing campaign including this article among other things. This compensation is a major conflict with our ability to be unbiased”
And
Real Creative Agency (who appears to be einstock here on I-hub) is being paid 10k per month. Here is a quote from his YouTube disclaimer.
“VERSES Technologies is an extremely high-risk investment, and it is HIGHLY LIKELY you can LOSE YOUR ENTIRE INVESTMENT.”
My problem with people who post videos claiming they have found a company that has solved AGI (or the cure for cancer) and then throw a disclaimer out there where they think no one will look for it is it is a pretty crappy thing to do. It feels scammy.
Most importantly this is a small public company. They should be spending money carefully. The amount of money spent on these two stock promoters alone probably would have paid another programmers salary for a year. These “influencers” are putting out a handful of videos that at best have 1-2k views.
Don’t believe me check the description for VHLA Media and real creative agency YouTube videos.
I’d love to know if either of these promoters own shares in Verses & if so how many shares?
Since the company doesn’t have open source software it is hard to know if what they are selling is what they say it is. None of us can really look under the hood, and yes I understand that Karl Friston is their head scientist (he adds a lot of credibility). However, Karl Friston is not a software engineer. By December of this year we’ll know if they have what they say they have.
All the best (& Happy Tax Day),
Gotta say it feels extremely odd that a company of this size is paying so much $ to stock promoters. This is honestly my first experience seeing this. Huge red flag.
I’m out
There are some weird things going on with the bids (lvl 2). Is anyone else seeing what I’m seeing? There are mirror bids going in at 1/10th of a cent for 30k shares then 5k running the price up slightly then down. These bids are changing within fractions of a second. I’m not saying there is anything nefarious, but it is very odd
Honestly I’d love to see it keep trading lower I’ll keep backing up the truck (to buy more).
Once they release the white paper and start to demo these agents. Hold on
Volume is insane this morning
Yep, you’re right.
Pulled the video up on my laptop. Couldn’t see it on my phone. Thanks
Are you referring to former MS employee Peter Provost?
Can you post a link, I can’t find this
Curious to see what the financials look like after Q2. They’ll have a full qtr of patriot.tv up and will be in the middle of the campaign. That’ll be a little more telling of how things are going.
Plus we’ll get to see what it’s costing to run this new line of business.
Gummies, I hear you have to be careful with the dosage on those. They can be quite potent.
Lol
Curious to see how the launch event goes next Friday. Feels like Twitter/X could really drive attention to this type of media.