Verb Technology Company Inc (VERB)

[tedpeele]

You don't throw shareholders down the sewer in order to raise $53 million without first showing them that you can make real money with that $53 million. Bad form.

They haven't made a dime with the millions they have raised so far. This is despite 4-5 revenue sharing deals almost a year ago with digital marketing companies (Ignite, DR2, Steam, etc..) that have in total THOUSANDS of clients. Surely a decent number of those could have done interactive video campaigns by now, but there has been no increase in revenues. The solution is to throw more money at it? SC has made a little bit on their own, but we still don't know if anyone will pay for their old OR the new combined app there. The details remain hidden on the old app, and the new app is still - well, new.

The evidence so far only supports the idea that good money has been thrown into questionable projects. That's not how you make for happy shareholders. Prove that you have something first, and THEN raise more money at prices that don't hurt shareholders.

Real transparency is needed.