Verb Technology Company Inc (VERB)

[dukeb]

Be sure to read Rory's year end letter to shareholders! It's classic Rory pivoting and bullshitting.

The long anticipated deal to acquire a revenue generating company is off the table. Fell through. But what happened to the millions of dollars that were earmarked for that purchase? The September 30, 2023 balance sheet shows that the company has $ 34,000 in cash. WTF Rory?

The letter states In the past 6 months, we paid-down approximately $5.5 million in debt, representing a 66% reduction.. The September 30 balance sheet shows that total liabilities (removing the derivative liabilities) are still up from 2022. There could have been a pay down of debt since September 30. We will have to wait until the next quarter end. We know that Rory took a good chunk of cash to pay debt owned to HIM.

Ending with the classic "it's always someone else's fault that our stock price is in the trash"

Of course I recognize that we are all disappointed with the current share price caused by a combination of unprecedented, prolonged poor capital markets conditions and the corresponding machinations of bad actors.