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Wednesday, February 21, 2024 1:59:09 PM
For years the company has been a vehicle that provides Rory the capital he needs to pursue his vision. He failed with bBooth. He failed in the CRM business. Now he's failing in the video shopping business. Each time Rory has spent vast sums of investors' money that overshadows the revenues the ventures have generated.
And let's not forget how Rory took what seemingly a viable (although likely stagnant) Sound Concepts business and burned it all down to recast the company in a way that conforms to the "Rory Vision." He sold off the Sound Concepts and other acquisition for a small fraction of what the company paid to acquire those businesses.
And all the while Rory smiles with his fake choppers and tells everyone either a) how the killers and rainmakers that are working for him are going to make everyone rich or b) how the failures are not his fault because....capital markets, greedy bankers, naked short sellers, yada yada yada.
One can choose to speculate on Rory's ability to finally create something that generates revenue and positive cash flow, but RC's record of financial failure, failure to take responsibility for his poor decisions, and constant stream of misleading statements should cause any potentially speculator to think twice. Or maybe even three times.
Recent VERB News
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