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),
