Verb Technology Company Inc (VERB)

[dukeb]

You raise a really interesting issue. What is Verb's product now?

Market.live is fading into oblivion (although in fairness, it never made it out of oblivion). The upcoming livestream schedule (save for an event at noon eastern today) are the same sellers over and over. Look at the schedule for the week of May 13th. Drew Dorsey on Tuesday, Margot and Doll10 on Wednesday. That's it. For the entire week. Then nothing again until Drew reappears the following Tuesday followed by Margot and Doll10 on Wednesday. Then nothing until Drew reappears the following Tuesday. Wash, rinse, repeat.

It seems that Verb now considers itself some sort of consulting company that will guide TikTok Shop sellers on how to get started selling. They will also provide studio space and infrastructure (cameras, lights, internet connection) for those who are near a Verb studio in LA. or Philadelphia. Verb has no experience doing this and yet they fashion themselves as "experts" in on-line selling.

That's it. That's the business.

Verb will have virtually no revenue and yet they still have substantial fixed costs because of the studio/office space, 20 or so employees and a CEO who draws compensation nearing 7 figures.

Despite what Rory has said (because if he's talking, he's lying) the company doesn't have enough cash to sustain itself for the next 12+ months. He spends money like it's water and they will be back to try another capital raise before the end of 2024. That is, unless he pivots for the nth time, jettisons the studio space and more employees and picks a new business model.

I don’t believe it technically even has a product