Replies to post #170871 on Verb Technology Company Inc (VERB)

[TenKay]

His projection about it in May is literally referenced twice in the question in the August call and he even admits he got that one wrong. “Go ahead and chalk that one up to a forward-looking statement, for those of you keeping track.”.

LOL.

[TenKay]

In May he said he expected to be cashflow positive by the end of the year. In September at the second Town Hall call he got asked about because AGP was projecting that he wouldn’t be.

He back peddled and admitted he got it wrong.

And I will again make the same observation...either he knew it wasn’t going to happen but said it anyways which was a lie...or he actually believed it was a reasonable expectation and was so far off the mark one could only conclude he was clueless about the actual trajectory of his business.

And they won’t be anywhere close to cashflow positive in the next Q over a year later....

[jobynimble]

I don't see any promise or prediction that it would be cash flow positive in 2019.

So, first question, Rory: When do you anticipate being cash flow positive?

Rory Cutaia:

Our current model indicates that we will be cash flow positive by the end of the year, but I’d like to be able to give some guidance on that and I’d like to wait until we have filed our second quarter’s earnings, and then I’ll provide something more definitive at that time. That’s what it’s looking like right now.

https://www.sec.gov/Archives/edgar/data/1566610/000149315219008409/ex99-1.htm



He then backtracks after the second quarter is released, so he DID throw out the carrot of possibly being cash flow positive by year end 2019 and it’s certainly not the first time he’s thrown out carrots and backtracked and that’s what causes the credibility problem...