Replies to post #181456 on Verb Technology Company Inc (VERB)

[Real McCoy]

A disgraceful lie. It’s one thing to try hard and have things be delayed or whatever. But at the time he said this there was absolutely no possibility of it being true. Not even close. It’s not remotely close now 2 years later.

[Mumbo Jumbo]

"we will take on traditional bank debt".lol another lie

This was an interview from 2019:

Justin Butler: 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.

Justin Butler: Okay. Next question: How do you intend to finance operations until the business is cash flow positive?

Rory Cutaia: We have existing cash that we raised in connection with the offering, and some debt that we raised. In addition, we will take on traditional bank debt, not the kind of crazy, toxic things that you see OTC companies do, we don’t need to do anything like that.<Oh, you mean like OTC nFusz did?> So, we’ll take on some traditional debt, and that, together with what we’ve raised and the cash that the business will generate, we should be in really good shape through the end of the year and beyond.


So all the financings since are classified as "really good shape'?

[just1havnfun]

RORY FOLLOWED UP ON THAT DURING THE CONFERENCE CALL FOLLOWING THAT YEAR’S
2nd quarter’s numbers. ON THAT CALL IS WHEN HE SAID THAT HE COULD MAKE THE COMPANY
CASH FLOW POSITIVE OR HE COULD BUILD THE COMPANY MUCH BIGGER AND MUCH MORE
VALUABLE. I, FOR ONE, THINK HE MADE THE RIGHT DECISION AND WAITING AN EXTRA COUPLE
OF YEARS WILL PAY OFF FOR ALL LONG TERM SHAREHOLDERS.