For whatever reason it was part of the original agreement that Pando wanted to be a standalone company. And I guess earnouts were based on them being a standalone company. I don't get it either. What is the advantage? Why not proceed with integrations ASAP. I believe integrations were taking place from the start though on Veritone's end, and if Veritone uses Pando assets to make money then that money would go towards the earnout.
What I've always wondered about this purchase is that when Pando has such a huge customer in Amazon, if I were running Pando, I wouldn't make a strategic move unless I knew Amazon was in favor of it. Seems crazy to me to think that Pando would go to Amazon and say hey customer, we are being acquired by Veritone and will soon integrate with Veritone tech whether you like it or not. Just seems to be that Amazon played some role in the process. Also, if you believe Chad, it was with partner Amazon that they created a new AI recruiting standard. Which we still have heard nothing about. I presume it has something to do with PandoSelect, which they said they were announcing on August 31, and then barely said anything about it. Don't know if the recent amendment to the Pando agreement is related to all this or not. I guess we have to presume that nothing is going on with Pando unless told otherwise. The market and stock price says nothing is going on with either Pando or Veritone, and Veritone is either satisified with their stock getting crushed or they have nothing that they can announce to support the stock. Sucks being a veritone shareholder I guess.
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