Replies to post #10338 on Veritone Inc (VERI)

[KVM]

All indications to me is they are going this alone. Yes they have channel partners, but bigger partners like Microsoft and Deloitte and Oracle and Google have ditched them to leave them on their own. And yes even AWS to a lesser extent. AWS ditched them in a big way on recruitment and who knows what else. Granted they are hooked up in some way but until that is or if revealed I'll assume it is just another channel partner relationship. Right now Fed is a bright spot but until those contracts revealed we really won't know and Hiring could be a bright spot but don't really talk about it anymore. Still believe a $25 company at this point once get rid of ad agency and focus on Ai. But I have been personally optimistic for 10 years and have been lied to and BSed only to be let down. Only still in this because have taken such a beating and still believe just ME verticle can make them at least an average ai company and like I said should have value of at least 25 in today's ai craze. JMO

[GBR]

"If so rosy where the hell were any insider buys from C suite or BOD when stock was approaching a $1 a share except for the RS purchase. As a matter of fact have been no insider purchases for years."

Ryan purchased over 550k shares at around 7 bucks in August and September 2022. That's only a year and a half ago. And he bought 50K shares back in November 23 for 2 bucks.

When RS purchased the 550k shares, he knew Veritone was going to switch strategy. He knew CS was going to step down, and he knew they would be spending a year or more on a new aiWare roadmap.

But you are right, no insider had taken advantage of the opportunity to acquire the shares when they were under 2 bucks.

But also, never any sales. RS and CS sold some shares a couple years ago strictly for tax purposes and that's it. And if you think that no insiders were buying the shares under 2 bucks because the outlook was gloomy, then why are we not seeing any insider sales now that the stock is rocketing?

Meanwhile, Soundhound insiders can't sell their shares fast enough. Lots of sales at Bigbear.AI. C3 insiders perpetually selling their shares, never buying.

"Things got so bad just a few short months ago that they had to make a usury loan at 14.5% in exchange for their 1.75% debt and had to give away almost 10% of the company."

That debt restructuring was an agreement between Veritone and the convertible note holders. Yes, they exchanged low interest rate debt with high interest rate debt, but if that is to be pointed out, then it is only fair to point out that Veritone has been able to retire a large percentage of the convertible debt at a significant discount. So yeah they are paying a higher interest rate on the new debt, but bought back debt at a discount. Yeah they gave out 3M in warrants, around 7.5% of the company, but that was in exchange for the exact same number of convertible shares that were retired, so it's a wash.