Verb Technology Company Inc (VERB) News

It's not. Rory Cutaia scams and you are part of it 

Will VERB close on HOD?

Verb on the verge of losing $10, do you think it would be prudent for Rory to release the third quarter numbers early if they’re so much better? Unless…

Unless it is on the verge of gaining $11.

Anyone who "invested" in VERB saw that money disappear. Rory burned shareholder money as he smiled at them with his fake choppers.

Rory revealed late in 2023 that the deal was not going to happen.

The scandal is that the millions received for the sale of the CRM that he suggested would be used to fund the acquisition ended up going into Rory's pocket - both to repay loans that he made to the company and to pay his outrageous salary and other overhead expenses.

And since this:
it is our intention to incorporate the Target’s technology and operations into MARKET.live

you can be sure that the acquisition would have been a failure the way that Market.live is a failure.

Rory's track record with acquisitions is disastrous. Sound Concepts was a money making operation until Rory got his mitts on it. He destroyed any value that SC brought to the table and ended up selling it for a tiny fraction of what VERB shareholders paid to buy it.

VERB is being traded in a channel.

So it’s gone from being an investment to being a trading stock? Got it…

Whatever fits your narrative, unreal…

Yep, there she goes back up.  Jst like I said earlier, VERB is being traded in a channel.

Sorry, not sorry shortie!

“Shorty” didn’t/isn’t running Verb into the ground, but it’s not Rory’s fault for losing tens of millions of investors’ hard-earned savings, right? SMH…

Put the shovel down…

I can tell that VERB's increase in SP and stabilization to its current trading channel after the RS has really got your panties tied up in a knot.  Shorty is pissed off that VERB isn't going to be delisted.

Whatever happened to the targeted acquisition that Rory disclosed last June 2023?

“As I referenced above, and as disclosed in the Form 8-K we filed today, on June 12, 2023, we executed a non-binding letter of intent to acquire certain assets of an e-commerce company (the “Target”) that we believe are not only highly complementary to our MARKET.live business, but could serve as a major catalyst for growth (the “Acquisition”).

The Target’s unaudited financial statements indicate that for the year-ended December 31, 2022, the Target generated transactions totaling approximately $9.5M in gross merchandise value (“GMV”) and was cash-flow positive. It was represented that the GMV was generated by the Target’s approximately 70,000 current active subscribers, each of whom receive daily auto-generated communications from the Target about the preferred brands and products the subscribers selected at sign-up, available for sale each day. Subject to the successful completion of the Acquisition, it is our intention to incorporate the Target’s technology and operations into MARKET.live, so that the transactions that comprise the Target’s GMV will be facilitated on and through our MARKET.live platform, potentially at higher margins. Potential corollary benefits of the transaction include the exposure of the MARKET.live shoppable entertainment programming to the Target’s 70,000 subscribers, possibly driving additional sales, among other benefits, including paid ads and sponsorships. Consideration for the proposed Acquisition will be a combination of cash and stock, structured as a seller note payable over 24 months; payments are subject to actual cash receipts as represented by the seller.

Closing of the proposed Acquisition is subject to a number of preconditions, including definitive closing documents, further price negotiation based on a mutually selected fairness opinion/valuation expert, further due diligence, and an audit, among other things, and as a result, there can be no assurance that the Acquisition will be completed or if completed, that it will be done on the terms currently contemplated by the parties. We are also actively pursuing other possible acquisitions and partnerships to accelerate growth, which we will disclose at the appropriate time.”

https://www.sec.gov/Archives/edgar/data/1566610/000149315223021782/ex99-2.htm

VERB up almost 100% since the post RS low of $5.05, and some are worried about the SP going below $10?

So now VERB is a stock to actively trade? When did you switch from an investor to a trader for Verb?

Shorts vs you are 100-0.

Or actually 99.999-0.

But, but but the cash of $22/share!!

VERB up almost 100% since the post RS low of $5.05, and some are worried about the SP going below $10?

Hilarious! You truly can't make up ridiculous concerns like this.

Shorty starting to worry again that the SP will not go down low enough.

Verb on the verge of losing $10, do you think it would be prudent for Rory to release the third quarter numbers early if they’re so much better? Unless…

The business address shown on the forms for VERB are Rory's home. A house like that worth only $ 1.1 million? I had no idea that Las Vegas real estate was so cheap.

https://www.redfin.com/NV/Las-Vegas/3024-Sierra-Juniper-Ct-89138/home/167633314

Three SEC filings after the close…

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001566610&owner=include&count=40&hidefilings=0

Form 3: https://www.sec.gov/Archives/edgar/data/1029788/000101359424000838/xslF345X02/form3.xml

Form 4: https://www.sec.gov/Archives/edgar/data/1029788/000101359424000839/xslF345X05/form4.xml

SC-13G/A : https://www.sec.gov/Archives/edgar/data/1276470/000101359424000840/verbtech13ga1-10232024.htm

Three weeks til the Q3 10-Q gets filed, can you feel the electricity in the air?

This is up? I guess there is the cash on hard, but the news is so dreadful.

Rory partnering with an entity called GoEffYourself. How appropriate.

Team up two raging narcissists (Rory and Meltzer) who are surrounded by bootlicking toadies and the result is GFY.

The big question is...who is paying the production costs (and appearance fees to the Titans)? Are VERB shareholders paying for all of that?

This product stands out as an embarrassment

This product stands out as an embarassment. And that’s saying something.

It's sort of a moot question because practically no one knows that GFY even exists. There are 82 people subscribed to the GFY YouTube channel. Like Rory's other ventures, these businesses are brilliant in his mind...and his mind alone. No one (except his bitch-baby Meltzer) even care.

https://www.youtube.com/@GoFundYourselfShow

Their YouTube page has a link to what is supposed to be the GFY "LinkTree." If you click on the link it brings you to the LinkTree admin login page. OOOPS. Egg on Rory's face once again.

The presenter on the most recent episode of GFY is a company that purports to raise money for startups. Talk about layers of an onion that need to be peeled back if/when things go south.

I still wonder where GFY sits in the current SEC regulatory environment on offerings.

I still wonder where GFY sits in the current SEC regulatory environment on offerings.

I asked the related question last month…

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175105092

Sounds like they’re getting an introduction fee, depends on how the SEC interprets that, will have to see how it plays out…

Not surprised about the Titan crap, get worried when he elevates himself to Supreme Leader, lol…

I still wonder where GFY sits in the current SEC regulatory environment on offerings.

Such hilarity is that PR (released by David Meltzer's...wife???).

Rory J. Cutaia, the show’s creator, visionary entrepreneur and Founder & CEO of Verb Technology Company, Inc. [NASDAQ: VERB]

Rory should explain where the $ 200 million dollars he raised for VERB was spent. The millions that went into Rory's own pocket is documented and the 6 figures that were paid to the rubber stamp Board of Directors are documented. And of course there was the money spent to outfit the ridiculous Newport Beach office and the billboards.

And the result of that spending? I TikTok shop that does a few thousand a month in sales.

For the next episode of GFY, the Titans should make Rory put on a dunce cap and sit in the corner.

It’s hilarious that Rory refers to himself as a “Titan” of business when the company he took to Nasdaq five and a half years ago has had 99.99+% of its stock value eliminated in that time.

But maybe they mean he is a Titan of Screwing Investors!?

https://www.globenewswire.com/en/news-release/2024/10/22/2967144/0/en/Go-Fund-Yourself-Show-Debuts-Private-Viewing-at-Million-Dollar-Weekend-Event-Keynote-Presented-by-Show-Titan-Jayson-Waller.html

Certainly not on the fundamentals. The stock price is being propped up by:

* People who are not familiar with Rory's penchant for rampant hyperbole and, as a result they are encouraged by the recent letter to shareholders that talks about blue skies just around the corner. Those who have been around long enough know that Rory issues these prognostications on a regular basis, especially when the stock is in the dumper.

* Fools who are looking to average down for the umpteenth time.

* Traders who are playing a game of musical chairs on a low-float stock. They will race each other to the exits once the enthusiasm dies down.

VERB is a money pit with no path to profitability. That much is clear.

It is confounding that this sits over 7M market cap. How?

GFY is a nothing, they’ll pivot off that somewhat soon.

It is confounding that this sits over 7M market cap. How?

Rory and Meltzer's GoFundYourself show seems to be involved with some shady characters. Who could have possibly predicted that?

The most recent GFY episode is a guy who started a company called Fundify that...wait for it...funds startups.

So the original mission of GFY, which was helping startup companies find investors has, as one of its early guests, a guy who has a fund that he says provides funding to startups.

So exactly is Fundify and who is running it? You wouldn't know from their web site. The only contact information is a web form. No street address. No phone number. The founder's name isn't there as far as I can tell.

Here is their "important disclosures" page: https://www.fundify.com/legal/important-disclosures

One part of those disclosures:

Investment advisory services available through the Digital Properties (the “Services”) are provided by Fundify Advisors. Please refer to Fundify Advisors’ Relationship Summary and Disclosure Brochure for additional information about Fundify Advisors’ advisory services.

The Relationship Summary and the Disclosure Brochure are both links and those links are dead...giving a:

404
Not Found

Clearly GFY is not vetting their guests properly. If anyone loses money in these "ventures" Rory and Meltzer are gonna get sued. And it will be glorious.

Oh, and the GFY YouTube channel is up to 79 subscribers. They are, as Rory would say, "Killing it."

And Rory continues to dress in zip up jackets that make him look like the village idiot.

You are part of the scam. Stop it. The righteous will prevail. 

Nice! Down 99.99% but you ain’t no chump!!

Verb share price, being very illiquid now, will continue to show big swings (or not) until proven otherwise…

Turning over 40% of the float is not considered "illiquid" in my book.
🤔

Revenue for the entire second quarter was $ 37,000.

Let's say that Rory is correct and revenue for the 3rd quarter is TRIPLE what is was in the second quarter.

That's around $ 100k in revenue. Cost of revenue in the 2nd quarter was 84% of sales. Even if they bring that down to 60% that means $ 40k of gross margin for the 3 month period.

Overhead in the 2nd quarter was over $ 2.1 million.

The cash burn for the first half of 2024 was 5.2 million.

With that kind of overhead, selling trinkets on TikTok is not a sustainable business model.

VERB's overhead is more than $ 30,000 each and every day. The gross margin on the products being sold on TikTok and any miscellaneous revenue brought in by renting out the studio space and doing livestreams on behalf of third party sellers pales in comparison to the company expenses.

Even Rory has publicly said that the cash on hand is sufficient to maintain operations (aka huge losses) until at least the Spring of 2025.

No one should reasonably expect the cash level to be anywhere near the level it was at the end of the 2nd quarter...unless...the company has been selling shares to keep the bank account stocked.

better pray that the third quarter results don’t show a decrease in cash level from the second quarter…

I lost count a long time ago how many times Rory said things are getting better…

The only thing that had gotten better over the years is Rory’s and the BOD’s take home pay. You must think people are really stupid. The five year chart says it all…

He’s said this on every pivot and they have almost no revenue at all.

All the diehard lackeys, um, I mean long term investors, better pray that the third quarter results don’t show a decrease in cash level from the second quarter…

insert-text-here

"We have completely restructured, realigned, reinvented, reconstituted, and reinvigorated our business. We sold an unprofitable business unit that was operating in a challenging business sector. We’ve since restructured VERB as a holding company with three distinct, yet complimentary business units, one of which we have yet to announce. Each is managed by a separate management team, incentivized for success, and all three are currently generating revenue and are growing and growing at a rate that far outpaces the rate of revenue growth we have ever experienced. Third quarter results will be exceedingly better than second quarter results as these business units are now hitting their stride, and based on what we’re seeing right now, fourth quarter will greatly exceed third quarter results."



So it seems shorty wants to risk it all.
🤣

Someone down 99.99% has no ability at all to “talk down” to a forum that has been generally proven so invincibly right.

Soon VERB will be NASDAQ compliant again and will attract more large investors.

The same line used after the previous two reverse and how long did that last?

Bottom line is Verb needs to dramatically increase revenue, it’s the same old story. So unless/until that starts happening, Verb share price, being very illiquid now, will continue to show big swings (or not) until proven otherwise…

All the diehard lackeys, um, I mean long term investors, better pray that the third quarter results don’t show a decrease in cash level from the second quarter…

Thanks for the laugh…

Here's something that's laughable. How much could shorty lose if he shorted VERB's post RS low of $5.05?

Basic trading knowledge that everyone should know is that the maximum loss for someone that buys shares is ONLY the money that was invested.

Shorty's maximum loss can be infinite, much greater than any loss an investor may experience.
Potentially limitless losses

Will shorty sweat this one out?
How much will shorty lose?

Soon VERB will be NASDAQ compliant again and will attract more large investors.
Recently, there has been a large purchase of about 9.6% of the outstanding shares by an investment firm.
VERB's SP seems to be doing pretty well today. Perhaps the market knows more than shorty.

Cmon fall for it

Half a billion to can’t even fine a buyer for 25k

Oink oink

Stop it with the scam. We both know what you are trying to do here. 

I could comment on how ridiculous and desperate your post is but at this point it’s clear absolutely nothing will change your mind of being a Rory lackey…

Thanks for the laugh…

jr...don't tell us you didn't lose a boatload of cash on verb, or are you just a paid pumper?

But it’s a lot better than being down 99.999% right?

If you spent 50k on your pre-pre-pre-split purchase in the 2s, that’d be down to a single share worth 10 bucks.

As I recall, the SP was about $13.35 when my last post was made.

Opening SP after the RS was $6.32.

Potential loss for shorty would have been $7.03 PER SHARE!

At one point, the SP went up to $16.13, which would have been a loss of $9.81 per share, not to mention other fees associated with borrowing.

Today's closing price is $9.85 per share. Shorty still underwater by $3.53 per share.

Shorty's plan isn't working out too well.

Ouch, that's got to hurt!

Back to our original programming….
Robot/computers doing the wash trading now turned off.