Verb Technology Company Inc (VERB) News

When VERB sold the CRM business and had several million in cash I said that Rory should do the right thing and dissolve the company and divy up the money to each shareholder. Rather than do that he said he was going to use the money to buy a revenue producing business.

Rory was lying, of course, and he used a good chunk of the cash to pay back loans that he made to the company and to continue paying his ridiculously high salary and the ridiculous amount the company pays the sham Board of Directors who do nothing other than keep renewing Rory's employment contract.

The cash is probably almost gone now (IIRC the projection Rory made was that it would last until April of 2025) and the company has even fewer prospects for generating revenue than ever.

$ 200 million pissed away.

Guys who bought this at 2 bucks before all the splits, guys who claimed fraud and demanded SEC investigation of those who felt this was overvalued, 1,000,000 at 2 bucks pre-pre-pre-split, is worth less than 2 shares now. Less than $10. Unbelievable.

So it looks like another one of Rory's "ideas" is going to crash and burn. The most recent company pivot was to vanityprescribed.com which professes to be an on-line source of products to make you look better. In fact, VP is just an also-ran in the business of feeding orders to a contract pharmacy with the web site "promoter" getting a piece of the action.

The flagship product for VP has been compounded Semaglutide, the active ingredient in weight loss drugs such as Wegovy and Ozempic.

Last Friday, the FDA announced that the manufacturers of Semaglutide (Norvo Nordisk and Eli Lilly) have increase production of the patented drugs to the point where demand is being met. As a result, the FDA is withdrawing authorization of compounded versions such as the ones sold on the VP web site. The FDA is allowing compounding pharmacies 90 days to stop sales.

So...even though VP probably had almost zero revenues, the one product that it was banking on will no longer be available for sale.

Below is a snippet of the VP web site. Notice that it lists a "New Year's Flash Sale". Today is February 23. When does the NY Flash Sale end? There is no one at the wheel of the web site. It's just another RC fake company that was put up to placate shareholders.

Yup. Take a look at the 2024 Qtr 3 10-Q.

Additional paid-in capital stood at $ 200,788,000.

And what is there to show for it?

Total assets: $22,137,000 of which $ 3.2 million represents capitalized software development costs. Presumably that is the cost of Market.live that has not been amortized yet. And what's that software actually worth? Even VERB doesn't really use it so I'd say it's worth ZERO.

Another $ 2,263,000 asset on the balance sheet is listed as "ERC receivable."

In one of the offering circulars, VERB explained the ERC receivable as follows:

Other income, net, for the year ended December 31, 2022 was $1.4 million, which was primarily attributable to an Employee Retention Credit (“ERC”) receivable of $1.5 million. We, through our Professional Employer Organization, filed for federal government assistance for the second and third quarters of 2021 in the aggregate amount of approximately $1.5 million through ERC provisions of the Consolidated Appropriations Act of 2021. The purpose of the ERC is to encourage employers to keep employees on the payroll, even if they are not working during the covered period due to the effects of the COVID-19 pandemic. As of December 31, 2022, we have yet to receive the funds.

This is kind of interesting.

On the balance sheet as of December 31,2023 the ERC receivable was still listed as $ 1.5 million. Yet on September 30, 2024 they show the receivable as $ 2.3 million - an increase of $ 800k. The period covered by the ERC ended in December, 2021. Why would the company, during 2024, all of a sudden realize that it was eligible for $ 800k of additional credits for the period that ended 3 years earlier?

There are companies that popped up promising to help companies claim their ERCs. Lots of those consultants were scammers and many claims made for the ERC were determined to be fraudulent.

It would be nice if VERB would explain this. Especially since the company hasn't (as of 9/30/2024) received a dime for its ERC claims.

Has it really been 200M of investment?

Has it really been 200M of investment?

An entertaining read about how Rory is going to make more millionaires:

https://www.globenewswire.com/news-release/2017/12/01/1216300/0/en/UPDATE-nFusz-CEO-Rory-Cutaia-Tells-How-He-Made-People-Millionaires-and-Will-Do-It-Again-on-iHeart-Radio.html

As CEO of VERB he's taken over $ 200 million of people's money and created one Dumpster fire after another. Oh, he's also put millions into his own pocket.

He’s had a major success in business, but this company has been a joke since inception.

did you know rory was a titan?

That’s true.

How can anyone know that?

The new pivot: vanityprescribed.com could have sucked up hundreds of thousands if not millions, even though the site looks like it came from a template that they slapped their name onto.

there is enough cash to avoid this for awhile.

a funny watch:

Natasha Graziano Interviews Rory Cutaia, Founder of Verb Technology [Nasdaq: VERB] and Creator of ‘Go Fund Yourself’ Show on Cheddar TV
February 4, 2025

https://www.citybiz.co/article/653759/natasha...heddar-tv/

Time for insiders to buy or they still selling?

VERB 4.86 52 week low…

Obviously things are going dreadfully for this terrible company, but it’s gonna be some time before the next RS. To get this below $1 there will have to be more dilution, and while that’s assured, there is enough cash to avoid this for awhile.

Today's Wall Street Journal ran an article about Hims & Hers Health, a company that is in the business of telehealth followed by writing prescriptions and shipping drugs to treat various conditions. Their latest push is compounded versions of semaglutide, the weight loss drug.

The article starts out with the line:

There’s a full-blown war over copycat versions of blockbuster obesity drugs. But their days are likely numbered.

As Norvo and Lilly ramp up manufacturing of the "real" GLP-1 drugs they will eventually catch up to the demand and sites like Hims and Hers will crash to the ground.

And where will that leave hangers on like Verb's Vanity Prescribed?

Answer: In the same trash heap as Rory's other addled brain ideas.

It's been a scam for years. We all know it. Especially JR30 

I don't think there is any doubt that most of the cash is gone. What source(s) of revenue do their have?

Sure, they are trying to grift money from aspiring entrepreneurs with the GFY show. When word gets out that people aren't raising the funds they need that business will dwindle to nothing. All that's left will be the "investors" filing lawsuits.

The Market.live site is essentially dead. VERB can't even be bothered to post the most recent GFY episodes. The newest one is episode 8.

The Market TikTok channel used to provide a link back to the market.live site so you could see when they were doing livestreams of the $ 3 rings and other crap. That link is gone so I guess they are out of the business of direct selling and shipping.

The Market.live has a list of "TikTok trending products and deals." The first item is something for Pride Month, which means the list of products hasn't been updated in 9 months. In 3 months Pride Month will be back so just as well, I suppose.

The "consulting" business for TikTok sellers can't possibly be bringing in significant revenues.

The Vanity Prescribed site is another joke. There are plenty of well marketed sites just like VP that use the same "virtual doctors" and "virtual pharmacies" to sell weight loss drugs.

Meanwhile Rory pulls down his nearly $ 1 million salary and the board members are paid hundreds of thousands more.

The company is the poster child for insider enrichment schemes.

Best guess, most of it

Stock price drifting lower again, 52 week low 5.05 not far off, will be interesting to see how much cash Rory burned through in the fourth quarter when the 10-K gets filed the end of next month…

The world is full of snake oil salesmen and conmen, but what makes Rory and Meltzer stand out in that arena is how they constantly profess to "give back" and to "help others."

They aren't giving back shit. They are taking. And they aren't helping anyone else. They are helping themselves.

Bottom feeders. The pair of them.

If he and the CEO here aren’t a turd, I honestly don’t know who/what is.

Rory's bestie David Meltzer is truly a despicable human being. And why should anyone be surprised?

Below is a link to someone telling their story about getting (paid) coaching advice from Meltzer. The victim/sucker/entrepreneur was told by Meltzer that the solution to her business problem is to spend $ 15 grand so she can book an appearance on the anemic GoFundYourself show. Per the Instagram post, someone put up the money to appear on the show, which suggests that the victim doesn't have that kind of money to drop on anything...let alone to pay for an appearance on a show that no one will see.

What a turd Meltzer is. Sucking money out of people who have very little.

https://www.instagram.com/p/DFbAmOczyKD/

That video was posted to YouTube is the same one that has been on YouTube for 4 months. It has a whopping 625 views. I've seen videos of people shaving their armpits get much wider exposure. Don't judge, BTW.

All of the stuff that is being streamed on Cheddar are episodes that have been available on YouTube for months.

GFY is getting no traction because it's a screwy idea. Some schmuck is going to invest and then s/he will lose it all. They will turn around and sue the "Titans." And even if the disclosures that appear during the show protect Rory and company from liability they are going to have to pay lawyers to defend themselves.

More VERB money pissed down the drain because Rory (and his buddy Meltzer) love to hear their own voices.

You have to watch it on YouTube…

Starting at 15:00, pay attention to when Meltzer talks about using the blue pill only on Waller’s wife, very professional, lol…

Found it…

Stock price didn’t watch, apparently, lol…

I watched it, would be curious to see how much each presenter raised…

Did anyone catch the debut of Go Fund Yourself on Cheddar TV last evening? I wasn't home so I couldn't tune in.

If you go to the Cheddar web site and search for Go Fund Yourself the show doesn't appear. I wonder why that is.

I'd love to see the viewership numbers.

https://www.globenewswire.com/news-release/2025/01/30/3018098/0/en/Verb-s-Go-Fund-Yourself-Premieres-Tonight-on-Cheddar-TV.html

The GFY episodes are available on YouTube which has a MUCH wider audience than Cheddar. And people can watch a YouTube video whenever they want vs. having to watch at a specific time as they do with Cheddar.

And yet, GFY has almost almost no viewership on YouTube. There isn't a single GFY episode that has more than 600 views. And the GFY channel has 120 subscribers. That is pathetic.

The Cheddar deal is another farce put together by Rory and his buddy Meltzer.

These announcements just provide for future embarassment when it goes away with no traction.

https://www.globenewswire.com/news-release/2025/01/21/3012673/0/en/Verb-s-Go-Fund-Yourself-Groundbreaking-New-Crowd-Funding-TV-Show-Announces-Expansive-TV-Distribution-Deal-With-Cheddar.html

How much is Verb paying Cheddar for each episode? Just more cash burn…

So you’re down 99.99% while trying to convince others to lose the same?

Y/N?

Someone on StockTwits posted this link to an article that appeared last Friday on the techfundingnews.com web site: https://techfundingnews.com/whatnot-live-shopping-platform-funding/

Whatnot is an the online shopping business that allows sellers to use video to hawk their wares.

Sounds like a business similar to what VERB hoped to be. Difference is that Whatnot had a 2024 gross merchandise value (GMV) for items sold on its platform of more than $ 3 BILLION. When VERB did their Market Mayhem pitch last summer they were looking to hit $ 100k of GMV in a 24-hour period. That's around $ 36.5 million for a full year. The results of Market Mayhem were never announced, but the Jeep giveaway failed because the GMV goal was not met.

And if you search for the "Win a Jeep" videos that VERB posted you won't find them. They're gone or marked private so you can't see them. Rory covering his tracks of failure once again.

The latest Whatnot financing round puts a valuation of nearly $ 4.5 BILLION for the company. And where does VERB stand? The market cap stands shy of $ 6.2 million.

Rory is a loser's loser. Except when it comes to his salary and benefits in which case he continues to line his own pockets rather nicely.

the expiration date is 1-7-2030. what's the odds verb will still be around, instead of a bad memory? lol

You are part of the scam. You know it. I know it.

And I am the Righteous. And will never stop. And there's nothing you can do. 

We will prevail. You scam. 

VERB has simply become a way to take shareholder money and funnel it into the gullets of Rory and his hand picked Board of lackeys.

They allow Rory to treat the company's coffers as if it was an endless pit of money that he uses to fulfill every whim that comes into his fat head. When one business fails to generate meaningful revenue, he ignores that business and starts something new. Wash, rinse, repeat.

The Board grants themselves large compensation both in cash and in company shares.

And the cherry on top is that VERB violates NASDAQ rules and denies shareholders the opportunity to ask questions of management during the annual meeting.

It is truly shameless. Given all that has taken place, anyone who feeds Rory's fever dreams is just stupid.

It’s good to be an insider, why risk your own money buying on the open market when you can get stock options?

Moy: https://www.sec.gov/Archives/edgar/data/1511050/000149315225001494/xslF345X05/ownership.xml

Geiskopf: https://www.sec.gov/Archives/edgar/data/1434693/000149315225001492/xslF345X05/ownership.xml

Rivard: https://www.sec.gov/Archives/edgar/data/1566610/000149315225001491/xslF345X05/ownership.xml

Cutaia: https://www.sec.gov/Archives/edgar/data/1566610/000149315225001495/xslF345X05/ownership.xml

Cragun: https://www.sec.gov/Archives/edgar/data/1327261/000149315225001493/xslF345X05/ownership.xml

I don’t owe the stock. I was pointing out the poster ( that I was pointing out) is garbage. Please follow along. It’s not that hard

once you lose your shirt on this pig of a stock, you'll come around.

you triggered bro?

So the reverse splits never happened and the stock is not down 99%?

No one listen to this garbage persons posts. She’s paid to be here and irrelevant!

Why can't you mind your own fkn business?

We can simply go though your post history to see where you bought and the company’s fall from more than 300,000 pre-pre-pre- split to now, right?

And we can see that you have had issues with violating IHUB's posting rules simply by going to your profile page, right?

But you have suggested this was a company that could perform well and it lost well over 99% of its value due to very poor performance, right?

We can simply go though your post history to see where you bought and the company’s fall from more than 300,000 pre-pre-pre- split to now, right?

The people who didn’t and followed your “positive no matter what” advice lost their entire investment on one of the worst companies of all time.

Nice try, but I don't give financial advice like shorty or other stock bashers telling people to sell.

There is no such thing as this company’s share price “doing well”. It bounces from all time lows and goes back. It’s a horror of a company with no product or sales.

As sure as I am typing this it will create new lows again.

You’re down from 240,000 adjusted from splits and saying it’s doing well???