Verb Technology Company Inc (VERB) News

Wouldn't be surprised if some of the faithful sold end of December to harvest a tax loss and now those same people are bidding the price back up because they don't want to miss the ride back north.

This is up today? What??

Yep. You are totally right.

JR30 will be back to crow when the stock price jumps from $2.00 to $ 2.50 on some nonsense "news" posted by RC.

Big gains. LOL.

Why oh why hasn't Rory sold any of his stock on the open market?

Why?



This isn’t the first time shorty has been complaining about Rory.


BTW, SP is now $11.23. Shorty be down 122%.


You must be in shock since no response to my recent posts, bummer…

Looks like your post didn’t age well…

And his disingenuous excuse for issuing shares is that management and the BOD need to get stock to make sure they are properly awarded should there be a takeover of this POS.

Like anyone would want it.

I guess he is trying to stock up again. lol.

And his ingenuous excuse for issuing shares is that management and the BOD need to get stock to make sure they are properly awarded should there be a takeover of this POS.

Like anyone would want it.

I guess he is trying to stock up again. lol.

The one thing that makes me lol about that is the reason Rory holds almost no stock is that his holdings have been obliterated by the reverse splits.

How appropriate…

I guess he is trying to stock up again. lol.

This has never been about the upside for insiders, never. It’s only ever been about the current cash they can pull out.

He’ll be holding around 350k worth of stock post offering.

Bahahahahahahahaha

Rory owns almost no stock in the company. Same as the "independent" directors.

Those who buy shares in a company where management owns almost none are suckas.

If great things are in store, shouldn’t the insiders be buying? Not selling?

What do think happened that they decided to file to sell and not buy?

A real headscratcher…

Do you still think the insiders aren’t selling?

Scroll down the 8-K to see who is listed first as a selling shareholder…

I’ll give you a hint - his initials are RC…

8-K out…

REOFFER PROSPECTUS

VERB TECHNLOGY COMPANY, INC.
Up to 109,829 Shares of Common Stock
Issuable under certain grants under
Verb Technology Company, Inc. 2019 Stock and Incentive Compensation Plan

This reoffer prospectus relates to the public resale, from time to time, of an aggregate of 109,829 shares (the “Shares”) of our common stock, $0.0001 par value per share (the “Common Stock”) by certain security holders identified herein in the section entitled “Selling Securityholders”. Such shares may be acquired in connection with common stock underlying options issued under the Verb Technology Company, Inc. 2019 Stock and Incentive Compensation Plan. You should read this prospectus carefully before you invest in our Common Stock.

Such resales shall take place on Nasdaq, or such other stock market or exchange on which our Common Stock may be listed or quoted, in negotiated transactions or otherwise, at market prices prevailing at the time of the sale or at prices otherwise negotiated (see “Plan of Distribution” starting on page 6 of this prospectus). We will receive no part of the proceeds from sales made under this reoffer prospectus. The Selling Securityholders will bear all sales commissions and similar expenses. Any other expenses incurred by us in connection with the registration and offering and not borne by the Selling Securityholders will be borne by us.

This reoffer prospectus has been prepared for the purposes of registering our shares of Common Stock under the Securities Act to allow for future sales by Selling Securityholders on a continuous or delayed basis to the public without restriction, provided that the amount of shares of Common Stock to be offered or resold under this Reoffer Prospectus by each Selling Securityholder or other person with whom he or she is acting in concert for the purpose of selling shares of Common Stock, may not exceed, during any three-month period, the amount specified in Rule 144(e) under the Securities Act. We have not entered into any underwriting arrangements in connection with the sale of the shares covered by this reoffer prospectus. The Selling Securityholders identified in this reoffer prospectus, or their pledgees, donees, transferees or other successors-in-interest, may offer the shares covered by this reoffer prospectus from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices.

Investing in our Common Stock involves risks. See “Risk Factors” beginning on page 4 of this reoffer prospectus. These are speculative securities.

Our Common Stock is quoted on the Nasdaq Capital Market under the symbol “VERB” and the last reported sale price of our Common Stock on December 27, 2024 was $6.60 per share.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

The date of this prospectus is December 30, 2024

Complete filing: https://www.sec.gov/Archives/edgar/data/1566610/000149315224052533/forms-8.htm

Down and down it goes. Because Rory Cutaia is a professional scammer. 

Guess that didn't work out, good to know.

FINRA

Who is "they" ?

unless.., they don't like this company and want to make sure it gets delisted for not having enough shareholders.

Things got complicated since FINRA took charge.

Now companies can say, that is what we filed but that wasn't what we meant, after the fact.

Why they'd even bother with a 1 share roundup is a mystery, unless.., they don't like this company and want to make sure it gets delisted for not having enough shareholders....

Hopefully no change to your lifestyle as a result

So I only "made .20 cents" in that account instead of 6 bucks.

Posters over on iHang are saying that they can't purchase VERB shares at Fidelity Brokerage. Fidelity has not been able to provide an explanation. I wonder if Fidelity is fighting it out with VERB on the share round up issue and won't allow buys until the matter is resolved.

The irony is that Fidelity's ban on VERB buys is probably going to prevent those iHang knuckleheads from losing more money than they have flushed already.

So I got a message from Schwab. They said "I owe a share" in each of the 4 accounts I bought and sold 1 share in pre and post split in!

As a reminder, I bought 1 share at .04 & sold it at 6.60

They actually bought a share in one of the accounts without me placing an order. Kinda like a short cover. I called my financial advisor & he said Schwab had "no control" over it. It's a FINFA thing. I told him what the proxy said & the 8k. They will move it up the chain but he also said "these things usually end up in a class action lawsuit".

So I only "made .20 cents" in that account instead of 6 bucks.

F'in Rory got me again...

Yes, The Titans fake boxing with each other and Rory's ridiculous outfits are the kind of entertainment that you typically see at a circus. Meltzer is a special kind of whack job.

How is that thing suppose to make money?

From the latest Q:

The Go Fund Yourself business unit generates revenue from cash fees we charge to issuers to appear on the show and for marketing, ad, and content creation and distribution services. For those issuers that sell products during each airing of the show through our platform, we charge a fee up to 25% of the gross sales revenue for all products sold.

The Q showed $ 25k of revenue from GFY. Cost of revenue to generate that $ 25k was $ 19k. They allocated $ 204k of G&A to that "reportable segment". That probably includes buying Rory's clown costumes. Throw in another $3k of depreciation and the GFY operation generated a $ 201k loss for the quarter.

Like all of Rory's previous stupid ideas GFY will fade away soon, never to be mentioned again.

I actually watched a couple of the GFY episodes…

…it was worse than I thought.

A bunch of narcissists trying to stay relevant.

How is that thing suppose to make money?

is that a sub 5 price out on the horizon??

Obviously. It has nothing to do with the fact that the company changes business models as often as some people change their underwear. Nor does it have anything to do with the fact that the company is burning through close to $ 30k each and every calendar day with no prospects for profitability.

Rory is just a victim of circumstance. I cry a tear for him each morning.

It seems “shorts” and the “uninformed” investing public at large are to blame

It seems “shorts” and the “uninformed” investing public at large are to blame.

Rory needs to do another SHAC video to explain this poor performance.

Who will he blame?

5 one thousandths of a cent pre-pre-pre-split

pre r/s .03

100%.

If you don't get the TITAN reference you should waste some time watching an episode of Go Fund Yourself. He and Meltzer and some 3rd and 4th clowns call themselves business titans who judge the presentations of people who are trying to raise funds for their venture.

A dime store version of Shark Tank if you will, although the differentiating feature is that viewers can do the investing.

Since they've seemingly halted production of GFY I suspect the show was a flop. Just like everything else Rory has attempted in the last 10 years.

Oh well, onto the next stupid idea.

Rory has no integrity whatsoever.

He is a snake oil salesman.

And deep down…he knows it…because he keeps trying to achieve some sort of relevance.

Titan? ROTFLMFAO!!!!

Rory is drawing a salary of several hundred grand a year for doing ZERO work. He likely gets company perqs like health benefits, a car and other goodies. He recently flew to China on the company dime...probably sat in the front of the plane because...he's a Titan doncha know.

Rory has every incentive to keep the plates spinning while he smiles at his shareholders with his fake choppers and wears his stupid jackets like he's some sort of fashion icon.

He doesn’t give a shit any more.

He got his money out.

He doesn’t give a shit any more.

The line of business that seems to be getting some traction is the one where they use Verb employees and facilities to hawk other brands during livestreams. Rory stated that the company charges a fee for those services (vs. getting a percentage of sales). That's all well and good and no one other than insiders know what the numbers are. But I posit that the BEST case is that the company brings in $ 2,000 per day 5 days a week. So figure 10 grand a week.

The company overhead is over 200 grand a week. Multiply that out and the annual loss is close to $ 10 million.

The most recent Q shows the quarterly loss as just shy of $ 2 million. I don't think my numbers are far off.

And the losses should really be larger. The company maintains an asset of "Capitalized Software Development cost" that paid for the market.live site. As of the September 30, 2024 Q, the company was amortizing just $ 748k per quarter. Since the site is defunct, they should be forced to write down the entire remaining capitalized cost of $3.2 million. Shame on their accountants for not doing that.

No wonder Rory is diluting like a madman. He knows better than anyone that cash is flying out the door and the prospects of that changing are non-existent. Payroll has to be covered so he can maintain his lavish lifestyle.

but you are saying 2 of them are dead. Is Vanityprescribed all there is now?

So they had 3 lines of business, but you are saying 2 of them are dead. Is Vanityprescribed all there is now?

Business people know that you need to create plan before launching a business. That plan should include financial projections - especially if the project requires funding - from investors or a lender. There was no way on earth that selling the crap that appeared in the Market TikTok Shop was going to generate enough revenue to come even close to covering the company's overhead of more than $ 30,000 each and every day of the year.

Rory claims to be a serial entrepreneur. That's rubbish. He's a serial loser and he burns investor money every time he pivot to something new. Vanityprescribed will be just another in a long list of failures that Rory conjured up in his addled brain.

And the BOD is complicit.

None of it has ever been nor will it ever be real.

None of it has ever been nor will it ever be real. 

It's all one big shell game of scams. 

It looks like Rory has abandoned two of his latest ideas.

Since the market.live platform was abandoned earlier this year, VERB employees were doing livestreams on TikTok hawking trash like $ 3 earrings and other Timu caliber garbage. The market.live web site used to list the seemingly random times when there would be a TikTok livestream.

The market.live site stopped showing the TikTok livestream schedule several weeks ago. I used to fire up TikTok and see a livestream happening once in a while (https://www.tiktok.com/@market.live_official). I no longer see Verb's livestreams. I guess that business is in Rory's rear view mirror.

IHang users have stated that Mia and some of the other Verb people are now doing livestreams on behalf of 3rd party companies and the Verb TikTok page indeed shows snippets of those streams.

It also looks like GoFundYourself is dead. The "Newest Episodes" section of the web site shows episodes from October 17, October 24 and October 31 as "Coming Soon." They can't even be bothered to post the videos to their own web site.

The GFY page on YouTube is a mess. https://www.youtube.com/@GoFundYourselfShow

Fundify is listed as being episode 5 in one spot (with a whopping 23 views) and is listed as episode 6 in another spot (66 views). Chatterworks is also listed as episode 5...with 104 views. The most popular GFY episode of all time was posted 2 months ago. It has 627 views

This is all so totally pathetic. And "Titan" Rory continues to collect his bloated paycheck.

Hey look I'm correct again. Rory Cutaia scams. And JR30 and redspeed are part of it. 

I'm lovin' it.

Yes, just call me "Warren". Lol. Truth is I got the idea HERE and thought I'd give it a shot!

I have 5 accounts with Schwab; regular, IRA, Roth, Rollover, & wife's IRA. I hold "1 share" of VERB in one account. I bought 1 share in each of the 4 accounts with no VERB holdings. Cost was .04 each. After the RS I still had the 1 share, but pps was $6 'ish.

I sold as soon as I could thinking pps would crash. Sell pps was 6.60 ish in each account. Had I waited, coulda got more! Bottom line, my .1628 cents "investment" yielded $26.41

I'll check but haven't heard anything from Schwab or seen anything where they reversed anything?

Smart if you pulled that off.

Did you get your 1 post-RS share? The iHang poster she s/he never got theirs and, when they inquired, they were told they were getting a few cents for the old share...no new share.

Sounds fairly simple and straightforward, right? Sounds like they're assuming people bought 1 share to "add" to their VERB holdings. I'm thinking people did what I did; buy 1 share & then sell it after RS for a premium. Call the sheriff.

Given what I seen recently, NASDAQ rules seem to be simply guidelines and they don't care if they are bent, broken or ignored so long as the listing fees are paid.

Bwtfdik 🤪

So the reverse split announcement about rounding up shares turned out to be a lie. Very on brand for Rory.

A post over on iHang included an email that indicated that VERB is retroactively changing the rules of the game and would be paying cash for any fractional share that was a result of the RS rather than rounding up to the next higher number of shares.

Regarding the 1-for-200 reverse stock split that became effective on 10/09/24, the following information is correct as it pertains to the shares of VERB held in your account.

The issuer has revised the processing instructions for the split. Initially, fractional shares were rounded up to the nearest whole share. Going forward, fractional shares will instead be paid out as cash in lieu. Our clearing firm will reprocess the event to reflect this update, which may result in one fewer share of VERB in your account.

TenKay speculated that VERB was rounding up shares to avoid running afoul of NASDAQ Capital Market's requirement that a listed company have at least 300 shareholders. Owners of less than 200 shares are now officially wiped out.

VERB seems unconcerned about the 300 shareholder rule (or perhaps they will be in compliance.)

After all, VERB has continuously ignored NASDAQ's rules about allowing shareholders to ask questions during the annual meeting.

And yet Rory shows up at a NASDAQ event in Las Vegas.

SMH.

I've noticed a correlation that you continue to try and scam even though I've been proven correct now for years. So much so that you are afraid to even respond. We will never stop. We are the righteous. 

That’s any stock.

The share price here is a result of almost impossibly poor performance and then meme type movement from all time lows.

It’s really not a battle of shorts vs longs, but of course it’s been long established that naysayers were correct here, short or not.