Verb Technology Company Inc (VERB) Quote

That Verb chart is very telling, mind boggling it was the equivalent of $240 just 10 months ago…

VERB a new 52 week low

This is called real due diligence…

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175210421

When are you going to stop backing Rory, when all he’s done is run this company into the ground and wiped out shareholders life savings? Get real, sheesh…

Sadly this is true. The Board's negligence extends well beyond their relationship with VERB. Not long ago I detailed the other companies that the 3 board clowns are associated with. Everyone of those other companies are in the toilet. Example: Verb Board Member Moy is also on the BOD of MetaWorks Platform. You can pick up a share MetaWorks for around 1 1/2 cents. That same share in 2023 would have cost you more than $ 3.

BTW, Verb Lead Director James Geiskopf's Bio on the VERB site states:

Since 2014, Mr. Geiskopf has served the Board of Directors of MetaWorks Platforms, Inc., a publicly traded company quoted on the OTC Markets Group Inc.’s OTCQB tier, where he is lead director.

Geiskopf isn't on the MetaWorks Platforms BOD any longer. Maybe Rory hasn't found out yet.

VERB director Kenneth Cragun is an interesting cat. He is currently CFO of Ault Alliance. If I am not mistaken, that's the company that has been funding another NASDAQ disaster: Mullen Automotive. TenKay can fill in a lot of blanks about Ault. Ault recently rebranded itself as Hyperscale Data . Take a look at their stock chart (GPUS). In 2021 a share of GPUS would have cost you $35,000. Today you can buy a share for TWENTY CENTS. GPUS did two reverse splits in 2019, one in 2023 and another in 2024. Cumulatively, someone who owned 60 million shares in early 2019 would now have a single share.

It all makes sense now.

The BoD won’t lift a finger to do anything against Rory since they’re bribed, um, I mean handsomely paid, too

The BoD won’t lift a finger to do anything against Rory since they’re bribed, um, I mean handsomely paid, too…

The BOD that was hand picked by Rory is largely responsible for this situation. At the recent annual meeting the BOD was re-elected so shame on those who voted for them.

Rory's "vision" has failed time after time after time. And yet the BOD doesn't fire him. They just allow him to pivot to an entirely new business model and try again; all the while collecting his 6 figure salary.

Rory should be put in front of the "Titans" that appear on the GoFundYourself show and be forced to explain the VERB business model.

Even suck-up David Meltzer would probably tell Rory that he's an idiot. I wouldn't trust Rory to operate anything.

Yes, that will be interesting indeed. Someone over on StockTwits occasionally posts about how the company has cash per share that is several multiples of the current stock price. The "cash per share" cited was as of the last Q. You can be sure that hoard has dropped steadily since then.

There is one thing that Rory knows how to do: spend shareholder money. Money to himself. Money to the board. Money for first class travel to Asia. Money for pink furniture and stupid outfits.

Curious to see what the cash level is in the next 10-Q, due Nov15, give or take a couple days

Verb reverse split history…

Feb 4, 2019 - 1:15

April 19, 2023 - 1:40

Oct 9, 2024 - 1:200

At the current price of 5.50, the price before the three reverse splits would be 0.00004583

Anyone who owned 120,000 shares in January 2019 now owns one share…

Congrats, Rory, great job you did for investors, telling them it would be a mistake to sell and just eat ice cream, and the most horrific act was the threat of the “new sheriff in town” against the skeptics, who were right all along…

Great job, indeed…

Curious to see what the cash level is in the next 10-Q, due Nov15, give or take a couple days…

If you had a business that was burning $ 30,000 a day and had no prospects to ever become profitable, what would you pay for that business if it was up for sale? I'd argue the value is ZERO.

Verb received millions of dollars when it sold the CRM business (at a huge loss, of course because that's the Verb way). The cash received was supposedly going to be used to acquire a revenue generating business. Instead the cash went into Rory's pocket since he used a good chunk of it to pay back loans he made to the company. BTW, there was the prospect for VERB to receive additional money for the CRM sale if the new owners were able to successfully bring in new customers. You don't hear boo about that money. Prolly because the new owners realize they bought a pig in a poke.

Verb paid millions of dollars to develop a shopping platform that has been abandoned. The goal of Rory's recent trip to China was probably an effort to get TikTok to license the platform or perhaps buy it outright. The TikTok people (from the receptionist to the COO) likely laughed him out of the building.

In total, the Company has squandered $ 200 million of investor capital. And what is there to show for it?

Some cameras, lights and some gaudy pink furniture.

something seriously wrong

When does the bleeding stop? Where’s the insider buying? Even the insiders aren’t buying…

I can't tell you what Rory is doing, but I can tell you what he's not doing. He's not hiring competent people to run Market.live. For $ 1 million a year you can't expect him to be actively involved. He's too busy doing TV shows and shopping for stupid looking outfits.

I will grant you that no one looks at the market.live web site at this point so maintaining it is a waste of time. But still, if you are going to post information it ought to be current and it should be readable. Below is an image of what is on the Market.live site right now:

a) Today is October 10. The "Up Coming" (sic...upcoming is one word you dummies) events stop at October 9.

b) A good amount of the text layered on top of the images is unreadable. Who looks at that work product and says "Yup...looks good" ???? Answer: Idiots.

Can’t wait to see the next Q, something seriously wrong as the stock price continues to get hammered after the r/s…

Seriously, VERB can’t hold a bid, wtf is Rory doing?

i now own .28 shares. if i want the physical share, do i get .28 th of a certificate or do they write the info down on toilet paper?

You sir, should be a poet laureate somewhere.

Sorry to hear of your overall loss. At one time Rory's PT Barnum act was successful and you were one of his victims.

By now everyone knows that Rory doesn't care about people who owns shares already. He cares about people he can sell shares to tomorrow. A true huckster.

As for your play turning 16 cents into $ 26.

Bravo!

So I really killed it today. After reading about all the "1share trades" here the other day, I put my sophisticated plan in motion. I have 5 Schwab accounts due to IRA's, rollover, ROTH, regular, & wife. I was still holding 44 shares in 1 account (just so I could continue to torture myself) and have incentive to continue to follow and hate Rory.

Yesterday, I bought 1 share in each of the 4 accounts without VERB. There were no fees or commissions so my net total was .1628 cents. I've previously watched shitty OTC stocks plummet after an RS so I wanted to sell right after the RS. I actually thought the RS was coming around the 21st! Fortunately, while I was sitting on toilet taking a Rory, before I even wiped my Verb, I thought I'd check in.

I immediately put in 4 Market Sell orders. Total sales was $26.41 so I made a juicy $26.25 profit for a 16,225% gain. I'm the man. I'm now holding 1 share at a cost of $1,608.20 so I'm ready for the next pivot to see how much I make on that "investment".

I do believe it's an all time low. And why shouldn't it be? The company seemingly has no path to profitability. Just endless daily SG&A of $ 30,000+ and gross margin of perhaps 1% of that.

The cash burn will continue until it runs out.

VERB new 52 week low

VERB new 52 week low

What’s unbelievable is he still thinks they are storing “news” after all this time of nothing.

Dude- it’s really true they have no plan or product.

Redspeed, JR's partner in crime over on iHang, is suggesting that VERB participate in manipulation of the stock price by timing the release of news.

Now what would be fun is if VERB took advantage of that and released news. I would guess they got to the point where they decided not to waste good news pre-RS since the last few PRs didn't move the needle with the RS overhang.

Anyone using the words "fun" and "VERB" in the same sentence should seek psychiatric attention.

Do you think Rory deserves to continue to collect his exorbitant salary?

It’s not cheap yet this has room to fall to 1M market cap that this sat at for a while, and frankly at a time where there were less quarters of market rejection.

VERB loses $6, where’s the support?

Do you consider this a “win” after this going down 99.9999% from when you first started
“arguing” with this poster?

Thanks I completely missed that!

Any thoughts on no insider buying if the stock is so cheap? Think now they’ll step up or just issue themselves more options?

Is the reverse split effective today? They did not provide the market with 2 days notice as required by NASDAQ.

Why would Naz process it without the notice.

The CM Tier of Naz is becoming more of a joke than the OTC.

VERB Stockholders Vote To Reverse Split VERB Shares To Retain Nasdaq Listing

"Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including MARKET.live, its livestream social shopping platform, today announced that its stockholders voted to authorize the Company’s Board of Directors to institute a 1-for-200 reverse stock split of its common stock shares and that the common stock shares will begin trading on a split-adjusted basis at the commencement of trading on October 9, 2024. The Company’s shares will continue to trade on the Nasdaq Capital Market under the same symbol "VERB" with a new CUSIP number, 92337U302."

1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95% chance of being right about.
3) Am I a paid basher?

Must be the other "5%" catching up to you.

R/s effective today and still going lower, smh…

Is the reverse split effective today? They did not provide the market with 2 days notice as required by NASDAQ.

Why would Naz process it without the notice.

The CM Tier of Naz is becoming more of a joke than the OTC.

LOL

It’s actually more than a day. They originally were given until October 2 to affect the reverse split to obtain compliance by October 21. Now they don’t have to RS until October 22? They still therefore wouldn’t be in compliance until early November.

Nasdaq is a complete joke.

“On August 28, 2024, the Company received a notice from Nasdaq that, based upon its review of the written record, the Panel had granted the Company a temporary exception until October 21, 2024 to, effect the reverse stock split and thereafter regain compliance with the Bid Price Rule. The Nasdaq Hearing Panel noted that the temporary exception was granted based upon the Company’s representation that it would complete a reverse stock split, if necessary, no later than October 2, 2024. The Company prioritizes regaining compliance with the Bid Price Rule through other measures before resorting to a reverse stock split. However, in the event the Company fails to achieve compliance by mid-September 2024, it will be required to undertake a reverse stock split to regain compliance by the October 21, 2024 deadline. In the event the Company fails to regain compliance with the Bid Price Rule by October 21, 2024, its securities will be delisted.”

One extra day, lol…

8-K: Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed in the current report on Form 8-K filed by Verb Technology Company, Inc. (the “Company”), on September 4, 2024, and amended on September 6, 2024, on August 28, 2024, the Company received a notice from the Nasdaq Stock Market that, based upon its review of the written record, The Nasdaq Hearing Panel (the “Panel”) had granted the Company a temporary exception until October 21, 2024 to, effect a reverse stock split of its common stock and thereafter regain compliance with Nasdaq Listing Rule 5550(a)(2). On October 2, 2024, the Panel amended the exception granted by the Company to provide that the Company has until October 22, 2024, to effect a reverse stock split to regain compliance with Nasdaq Listing Rule 5550(a)(2).

Complete filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1566610/000149315224040317/form8-k.htm

Nasdaq sends a notice and gives the company some amount of time to rectify…or they face delisting. This happened to MULN, the other Nasdaq scam stock I follow.

I think it would only take one well written email to Nasdaq and there would be yet another deficiency on the books he would have to deal with.

Ding meaning...slap on the wrist? VERB's legal counsel was on the annual meeting broadcast. That they did not express any reservations about ending the meeting without giving shareholders an opportunity to ask questions would suggest that there is little concern about violating rule 5620(a).

I have seen a company get dinged for this.

I have seen a company get dinged for this. All it would take is for a shareholder who participated in the meeting to contact Nasdaq and say that no shareholders were afforded an opportunity to ask questions under the shareholder participation requirements of Rule 5620(a)

For several years now VERB has violated the rule that mandates that shareholders be given an opportunity to ask questions of management and the BOD at the annual meeting. There was no such opportunity at last week's VERB annual meeting. Same in 2023 and possibly in years prior to that.

NASDAQ doesn't enforce their own rules. Bernie's ghost continues to haunt.

It also appears they are not going to be back in compliance by NASDAQ’s deadline of October 21. They need the stock price trading above $1 for 10 consecutive days before Oct. 21 and the earliest they could do the RS is this Wednesday. They are required to give the market two days notice.

This will be interesting…although Nasdaq bends over backwards to allow companies to stay on their Capital Markets tier.

Ahhhh. So that explains why they wouldn't want to pay shareholders cash and wipe them out.

The constant trading of single shares has been going on every day. Less than an hour into today's trading and there are 10,000+ trades - most of them for a single share.

The reason they do that is so that they don’t eliminate shareholders from the shareholder count and fall outside of Nasdaq’s requirement to have at least 300.

Yeah, gaming this would seem to be tough if not impossible. I was trying to rationalize the countless single share trades that took place over the last week or so and playing the "we will round up" makes as much sense as any theory.

The announcement also states:

Any fractional shares created as a result of the reverse stock split will be rounded up to the nearest whole share for each stockholder.

Still, turning 5 cents into 10 dollars is like spinning gold for penny stock players.

You can’t separate a stock position in an account into separate positions and I doubt Verb shareholders are sophisticated enough to take advantage of it, even in separate accounts…

If you have several retirement or regular accounts with different brokers you could buy one share in each account but are investors with, say, five different accounts at five different brokers desperate enough for $50-?

Well, maybe, since every dollar counts since most holders prior to the r/s will essentially get wiped out, very sad…

This board is good to ask, been playing this type of roundup for years…

https://investorshub.advfn.com/The-Golden-Lounge-94

Holy cow.

Things that make you go "hmmmm"

From the formal reverse split announcement:

No fractional shares will be issued in connection with the reverse stock split. Any fractional shares created as a result of the reverse stock split will be rounded up to the nearest whole share for each stockholder.

Could this explain the hundreds of thousands of individual trades of a single share?

Say someone buys a VERB share for the current share price of nickel. The RS would reduce that single share to 1/200th of a share. But the company stated that fractional shares would be rounded up. So now this holder gets a full/single share worth (200*.05) = $ 10.00. That's a damn good return turning 5 cents into ten dollars.

Is there a way to hold a bunch of "single share lots" in brokerage accounts such that each pre-RS 5 cent share magically becomes a post-RS $ 10 share? Is that what has been going on here?

I remember the claims of a “new” valuation on uplist and threat of “SEC investigation” of those saying that obviously wasn’t happening.

This is down 99.99%+ since then.

Rory lies awake each night thinking of those he financially ruined because they chose to believe his endless lies.

/s

Some of us remember susa (who should have known better) and others who trusted Rory's promise of blue skies just around the corner despite all the evidence that the company was an endless Dumpster fire.

How does he sleep at night?

After the prior reverse splits, this will certainly wipe out most of the common shareholders. Anyone who listened to Rory about eating ice cream and just hold and not to sell got wiped out…

This while threatening the skeptics with the “There’s a new sheriff in town”, implying threats of legal action…

Rory should be ashamed of himself but, of course, that’s wishful thinking, proven by the fact he continues to collect an exorbitant (imo) salary…

How does he sleep at night?

VERB Stockholders Vote To Reverse Split VERB Shares To Retain Nasdaq Listing

October 04, 2024 16:00 ET
| Source: Verb Technology Company, Inc.


Los Alamitos, Calif. and Las Vegas, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including MARKET.live, its livestream social shopping platform, today announced that its stockholders voted to authorize the Company’s Board of Directors to institute a 1-for-200 reverse stock split of its common stock shares and that the common stock shares will begin trading on a split-adjusted basis at the commencement of trading on October 9, 2024. The Company’s shares will continue to trade on the Nasdaq Capital Market under the same symbol "VERB" with a new CUSIP number, 92337U302.

As set forth in the current report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”), on September 26, 2024, the Company held an annual meeting of stockholders (the “Annual Meeting”) to vote on four Proposals, including Proposal number 2 which was to authorize the Board of Directors to effect a reverse stock split of the outstanding shares of common stock within one (1) year of September 26, 2024, at a specific ratio within a range of one-for-five (1-for-5) to a maximum of a one-for-two-hundred (1-for-200).

Present virtually at the Annual Meeting, or represented by valid proxy and entitled to vote as of the record date for the Annual Meeting, were a total of 61,709,221 shares of the Company’s common stock, out of a total of 145,597,352 shares of common stock issued and outstanding and entitled to vote.

A significant majority of stockholders voted in favor of authorizing the Company’s Board of Directors to institute a reverse stock split, as set forth in greater specificity in the Company’s September 27, 2024 Form 8-K.

Following the vote of stockholders at the Company's Annual Meeting, the Board of Directors approved a 1-for-200 reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.0001 per share. Every 200 shares of the Company's issued and outstanding common stock will automatically convert into one share of common stock without any change to the par value of $0.0001 per share. The amount of common stock outstanding will be reduced from approximately 152,645,986 shares to approximately 763,230 shares. Proportional adjustments will be made to the number of shares of common stock issuable upon exercise of the Company’s outstanding stock options and warrants, as well as the applicable exercise price.

The Company expects that the stockholder approved reverse stock split will increase the market price per share of the Company's common stock, bringing the Company into compliance with The Nasdaq Capital Market's $1.00 minimum bid price listing requirement.

Registered stockholders holding pre-split shares of the Company's common stock are not required to take any action to receive post-split shares. Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, and will not be required to take any action in connection with the reverse stock split.

No fractional shares will be issued in connection with the reverse stock split. Any fractional shares created as a result of the reverse stock split will be rounded up to the nearest whole share for each stockholder. The reverse stock split impacts all holders of VERB’s common stock proportionally and will not impact stockholders' percentage of ownership of common stock (except as to rounding-up changes).

Additional information regarding the reverse stock split is available on the Form 8-K filed September 27, 2024 as well as in the Company's definitive proxy statement (Form DEF 14A) filed with the SEC on August 16, 2024. Any additional questions can be directed to the Company's transfer agent, VStock Transfer, at (212) 826-8436 or www.vstocktransfer.com.

Click for full release: https://www.globenewswire.com/news-release/2024/10/04/2958492/0/en/VERB-Stockholders-Vote-To-Reverse-Split-VERB-Shares-To-Retain-Nasdaq-Listing.html

There was a much bigger pop about 10 days ago based on chit chat on StockTwits and perhaps other social media.

The fundamentals of the company have not changed. It's still a lemonade stand losing millions every quarter with no prospects for improvement.

The Market.live home page continues to list upcoming events that actually took place in August. And who picked the color pallette for the TikTok upcoming shows? White on light pink and white on light blue is not a good choice if you expect people to be able to read the text. It looks like teenagers are running the business while Rory sits back and collects his huge checks,

This is up? I know it’s small but this should be on a relentless nonstop downward trajectory.