Verb Technology Company Inc (VERB) News

I wasn't able to check in on the Ali stream at 3pm, but I can tell you that Doll10 was a no-show at 4pm.

Totally agree with you on all.

Now appearing on Market.live TikTok channel.

They obviously turned off the feature that shows how many people are watching. And look at the bots along the right margin. I've seen the bots say BUY THIS NOW! from dozens of phony accounts. More sadness.

I've resisted the scam label for a long time, but developments over the last few years are causing me to re-evaluate.

I think that Rory was putting in a decent effort to pursue the CRM with video path. In retrospect that was ill conceived and poorly executed and you can't justify Rory's penchant for hyperbole bordering on outright lying and his profligate spending on a stylish office space that never should have existed.

He overpaid for acquisitions and proceeded to destroy the products he purchased in order to feed his own ego. Then he sloughed off that business for a small fraction of what was invested in them.

But onward we go to Market.live - the future of on-line shopping. Despite Rory's promises and prognostications, the platform never got off the ground. Your position is that the tech is amateur at best and I'm not in a position to comment. What is clear is that there was never a serious marketing effort to make people aware that Market.live existed. Early streamers saw 20 people or so watching with almost no one opening up their wallets to make a purchase. Many of the products were available cheaper directly from the vendor's own web site or on platform such as Amazon. What value add was there for Market? NONE.

When it became clear that streaming on Market.live was a waste of time, almost everyone abandoned the platform which translates into even few people watching. Rory's next move was to bring in a parade of clowns including the two idiots with their DJ, Crackhead Mike Lindell and has been Frankie Avalon pushing his magic potions.

Market quickly became a cesspool of sadness.

Now cometh the pivot to TikTok. But it's not even clear what the business model is. They say they are charging fees to advise influencers on how to use TikTok to generate product interest and sales commissions. But what makes the slacker Verb employees qualified to advise others on how to be successful?

If you've watched any of the TikTok streams put on by Market they are a sh*tshow. Two (or three if you include Drew Dorsey who lost any remaining ounce of self respect she once had) twenty-somethings pushing dollar store crap and begging people to buy the last $1 plastic purse "so we can go home early."

They are also supposedly renting out studio space but I don't think they've brought in a nickel doing that.

More failure and more sadness.

Meanwhile, Rory has decamped to Las Vegas. Still presumably collecting his six figure salary.

VERB. NASDAQ listed. The shame of it all.

Final edit: One of the few remaining streamers on Market.live has been Margot from Elizabeth Grant Skin Care. Margot's farewell stream was scheduled for 2pm eastern time today. It is now 2:10pm and apparently Margot is a no-show. Will Ali show up for her 3pm and will Doll10 show up for their 4pm? LOL.

It's a scam. Has been for years.

Nothing is happening. It's a scam. Has been for years. Rory Cutaia will be on American Greed.

Seriously...what is happening with Verb/Market and its supposed efforts to become a tour de force on TikTok?

Market.live appears abandoned. There are 3 livestreams today (perhaps the presenters will show up, perhaps not). The schedule then shows Ali doing a show next Wednesday and a show the Wednesday after that. Nothing else on the schedule. Put a fork in it.

So the latest Rory pivot is to TikTok. Go to Market's page on TikTok and you'l lsee a link to: https://shop.market.live/

Scroll down and look at the "UP COMING (sic) LIVESTREAMS & EVENTS"

My calendar says that today is July 3. According to Market, UP COMING (sic) runs from June 17 through June 21. Are they that incompetent and lazy? Apparently so.

Put this thing back on the OTC and we will get it back up (we did get it to over $18!).

Could be, but Rory is the kind of guy who could sell snow to (stupid) Eskimos. He can be very convincing.

Guys like Rory thing they are smarter than everyone else. "Build it and they will come."

What Rory lacks, IMO, is the understanding of the need to market these platforms. Could a really good CMO and a big promotions budget be enough to gain traction in both the CRM and on-line selling arenas? Who knows.

In the end, he is a failed businessman no matter how many times he pivots...spending millions of investor money every step of the way...including putting millions into his own pocket.

The BOD should have fired him long ago.

Go to the OTC Finanicals and note the many (4 years) of: Sales, General and Admin $90m vs the Gross Profits Ratio $11m and it is obvious there was never any intent to succeed, thus no "failure" rory was just pissing on the SS into massive dilution... a share selling scheme.

https://www.otcmarkets.com/stock/VERB/financials

Be sure to check out the livestream schedule on Market.live

They only stream on Wednesdays and there are just 3 sellers who bother to do so. Three streams this week. Three streams next week and then only one on the schedule for each of the following two weeks.

Rory promised "scores" of livestreams going on simultaneously. That would suggest at least 40...hundreds a day and thousands each month.

As it stands the "run rate" is about 10 per month.

What does Rory have to say about this colossal failure?

The idiotic statement is believing failed investments are due to posters on a message board. This was called in advance .

Why is it that every OTC type stock careening toward all time lows has posters that reference “paid bashers”, which course there are negative posters on a stock that is failing as failing is negative, and no one has ever been able to confirm any organization that pays said bashers?

I'm still here baby

And never leaving

The righteous will prevail

If stock bashing was his day job (as everyone knows that’s only made up by people who lost out and don’t want to blame it on themselves) he would have just earned a gold star with that hard roast.

What an idiotic statement. I guess that's why you're stuck on a board with no financial interest in the company.

If stock bashing was his day job (as everyone knows that’s only made up by people who lost out and don’t want to blame it on themselves) he would have just earned a gold star with that hard roast.

Hilarious, but incomplete.

In needs an epilogue where Chucky's scheme is exposed and we find out that he spent all investor money on exotic trips, cars and bling. Chucky goes to prison, gets released after 25 years and, after his release, he contacts his first round victims asking them to give him more money because this time he has a way to provide guaranteed 40% annual returns with no risk!

And then JR30 a) sends Chuck more money and b) launches barbs at people who call Chucky out for being a scammer.

No offense, Chucky.

Hahahahaha

That’s hilarious.

Really great and informed and articulate commentary on how this has no endgame and also a good hard roast.

Saw every Profit show, very good…

I saw that comment and thought....well...JR30 works for a company that does dumb stuff and hires dumb people.

Have you ever watched the CNBC show "The Profit" ? There are no new episodes but checking out the prior seasons is worthwhile. Marcus Lemonis, who owns the Camping World retail chain, goes into small businesses that are failing. He does a quick look see to determine if it's something that he thinks he can fix. He then makes an offer to become a partner. If his offer is accepted one of the first things he does is look for stale inventory that isn't selling. He sets up a firesale of sorts, sometimes pricing things at 10 cents on the dollar.

This does two things:

1) It converts stuff that isn't selling into working capital
2) It frees up storage space allowing the company to either reduce its real estate footprint or free up space that can be used more productively.

To his credit, Rory is fairly quick to abandon his bad ideas. He blows through tens of millions of investors' money each time and he never accepts responsibility for his failures, but he does pivot regularly.

Go back and look at David Meltzer's videos where he gushes over Rory as a visionary who is going to change the trajectory of on-line shopping with Market.live.

Looks like Market.live is dead...and Rory has moved on to TikTok.

The company I work for has been storing thousands of customized T-shirts due to having to buy the required minimum, which was way higher than what was actually sold over the past 5 years.

Oh, I see now where your frustration comes from, ordering too many t-shirts that you have/ had trouble selling…

I feel sad for you…

It’s got to be frustrating for you to be wrong so many times over the years about Verb but resorting to name calling won’t solve your problems…

I mean, seriously, why aren’t you holding Rory and the BOD accountable instead of blaming skeptics? You’re learning bad habits from the CEO calling disgruntled shareholders bedwetters and making empty threats about a new sheriff being in town…

How childish for a CEO of a public company to resort to name calling, is that who taught you that?

VERB's announcement about an integration is like very other integration that they've made before going back to the CRM days.

Salesforce
Microsoft
Marketo
Oracle

They were all failures and they were all meaningless. This will be no different.

And it looks like the market.live site is about to be shut down. 8 streams over the next 4 weeks.

Another Rory failure.

You break even at what stock price? IIRC it's around $ 1,800 a share. Keep pumping.

Companies like Rage have been doing this for years

Not quite...


Rage

"Virtually No Minimums
You can order a single customized item for most of the products we offer. For the ones we don’t, we have the lowest possible minimums."

Notice they still have minimum quantities on some products, which creates potential odd-lot inventory costs, breakage, and other inventory management expenses. VERB is the only one that has integration with TikTok Shop, empowering TikTok Shop creators and brands to offer custom merchandise directly through their TikTok shop, utilizing their TikTok Shop handle, without the burden of inventory management costs. Looks like several here are still on the crack pipe. Btw, you can now get your pipe customized through TikTok Shop.

He's been part of the scam for years. Nothing but a bully.

This was a problem that has already been solved at the e-commerce level.

I’m not asking anyone with a hat or T-shirt shop as they are in an antiquated business.

I seriously can’t believe you’re down 99.99% and hurling insults.

Companies like Rage have been doing this for years: https://www.ragecustom.com/

So, today’s news says printed items such t-shirts and hats don’t need to be produced beforehand and stored in inventory, any seller can print them on demand from online orders…


And who is going to buy David Meltzer merchandise? On the narcissism scale, DM makes RC look like a piker.

Delusion to go alongside the dilution.

Verb has been a crappy investment from the get-go, meaning buyers who never sold on the volatile runs. The only ones who’ve made money were traders smart enough to trade it, not buy and hold…

Please explain why no 8-K filing if today’s news is so significant…

The market has responded, look at VERB’s stock price…

Put the shovel down…


Know what you're talking about first.

Put the crack pipe down...

"This can be a game changer"

Stop it bro. The scam is over. The hustle is dead.

Rory is done.

Btw, how are MLB ticket sales going, or is that another failed venture? Crickets again…

The market has responded, look at VERB’s stock price…

Put the shovel down…

So people selling hats and t-shirts online can’t have their own printing hardware to print t-shirts and hats from online orders on demand?

Please explain how selling printed hats, t-shirts and other printed items on demand is groundbreaking technology…

Are you serious? Like I said before, if you have never dealt with these types of issues in a business, then I understand why you don't get it. It's not up to me to educate you on this. At least do some research if you are unfamiliar with odd-lot inventory costs, breakage, and other inventory management expenses. Go to any big hat and t-shirt shop and ask them what their costs are relating to this, and why odd-lot inventory is a pain in the butt to deal with. You might be surprised...

Please explain how selling printed hats, t-shirts and other printed items on demand is groundbreaking technology…

So people selling hats and t-shirts online can’t have their own printing hardware to print t-shirts and hats from online orders on demand? Are you serious?

So, today’s news says printed items such t-shirts and hats don’t need to be produced beforehand and stored in inventory, any seller can print them on demand from online orders…

Yes, groundbreaking technology, indeed, lol…

Rory sure knows how to spruce up news with fancy words, what am I missing?

This will eliminate odd-lot inventory costs, breakage, and other inventory management expenses. This can be a game changer when trying to compete with other businesses that can't eliminate these types of expenses. If you have never dealt with these types of issues in a business, then I understand why you don't get it, but hey, you don't really understand the stock market either.

The True Costs and Hidden Expenses of Bad Inventory Management

INVENTORY COSTS

So, today’s news says printed items such t-shirts and hats don’t need to be produced beforehand and stored in inventory, any seller can print them on demand from online orders…

Yes, groundbreaking technology, indeed, lol…

Rory sure knows how to spruce up news with fancy words, what am I missing?

VERB.............................................................https://stockcharts.com/h-sc/ui?s=VERB&p=W&b=5&g=0&id=p86431144783

https://www.globenewswire.com/en/news-release/2024/06/20/2901686/0/en/VERB-s-MARKET-live-Unveils-Major-TikTok-Shop-Technology-Expansion.html

Yet a 12M market cap.

Is Market.live circling the drain? Here's the posted schedule of streams for the next 4 weeks. 3 sellers, 8 streams. An average of 2 per week. This falls short of Rory's statement that there would be "scores" of streams running simultaneously...hundreds each week.

Drew Dorsey is no longer on the schedule. I'm assuming she was being paid for her appearances. Perhaps that contract is up and she has moved on to something more lucrative...like waitressing.

It's because there is zero point in streaming on market. There is no value there whatsoever. JR30 knows that deep down.

Rory LOL

Looks like Market's newest addition to the livestream schedule has dropped out. Scott's protein balls had been listed for a livestream once a week for the next several weeks. IIRC they were supposed to livestream today.

Well, Scott is no longer on the schedule. He probably sold nothing on his prior streams so why bother. He follows other prolific livestream sellers such as Tiffany and Sergio, the crazy jewelry lady, the cooking guy who always had a problem during his streams, the people who made cocktails and many others. I don't count Frankie Avalon or Crackhead Mike Lindell since they were just flashes in the pan.

Rory promised hundreds of livestreams a week "Scores going on simultaneously."

We're back to Drew Dorsey, Margot, Ali and Doll10. 4 streams for the entire week.

Pathetic.

Chickens come home to roost.

They always do.

Rory Cutaia will be no different.

He'll get his comeuppance soon enough.

What makes you think that? Rory seems to have the full backing of the BOD. They gave him a new multi-year contract recently.

As long as everyone (BOD and Rory, specifically) has their payday they will keep the business alive, shifting from one bad idea to another bad idea.

His scam is coming to an end soon.

Who is "they" other than Rory? The company has been his alter ego, although I predicted more than a year ago that he would disassociate himself with anything that was VERB. He is very good about blaming others for the failures of his visions.

A bit earlier I was reading the transcript of the 2022 first quarter earnings call. Rory was talking up Market and how great things were going. Looking back nearly everything that he said wasn't true

"Fake it 'til you make it" seems to be his ethos.

They are honestly trying to find a model that can get some traction.

It's obvious Rory was just trying to sell this and get out quick. The problem is the tech itself is terrible. Anyone does and dd on it at all can see that from miles away. It's not even bad tech. It's worse than bad. It's like the equivalent of trying today to use a typewriter vs regular computers.

His scam is coming to an end soon.

They are honestly trying to find a model that can get some traction. As I’ve said here a few times, they are out of the airplane trying to find a parachute.

At this point I'm puzzled by the business model. Is VERB in the business of coaching TikTok Shop sellers with valuable advice such as this:
https://www.tiktok.com/@market.live_official/video/7380520233347403050

How does VERB make money on that?

Is VERB in the business of buying crap on TEMU (such as the $1 plastic purses) and selling them, packaging them and mailing them out?

Remember how Rory divested the part of Sound Concepts because Rory said that the future was everything digital and handling physical stuff was a low margin business that was not worthy?

And why is VERB (or Market) not listed as a TikTok Shop Partner here? https://partners.tiktok.com/directory/pc/en?rid=rw1sp9zwsw

There are dozens of partners listed, but no VERB and no MARKET. Seems very odd.

The company appears to be a jumble of disorganized and disconnected nonsense. With a $13 million market cap.

You are totally right this always has periodic pops, but they always deflate back due to the fundamentals. Before it would deflate back to 1M market cap, and now it’s at a ludicrous 13M. After this RS’s, it will be attacked and should find its way back to that range.