Quote:At this rate, we may not even make it 10-days above $1. Rory really must have pissed someone off.
I would guess there would be a hostel takeover before then as the MC would be less than $1M. I know what it would cost to recreate what VERB has today and it's not $1M. You can also comp existing companies. If I was VERB, I'd be all over talking about the value of the company. Instead shareholders are treated to the silent campaign other than a few PRs, which would tank every pre-revenue company 100% of the times.
Quote:I think as shareholders, we would have been better off back on the OTC less 3 reverse splits.
I suggested that few times and got boo'd out of here. I don't get it. VERB thinks there is a LOT of value being on the NASDAQ vs the OTC. Granted they can see NOBO and OBO where I can't, but what actually is the percentage of institutional ownership.
Is it 50%? Then they have a case.
But if it's 5% it's not worth the torture and death by 1000 cuts.
One can look at the volume churning 40 times over and can know, institutions don't own 50%, but that is where I would be more transparent with shareholders and explain the logic rather than the basement treatment.
On the OTC you have total scam companies, with a parade of scam artist stock promoters that front load the stocks they are promoting, with a higher market cap. Every once in a while a few go to jail, but the vast majority get away with it. Those that do go to court, use the defense of...
A.) Everyone is doing it
if that doesn't work...
B.) If people are that stupid, they deserve to lose their money and most the the time, that plea works.
That actually is in court transcripts I've read.
To be fair...
+90% of companies will fail. So if you get in on all or any. You will be right 90% of the time to short. To me, that is fine as the rewards are much higher. Meaning if I bet on enough I will do well on the the < 10%. Little guy can't diversity like that, but even if they could, the dice or loaded the game is fixed.
Then you have the issue all startups need funding. I could right a season just on that. Startups would be better going to a Chumlee at the pawn shop for money than the money brokers. There are a few types. Those that provide money for shares and those that run book. Neither are good.
I do love how the US government touts they support small businesses. Heck, maybe VERB will even get a $50K tax DEDUCTION next year, but flip a coin.
But the US Government has done nothing to fix/change the rules so small companies don't get screwed 1M times over.
The main problem is...there is no one that is stopping this. When institutions 'get caught', it's like a slap on the wrist. We are going to fine you $10M while they make a half a billion.
Quote:Gordon Gekko: The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you.
So how do you fix it legally if those everyone elect won't?
6
