https://www.youtube.com/watch?v=rkl39ppvTGg&t=83s
This is mainly a post for people who watch YouTube for financial analysis. I don't care if you own $VERY. I think it's a pure gamble and if you're okay with that then it's not for me to say what you should/shouldn't do with your money.
First, for those watch YouTube videos for analysis, please watch the first 2 minutes of this video and read the email Sven (the YouTube creator) received.
TLDR for those who don't have 2 minutes:
A organization contacted Sven saying that broker deals with YouTubers and public companies who are looking to get "marketing" for their "business model." Then they listed a bunch of YouTubers and publicly traded companies they have worked with/promoted. Their goal is to get the YouTuber to interview with the CEO or get a "vlog like video" made about the company or a combination of both.
I looked through a bunch of videos where the YouTuber is interviewing the CEO of a micro companies. Some don't provide any discourses, some provide a generic bullshit discourses that doesn't specify that they have received financial benefit(s) to cover that specific company. I guess this is a matter for the regulators to figure out, but a lot of shady things are happening in the backgrounds. Companies have realized they can pay YouTubers get a direct pipeline to retail invertors and create "awareness" about their low volume, low market cap companies. If I were you I would be very hesitant in taking anyone on YouTube seriously. Especially the ones listed in the email.
Secondly, to the holders of $VERY. Please watch the video. If you are really bullish on the company, then the way Management is diluting your ownership of the company shouldn't be that concerning. Plus its always good to have different points of view on companies we own.
Although most people are not going to heed this warning. There has never been another time in history where so much information was available to us. It has become increasing harder to sift through all the garbage to find actual analysis.
Good luck to everybody.
Disclosure:
I didn't make this video, I don't know Sven, and I don't have a position in the company nor am I going to open one. I just found a few interesting pieces of information I thought I would share.
Submitted October 31, 2020 at 08:50PM by Dr_Sargunz https://ift.tt/34JEbx7
