Venzee CEO Says His 5 Cent Stock Is A Giant Killer

TM editors' note: This article discusses at least one penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

One of my biggest lines in the junior stock market is—people are the most valuable commodity.

That could not be more true than with Venzee Technology—VENZ-TSXv—which trades as a meager 5-cent stock.

The new CEO, John Abrams, is not quite halfway through his turnaround of this fledgling technology company, which uses its proprietary AI software to automate product information flow between businesses. But I think he truly is on the cusp of success.

Venzee is a typical junior tech story. A creative founder didn’t have quite the right business model for a neat technology. Stock collapses to pennies within a year of IPO. Investors stunned and angry. A new CEO is found–one with BIG company experience that the Market will like. But not only do they have to turn the business around, they have to raise money to keep it all going until profitability.

I’ve seen it many, many times in my 30 years in the Markets. But I have not seen one turn around quite as quickly as Abrams is doing with Venzee.

Abrams has been a senior executive in more than US$6 billion worth of transactions, working with Tribune Company (what is now TRCO and TPCO), McDonalds Corp. (MCD) and Cardinal Health (CAH).

When Abrams saw what Venzee’s technology could do—automatically translate supplier product info into retailer language—he knew they were unique, disruptive, and they were giant killers. 

He came on as CEO and, in less than a year, has completely changed the company’s strategy, revitalized the board of directors with industry leaders from his network, and dramatically reduced costs in sales and tech support. The next quarter, he says, will show the type of revenue growth the market has been waiting for since going public in early 2018.

“We are the beginning of a foundational shift in how trade information across the retail sector is shared,” he said in an interview this week. 

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This article was written by Keith Schaefer, Editor/Publisher. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this ...

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