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Of course you are correct.
AGP does not have unlimited shares to short....it just seems that way in relation to the current trading volume.
Sorry but it is likely that I'm right.
Wasn't a problem for shareholders when we thought that the offering price was going to be $13. In that scenario AGP would have allowed the price to increase to $15-18 before shorting....as an example.
End of my participation in this so called BS.
Remember any that thought that the offering price would be less than $4...well I would have thought that that was BS too. Until I knew better.
Remember that AGP has essentially unlimited shares to short which can be covered at the offering price. This is a bonus for AGP and it keeps the price low for investor clients that wanted more shares than the offering could provide.
So for those watching the tick for tick drama it is meaningless until after the uplist when AGP eventually will have no more shares to short with a guaranteed profit.
AGP shorting
Will cover with over allotment shares. Unfortunately won't be chasing but will be making good money.
My interpretation for what it is worth.
Looking for a silver lining???
Yes I know that you are...and me too.
After the selloff at hand the share price direction should be up, unimpeded, for a long time. Financials, investor interest and partnerships and contracts should. all be positive.
Biggest culprit on the downside today is likely to be AGP.
They can short freely knowing that they can cover much lower... and thus make good money.
Longs can just hold your noses and let AGP flood the market short term and let market forces slowly correct the situation. Perhaps the Tier 1 accounts or others not allocated shares will buy to somewhat support the stock but AGP is in a risk free position as they have access to units at the PO price.
Great buying opportunity for those that believe in the future VERB prospects.
Perfectly reasonable assessment.
And agreeing to present to a 60th investor well after the roadshow was supposedly completed.
One benefit of ignorance is that the possibilities are unlimited.
Read a primer on call options, especially long term call options (LEAPS) to understand VERB five year warrants.
Your example of being able to buy the warrants for $0.80 when the stock is priced at $17 would only be accurate the day before the warrants expired....in 5 years. It ignores time value.
Wouldn't shock me to initially see the warrants priced at $4 if VERB stock closes at $12. At this point the warrant's value is determined by time to expiry and implied volatility.
And of course all of the above will need to be divided by two as a warrant will only buy half a share.
Also warrants appeal primarily to traders as they are more leveraged....more bang for the buck in both directions.
Yes agree.....
Can we please get back to talking about the urgency and/or immediacy of forward splits.
5:1 at a minimum. Perhaps before Thanksgiving or at the latest April 1, 2020.
Consider this about lockup v no lockup
Institutional investors would not buy shares with a 180 day lockup in a very speculative company without a very very deep discount to current market price. Even with no lockup it is likely that they will negotiate a discount. Remember that AGP wants the price set so that new buyers are likely to experience an immediate pop. And be able to sell if they choose to...and some will. Just as others will buy if they feel their allocation was insufficient.
And completely meaningless.
What matters is perceived business prospects and real contracts backed up by subscribers and revenues.
FS chatter and automated interpretations of technicals are like most message board mental machinations at best meaningless and at worst sadly misleading.
That may be "doable" but smart corporate leadership like Rory will be more in tune with big money interests once VERB becomes Big Money.
Do you think that Warren Buffet et al find more legitimacy/curb appeal in a $90 stock or a $9 stock.
Do you want to be seen at the Subaru dealership or the Porsche dealership.
Rory and the BOD will make the correct choice.
Remember that we want (wanted?) to get as far away from the "pennies" as possible.
No, I have a splitting headache.
There is no way in this galaxy that this $12 stock will split. Two $6 shares....keep splitting we will qualify for the OTC pinks again.
Maybe a split between $50-100 if we ever get there. Talk about it then (although it will still be meaningless and oh so boring).
Please, my splitting headache.
You didn't address your question to me but....
AGP wants the price down so when the "Tier 1" investors wire their checks they are almost guaranteed to get a good pop and revel in their good fortune and wise investment.
Now Rory's #1 goal is to get this fund raising behind him and get back to work. So if the price is $9-13 who cares as VERB expects to become a multibillion dollar company and long term holders will be generously compensated. And frankly the lower the price the more shares that SC principals receive...not all bad.
So one day/week/month holders are squeamish and long term holders like me view this as one little uncertainty that will pass.....along the way to much GREENER pastures.
A breathtaking glimpse of the future with VERB/tagg
at the center. The tip of the iceberg for education and well done.
Thanks for sharing.
Nearly 60 institutional presentations
Whether or not each and every one subscribes to this offering VERB will be on lots of radar screens which bodes well for futures stock price support. After these meetings investors have a good sense of management and business plan and I suspect would be more likely to invest now and later when revenues show growth.
I'll watch and listen agog and gobsmacked to the plethora of non sequiturs.
And I'll thanks ya later.
They are not factored in...really.
You really believe tier one investors are overlooking acquisition revenue and uplist.
They are putting up money to buyout SC and uplist.
Sounds counterintuitive to me.
Not sure that you are right about all the shares of the offering being restricted from trading.
If I recall correctly only the shares going to SC principals will be restricted.
Someone correct me if I'm mistaken.
Good post.
I agree completely.
Great drug high for many. Trust that they all have an antidote for temporary derailments/disillusionments.
There will be plenty of shorts and those that don't drink the Cool-Aid on NASDAQ.
Facebook's plan to dominate
The good,THE BAD, THE UGLY of VERB's friend
Warning: Article may be too long for many's attention span
https://www.theguardian.com/commentisfree/2019/mar/07/facebook-privacy-domination?utm_term=RWRpdG9yaWFsX0d1YXJkaWFuVG9kYXlVUy0xOTAzMDg%3D&utm_source=esp&utm_medium=Email&utm_campaign=GuardianTodayUS&CMP=GTUS_email
Shazaaam....you caught me
Fibbin' again. My Mom in a state of chagrin. (I live in the basement).
Exaggggerated by about 50
Shares.
Two more days of flagellation....at a minimum
OK.........we are on the same page now.
Not me.
Unless AGP feels that there is such demand that they can lighten up a bit and let the price rise a dollar or so.
My point was that the separate warrants that are part of this offering will trade like an option.
VERBW
I have bought bought bought.
My wife is not a stock savant so our 36k shares at this moment is fixed in stone.
Realistically I do not expect tears.
Agree. Have to factor in the warrants but they will be listed and traded separately.
Actually will be informative to see how the warrant pricing is handled. They are in effect a long term option that is out of the money.
SC principals get stock...do they get options too? Could look it up but someone more savvy can tell us all.
Price it at $1B...of course not.
That would be 5x our present cap. I'm expecting pricing of $14-15. (Not $70-75...that's nuts).
What is most important is what happens in the aftermarket. If it goes up 20% I'd call that a great start.
Then let the word spread, the contracts be announced and the revenue ramp up.
On the other hand if it goes straight to $30 I'll find a way to rationalize it.
Crystal balls are notoriously unreliable.
But like variable interval reinforcement they (the crystal balls) get the subjects salivating with anticipation.
My sense: Trust tarot cards more
The underwriter of VERB's offering.
Why AGP is keeping the price down (by naked shorting).
VERB and SC happy with $15. Remember this started at $7.65
Oversubscribed...maybe big time. AGP's clients happy to get in at $15 and will buy more in the open market...maybe way more and price ramps up.
AGP exercises over allotment at $15. Covers....then sells the rest much higher and pockets the excess.
All in all a good offering and everybody is happy.
Want cheap shares I'd recommend buy today and maybe tomorrow.
All IMO
I actually agree with that.
However because my wife has one pimple on her cheek does that mean she is an ugly woman?
Sales Force (no pun)
VERB will soon have 80 new employees when SC deal is finalized. Some, no doubt, will be reassigned to VERB specific tasks.
From the action the past few days they want the offering between $15-16.
Not that I care one way or the other. It is my firm belief that this could be a $10B company.
Sounds like a reliable source.
So tell us what day do we uplist.
Just on the outside chance that you have the dates wrong whom can I blame?
In other word do you have a source??
Thanks
Noted: Toxic funding billboard removed
Scoundrels in full retreat. Party must be over.
The market makers will control the price until the initial fervor ebbs. That is their challenge and remember the whole investing world does not know one single thing about FUSZ/FUSZD/VRRB/
VERB.
If they did the share price would be much higher...Right??
However as the world learns and revenues generated there will be upward pressure on the price.
Potentially adding fuel to the fire will be the ability to margin the stock when the uplist occurs. I plan to increase my position 10-20% with margin debt. Some will do more. Some will even find a way to lose money by over margining as this will likely be a very VERY volatile security.
Silents then talkies.
Black and white then color
Carbon paper then Xerox
Land lines then cell towers
Passive video then INTERACTIVE VIDEO