Verb Technology Company Inc (VERB)

[jeremyblack]

Going to put my head out for a moment to provide some disclosure for some of the news guys and speculators looking for answers:

$2m Equity, available upon effectiveness of S1: Rory can use as needed, he can ask for $25,000 or $2m and sell stock at a 20% discount to the VWAP (Kodiak cost basis); access to this capital expires in two years. My guess is he uses to keep up with monthly burn ($100k) and retire all his third-party debt ($500k) until the stock is above .30 (my guess).

$1m Warrants: Kodiak can exercise at their leisure for five years anytime after April 2018; the more they exercise the more capital Rory receives.

$220k Note: non-convertible and due in April 2018.

Ideally, company is able to utilize their team and relationships to announce a revenue event triggering an uptick, clean balance sheet, set aside capital for burn, and the rest is history.

CONVENANT: I don't believe Kodiak can own more than 4.9% of FUSZ at any point in time; hypothetically, they get in at .30, exit at .40, and do it all over again.