Verb Technology Company Inc (VERB)

[tedpeele]

<<The reason for the bridge is that we’ve intentionally incurred and will incur additional costs, not planned for 8 months ago when we set our budgets, to enhance the team as well as begin other major initiatives that have been alluded to in recent public filings that are now happening.>>

This confirms what I was saying about operational costs not lasting as long as they had originally planned. How much of the $1.4m cash from June 30 is left and how much of this $1.5m is going to actually go toward operational costs? Noone here knows but the wording above does seem to imply that if none of it does then they will need more money for operations too. If some of it does then the loan has dual purposes. All may be forgotten or forgiven by some if they succeed in making it to Nasdaq, but IMO it is an issue to consider.