Verb Technology Company Inc (VERB)

[TenKay]

The way the offering will work is that AGP’s clients will decide what discount they want in order to move the stock into the market proper. Some of those buying may be retail clients of those brokers, but that demand will be driven largely by the market price at that time which is why those brokers will want a discount. Very few of those will be “holding”. Next, based on those commitments at a given discount, AGP will require an additional discount from nFusz for the share issuances to make their money and manage their risk for doing a firm fixed underwriting.

Whether that combined discount to market is 25% or 50% we don’t know until it is priced. But it is highly unlikely it will be less than that...and that is what will drive the market price down. If they price the discount right then market demand at the lower pricing level should be enough to move the stock with AGP and its clients making their cut.

But I still think doing this as a firm fixed will be a huge challenge given the amount of money being required. That is a lot of new stock to issue relative to the OS.

I still think it will have to switch to a registered direct offering to get that kind of money for the uplist.