Verb Technology Company Inc (VERB)

[Cynomus]

I don't believe that is correct. I understand he put in 2.8M to start the company, but if he now owns 3.8M ish shares his pps is much less than the current price, roughly $0.74. I do think he ran out of money he personally had or was willing to invest, hence the expensive bridge loan. The cost of developing and marketing CRM interactive video turned out to be far more costly than he estimated going into it. Further the drastic hit to the pps to get uplisted, means he took out a VERY deep loan from his longs, one they will never be able to maximize the investment in, because he handed that opportunity to AGP and their investors at the expense of longs that paid as much as a pro-rated amount of abt $45 pps.

I highly suspect he was between a rock and a hard place. Either close up due to running out of operational funds, or take out a deep loan from his longs. You know he must have had a tough meeting with his employees, who all hold stock too, and braced them that even though they saw highs only a month ago of $18, to expect it to fall to $2-$3 for a while. He must have been convincing for them not to abandon ship while they worked through and tried to make the company a noteworthy player in the CRM industry. He must not have felt great, having that company meeting.

I'm not pumping nor bashing, just calling it as I perceive it. All my opinion.