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Re: buysellrepeat post# 141926

Wednesday, 04/17/2019 8:48:16 PM

Wednesday, April 17, 2019 8:48:16 PM

Post# of 193129
Yup....so AGP owned the $20.5 million in stock (they had paid Verb $20.5 M for it already) and SC buys $4 million worth with the money they got from Verb.

How does that increase Verb’s cash position? All AGP did was sell $4 million in stock THEY OWNED. They already paid VERB the $20.5 million for the offering....so all it means is AGP has $16.5 million left to sell.

NONE of that money is going to Verb from AGP...as they already paid $20.5 million for the stock.

Verb’s cash position doesn’t change from $5.5 million one bit.

"Harsh reality is always better than false hope"

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