Verb Technology Company Inc (VERB)

[TenKay]

Except here’s the twist...if they received and recorded the $4 million return as working capital then they only had $1.5 million to begin with from the offering. That $4 million would be subtracted from the $20.5 million since it was part of the offering “proceeds”. That means they still end up with $5.5 million ($1.5 million + $4 million)....and that drops to a little under $2 million when fees, commissions and discounts are removed and the convertible debt is paid.

When the financials get filed this will become clear.

You could also describe the transaction without the “return” of the $4 million to see what I mean and just deal with the $11 million and $4 million in stock directly.

If the overall amount of stock issued in the offering was $20.5 million and they sent $4 million worth of it to SC...then they had $16.5 million left to sell. From the $16.5 million they sent $11 million to SC.

That leaves $5.5 million as I showed above.

They can’t create another $4 million in cash out of thin air....and Rory is being remarkably deceptive using the “extra $4 million” number. Extra to what? He knows many are going to assume $5.5 million...but it’s not...in the transaction he defines the extra is now only on top of $1.5 million.