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Re: Sixth Man post# 172295

Friday, 11/27/2020 12:16:29 PM

Friday, November 27, 2020 12:16:29 PM

Post# of 192323
It really comes down to one thing...at what point do the offerings have to be done below $1 in order to garner the interest necessary to get the necessary level of subscription?

When that happens (and it will) Rory will be forced into a reverse split...perhaps even by the underwriter to do the offering.

Each offering Verb has done has been at a lower and lower price. And when there are warrants attached the strike price has also been commensurately lower as well.

So the risk is...it becomes a viscous circle until they can become cashflow positive which there are no signs that is going to happen anytime soon.

"Harsh reality is always better than false hope"

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