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Tuesday, August 24, 2021 8:05:46 PM
Sixth Man Saturday, 01/16/21 05:31:42 PM
Re: TenKay post# 173852 0
Post #
173860
of 182105
Since this is a “shelf” registration, they will only be allowed to offer securities if the non-affiliated public float is above $75 million. That equates to a stock price of about $1.85.
Below that they can’t use the S-3.
It now explains the push to get the stock price up.
Oh how convenient for Verb. They needed the stock to be above $1.85 so somehow magically it just got a bit over $1.85 before the document was filed.
So who pumped / manipulated, etc. the share price of Verb to ensure it got over that dollar figure?
All material posted by Mumbo Jumbo is for informational and entertainment purposes and should not be construed as a recommendation to buy or sell securities.
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