Verb Technology Company Inc (VERB)

[dukeb]

The company that financed VERB's receivables is likely asking for their money immediately...and good for them. Maybe there is a covenant in their contract that blocks the sale until the $ is repaid.

The plan is also to have the majority of VERB's employees become employees of SW Direct, the asset purchaser. SW will be very reliant on developers and support personnel to keep the CRM products humming. But will SW provide the same (likely outrageous) salary and benefit package that Rory dished out? Probably not, especially if SW wants to see the CRM products become a profitable enterprise. It wouldn't surprise me if VERB employees are balking and that could kill the deal.