Replies to post #23603 on Verb Technology Company Inc (VERB)

[Stockseekr]

If vendors are selling how many shares are they receiving weekly/monthly?

I remember Rory stating they are given a percentage of shares over a 3 month period so they can't hurt the share price.

When we say vendors does that include programmer's and consultants? Last time I heard we had 19 of them. How many shares does it take to pay 19 people on a weekly or monthly basis?

[HighPeaks]

I agree with you. If I had to guess, the selling is most likely contributed to vendors. Here is the amount they have received as of September:

“For the nine months ended September 30, 2017, the Company approved and granted 4,400,000 non-qualified stock options to consultants with an aggregate fair value of $969,481. Each exercisable into one share of our common stock. A total of 4,000,000 options vest based on consultant achieving quantifiable milestones while the remaining 400,000, options vest over 3 years. As of September 30, 2017, the Company determined that the probability of the consultants achieving these milestones was probable. As a result, the Company recorded compensation expense of $57,087 to account the estimated 880,924 options that vest.

The Company also recognized $221,335 in share-based compensation expense for the nine months ended September 30, 2017 based upon the vesting of these options. As of September 30, 2017, total unrecognized stock-based compensation expense was approximately $961,000, which is expected to be recognized as an operating expense through August 2020.

My guess is PUMA(who shows up every few months) is selling 1-2 Million shares on each batch they receive throughout the year.

[PennyStalker]

If Rory is discontinuing the SHAC video updates, then he needs to come out and say it.

Because right now, it’s starting to feel like we are just being ignored and that Rory is purposefully avoiding us for some reason.

I’ve said this before and I’ll say it again. It’s all about managing expectations!