Replies to post #107224 on Verb Technology Company Inc (VERB)

[jobynimble]

a loan with no interest...only gets restricted shares if we don't repay

That’s not correct, read the bolded part...


On October 22, 2018, nFüsz, Inc., a Nevada corporation (“we,” “our,” or “us”), closed a bridge financing transaction (the “bridge transaction”) with an otherwise unaffiliated third-party entity (the “third party”). In the bridge transaction, the third party and we executed and delivered a Securities Purchase Agreement (the “SPA”). We also executed and delivered to the third party our 10% Original Issue Discount Promissory Note (the “Note”) in its favor. Further, in connection with the bridge transaction, we issued 1,450,000 restricted shares of our common stock (the “Commitment Stock”) to the third party and paid $94,500 in fees to our investment banker. The SPA and the Note are dated October 19, 2018.

https://www.sec.gov/Archives/edgar/data/1566610/000149315218014848/form8-k.htm