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tedpeele

04/17/19 5:03 PM

#141888 RE: Ziptrader0 #141886

Zip, the ENTIRE $20.5 (less some fees) went to VERB - including the $15m which included the $4m. But $24.5m did NOT go to VERB from what I understand.

I think you misunderstood what the broker was saying, or he did not understand what you were actually asking.
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TenKay

04/17/19 6:10 PM

#141906 RE: Ziptrader0 #141886

That $4 million is part of the $20 million. It’s a word/Shell game. VERB doesn’t have an extra $4 million if the stock came from the offering and is free trading. If VERB had sold an EXTRA $4 million in stock then they would have an extra $4 million....and SC would have an additional $4 million in restricted stock beyond the $10 million they got already.

These guys are walking a very fine line in how this is being represented.