Yes the blooming PR uses the word immediately, in transaction language, this placed 4 million dollars back immediately in the pockets of VERB. Plain English, no games. Still, if it was so misunderstood, I suppose it could have been written better.
Let’s go through this step by step and it becomes obvious where the disconnect is:
Step 1: Verb sells $20.5 million in stock to AGP. The entire offering. VERB is +$20.5 million AGP is -$20.5 million
Step 2: Verb buys SC for $15 million cash. VERB is now +$5.5 million cash from offering SC is +15 million AGP still -$20.5 million
Step 3: SC buys units from offering for $4 million using cash from Verb.
Here’s the problem...bought from who??? AGP or VERB? Even though they appear to infer it comes from the company AGP BOUGHT ALL THE OFFERRING STOCK. It’s was already issued by Verb at the closing for $20.5 million. AGP owns it. So if SC bought the offering stock from AGP then they paid AGP the $4 million...so this is how the balance works
VERB still +$5.5 million SC is now +$11 million AGP is now -$16.5 million.
Cash position of VERB doesn’t change.
If the stock was bought from the company then that means only $16.5 million was placed with AGP....so VERB received $16.5 million from AGP...sent $15 million to SC (so are only up $1.5 million now) and got $4 million back....which means they are still only $5.5 million in cash on hand.
Market Data 
Markets 
AI
