Replies to post #181625 on Verb Technology Company Inc (VERB)

[Mumbo Jumbo]

why convert preferred to common?

In accordance with Section 8(a) of the Certificate of Designation of Rights, Preferences, and Restrictions of Series A Convertible Preferred Stock (the “Certificate”) of Verb Technology Company, Inc., a Nevada corporation (the “Company”), the Company has elected to convert (the “Conversion”) all of the outstanding shares of the Company’s Series A Convertible Preferred Stock, par value $0.0001 per share (“Preferred Stock”) into shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”). The Company made the election following a determination that the closing price of the Common Stock met the requisite trading price threshold for at least twenty (20) trading days within a thirty (30) trading day period.

[trader59]

The conversion of those preferred A's...

There's about 1.8k shares of them, the 424B form said they were worth $1000 each or "stated value," conversion price was adjusted to $1.10, I'm figuring 1.6M shares...?

Is my math right on those or have I dropped a few zeroes?

[yerboss]

I think, if it is above expectations, that he wants to save it for Monday so that the crooked market makers don't have all weekend to collude with each other as to how they are going to manipulate the SP.

[communicate]

Giving an estimate before earnings is usually done to help mitigate the damage. Perhaps there is no damage to mitigate this time and earnings will be better than expected.