Not going to hit earnout. But paying them 11 mil any way. According to that idiot CFO they designed earnout to protect Veri shareholders. What a bunch of crap. Management has no problem lying and screwing their shareholders. We should contact SEC lawyers about this bullshit.
There has to be an advantageous reason for Veritone to pursue or agree to this amendment. I doubt it's because they feel sorry for the Pando sellers and want to give them $10M + because they are so nice. Veritone has a fiduciary responsibility to its shareholders. Also cash is precious. There has to be a good reason for this. I take this as possible good news.
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