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Posted On: 01/07/2023 12:07:56 PM
Post# of 32688
$VERB Timing
The same shareholder that shared the list of non traditional ways to get funding/resources also mentioned...
Verb wasn't looking for strategic opportunities. These came to Verb
From a positioning and leverage standpoint, that is an important point. Now when did they come to Verb?
Before or after the $4.0 Million raise on Oct. 26, 2022?
Before or after the $5.0 Million loan on Nov. 10, 2022?
On Nov. 14, 2022 Verb said they recently selected and engaged Alantra
That was after a month long process to fine the strategic advisory firm which would put this before the $4M raise. So maybe early or mid October they started the selection process?
Now add the time for the strategic opportunities to present themselves which would add a month or two. That leads me to believe these strategic opportunities presented themselves September? Am I getting warm?
September was before Verb was looking for funding or in parallel.
Market went LIVE the end of July. About a month later, multiple parties wanted in on the action? I can see why. It works great. There is nothing else in its class. Other giants like TikTok and Facebook tried to do something similar, but failed.
1, 2, 3, 4
We might have had a bidding war
I remember Rory saying to me a while back. A lot of companies want to give VERB money. No shortage of that. They just want to much in return.
The script has flipped.
Leverage, it's a wonderful thing
Things that make you go Hmmmm....
The dough on Nov. 10, 2022 was a loan, not a dilutive raise.
Why?
What was known in November?
The same shareholder that shared the list of non traditional ways to get funding/resources also mentioned...
Verb wasn't looking for strategic opportunities. These came to Verb
Quote:
In addition, during this time, we had some strategic opportunities present themselves that I and our Board thought were sufficiently interesting that we ran a months’ long process to select a strategic advisory firm to assist us in evaluating them. After a fair amount of mutual due diligence and following presentations to our Board, we recently selected and engaged Alantra, a prominent international M&A and strategic advisory firm to work with us on these opportunities.
From a positioning and leverage standpoint, that is an important point. Now when did they come to Verb?
Before or after the $4.0 Million raise on Oct. 26, 2022?
Before or after the $5.0 Million loan on Nov. 10, 2022?
On Nov. 14, 2022 Verb said they recently selected and engaged Alantra
That was after a month long process to fine the strategic advisory firm which would put this before the $4M raise. So maybe early or mid October they started the selection process?
Now add the time for the strategic opportunities to present themselves which would add a month or two. That leads me to believe these strategic opportunities presented themselves September? Am I getting warm?
September was before Verb was looking for funding or in parallel.
Market went LIVE the end of July. About a month later, multiple parties wanted in on the action? I can see why. It works great. There is nothing else in its class. Other giants like TikTok and Facebook tried to do something similar, but failed.
1, 2, 3, 4
We might have had a bidding war
I remember Rory saying to me a while back. A lot of companies want to give VERB money. No shortage of that. They just want to much in return.
The script has flipped.
Leverage, it's a wonderful thing
Things that make you go Hmmmm....
The dough on Nov. 10, 2022 was a loan, not a dilutive raise.
Why?
What was known in November?
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