I thought it was a good report. I learned a lot ab

I thought it was a good report. I learned a lot about the company I invested in.

"According to the World Federation of Direct Selling Associations, there are more than 118 million direct sales reps globally and at about $5 per month, we estimate a $7.1 billion market opportunity for VERB."

That is a huge market opportunity just in one vertical with little competition.

"expect the company will turn cash flow positive in 2H:20"
"expect the company to turn profitable on an adjusted EBITDA basis in 3Q:20"

That is nice to see

"We forecast 2019 revenue to be $12.4 million, however, if Sound Concepts would have contributed to revenue for all of 2019, we estimate adjusted revenue would be $16.4 million"
"We forecast revenue to be $28.5 million in 2020, which implies organic growth or about 75%."
"We estimate 2021 revenue to be $49.8 million, up about 75%, year over year"

Projecting revenue to increase 75% yoy. That will get some attention.

"We apply an EV/Sales multiple of 5x our 2020 revenue estimate of
$15.6 million"

Notice the multiplier was just on the digital part. The other part got a .5 multipler

"We project 819,000 users of its digital interactive video offering at the end of 2019"
"We expect the company will end 2020 with 1.2 million subscribers"

Means VERB breaks the million mark within the next year. Maybe sooner with the recently announced Customer Success initiative.

"Integration and installation of the Enterprise app is down to 45-60 days, from 90-120 days just six months ago, according to management"

Now with the core done, VERB can accelerate the launch of their clients. Means revenue comes in 50% sooner. 90-120 days pushed customers into Q2 which won't show up until Q3.