As per today’s 8k: “On July 24, 2020, the Pub
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Posted On: 07/24/2020 7:22:46 PM
As per today’s 8k:
“On July 24, 2020, the Public Offering closed...”
Not often I am even remotely right. Let’s see if lightning can strike me twice.
The best things about this offering are:
- Verb is now flush with cash that should last for a bit
- Not only did Verb get the full amount they were looking for, they got more as the underwriter over allotment was purchased immediately.
The above two statements speak volumes. Yes, a good chunk of the company was sold today at a price lower than any of us wanted. But in my eyes it validates Verb as a company, its products, and the future demand of these products in the eyes of independent professionals. Since there were no warrants involved, the games we see should be much less, and the only way the folks who bought into the offering will make money is appreciation on the same class of shares we all hold. Same as management.
True, they could have only gotten in the offering to stay in the good graces of the underwriter, and perhaps many will immediately sell. But I don’t think so. Something is different about this one. Only time will tell.
My prediction now is that we resume more normal trading, perhaps with more elevated volume than before the offering started, but not as much as recent days. Additionally, I predict we see a true Verb Live launch early this coming week. One that we will not be able to miss and one that won’t leave us asking if Verb Live launched.
“On July 24, 2020, the Public Offering closed...”
Not often I am even remotely right. Let’s see if lightning can strike me twice.
The best things about this offering are:
- Verb is now flush with cash that should last for a bit
- Not only did Verb get the full amount they were looking for, they got more as the underwriter over allotment was purchased immediately.
The above two statements speak volumes. Yes, a good chunk of the company was sold today at a price lower than any of us wanted. But in my eyes it validates Verb as a company, its products, and the future demand of these products in the eyes of independent professionals. Since there were no warrants involved, the games we see should be much less, and the only way the folks who bought into the offering will make money is appreciation on the same class of shares we all hold. Same as management.
True, they could have only gotten in the offering to stay in the good graces of the underwriter, and perhaps many will immediately sell. But I don’t think so. Something is different about this one. Only time will tell.
My prediction now is that we resume more normal trading, perhaps with more elevated volume than before the offering started, but not as much as recent days. Additionally, I predict we see a true Verb Live launch early this coming week. One that we will not be able to miss and one that won’t leave us asking if Verb Live launched.
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