You could ask Truist Securities, Inc. rather than
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Posted On: 11/16/2021 8:58:56 PM
Re: gobears1985 #24299
You could ask Truist Securities, Inc. rather than assuming, since both ATMs are with them.
VERB Engages Truist Securities to Advance its Acquisition Strategy
AUGUST 24, 2021 8:30AM EDT
“We have engaged Truist Securities in connection with one of those opportunities .'
https://ir.verb.tech/news-events/press-releas...cquisition
You don't even need to assume there is more negotiation going on than financing, since it's in the PR that Verb is working with Truist on a acquisition.
If you ever bought multi-million dollar companies it's not an easy feat. Each side wants more than the other. But now you know Truist is still in the game
Let's review...
ATM is August was $18,000,000
"During the nine months ended September 30, 2021, the Company received net proceeds of $4,722,000. The Company terminated the Sales Agreement in October 2021."
That wasn't a lot of shares. Try to raise that with other means and it would cost much higher. Don't have to assume, it would be.
But why didn't they go for the $18M?
One would have to be an insider to answer that I assume
Why is this one $30M and not $18M?
"But since the business has continued to demonstrate impressive quarter over quarter sustainable growth, we’ve become more attractive to providers of alternative financing structures, including credit facilities - on what appear to be very attractive terms which we intend to explore as we move forward through the 4th quarter. "
If you were pursuing credit, you would make the ATM big to show you only have other cost effective options
You likely can't have an ATM out there if you take a line of credit but you'll need to do some DD on that one. Were they about to pull the trigger on one, but something else (better?) came along and they needed more time?
Did Truist tell them to cancel the ATM and activate it again 6 weeks later? Can Verb trust Truist?
How do the acquisition(s) play into this?
Would need to be an insider to know that or the funder or work at Truist on the Verb account.
Here's what I know though
There is no shortage of money that wants to invest in Live Streaming ecommerce. It's... what do you want to give up.
With credit, you don't give up equity.
"Our ongoing operating cash requirements through the 3rd quarter to support our growth initiatives were met very easily through modest periodic draws on the ATM which were conducted in a responsible manner to ensure investors’ interests were protected."
I've fine with modest periodic draws in Q4 if needed.
But buckle up, acquisitions aren't free, especially accretive ones. Ask Microsoft, Apple, Salesforce and 1000's of other software companies.
Wonder if one of the acquisitions has a lot of net income, but needs some secret sauce to grow. Would be a match made in heaven.
3 conferences coming up. Lot of 1-on-1's. Maybe someone will ask but that would be material I assume. I guess I can wait, but I like a company that has leverage and options. There are some that give financial advice on iFudge that have neither.
VERB Engages Truist Securities to Advance its Acquisition Strategy
AUGUST 24, 2021 8:30AM EDT
“We have engaged Truist Securities in connection with one of those opportunities .'
https://ir.verb.tech/news-events/press-releas...cquisition
You don't even need to assume there is more negotiation going on than financing, since it's in the PR that Verb is working with Truist on a acquisition.
If you ever bought multi-million dollar companies it's not an easy feat. Each side wants more than the other. But now you know Truist is still in the game
Let's review...
ATM is August was $18,000,000
"During the nine months ended September 30, 2021, the Company received net proceeds of $4,722,000. The Company terminated the Sales Agreement in October 2021."
That wasn't a lot of shares. Try to raise that with other means and it would cost much higher. Don't have to assume, it would be.
But why didn't they go for the $18M?
One would have to be an insider to answer that I assume
Why is this one $30M and not $18M?
"But since the business has continued to demonstrate impressive quarter over quarter sustainable growth, we’ve become more attractive to providers of alternative financing structures, including credit facilities - on what appear to be very attractive terms which we intend to explore as we move forward through the 4th quarter. "
If you were pursuing credit, you would make the ATM big to show you only have other cost effective options
You likely can't have an ATM out there if you take a line of credit but you'll need to do some DD on that one. Were they about to pull the trigger on one, but something else (better?) came along and they needed more time?
Did Truist tell them to cancel the ATM and activate it again 6 weeks later? Can Verb trust Truist?
How do the acquisition(s) play into this?
Would need to be an insider to know that or the funder or work at Truist on the Verb account.
Here's what I know though
There is no shortage of money that wants to invest in Live Streaming ecommerce. It's... what do you want to give up.
With credit, you don't give up equity.
"Our ongoing operating cash requirements through the 3rd quarter to support our growth initiatives were met very easily through modest periodic draws on the ATM which were conducted in a responsible manner to ensure investors’ interests were protected."
I've fine with modest periodic draws in Q4 if needed.
But buckle up, acquisitions aren't free, especially accretive ones. Ask Microsoft, Apple, Salesforce and 1000's of other software companies.
Wonder if one of the acquisitions has a lot of net income, but needs some secret sauce to grow. Would be a match made in heaven.
3 conferences coming up. Lot of 1-on-1's. Maybe someone will ask but that would be material I assume. I guess I can wait, but I like a company that has leverage and options. There are some that give financial advice on iFudge that have neither.
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