Extract from Press Release
$Verb Technology (VERB.US)$ “I'm Rory J. Cutaia, VERB CEO, and I wanted to take this opportunity to share some information about the Company. Specifically, I want to address the recent reverse stock split, the current share price, the current businesses that comprise the Company, our financial condition, and finally, our future prospects.
But first -- here's the headline -- as of today, October 10, 2024, our market cap is approximately $3.8M, and as of our last Form 10-Q filing, we had cash in the bank of approximately $17.2M - and the only debt we have is a ridiculously small, low interest (3.75%), low payment, 30-year term SBA loan of approximately $125K.
So do the math -- this means if we traded at nothing more than our net cash value, the stock should be trading at more than $22 per share.
And that assumes we get ZERO value for the underlying businesses -- ZERO.”
But first -- here's the headline -- as of today, October 10, 2024, our market cap is approximately $3.8M, and as of our last Form 10-Q filing, we had cash in the bank of approximately $17.2M - and the only debt we have is a ridiculously small, low interest (3.75%), low payment, 30-year term SBA loan of approximately $125K.
So do the math -- this means if we traded at nothing more than our net cash value, the stock should be trading at more than $22 per share.
And that assumes we get ZERO value for the underlying businesses -- ZERO.”
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Stock_Drift : 谢谢你！！！ $Verb Technology (VERB.US)$