Verb Technology (VERB) shares were up more than 91% in recent Friday trading after its top executive said the stock should be trading at more than $22 per share and that the company is "extremely well capitalized" and virtually debt-free.
In an Oct. 10 letter to stockholders, Chief Executive Rory Cutaia also issued upbeat forward-looking statements, saying he expects Q3 results to be "exceedingly better" than the prior quarter, and Q4 results to "greatly exceed" the Q3 performance as the company's business units are "now hitting their stride."
Cutaia said the company had cash in the bank of about $17.2 million as of its most recent Form 10-Q filing.
The software company recently implemented a 1-for-200 reverse stock split of its common shares in its bid to stay listed on Nasdaq.
Price: 9.96, Change: +4.75, Percent Change: +91.17
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。