Verb Technology CEO Rory Cutaia Said On Oct. 10, Assuming All Three Of These Businesses Are Worth Zero – No Value Whatsoever – And We Trade On Nothing More Than Liquidation Value Cash In The Bank – We Should Be Trading At More Than $22 Per Share Right Now
Portfolio Pulse from Benzinga Newsdesk
Verb Technology's CEO, Rory Cutaia, claims that even if the company's three business segments are valued at zero, the stock should still trade above $22 per share based solely on its liquidation value and cash in the bank.
October 11, 2024 | 3:35 pm
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Verb Technology's CEO suggests that the company's stock is undervalued, asserting it should trade above $22 per share based on liquidation value alone.
The CEO's statement implies that the market is undervaluing the stock, suggesting potential upside. This could lead to increased investor interest and buying pressure, positively impacting the stock price in the short term.
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