On October 26, 2018, Robert Averick announced that he continues to engage in ongoing discussions with management of usell.com, Inc., other shareholders of the Company and other persons concerning the Company's finances, capitalization, strategy, business (including potential commercial opportunities) and operations. Robert Averick stated that he frequently speaks with the Company about its capital needs and sources and intends to continue such discussions. Robert Averick also stated that he might take a number of actions to maximize the value of his investment, including increasing the size of his investment in the Company.