Verus International Inc (VRUS)

[Renegades17]

Stock should rerate a lot higher

There may be some initial selling pressure from longtime holders and guys that owned preferreds that converted to common. That said the float will be small and the pro forma market cap only ~$7mm. With FY 18 (Oct) revenue approaching $100mm, and more distribution deals coming, I think a $40-$50mm market is very much justified. That would be a high $30s stock price. The valuation could be higher, but we're all still in the dark when it comes to margins.

Looking forward to the reverse split...time to move forward here.