Verus International Inc (VRUS)

[Renegades17]

Convertible Note is only for $78.5k

It's a tiny amount for a company that is going to exit the year at $100mm in revenue. It also doesn't convert until late August at the earliest. The R/S will be done by then and the converted shares will be for a low share amount.

It's a really small amount of working capital until they can get a credit facility established. I don't view this as a big deal.