Verus International Inc (VRUS)

[Renegades17]

Doing the right things

I have a few thoughts.

1. It's good that the first shipment of beef went out on schedule and the Verus business is progressing well. I would like them to give some guidance on margins.

2. While I'm annoyed the R/S is taking so long, I think they made the right decision to reduce the ratio. My guess is that they do a 1:100 split so the stock price is over $1 to meet listing requirements and there's double the share count at that point. Clearly they would like the stock price to be much higher prior to the R/S, so we may get some more press releases on new business wins. Personally, I'm shocked that the stock isn't at $0.10 or above. At $0.10, they could do a 1:30 split and the share count would be ~8mm shares, which would be desirable.