Verus International Inc (VRUS)

[Renegades17]

IR

I've been chatting with IR the past few days. The outstanding lawsuit with Monaker is holding back the progress of the business. That's viewed as being the key domino to fall before they can do the name change and reverse split. The CEO has been in the Middle East and Asia meeting with existing and new customers to move the business forward, so things are good on that front.

I've been buying when it dips below $0.02. I think the stock will rerate quickly to $0.10-$0.20 once the Monaker issue is resolved, but we'll have to wait. After that, the company will probably be able to announce more deals and the stock can work its way to my upside price target of $0.60 or more.