Verus International Inc (VRUS)

[Renegades17]

The lawsuit is important to resolve

Not because it's huge from a monetary standpoint, but because the company can't move forward until it's settled. Several investors have asked the company why it doesn't settle, but the company believes in its case and that Monaker needs to pay.

Unfortunately, the company can't change the name to Verus, get a new symbol or affect a reverse split until the lawsuit is settled. It's actually amazing to me that the company has been able to sign up big contracts and get modest financing deals done given the overhang. Just imagine what will happen once it's settled.

I think it's a great sign that the company was able to sign a good CFO and get three new Board members.

Hopefully we'll hear of Board members buying stock. I imagine they'll do it shortly after the quarter is reported.