Verus International Inc (VRUS)

[tedpeele]

that's a lot of notes - can they convert prior to the maturity date? I'm not seeing what the 'conversion date' is. Some notes that companies get are so toxic they allow immediate conversion, others allow it after 6 months. Better ones have no early conversion - only when due. It matters a lot. 39% discount - not so good either.

I see this:

<<As of July 31, 2017, there were outstanding warrants to purchase 16,786,467 shares of the Company’s common stock and approximately 427,000,000 shares of the Company’s common stock are reserved for convertible notes which may dilute future earnings per share.>>

But I see that the OS didn't grow in the qtr, so that's good.