(OTCQB: RBIZ), currently operating as Verus Foods – closing price on 06/31/18 - 0.0011
Short term target 0.01 equal 566% increase from closing price 0.0015
Long term target 0.1 equal 6566% increase from closing price 0.0015
We have a rare gem here and at this all-time low prices it would be just insane to miss out.
First of all RBIZ is pink current with all fillings are up to date
Healthy SS with OS of only 357,284,081 dated 05/03/2018
And AS of only 1.5 billion, not like most pinkies at this price range – updated on 01/29/2018 via DEF 14C
Buying shares of RBIZ means you will be part of the upcoming SPIN-OFF!! – "RealBiz (RBIZ) shareholders will receive one (1) share of NestBuilder common stock for each three hundred (300) shares of RealBiz."
"On October 27, 2017, we entered into a Contribution and Spin-off Agreement (the “Spin-Off Agreement”) with NestBuilder.com Corp., a Nevada corporation and newly formed digital real estate company (“NestBuilder”) pursuant to which we will spin-off our real estate division into NestBuilder. All stockholders of record at the time of the spin-off will receive an equivalent stock position in NestBuilder (the “Distribution”)."
As of the last PR dated May 23, 2018 - https://www.otcmarkets.com/stock/RBIZ/news/story?e&id=1090556
"The spin-off of the NestBuilder Real Estate Division was approved by the SEC for May 18, 2018" – approved by the SEC!!
One last hurdle on the way and should be resolved really soon -
"did not occur due to an unexpected follow-on information request from FINRA. Management is working to complete this final information request as quickly as possible and will update investors when we receive clearance from FINRA."
So you are really lucky to buy RBIZ shares right now!! And be part of the SPIN-OFF that could happen any day now – basically it means you will receive free money!!!
RBIZ (Operating as Verus foods) won huge contract that valued at 78 million dollars!!
And also became exclusive distributor of Disney in the UAE and OMAN!!!
"In January 2017, Verus received a contract valued at $78 million to supply beef to the GCC countries. In addition, Verus executed an agreement in August 2017 to become an exclusive distributor of Disney-branded juice products in the UAE and Oman. The first purchase order under the agreement was issued in December 2017."
RBIZ operating in the GCC countries territory where food imports expected to reach $53.1 billion by 2020!!!
"According to a report published in February 2017 by Alpen Capital, food imports into the GCC are expected to reach $53.1 billion by 2020. According to Global Islamic Economy Gateway, imports account for about 78% of food consumed in the GCC."
RBIZ is one of the only U.S public companies operating in the region!!
"Verus is one of the only U.S. based public companies operating in the region that can provide its own branded products and also act as a distributor for other brands across all of the major food sales categories. Management believes that a majority of the suppliers in this space are either non-U.S. based, private companies or are public entities with a narrow focus on their own brands. U.S. companies that supply food are the most highly respected in the GCC, due to their adherence to strict USDA standards, government oversight and reliability. As a result, U.S. affiliation and/or labeling are trusted in the GCC marketplace and American branding is highly desirable among consumers."
RBIZ revenue increased by 277%!!! For the year ended October 31. 2017
"Total revenues increased $2,405,745 or 277% for the year ended October 31, 2017 to $3,274,273 compared to $868,258 for the year ended October 31, 2016."
And we can see how to revenues keep increasing in 2018!!
"Our total revenues increased to $1,066,141 for the three months ended January 31, 2018, compared to $101,633 for the three months ended January 31, 2017, an increase of $964,508."
Just imagine how to revenue will keep rising each year from now on!
And while the revenues are increasing the expenses decreasing!!
"Our operating expenses, which include salaries and benefits, selling and promotions, legal and professional fees and general and administrative expenses decreased to $376,316 for the three months ended January 31, 2018, compared to $947,871 for the three months ended January 31, 2017, a decrease of $571,555, or 60%."
And because of this turnover in the company they are looking to retire all remaining convertible debt in 2018! -
https://www.otcmarkets.com/stock/RBIZ/news/Realbiz-Media-Group-
Announces-Goal-to-Retire-Convertible-Debt-in-2018?id=179608
"Announced today that based on pending sources of new funding, the Company does not intend to allow any of the previously contracted notes to convert into shares" –will not allow notes to convert into shares!!!
And also RBIZ will change their name and symbol to Verus foods. – It will represent to company more efficiently, and we all know that ticker change will cause another spike in the price!
"The name and symbol change from “RealBiz” to “Verus Foods” will be filed shortly and communicated to investors in an upcoming update (pending symbol approval)."
From the last PR the company has issued, we can see how it's growing fast and about to become one of the most profitably companies in the pinkies!!
"More importantly, Verus is happy to report that its newly-reorganized subsidiary in Dubai has already begun to successfully penetrate the important retail channels in the region. For the first time, the Company is set to launch its own beverage brands, with three separate products covering the juice, coconut water and vitamin C drink categories. Packaging, formulation and branding are nearly complete and initial shipments are planned to begin in the next 60 days into 2,800 grocery store and similar retail outlets in Dubai. The company will start with nine SKUs between the three products and will eventually extend these brands into other Gulf Cooperation Council (GCC) countries after completing the initial roll-out. "
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