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Excellent post Nest as usual. VRUS is the best company I have seen in the OTC for sure. Reward will come very soon for us the real longs that hold strong.
Totally agree Johnny!!!
If you look at the L2, there is only shown the highest bid and the lowest ask for each MM (each MM appears only one time on the bid and one time on the ask). That is why you don't see your order if you are not the first on line (higher bid or lower ask) for the MM that is handling your order. VRUS.
That is great Nest and I think some haven’t noticed two things or haven’t matched them together with what Anshu mentioned about finalizing that deal to ship candies and ice creams nationally. The two things are the following:
1. This sentence from the July 8th PR when the second note convertible at a price equal to $0.10 per share was announced:
Totally agree Sir!!! Some are going to be chasing VRUS soon in my opinion.
Excellent post Mithras!! Totally agree. Share price will soon show this reality. I'm holding strong all my shares. VRUS is the best company I have ever seen in the OTC.
You are totally right Stock Stuff, exactly the same pattern. We are in very good shape and excellent hands. VRUS is going to run much higher than before with all the catalysts coming.
Loudanepro, it is Fridays from 4 PM to 5 PM Eastern Time. By the way, it was great the chart you shared with price action vs. the PRs for VRUS. Thanks a lot.
What I like the most is it shows that for a legitimate company like VRUS, market reaction comes if you are patient, it doesn't necessarily come the day of the news or the day after, but it keeps coming and making it rise steadily.
Congrats and blessings Johnny!!!! Very happy for you.
Thanks Buckwheat McTrade!!! And viva VRUS and USA!!!!
Thanks Johnny!!! I have been a Little bit busy, but very happy with all that's happening. It just keeps getting better and better. Long and strong an averaging up every time I can.
I think the main reasons are that for a company to go public and look for equity partners is a hard and lenghty process (can take years) and the requirements are very hard to meet. On the other hand, if they wanted to obtain financing, it is highly toxic and dilutive for small startup companies.
What they found with VRUS was a way to start production and begin to receive income almost immediatelly. I also think that the fact that Andrew Garnock was involved in VRUS was accounted for in their decision.
The same goes to you TF, we are very lucky to have you. And yes, we need to get together and celebrate on silver mountain. Quarterly results coming and are going to be spectacular. That together with all coming M&As, contracts and other catalysts will assure that celebration is going to be very very soon.
Excellent Tony!!! Thanks for this, is great to have this confirmation by Mark.
Elkay11, what happens is that the line corresponding to ARJ Consulting, LLC with 576,999,999 shares is included in the line corresponding to Andrew Garnock with 577,146,067 shares. If you substract 576,999,999 from 577,146,067, you obtain 146,068, that is the number of shares held by his wife.
Look at note 9 on page 33:
Thank you TF for your comments and all you do for us!!! Look at the bids Today, another good Friday for VRUS as I see and with the Q coming it should get better.
The best for you.
Andrew Garnock's beneficial ownership is not below 10%. It is 24.2%, so he has to file his sells and buys. And the only things that have occurred after the initial agreement is an ammendment with better conditions for the company and an additional buy (not sale) of shares by Andrew Garnock for $500,000, priced above the market for the day of the agreement (0.012).
If we look at Today's Price, even though we know that Andrew Garnock invested his money on February and the increase in price we have been seeing is mainly because of his involvement with the company (anyone here can easily check the chart and see when price started to jump and had a total change: February 2019 with Andrew Garnock´s involvement. Casualty? I don't think so), not only Andrew Garnock has huge gains, but all of the real, loyal and transparent shareholders that have not been buying and selling. A lot of shareholders have gains at percentages higher than Andrew Garnock's.
Now if we compare the new agreement to the first agreement, Andrew Garnock is actually paying 85% premium ( 0.0025 / 0.00135 - 1 ) for the note and warrant and 789% premium ( 0.012 / 0.00135-1 ) for the May 30th SPA and is receiving 500,000,000 shares for the note and 500,000,000 for the warrant vs. the 925,925,025 for the note and the the 925,925,925 for the warrant of the first agreement for the same $2,500,000. Additionally, he is investing $500,000 more for just 41,666,666 shares. So not a discount, but a premium. Half of the expected shares for more money. I and true longs like that new deal for the company
Other thing, the insider you are refering to is not the COO, is the CFO and he is receiving a bonus for results as in any company looking for profit. Also his salary is much less than the market, so he is clearly expecting to make money from the shares and he knows what is coming.
Revenue for this year will be in the $100M range and not what you say, additionally the companies are also valued according to their potential and growth, that in our case have been above 100% for the last Quarters. So guess what revenue and market cap we will see soon with the compound effect of this increases, the M&As and new contracts. Market cap is clearly undervalued and is headed for a correction to the upside.
OK, so let me break my comments in two so I make it more clear:
1. You mentioned:
Sure ST, my pleasure. You are totally right, he owns exactly 25.2% including ARJ, his wife and himself.
Excellent Johnny, thanks for all what you do for us. Now we have the answer directly from Mark. We have to keep working together to keep it real to all new and existent shareholders that may have any doubt. This is the best company in the OTC I have ever been by far and we are in the best moment to be invested, that is why all these people looking for cheap shares start to appear attacking it and repeating the same sentences without facts. We know what we have here.
You're welcome Asyp, I'm not sure why they have the 623,500,000 instead of 500,000,000. I think the 123,705,000 are reserved for something good for the business continuity and growth and that will be disclosed shortly. For whatever reason they reserved this 123,500,000 shares, they correspond to warrants, so if executed, they will bring money to the company at a much higher price than 0.0025. So after reading the S-1 more than once in this past days, I think this is also Excellent news.
After all that happened, now to come to this board implying or sugesting that this 623,705,000 shares are for Auctus (not Actus as you wrote it) or any other of the previous toxic noteholders is just not aceptable. Here is a table with the detail of the OS that I made with the information from the S-1:
As you can see Andrew Garnock warrant is not included in the OS. So from the 623,705,000 shares that you mention, 500,000,000 are reserved for Andrew Garnock our Angel investor and as we all know, he will deliver another $1.25M cash with that warrant.
Regarding the excercise price, we know that Garnock exercise Price is 0.0025, so what ever happens with the other 123,705,000 shares from warrants, the conversión Price is going to be much higher than the 0.0025 in order to have a weighted average of 0.003.
Finally, as they are warrants, together with Andrew Garnock warrant, they will bring cash to the company to continue unlocking backlog and for new contracts.
So Mark was telling the truth, he is a very legitimate person as all managment, insiders and real shareholders in this company.
winnaar123, I guess you meant 0.25+. This spectacular week is just the beginning.
The S-1 I mentioned in my reply to you was filed on June 7, 2019 and the 8-K, on May 31, 2019. So both were filed after after the original 13D from your link, that was filed on February 19 2019. The conditions were renegotiated and the company received more money and got a much better deal.
Also as is mentioned in your quote, the 925,925,925 shares were estimated and they ended being 500,000,000.
Excellent post Nestegg!!!! Thanks.
Very interesting information as usual Nestegg. Thanks for sharing.
Thanks Kingpindg for sharing, I'm going to read all the details, because my understanding have always been that these documents are only available for public viewing after being declared effective, but we can learn new things everyday.
Also, I Agree with you, I think it is great news that they have finally been able to find an agreement that is favorable for Verus Garnock and shareholders. And is great that we will finally see S-1 soon.
Yes stocksbelow1, it's incredible, but I guess the fact that all of them are appearing looking for cheap shares without any facts to attack our DD is a good sign that it is coming soon!!!! This week and the next ones are going to be spectacular.
John, as you quoted in your post, Form S-1 "must be filed before shares are listed on a national Exchange", but it's not the only case for filing it.
I'm expecting the company filing it mainly because it was mentioned in the first SC 13D filing and that part of the registration rights agreement was not ammended with the new SC 13D/A, just dates and other details:
Thanks Kingpindg, I would like to add that if there was a delay in the first filing (I'm not sure it was because I think we would only get to see it after being declared effective by the SEC) I think it was not because of VRUS, but because of AG watching the price go up and receiving less shares than he initially expected. So after going back an forth, they found a win win agreement having AG investing $500k more, converting not as much shares as he initially expected but not as few as if he were converting after the AS increase on April 16th.
Thanks amigo!!! Very happy of having been able to add those shares Yesterday and some more Today, specially after reading the new filings this afternoon. Excellent news in the filings and new highs coming. Current price will be history.
My understanding is that S1 is needed. Look at the first parenthesis (in red and bold):
That's right 420 Stocks
Totally agree Curt, people are digesting the filings and the explosion will come soon. I already read the filings and think we got excellent news.
Due date was June 28 (140 days after February 8). Two days difference from the new due date (June 30) and it was agreed between the parts involved, guess why, because Andrew Garnock wanted more shares and invested more money than before. Not a delay from VRUS. Also R/S have been refuted with facts many times by me and other posters here. Now other fact is that Andrew Garnock is confirming 553,999,999 more shares and 24.2% ownership. Link below:
https://www.otcmarkets.com/filing/conv_pdf?id=13473294&guid=cYxyUFxAig_Eg3h
You think he is going to do that for a R/S? That is the funniest thing I've heard Today. Where are the proofs and links for all that you continually mention? We are all waiting for them.
From 8K filed on Feb 11:
Yes Pro-Life, absolutely right. It can be seen in the image from your post that somebody tried to do a paint job selling 20,000 shares @ 0.0128 (US$256) when I was buying 500,000 shares slapping the ask at 0.013 and 0.0132.
But fortunately the paint job didn't work for them and the real buy of 500,000 shares for $US 6,529.94 prevailed.
See the times, number of shares, $US amounts, prices and total of 500,000 shares:
Senti, I don't post too much because English is not my native language (this is my second post on this board and around number 135 in total), but have been an NWBO shareholder for around 3 years and increased my stake this week with ASCO coming this weekend. Wanted to tell you that I have been following you (and some other posters here) for months because I think your posts are great and very informative. Also wanted to ask you a question regarding PFS and pseudoprogression.
You mentioned in a post that in February 2017 management announced they reached the primary endpoint number (248). Do you think that date will be restated as a later date (I guess that is possible if they have clear evidence to change it) with what they have been finding about pseudo progression (that for what I understand was mistaken before as real progression) and announce something like that at ASCO or in the near future?
Z-trade, I think is a very good question and what I think is we only get to see it after it is reviewed and declared effective by the sec (otherwise we would continually see s-1 drafts for different companies, which is not the case), so we are still on time until June 28th. Take a look at the link to the post where I explain why I think that:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148746790
Also remember that on L2 you only see the lowest ask and the highest bid for each MM in that specific moment. So if the order is changed to increase the price or if somebody puts an order with lower price using NITE, you will not see it even if the order is there.