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Thank you very much Backstabbed!!! Been following you also for some months, from before I started posting.
Thank you very much Johnny, you are also doing a great job for all of us. Everything is coming together perfectly!!!
$VRUS
I really can't believe someone can post this totally out of context, putting it together with a sentence that refers to the whole company, when that comment refers to Discontinued Operations:
No worries happycampers!!! Great to have you here on our side. Best luck for you!!
No, that is not true. I don't lie. The gap was closed. Today's open was at 0.009, but it went all the way to Today's low of 0.0078 to close the gap and then came back up to close at 0.0086 with a high of 0.0097. Yesterday's high was 0.0089.
No, there's no gap to fill my friend. Unfortunately I don't know how to paste an image on IHub to show you, but the chart is beautiful!!! It's going to go crazy with 10Q and next PRs.
$VRUS
Porteño, good to see you back posting. Your posts were very informative and useful, you should keep with us here. I just started posting last month, but have been a shareholder for a long time and have been following you for some months. I'm still holding my shares and hoping to have some additional available funds before the end of this week to buy more before the best news go out, that I'm sure are coming after the 10K and Stop sign is removed.
$VRUS
Great Pro-Life!!! Welcome to Colombia. Enjoy Cartagena, is a very nice city. Good place to start celebrating.
Much more to come with VRUS!!!! Just wait for the 10K, M&A, Disney contract, huge backlog getting filled, reverse of previously accounted loss related to the toxic debt we used to have and don't have anymore, Garlock's cash exercise of warrants providing us more working capital, higher margins because of economies of scale and because the shifting from wholesale to retail to improve margins as the company informed us, etc. Today we knew that now we have more than the 20 dominoes previously announced. Dominoes are multiplying!!!
This PR Today was an appetizer. I'm sure the big ones are coming and are more tan we all think, be prepared.
GREAT POINT Backstabbed, I totally agree. They want to have more eyes when the best news come out. And as news get better and better, more attention we are going to get. Also the best news are being reserved for the moment after the stop sign is out so we can have more buyers.
$VRUS
Hello Sello, those are all excellent points that you mention and after reading your post I can say I have exactly the same understanding of the situation.
With all this, I think what Garnock will try to do is convert and exercise as much and as fast as he can (within the limitations set up for that) and keep the shares instead of dumping them into the market, because his benefit is with the huge price increase we are going to have with all the catalysts coming, not via the small discount of 10%.
I think this is great for us because price will not be affected by having more shares outstanding, because these shares are not going to be part of the float. At the end all comes to supply and demand, you can have shares outstanding, but if they are not trading there is not a negative effect in the share price.
You mentioned:
I totally agree my friend, but I think we can do better because of the following reasons:
Their price increase in the past days was based only on an expected future business, they haven't had any income until now. On the other hand we already have proved a real business and had an income of $1.4M for the last reported quarter. The best fact is that this is going to show a number considerably higher when we get the 10K any day from now, for the reasons we all know.
And the most important part for me comes when you compare debt. They have much more debt than us and theirs is highly dilutive vs. ours that comes from friendly equity-oriented investors. Their debt at December 2018 was $5M and ours is only $2.0M (the $1.45M just announced with the retirement of notes plus the $530K from Monaker). I checked their financial filings vs. ours and their financer gets between 40% and 43% discount to the lowest trading prices for the previous days vs. our only 10% discount, very strange in OTC. Theirs includes also a considerable amount of derivatives.
I think future of a business is important for investors but is much better when it comes with a proven business, which is our case. Also we chould not forget the M&As and all the other good news that will come shortly.
VRUS
I totally agree my friend, but I think we can do better because of the following reasons:
Their price increase in the past days was based only on an expected future business. They haven't had any income until now. On the other hand we already have proved a real business and had an income of $1.4M for the last reported quarter. The best part is that this is going to show a number considerably higher when we get the 10K any day from now, for the reasons we all know.
And the most important part for me comes when you compare debt. They have much more debt than us and theirs is highly dilutive vs. ours that comes from friendly equity-oriented investors. Their short debt at December 2018 was $5M and ours is only $2.0M (the $1.45M just announced with the retirement of notes plus the $530K from Monaker).
I checked their financial filings vs, ours and their financer gets around 40% and 43% discount to the lowest trading prices for the previous days vs. our only 10% discount, very strange in OTC.
Theirs includes also a considerable amount of derivatives that I find dangerous for investors.
I think future is important but is much better when it comes with a proven business, which is our case. Also we chould not forget the M&As that will come.
VRUS
Great points. I Totally agree Backstabbed.
Also, I would like to add that it doesn't make any sense for the investor to sell shares into the market before the 10K, M&As and all the other news that are coming, converting them with just a 10% discount. When he decides to convert, doesn't make any sense to dump into the market with such a low benefit. The real benefit is keeping the shares or selling them at much high prices. 10% for him at this prices is peanuts. I think some people don't get it, because they are not used to such a low discount of 10%.
Can't wait for next week.
Sure, we should meet and have 3 parties with all loyal longs to celebrate when we uplist. One in Colombia, other in the US and other in Canada.
Now some are trying to scare us with a t-trade for 939,999 shares. That's $5K and some are saying it is dilution. Makes me laugh, they don't know what else to say, but they always get refuted with arguments. We are not falling on those new scare tactics. Next week is going to be huge!!!
$VRUS
Thanks my friend, marked you and started following you months ago before I started posting, because I find your posts great.
I expect this getting crazy again after lunch, specially in the PH. I think people in the sidelines don't want to loose what is coming, starting with the 10K being released on any moment of any day from now and the huge amount of news coming in the following weeks. Good luck to you and all longs in VRUS. Or maybe we don't need luck, because we are in the best company in the OTC, with the best traders and the most profesional due dilligence.
I haven't sold a single share and not planning to sell anything for a VERY VERY long time.
$VRUS
Yes Bala, and when we go through 0.01 we are going to stop being Pink and will be OTCQB again shortly, with more and more eyes and investors over us. Isn't that additional great news???
Maybe some of the new investors or followers of the board don't know we are audited and used to be OTCQB, so it's very easy for us to gain that status again. That is where we belong until we go to Nasdaq later this year IMO.
$VRUS
Totally agree my friend. If it's held longer it also means that when 10k and news come out we are going to explode from a higher level and with more attention around us, so we are going to end up much higher.
I also find excellent your comment from previous post:
Thanks Johnny!!!! Appreciate your comments. I also think your posts are great and have been following you months ago before I started to post.
VRUS, the best stock in the OTC!!!!
Done.
By the way TF and all, I think that the number of shares to be issued with our new worldclass investor will be much lower than expected.
$1,250,000 amount of debt is constant and the number of shares to be converted is calculated according to the share price in the market for the previous 30 days.
If the investor were to convert with the lowest price for the 30 previous days in Today's levels of 0.005, the conversión Price would be 0.0045 and the number of shares, just 277,777,778. Calculation is:
Conversión Price = 0.005 * 90% = 0.0045
Number of shares to be converted = US$1,250,000 / 0.0045 = 277,777,778
If the lowest Price for the previous 30 days is 0.05, just 27,777,778. Calculation:
Conversión Price = 0.05 * 90% = 0.045
Number of shares to be converted = US$1,250,000 / 0.045 = 27,777,778
And so on.
I think the situation is much better tan we all think and the number of shares to be issued way lower tan the 925,925,925. That was only a calculation with old low prices of 0.0015.
This is HUGE.
Thanks Backstabbed!!!
Backstabbed, I would like to clarify that what JohnRStar is saying about the number of shares to be converted is not even near to be true, as it is not true what he is saying about the conversion price.
From the SC 13D you can see that 925,925,925 shares would have been the number of shares if they would have converted at the date of issuance. In that case, the calculation would have been done taking into account the minimum price for the 30 days before that date, that was 0.0015 and the calculation is the following:
Conversión Price = 0.0015 * 90% = 0.00135
Number of shares to be converted = US$1,250,000 / 0.00135 = 925,925,925
Great material. Started folowing your here and on Twitter. Its coming!!!!
VRUS
Let me give you my input, I think we are on the same side, but I don't agree with the calculation. I think the situation is much better. The price you calculated is not the price they paid per share. They haven't yet paid a price per share and we still don't know what is the price they are going to end up paying per share. This is because it will depend on the share price for the 30 days before each conversion. So what I expect is that the investor is going to end up paying much more per share than the number you calculated and the amount of shares converted are going to be much less than 925,925,925.
From the SC 13D you can see that 925,925,925 shares would have been the number of shares if they would have converted at the date of issuance. In that case, the calculation would have been done taking into account the minimum price for the 30 days before that date (if you look at those days, the prices were much lower than now).
Link to SC 13D (See pg.6)
I totally agree with you NoMoDo.
Also, how can ApollyonZ dare to say this is toxic. Conversión Price is only at 10% discount from market price. With such a small discount, the only way the investor can really benefit is with share price going higher and higher. ( Benefit $ = Discount % * Share Price)
This small discount is really strange on the OTC.
Dewnboom, it was included in the previous filings. As JohnnyVegas mentioned, old news. Also, do you even know what a par value is? Read the definition from the quote and link below and don't try to scare people with your tactics.
I totally agree with you. By the way, I don't know how to paste a screenshot or an image on Ihub, how do you do that? Also please send me a PM with your email, I cannot send PMs.
I also sent an email to Mark asking about the 10K and Stop sign, just to know if what was being mentioned was true and here is his answer:
He is trying to make people believe that 0.001 is the conversion and exercise price for the notes and warrants, which is not true. 0.001 is just the par value, which is totally different from market price.
Link to Investopedia
23,243,692 buy volume vs. 9,775,596 sell volume Today.
https://ih.advfn.com/stock-market/USOTC/verus-international-inc-VRUS/trades
Strong new base forming: VWAP 0.003453. So all day trading price was around the close Price of 0.0035, which is a 16.67% increase from Friday's close.
Highest volume since Jan 14th
You only commented on item number 1 of my previous post:
My previous post
Any comments about the other facts I gave you?
And now, my answer to your comments:
Great. Thanks a lot
You can refer to me as Germán, That´s my name. I should consider changing my alias.
Thanks rrr1, I'm not sure if I understood your message. How does that work? I thought only the premium members can send private messages.
First of all, wanted to say hello ThruthFairy222, thanks for your welcome message. I didn't answer before because I don't have PM and only have 3 posts per day. I'm just starting to post, but have been following you and enjoying your posts long time ago.
One clarification for Engines regarding L2:
If you take a look, you never see a MM listed more than once on the bid and more than once on the ask. You only see the higher bid and the lower ask for each MM. So that is why you may have a bid or ask order active and don't see it, it doesn't mean the bid or ask is not there or that the level two is outdated.
Thank you very much my friend.
Thanks a lot confuciussay, the same to you. I've been following you some months ago and I find great all your contributions.
Ok, I'll give you some facts, not sure if I will be able to convince you.
1. The gross margin is not 12.6%, it´s 16.3%. You can see it in Q3 Fiscal 2018 Results PR:
Thanks Paulpaint, I'm following you some time ago because I enjoy and learn from your posts. I'll take your advice to post more.
Thank you Sir, appreciate it. The best for you and all longs.
Thanks a lot Sello, appreciate it!!!