Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have no problem admitting when I’m wrong. Loved the PR this morning. Now it’s time to see them follow thru and get the products on shelves. Hopefully, BLF is a focus moving forward for Anshu.
Just 100 milly in 20 mins. No dilution here. Nothing to see. Lol.
Correct. That’s what people don’t seem to understand. The debt here is huge. And their only way out is through more dilutive financing like WL deal.
None of this can possibly be shareholder friendly.
I wish I felt the same. But I believe there is more selling from noteholders and from Sivakumar to occur early this week.
25 million T Trade is a good indicator that one or both of those are still occurring.
The CBD sector is loaded with competition. It will be very difficult to gain traction there.
Knowing these guys history in terms of getting domestic sales... the CBD division will likely be dissolved by February or March of 2021.
The BLF has the most potential of any of their “other businesses” and that’s because of the MLB license. That immediately sets it apart.
But they are inept at selling so even BLF has been a failure to this point. Great product. But horrible sales team.
I showed how easy it is to market that product and did so for 3 weeks on twitter. It attracted quick attention and I don’t even know what I’m doing. Imagine if they had someone with legit marketing skills??? It’s truly embarrassing.
That “one time compensation” is looking shadier and shadier by the day.
For a company that can not finalize a deal, why should he be compensated anything?
If he had an ounce of humility, he would have deferred that to a later date or restructured it based on company performance.
Folks that are new here, take note of what happened with that compensation. It occurred at a penny. We are now headed to trips.
You might also take note of his other scam company XDSL and how he was compensated there. He ran that stock into the ground then activated an TS and ran it back into the ground again.
Alleged revenues. All we have ever seen are Accounts Receivable.
But that’s another debate for another day.
They have had multiple failed businesses in the last 18 months that took significant toxic loans to get started.
None of those businesses have made the company any money and that left notes in a state of default.
Late filing of the 10K caused other notes to go into default. So it’s been a storm of dilution for 6 months.
Angel investor Andrew Garnock and big time General Counsel Mike McGowan have walked away in that timeframe too.
But I’m holding. Lol. Ain’t that some shit.
Dilution. CEO can’t pay his bills. So the shareholders pay them for him.
I don’t think Siva would have to file to show if he sold because the OS went up a ton since he bought which put him back below 5% ownership.
My guess is that he sold. And if he got them from Garnock, I’d say Siva and Garnock aren’t friends anymore. Lol.
I would bet that Siva has already sold his 130,000,000 shares of Verus. I notice he had another big buy on GAXY on 8/13.
I would imagine he collapsed his position here for a loss and rolled it into GAXY.
Once he saw the dilution levels he headed for the hills. Not sure what he bought at but probably took a sizable loss here.
I told you that all along. The dilution is massive and it’s not done.
Bottom coming in the next three to four weeks.
Do we even know what he paid?
Lol. What happened to your .05 by end of August??? You meant .0005? Cuz that’s where it’s going.
Nice try with the pump though.
They could easily put out a PR. But with zero credibility, the PR’s and Tweets are now backfiring.
Did you see the comments on that Twitter thread? It was brutal. I don’t expect Anshu to use Twitter to communicate ever again after that. He and a Chris got shredded.
And it was probably much deserved.
Bud...
I hope ur right more than anyone here. I’ve bought 5 times below .002. So I’d be thrilled to see this move.
As I’ve said all along, I’d like to get my coat avg to .005 area. I’m not there yet and not convinced that we have hit bottom. So I’m not buying any more till we go to .0008 levels.
If the train pushes forward Monday, awesome.
If the train blows up Monday, oh well... this is dead money to me. I’m willing to take heat to .0005 and then I will walk with the pennies that remain.
My experience tells me we hit that .0005 level as early as next Friday.
I’m in the same boat. I thought Anshu was completely different.
Turns out, he is an even more devious form of Scott Vanis from Minerco.
He had many many people fooled here. None worse than ProLife who visited with him and established a relationship.
That shows how ruthless these guys are.
I still think Cutchens’ poor influence is what turned the tide here. I really do believe that Anshu was running a legit food biz in the GCC.
But Chutch convinced him to go down a dark road that caused many to lose it if money here. I’m glad I’m just small potatoes. But I wigged my way into chat groups with guys that had 20 to 50 million shares. I hope they sold them above .005 and saved some of that money from disappearing.
Run from .003? We would have to run 200% just to get to your starting point.
Two to three weeks is a lifetime and with the constant toxic dumping, there is no way this can hold .001 much longer.
The pumpers that bought too soon this week will disappear just like KIR and Abdul The Butcher.
Those poor guys entered in around .003 area. Lol.
Story will be the same for the pump crew that entered yesterday. They will take small losses by Wed or Thurs of next week.
I’m also growing more and more concerned that the upcoming Q won’t meet expectations. I have a feeling there will be no revs from Verus Cares. I’m not confident that the gowns were ever a real thing.
We were also hoping that the BLF revs might show up in Q3. That’s not gonna happen either. They haven’t sold to anyone but Big 5. So nothing to see there.
I don’t expect to ever see revs from Pach Labs but that’s another debate we can have in February.
So we are banking on GCC which was just over $4 million for Q2. I expect to see about the same in this recovery period.
Originally, we had been led to believe that we would see upwards of $10 million for Q 3 between all divisions. Even I projected $7 to $8 million from GCC alone. I’m doubling back on that. I think it’s more in line with what we saw Q2. Maybe a little more. Maybe even a little less.
It will still be good for a company with this market cap but it’s gonna be far below investors current expectations.
Price cannot appreciate in the midst of massive dilution.
You know better than that.
You will be back to cursing the Verus Gods by middle of next week. Lol. You even let an F Bomb fly if I recall. That was out of character for you.
But it showed some heart. Finally.
That’s where ur wrong. I don’t think Anshu can turn this around...
But if somehow he did, and he found a way to pay his bills and get legit financing for the candy... I’d be as bullish as anyone here.
But the constant shift in business models is so scamish. From Vivamil to masks to CBD moon rocks... you can’t make that shit up.
Fake. Phony. Fraudulent.
Talk to you Wednesday. I’m looking forward to enrolling another student into Coach’s Chart School.
Sticky that post. Let’s revisit it by Wednesday. Or will you be out the back door by then?
Check my post history. I’ve called this bitch to a tee.
We haven’t hit bottom. Not even close.
Lol. 25 milly T trade at .0011
Nah... no dilution here guys. Lol.
See you in the trips early next week.
Anshu needs to start to communicate much more regularly.
He needs to come clean and let people know what happened to Verus Cares. They had one order of gowns and that’s it???
He needs to come clean and let people know what happened to Big League Foods. TJ Maxx? Any other stores since Big 5???
He needs to come clean and let people know exactly how many notes are in default and what the plan is to pay them off. Can it be done in a non dilutive fashion???
He needs to come clean and let us know exactly what stores the alleged Pach Labs products are going into. Stop with the vague bullshit. Where are the products? Until we see them on shelves, it’s fake bullshit. Remember VivAmil, ice cream, masks, gummies... None of them have achieved anything even close to how he originally described them. I expect Pach Labs won’t either. In fact, I think it will just disappear by the end of this calendar year. That’s a very saturated niche. What the hell makes him think he can sell those products? He couldn’t sell the candy or the masks. This will be no different.
He and Chris will attend some bullshit vape conferences and tell us they have big buyers lined up. It’s all bullshit.
He needs to go back to focusing his efforts on the only thing he is good at. GCC business. I’d rather get PRs every month about those products and how they are selling. It’s 95% of our revs. But he never even mentions it.
That makes me skeptical that those revs are not being realized. All we see are accounts receivable.
And when we see that he cannot pay any of his bills... it makes you wonder if they are collecting any revs at all.
You will be gone by Wednesday with a nice loss. Probably an exit at .0009.
The pump effort is appreciated though. But no amount of unfounded pumping can overcome the toxic debt and dilution that Anshu has built here. It’s massive.
Another shit day in Verus Land. Have a great weekend. Down over 25% for the week. We will do it all over again starting Monday.
Next week you guys will be happy when we go from .0008 to .001 in a day and argue with me that “there is no way this goes to .0005!!!”
#FireChrisCutchens
Nah... no dilution. Just 40 million dumped into the bid. Normal stuff, right? Lol.
You guys are nuts. Wait till OS updates.
OTCX and CFGN are not retail buddy. But good luck.
You deny that there is dilution here Backs?
Pretty sure you were dog cussing Anshu and Chris earlier this week.
No signs of dilution? Have you looked at the OS growth the last 6 months? Have you seen the volume? Watch when OS is updated. It will grow again. Dilution is heavy here. That’s a fact.
Bullshit. White Lion could be diluting well before then.
Lol. You guys just kill me. Carry on.
Correct.
I hope ur right. But Anshu has lost all credibility with me.
He doesn’t have cash to pay that note... we know that for a fact.
So he will use WL to pay and that’s just as dilutive if not more so.
They will never get that kind of financing. Can you imagine what $VRUS credit score would be if it was a person? Lol
They haven’t paid a bill in years.
Lol. Yeah... the catalyst is the damn 8K from yesterday. It’s gonna start our slide down below .001
Retail isn’t happy with those terms. That note increased over $220K. I don’t see any way Anshu can pay that off unless he does it with the money he stole from you and me.
It’s insane. That note increased almost 50%.
That’s because every day, it is worse.
Anshu is relentless in terms of toxic debt and inability to pay for any of it.
Looking more and more like $MINE by the day. CEO borrows and borrows but can’t pay anything back.
So what is he doing with all the money he borrows? I think that’s a fair question. We certainly haven’t seen products on shelves to warrant any type of production that would have cost nearly what he has borrowed?
Candy? Nope...
Masks? Nope...
CBD? Nope...
Vivamil? Nope...
So what in the hell is he doing with all the money?
That 8K is brutal. It’s almost comical especially on the heels of a series of tweets yesterday where Anshu played stupid.
The terms of that 8K make it clear that the WL money will be used to pay debts. So those debts will get paid in shares on the backs of us... the shareholders. In a highly toxic dilutive fashion.
Anshu gets the money he needs without coming out of his own pocket and guess what... shareholders are paying for the debt.
My original thought was that we might see .0005 area. I now believe we go even lower. Probably .0002 or .0003.
Tomorrow you can expect to see a ton of retail dumping early as that 8K is particularly ominous. It shows Anshu could care less about the stock. Which means he could care less about the shareholders.
They will rob Peter to pay Paul. It’s the OTC death spiral and we have front row seats.
They simply cannot maintain operations in this fashion.
WL funds will be used to pay Monaco note. That’s comical as they will get dumped on shareholders heads as well.
Remind me who here is saying this won’t go into trips???
Let me know when that candy lands at TJ Maxx and the moon rocks land at 7-11
I’m calling bullshit on the whole thing.