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I know that. I cut and pasted the paragraph that says he was paid $100K.
According to him, he wasn’t paid a dime.
From the May document u sent me...
The purchase price for the Majority Interest was $100,000, which was paid by the Company. Additional working capital can be provided by the Company when needed, from time to time in the form of purchase financing, letters of credit, bank guarantees, merchant cash advances or any other structure that may be required to facilitate the business.
https://sec.report/Document/0001493152-20-007617/ex99-3.htm
I read the document u sent. It says the company paid TAM $100k.
They did not...
He was to receive $100k and also shares. He got neither.
How can you interpret this any other way??? This was a sale for a sum of $100k
Dear Mr. Bilang:
This letter is in reference to the signed Term Sheet by and between Verus International, Inc. (“Verus”) and ZC Top Apparel Manufacturing, Inc. (“TAM”), pursuant to which Verus has agreed to purchase, and TAM has accepted, a direct investment interest for Fifty-One Percent (51%) control of TAM (the “Control Interest”) in exchange for the sum certain of One Hundred Thousand Dollars U.S. ($100,000.00 U.S.) (the “Purchase Price”) (a copy of which is attached).
Ian Ron never said anything about buying a helicopter. Pumpers created that false narrative. Typical of the nonsense here. He contracted a helicopter to land in his hometown so he could donate supplies to be taken to other cities in his country.
You forget that the issue was importing and exporting from Phillipines. So Anshu shifted to Vietnam. I don’t believe the original gown order had anything to do with TAM either.
Once Anshu realized TAM was going to be limited to local order fulfillment, he shifted and went to Vietnam. What he seems to have screwed up is he made masks that weren’t certified as N 95 and if you read about masks they warn you to specifically avoid masks made in Vietnam.
So he couldn’t sell those shitty things.
Meanwhile... Ian Ron established legit contracts in his home country and now Anshu is on the outside looking in. He never paid Ian Ron. At this point, I suspect he wishes he had. Once Ian Ron secures some cash he will fulfill some really nice local govt orders. Those would have been nice PRs in OTC land.
That post by GC should 100% NOT be stickied.
The WL deal is highly dilutive. Period.
These guys can easily manipulate price down... buy shares at discount. And sell immediately for 25% gains repeatedly.
EspeciAlly at these levels where just a couple ticks make for nice % gainers.
Please do... he needs to get a better sense of how much damage he has caused his shareholder base.
It hasn’t affected him personally, so I don’t think he gives a shit.
He is “one of those guys”. Typical OTC asshole.
Not sure that was his nature before he hired Cutchens. To me, that’s where the game changed. Cutchens history speaks for itself.
He gave Verus controlling interest? No... he sold Verus controlling interest.
One small problem...
When you sell something, you would normally get money for that.
I suspect that’s where the problem lies.
It’s not a max number. It’s a max percentage. So that dollar amount that Anshu would have access to is lower based on the pathetic price of the stock right now.
Yep. I told you guys this would all come to light soon enough.
He got hosed.
Don’t know. His response to me was rather cryptic. I asked if he was still employed by Verus. He said I would have to contact Anshu about that...
I’ve never seen a lender go long term on an OtC stock. Doubt White Lion will be the first.
KIPK Copper Bullshit...
White Lion likely facilitated that drop so they could get shares at .0011 area.
They will dump the shit out of those shares the minute they get access to them. That’s a nice gain from .0011 to .0015
Then they do it all over again. And again. And again.
They now own this bitch.
Agreed. But Ian Ron still needs working capital to make things like this happen. But Verus burned that bridge. Anshu is such a damn fool.
He has had very limited contact with Anshu through all of this.
I know this... he thinks less of Anshu than most people on this board though. Lol.
Check this out...
Ian Ron starting time rub it in. Lol. I love it.
https://twitter.com/bilang_ian/status/1294048453123694594?s=21
That is something of a misnomer. We don’t owe $300k per Q for that license as many believe. I thought that at one time too. Mark cleared that up. We owe much much less than that and it’s based on sales.
At this point, sales are near zero. So we owe the very minimum for the license fee.
My guess is the noteholder is Fat Bastard from Austin Powers and he just wanted the candy for himself.
I don’t trust anything Anshu files.
Ask Ian Ron about filings and if they matter. We saw filings signed by Anshu and Ian Ron that laid out the TAM deal. Ian Ron got nothing.
So The filings lose some credibility with me. For all we know, Anshu changed his mind and the noteholder is currently dumping shares from the conversion.
Trust is important. Anshu and Chris deserve none.
I’m right there with you.
As for the notes, we don’t even know if Anshu was honest when talking about the notes a few weeks back. His credibility is shot so we could easily be seeing the July 1 note currently converting.
I’d rather be green than red, but I refuse to celebrate .0017. Just can’t bring myself to do it.
I’m trying to get my cost avg as close to .005 as possible. Bought some today. May add again early next week. Then hope for the best...
Is that a strategy? Lol.
Awesome... except there is no gap... lol
I hate to say it shane... but he is right. There is not a single gap in this chart anywhere. Not sure why you keep saying that.
That's true... But we are still 5 weeks from financials. So I wold say we still got three weeks to go down before that trend would appear here.
Let's see how she rolls...
Ian didn't get shares either. He got nothing.
I'm hopeful he posts his progress with two nice govt contracts he recently landed. He is doing very well. Truthfully... he is better off without Anshu and Cutchens as they would have likely tried to corrupt him. Sometimes things work out for all the right reasons and I believe that to be the case for Ian Ron. He is in a different class morally and ethically than Anshu and Chris. No need to get tangled up in all that.
Im still on the fence as to what happened with Anders. His response to me was vague but could easily be interpreted in a multitude of ways.
I agree with you. I know the weatherman originally called for a low of 12 or 13. But based on the selling I saw at those levels yesterday, I think we will go even lower. I already moved money over and am sitting at .0009
As my luck would have it, I NEVER buy the bottom. So i suspect the bottom will be well below my purchase point.
If I had to guess, I would say we bottom somewhere around .0007 before the next 10Q.
I think we may go lower than that after the Q as Anshu "comes clean" in his own slimy way about a few things that most of us already suspect.
While the short interest is up over 2000%, its still only 125K shares total for the 15 days. If you look at the previous 15 day period it was non existent.
125K shares is nothing when we are slinging 200 milly a day at this point. Lol.
But I'm glad you brought it up because it highlights the fact that virtually nobody is shorting this stock.
Let’s go backwards first....
I totally wasn’t lumping you in with the pump crew. Sorry you read into it that way and had to waste that much time justifying yourself...
As for the dot connectors... the king of dots is one of our mods here. If you connected all of his dots correctly we would be merging with Amazon by now.
Ian Ron was never paid a dime. Heck... forget dimes. He never got a single penny. That will be for Anshu to deal with later.
I don’t post what Mark says here. But it’s basically the same story as always. Somehow he still has a sense of optimism. But even his rhetoric has changed lately. I sense his frustration. That’s my opinion. I won’t put words in his mouth and value the fact that he responds to everything I ask.
I talked to Ian Ron, Anders Gratte and Mark today. How’s that for the trifecta.
I don’t deal with bullshit speculation. I go straight to the source.
But you guys can keep “connecting dots” as the pump crew likes to say.
Check Ian’s recent tweets. They aren’t as cryptic as you might think. He got hosed.
But he has nailed down some legit govt contracts in his home country on his own. Anshu appears to have turned his back on a hard working dude who does things on the up and up. Funny how all of the most legit people involved with this company are either shunned or walk away... McGowan, Garnock, Top Auditing firm...
As for Anders, I asked him two months ago if he was still president of Verus Cares. He replied “Yes and things are going well”.
I asked him yesterday the same thing and he replied, “You will have to contact Anshu Bhatnagar about that”.
I can read into that multiple ways so I’m not jumping to conclusions there.
Trips coming. No way around it. I’m sure Anshu is sleeping just fine though.
No reason for the stock to drop... are you being serious?
Does the word Dilution mean anything to you?
And it’s massive dilution with no end in sight.
You aren’t being serious, are you?
Damn. Weatherman said 13 and it went all the way to 12...
I missed again. Lol.
Exactly... you can go back to sleep on the front porch. I will wake you again when we are nearing trips.
Hey... did you hear... TJ Maxx has been open for months...
You have whiffed on the context per usual.
Oh... and don't leave out KeepinItReal... Where did that guy go. Pretty sure he guaranteed pennies in August. Surely nobody believed that, did they?
Anshu and Cutchens are operating the worst stock in the OTC since $MINE.
Where is BigBlackDog??? Would love to get his thoughts today. Lol.
And KIPK too. Lol
Surely they didn’t sell did they?
I would agree... except that we have now watched Nutribrands and Verus Cares disappear (more on VC soon). That makes me skeptical about any “new leg” of this company.
We have over a month till the 10Q. This won't be the bottom. Think of all the dilution that will occur between now and then.
I'm not saying that buys at 17 and 18 won't net a profit at some point. But its more likely that people buying at 17 or 18 will be selling at 14 and 15 as the dilution rages on.
There is literally no reasonable amount of buying that can overcome this type of dilution. We have traded well above 100M shares on multiple days and the stock cannot move.
The area to load is well below 17 / 18 in my opinion. I'm sure people will disagree but I had people telling me this morning that support at 20 was going to hold. Clearly they havent been thru massive dilution before. This is relentless and per usual... I blame Cutchens based on his history of corruption in penny stocks.
Wait for lower. This is going much much lower in the coming days / weeks.
The dilution train is heavy here. And there is no end in sight with latest financing deal.
Let the spin doctors tell you otherwise.