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It was showing since release. This morning none of the PRs were loading though
Not to mention their GCC/other business in the Middle East. People get blinded by new deals but those old deals are equally important
The people that sold out around .018-.02s and waiting for a signal, they’ll pile back in to get in lower than they sold. That’s right now
We were up towards .019 before delays. With news like this, paired with back-to-back triple digit revenue growth financials, this will see mid 2s in no time.
Very thin, let’s get it.
Remember: this is super discounted based on IR previous statements. He knows what’s coming
Literally posted yday they would shift strategy and release news leading up to back-to-back financials.
Up we go
I feel like VRUS will shift their strategy given all that’s going on, and they’ll begin to drop some PRs before the 10k. Anyone else feel like this will be the move?
Still holding tbh but glad I only got a half position at .015. Trying to figure when to get the rest of my position now that we’re in March.
You right tho but trying to think like every other investor to time my next buy
I’m no expert investor but AXXA just broke down from a descending triangle. Not the best sign
They don’t tweet strategically to try and boost price. Updates in non-trading hours will do that
Back to back filings due out soon.
Money is there for you to grab in the stock market if you know where to look and how to act.
Even if they’re not running production for Disruption Labs, they could’ve sold their co-manufacturing services to other Brand Owners, literally a multitude of them in the Dietary Supplement space.
Further, they already worked with a consultant to become GMP compliant in accordance with FDA standards so this opens the doors for them to hire a sales team to take a piece of the $120B+ industry pie.
Generally these manufacturing companies aim for a 25-30% margin on the total number of sales, so when you do the math, it’s astronomical and should not be ignored.
Source: 8 years in the Dietary Supplement manufacturing industry
Must’ve missed that they mentioned it was a sporting good chain. Everything I’ve seen and personal emails from mark mentions national retailer
They grouped “national retailer” with “sporting goods store” in the comments. Another hint? Hm
Volume precedes price yada yada, y’all already know. Smart money building a position in anticipation of the financials.
Better yet, the next quarterlies due shortly after the annual. It’s back-to-back catalysts that will shoot this into the mid 2s and beyond
This is an underrated fact that some people don’t realize. We’ve seen what it can do on volume
No one even said “someone knows something”. Proud of you guys
“Something big” was my sentiment exactly. At that, very urgent. Can’t wait to see
Friend a Deloitte says they work through banking holidays. Other sources say EY confirm same thing. Most work through weekends for large projects too.
This means 3 days of additional to work in this through non-trading days.
Anyone else see this as a positive?
I know people that worked for delloite, a firm ranked higher than cbiz mhm. For bigger projects, they assigned people to work on weekends.
If it’s around the clock like he said, we get that much more time over the weekend for progress
Didn’t it go to .029 in December though?
Yeah seen you around here too long so I doubt you’d bounce at this stage. Just gotta keep expectations real to minimize the unnecessary stress
Yes and I’ve seen things post at like 7pm pacific time on a due date on the OTC. Just something to consider. Not saying it’s the case here but people are wasting energy freaking out rn
I’m almost positive the 10k was due the 29th. They filed the NT on the 28th
The last Q was posted at 5:54pm Eastern. Most other news was released around 7am Eastern
I know most people are just ignoring this guy... but legit what does the first link even have to do with VRUS lol..
Poor new investors probably scratching their head based on what he’s posting. Be diligent guys and cut through the irrelevant stuff
Filing due tomorrow means it should be posted Friday at latest if I’m not mistaken. Management has stayed within their regulatory boundaries thus far so I don’t see it changing any time soon.
This is important to note in case anyone is under the impression that it’s going to definitively post by tomorrow.
We all know what happened in November leading into early December: major run
For all the technical peeps, it looks like an inverse ahead and shoulder pattern forming on the daily chart
That’s a really good point. I alluded to this a while back saying that the new stuff is all fine and dandy but investors seem to have amnesia when it comes to established business or impending finalized deals. All of this adds to the complete picture which cannot be ignored
Bids moving up, walls slowly getting chipped, selling has dried.
Recipe for a quick run leading into fins methinks
These fins must be extensive and super robust! Can’t wait to see this bad boy
They said there’s no imminent R/S. Nothing about “no uplisting” like you’re trying to falsely paint.
The forced narratives are strong this morning
The national chain isn’t what they were even banking on in terms of using good news to uplift into strength. This was only landed in their recent tradeshow.
It feels like a lot of time has passed since anyone has mentioned the other “late-stage” M&A’s but if you were to think about this logically about what they have up their sleeves, it really compounds. Just imo
Never thought about it like that. It’s more than feasible for the float to be tiny or even locked up given that math. Hmm
I said 10k. Who even said 10q. Look at the message you replied to... better yet, try actually reading it
Email from Mark in IR:
1. Can you shed any light on the 10k filing? People are projecting it to be due on the 29th, and there’s no confirmation of the conference call day and time yet.
Answer:
The due date is the 29th, followed by a 15-day grace period. VRUS has used some part of its grace period for its prior 10-Ks.
2. Any idea when a PR for the national chain might be released? Once production/packaging is done? Once a purchase order is signed?
Answer:
They needed to finalize the details, but with custom packaging (not just printing) involved, had to get the packaging production part of the supply chain going quickly. The customer has a very aggressive first delivery schedule. I do not know how the customer will be revealed -- either via press release, earnings call, or by investors seeing the product in the stores for the first time. It is a national chain and this order involves candy, so all MLB teams will be represented and Verus will have a national presence faster than scheduled. Most national chains in the U.S. have large store bases, so this is a very big deal for Verus.
I don't think that investors have modeled in what it means to sign a national chain. VRUS had just 4 teams in convenience stores in about 2,500 markets in 2019. National retail chains have large store bases. For example, the top 5 grocery store chains have an average of 2,137 stores each and the top mass merchandisers average almost 3,000 stores each. The smaller national chains typically have 500+ stores and regional chains can have hundreds of stores. Sales out of these locations dwarf those of a convenience store. Any quarter when national chain shipments commence gets a pretty big boost.
That’s a good question. Not sure how it affects filings but I’m guessing it depends on the terms set in the contract with the retailer. Not sure if it’s reported as a liability until the client pays. Anyone else wanna chime in?
The 10q in March is when we’ll see numbers for this national chain. The 10k may include its operational costs though.
Depending on the capacity of their current gummies manufacturer and the volume of the order, the entire order of new custom packaging will land anywhere in the 10 to 14 weeks completion.
Likely they’ve already gone into manufacturing the actual gummies, while concurrently redesigning and printing the new packaging. If the timelines are as aggressive as he makes it seem, they’re looking to launch by mid-to-late March.
This is all assuming a purchase order was placed immediately after receiving the new financing.
Alternatively, and highly possible, it’s a smaller pilot order to see how they do at this national chain which can reduce the timeline by as much as 6 to 10 weeks, depending on how many teams they’re printing as well. In this case, it’s late feb to mid March launch.
Just my opinion, but I come from dietary supplement manufacturing
Only 3 market makers left on the ask under .019. Haven’t seen that in a while
Proven triple digit % increase in quarterly revenue over the past year is truly pathetic.
I really loathe these strategic acquisitions and execution of the management team lately. They keep delivering what they say they would deliver, which proves they are unsuitable to lead a company.
See what I did there?