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Thanks I will! Full of juju! Let’s get the party started. I looked at share structure and have to say looks good. Website looks tight and there is definitely money in waste management. I know scientists are figuring out how to make fuel out of plastic and it is a huge earth-wide issue. Chart looks bottomed out but I am unsure why the drop but probably dilution every company needs money but this doesn’t look like a shell to me. I will do more DD and see what’s up. Share what you know work together. Cheers
Company doesn’t look to bad think I will hang out. Hi everyone
In accidentally bought this company here. Was looking at GTEH and bought GETH damn dyslexia. Well I’m in now and looked at share structure and it doesn’t look bad. I don’t know anything about the company since I did not mean to buy it. Can somebody fill me in maybe it’s a good mistake.
Need some whales come to the party, I’m pretty darn confident here just exercising patience.
I have added almost every dip and for daily breakout yesterday. Only issue I can see is the increase in AS shares from 1.5 to 7.5 billion but there have been some reassurance that is for takeover protection from the company and not to be diluted.
I’m a very busy person so more than likely not paying attention. I hear some bs about ETRADE that’s all I know. I’ve been in since .0035 and holding.
Buy Winthorpe buy
Honestly it is very low volume after that news for otc doesn’t make sense?
Good question
This should be running hmmmm what’s up doc VRUS
Put a slap in VRUS let’s go
How’s it going here in VRUS land? Been holding for a while being very patient. Nice accumulation going on!
Is this company active?
When is next leg on VRUS waiting patiently here.
What’s up VRUS rock and roll!!!
Have to say the chart looks beautiful here at VRUS! Hang in there I’m not selling buying every dip here going long and strong. PR’s on the way imo
Well that depends on what your trading. Mostly that is correct but on a bullish stock that is accumulating I will do it. So as long as the overall trade is intact I say it’s ok. With that said that really means you had a bad entry and should go back and re evaluate your entry rules.
Buying more VRUS tomorrow chart looks great
Beautiful
Looks like someone was robbed of there shares. Oops
Thanks for responding gl
Did this company perform a RS this year?
Have this on one of my scanners, anything going on for future here? Any longs have good news?
This is great, knew I had a good one in my cross hairs. Everybody aboard the VRUS train!
Agree, looking good. I am looking hard for bad and can't find it. Not that I am great at DD, I am not, but usually it is blatant and if I have to dig to find anything that bodes well for the company. I think we are in for one hell of a run. I started buying at .0025 and keep adding on the dips lets do this!
ok so this is the accumulated loss of RBIZ?
An accumulated deficit is a negative retained earnings balance. This deficit arises when the cumulative amount of losses experienced and dividends paid by a business exceeds the cumulative amount of its profits. An accumulated deficit signals that an entity is not financially stable, since it requires additional funding. However, this may not be the case for a startup business, where substantial initial losses are expected before sales begin to take off.
For example, an organization generates $100,000 of profits, pays out $25,000 in dividends, and then experiences $150,000 of losses. Its accumulated deficit is calculated as:
$100,000 Profits - $25,000 Dividends - $150,000 = $75,000 Accumulated deficit
oh ok your right I don't understand, thanks for explaining that. I was thinking it was actual debt. I will look into the definition deeper.
Can someone explain to my why everyone is talking RS and dilution? Where is that coming from???
I am sure it comes from being burnt many times in the past. I agree they stated there not looking to dilute or RS. Most OTC companies are just in the business of selling shares not doing real business. And your statement about price isn't completely accurate all they need is volume to sell those shares. they have put out the words in there SEC filings and I am sure that has alarmed folks. I believe it is just to deter hostile take over mainly. They want up listed so eventually if the company can't get market cap up enough to get up listed they may consider exercising a RS to get institutional investors interested because they can't buy stocks or don't normally invest in stocks at these price levels. If they can get the price up organically they won't have to do a RS and I think that is the plan and why I don't think they will dilute for a long time. They are looking to get the market cap up and dilution will not do that. With Garnock giving them the needed separation from RBIZ they should be able to accomplish there goals as long as they stay focused on making sales and delivering the food. Just my thoughts.
This is what I am not understanding, I don't see how they took care of the accumulated deficit.
The Company incurred a net loss of $338,489 and has generated positive cash flows from operations of $19,198 for the three months ended January 31, 2019. At January 31, 2019, the Company had a working capital deficit of $1,910,611, and an accumulated deficit of $26,443,229
how does that take care of the 26mil?
I do realize that but don’t totally understand the mechanics of how they did that. I don’t normally dig into such information so my experience is minimal in understanding this. I agree it’s great news but you don’t get something for nothing. Garnock bailed them out and helped separate them from RealBiz but what fors that mean for Verus as far as paying garnock. How is this a wash. I’m just ignorant forgive me.
From what I have read the reason they put that in along with the ability to raise AS to 7bil was for anti take over. They haven’t raised the AS because there hasn’t been a need, meaning nobody has tried hostile takeover yet. This is insurance to deter such activity and hopefully works.
What about the 26mil deficit?
I am trying, not good at understanding it. I think he gave money from convertible notes. Plus bought in?
How much was Garnocks loan for? Trying to figure out what happened to the debt?
Never mind I see it
Where do you see this vote?
Your right fibs work as long as dilution and manipulation aren’t in place. It is a good sign his fib’s and Elliott’s are working means it’s a clean trade so far. As long as the CEO and company keep delivering were in good shape.
Go VRUS!
Hi fellow traders, I am sure you may have had this question asked. Been trading little while and do not understand the chart. Ran up nice through the years then looks like it had RS eoy 2011 then dropped way down here. What is that a stock split? Sorry for my ignorance.