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The loans, the time frames and penalty's are so very laughable. Before the company went quiet they were already bringing in 1m plus a month with a massive back log which can now be filled. Add to that all the other deals to be announced and I'll bet they're easily bringing in 5 to 10 million a month. 1.25m is a spit in the cash flow bucket. NO brainer with epic potential with the all star people involved here.. This is going to be fun.. VRUS up listing in 2019
Crap on steroids.. ONCI will bury you in sharesssss
I remember the post.. I hope you paid them well LOL A Bonus would be in order .. VRUS UP LISTING in 2019
I'm still laughing lol
LMAO yeah buddy weeeeeeeeeeeeeeeeeeeee VRUS Up listing 2019
It's very possible since the Boss man said to expect it.. Until we hear different I'm going to run with VRUS Up listing 2019...
Where's doo doo ? Would like to see what the resident genius has to say about our latest developments.
I'm pumped
Things are heating up VRUSer's UP Listing in 2019
Yeah to many shares in the o/s and a lot of negativity around this.. However who spends $30k on a no bid pos?
No idea... I could dump my 10m now and break even but there's no fun in that LOL
Looks like a $30k buy
This right here should be enough to make believers out of the skeptics. YOU SELL YOU WILL REGRET...Verus International Announces $1.45 Million Financing and Retirement of Notes
February 11, 2019 17:30 ET | Source: Verus International, Inc.
Gaithersburg, MD, Feb. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Verus International, Inc. (“Verus” or the “Company”) is pleased to announce that it has received $1.45 million in funding, as detailed in a Form 8-K filed today. The notes were placed with two separate institutional-quality shareholders; individuals who had already invested in Verus through prior purchases. Importantly, this funding places the stock in the hands of friendly equity-oriented investors who expressed a desire to increase their stake in the Company.
Concurrent with this funding, Verus is pleased to announce that it has retired all of the variable rate convertible notes (“toxic notes”) held by four separate creditors. This action is particularly important because it will enable Verus to remove a sizeable reserve from its balance sheet and avoid paying millions of dollars in penalties and other charges. As part of this multi-party agreement, the Company’s other key note-holder, Donald Monaco, has agreed to extend his $530,000 note for an additional nine months, with no significant change in terms. These actions are now completed and signed off by all parties, giving the Company full releases from all prior note holder provisions.
“This marks the culmination of nearly two years of effort to put behind the legacy of RBIZ-related issues. These negotiations were difficult and long, with as many as 15 parties involved in the process. But the end result was well worth the effort, because we negotiated terms that avoided any default interest or fees, were at a substantial discount to the standard premium, and ended the threat of significant dilution from our existing note holders,” explained Verus CEO Anshu Bhatnagar. “Our goal was to create a structure that minimized dilution, but left us with a good foundation to finally begin our growth stage. We know both investors well and they represent a new stage in our goal to move toward institutional-quality funding sources that carry better terms and involve long-term oriented partners.”
The Company is currently working to complete its 10-K, which was delayed while the debt settlement was in process. The 10-K will be filed after reviewing sections that may have been impacted by the agreements announced today. Verus will provide a comprehensive update on its strategic plan in conjunction with the filing of these year-end financials.
“The impact of this funding cannot be understated,” said Bhatnagar. We needed to clean up these existing notes before we could commence our other growth initiatives. With the delinquent debt now erased, we can finally move ahead with a master plan that has been waiting for a green light for many months. Our goal is to uplist to a major exchange in 2019 and to grow our business both organically and through mergers and acquisitions. This financing marks the initial step in that process.”
This development also ends the Company’s self-imposed quiet period. Investors can expect a resumption of more frequent corporate communications and ongoing product announcements via the official Twitter feed @Verus_Foods.
About Verus International, Inc.
Verus International operates an international food subsidiary (Verus Foods) that sells branded consumer products to customers worldwide. The Company trades on the OTC market (OTC:VRUS). Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com.
If by saying pay attention to DDAmanda you bet I have... Strong bye.... VRUS up listing in 2019
Thanks for your post Karl. I like it that you monitor the board. To me it says your thinking about your shareholders and that means something in the otc. Please keep up the great work your doing to build value for PAOG.
Hey sello glad your still in one piece. Sounds like a major accident. Pass the morphine over here will ya.. VRUS up listing 2019
Well unfortunately it only shows what you want it to show which is twisted to meet your idea of facts. Truth is that there will not be and can't be any r/s for a number of reasons
MKR will not approve it if it's not for up listing
CEO has stated OVER and OVER again that there will not be an r/s until the company is in position to up list
In one of the renegotiated notes the company has promised not to r/s until the note is paid....
........................................................................
Having been a mod here she's aware of the truth smh. A fact that is seldom mentioned here is that MKR was paid with shares. As part of the agreement they have veto power over any decision to r/s. Obviously to there advantage to help get the price rolling.Plan is to up list this year as has been stated
If you were only glad to be out because you made some money why would you be hanging around here dissing the stock? vrus
Looks like you haven't reloaded yet.. Any day now flippers will be chasers
VRUS Up listing in 2018
Get ready to rumble. VRUS up listing in 2019
Damn right.. Feels good to... VRUS Up listing in 2019
Anything beats that long a$$ quiet period. Things are looking up around here... VRUS Up list in 2019
Some people just don't get it when they've over stayed there welcome. Arrogance? stupidity? lonely? We're going to be at .25 he'll be talking about dripping! smh VRUS up listing in 2019
Once we see copper here it won't be long before we hit silver. There's way to much good $hit going on here for it to do anything else... Hell we've only seen one measly domino fall and there's a lot of them... VRUS... Up Listing in 2019
Got it. At first glance I thought it was another update and than saw the date on it. LOL almost as bad as fake news vrus Up listing in 2019
Why is it off topic? It's old info about VRUS
This thing you posted is dated for the 11th.. VRUS Up listibg 2019
What's it got for us? /The links aren't opening up... VRUS Up listing 2019
Yes that's correct However they won't do it unless they are making the money needed to keep investors happy..Did you know that MKR has veto power against them doing a r/s? MKR was paid with shares of the company VRUS Up listing 2019
What is her story? VRUS up listing 2019
Hasta la vista VRUS Up listing 2019
Sorry thought you were bxxxxxg VRUS
Us longs have been waiting a long time for this...Waiting to up list is a no brainer. VRUS Up Listing 2019
Us longs have been waiting a long time for this...Waiting to up list is a no brainer. VRUS Up Listing 2019
YES SIR VRUS is headed NORTH with no dilution and---VRUS Up listing 2019
yesss :) vrus up listing 2019
REMEMBER THIS DAY MEN
SHOCK AND AWE AT THE OPENING...VRUS UP LISTING 2019
I guess doo doo doesn't care much about his credibility..I for one will always remember doo doo's action here. Worthless made up crap. smh you bet I'll remember his bs on this board.... VRUS Up listing 2019
VRUS Up Listing 2019