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There it is. 1m now moves up to .0182.
This is similar to the covering action that happened during the run in early December. They were chasing the covers up
Watch it move up through the day towards .019. It’s painful to watch your unrealized profits disappear or even worse turn into a loss. There will be panic covering hopefully.
For those who say you can’t short penny stocks, you’re mostly right when it comes to the main US brokers. But note there are other brokers that allow this. Just because your platform doesn’t have the capabilities doesn’t mean it doesn’t exist
National chain hint largely missed by market. They’ll catch up soon, they always do
Questions and answers from Mark in IR:
Q: Did the clock start for the annual financials on dec 30th PR where you mentions VRUS engaged with cbiz mhm? Or did it start on the Jan 15 8k announcement? There are worries that the upcoming filing will be late
A: A company starts collecting its financial information as soon as a quarter is ended. The time frame for the auditing part depends upon the auditor (staffing, etc.). I have not been issued a reporting date yet.
Q: Is the share price in alignment with internal management projections thus far?
A: The share price is trading at a steep discount to its peers on the NYSE and Nasdaq, something that we think can really unlock in 2020. VRUS is at 0.6X forward estimates while its peers are at 3.0X and higher. Run a screen for high growth stocks in the consumer non-cyclical space and you will see what I mean. Very few have triple digit growth rates. Celsius (CELH) is a good comp to compare Verus to at this time. They uplisted in 2017.
If ~70% short yesterday and yesterday high was .01805, I would say some shorts will cover over that price to cut losses.
Incoming squeeze
It’s amazing the facts that are left out by bears. They cite filings to scare you but only nitpick at certain details.
This tactic has worked for them in the past in VRUS and they all shut up after it starts running. Some of turn to bulls. Who’s been here to see downandout turn bull, and that ryan guy just stop posting after he was wrong.
John Bal will soon join the ranks of fallen bears
Increasing shirts but the base of .017 is still holding? The more it consolidates here, the harder they get squeezed.
That’s the technical side. On the fundamental side, pair that with triple digit growth over last quarter and we have a recipe for a massive run.
Don’t miss it
$VRUS
I imagine these deals for large investors take an intense amount of paperwork. Have you ever closed a contract where it had to go through legal review? It’s definitely a process. Expect to hear about it in the coming 3-6 months. And likely, you’ll see the price action before any official announcement of investment being made
Buyers waiting for the next financials and for the dust to settle regarding the issue of RS. Next PRs should address all of this to paint a clear and definitive picture of what’s to come
The more VRUS consolidated around the .0175-.018, the more confidence i have that there will be a run in the next few weeks
Test .02 and let’s run
Curling from bottom. Over .019 on volume should trigger a run!
Can’t believe I got shaken out by chatroom noise this morning. Fud is dangerous...
SYKE, still got milli shares silly bears!
Shareholder letter:
https://www.verusfoods.com/ceo-message
Wow very encouraging. Looks like there’s a lot in store
The longer it consolidates in the 17s the clearer it becomes to me that this will run in the coming weeks. You see this all the time in the OTC and even listed stocks, especially with upcoming catalysts. Play accordingly fellow VRUS longs
Little hammer candle possibly indicating curling action from this newly formed base. Should be heating up the next 2-3 weeks in anticipation of the financial filings.
News could also be released at any time as the previous mergers in late stages should be inching towards finalization!
Strong January to come and smart money building/rebuilding their positions
This is acting a lot like the days preceding the last run in early December
Added back the shares I sold in the .029s at .0207. Long term Invest or short term trade, you can’t deny this is a good company that will provide you grand opportunities
After the conference is where they really sell themselves at the networking functions. Just a thought
Manufacturing their own products allow the opportunity to increase margins tremendously. Huge for food and nutraceutical companies to do this
.021s being chipped away. Sellers seem to have gone back into hiding.
It’s gonna be a good Christmas everyone!
Impressive action on a red market day. New investors will discover this soon enough, but I don’t think that will happen until the next financials and m&a are announced
Might start curling again into the close. Over day high of 0.0189 will send it near .02 pretty quickly. Hope you all took advantage of the discount recently. Black Friday deal came early so i hope you weren’t asleep
Not worried about the new bears. They have literally come and gone so many times through the entire upswing from RBIZ to VRUS.
Every time without fail, they disappear once the PPS goes up, and it always does go up after dips.
To make your own decision on the future of this company, just ask yourself: has management failed in all that was promised over the last 1 to 2 years? Not. At. All.
Let the bears talk themselves out of it. No investment will be instantly gratifying unless you time perfectly, but get real with your expectations based on all the DD here.
Reversal in effect. People preparing for the year-end fireworks. I’m glad to see the selling has slowed tremendously so that’s encouraging regarding the monaker situation.
I’m locked and loaded $VRUS
Yep couldn’t resist the .0148 and .014 adds recently, and large too.
I’ve seen worse OTC companies run large on nothing, and I fully believe VRUS is the real deal. No brainer for me with all that’s happened and all that’s coming $$$
So still no knowing when the dump ends... Thanks for the clarification
Unless I’m reading it wrong, the MKGI 10-k from nov 4th says:
“stock purchase agreement with orange is anticipated to close shortly after nov 4th, 2019”
Kerby purchase agreement ended around oct 30th?
Monaker selling is supposed to stop shortly after nov 4th right? Isn’t that right now?
For anyone that cares, Brazil is extremely difficult to get into for this product category, and it is a VERY lengthy and extensive process.
The fact that they acquired a controlling arm in a company that instantly provides market share is tremendous. It's even bigger when Nutribrands has close ties with Hi-Tech and APS.
Hi-Tech is reputable, but not in the best way in the USA. They have warning letters that are as fresh as this year from the FDA. Regardless of that, they are a big company, and if they're going through Nutribrands to exclusively distribute in Brazil, that is really, really big.
Hi-Tech acquired APS Nutrition a few years back also.
Source:
I work in Regulatory Consulting for this product category in the USA. Huge industry, yet very small so it's easy to keep up with this type of news through the years.
Today and yday look reminiscent of mid to late August after the failed spike, only to be followed up by a 100%+ run
Picked up 200k more this morning @0.0211. Higher lows compared to the last time it based and ran up to 0.03s
Someone loading at .0213. VRUS has done this before where they release news as it looks most grim.
Looks like we won’t reach to .10 mark by November lol but I’m wondering what stage those two M&A’s are at at this point. They’ve been late stage for months, so I would imagine those final details are being hammered out
Heavy volume and breaking out over .02. This is running tomorrow based on what’s written in this 8k. Can’t wait to read it. Glad to add to the position today
Been accumulating low 2s. Too many dominos about to fall not to take advantage. Anshu has been on a tear in delivering his promises and even exceeding them
Haven’t kept up here in a while but is that downandout guy bullish now?
We are in for a ride. Fence sitters here’s your chance. I added 150,000 shares today. Will add much more upon reading the report
$AXXA
The 014s going quick and the 015s will bring on cover buying and FOMO buying. Even if they only validate like .05 to .1 of the value, it’s a no brained trade from these levels
Slapped 13 earlier for 100k. It’s someone else’s turn now :)
Boris was on the fence about giving dates for the quarterly if you all recall.
He gave a date for the validation report because he knows its definitely coming before month end based on his internal discussions with the third party. Why else would that be added to the quarterly PR?
Gotta read between the lines to understand that.