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This is what is troublesome here. I run two companies, I may not run accounting, or sales, or other departments... but I know everything that is happening, and especially if there is a problem... I am in there at the first sniff of trouble.
I just don’t buy that as an excuse. This is his company. His saying I don’t know or do that is highly problematic.
He needs to take control of the situation.
Couldn’t agree more. Anyone that has seen how fast a company can grow by means of M&A knows the gold we are sitting on here.
Tears just typing it. My grandfather was such a great man. He went the to the funeral of that man. The man’s sons went to my grandfather’s funeral.
Unfortunately, after my grandfather died, everyone fought over what he had built, and the family was torn apart. Nobody talks to anyone else’s families.
Crazy what money does to people.
Hopefully everyone here can enjoy their VRUS profits without that kind of turmoil.
These were great men who changed the course of history with their bravery and sacrifice.
My grandfather was at Normandy. Only he and one other survived from his division. He got lucky, and only caught shrapnel in his neck.
He ended up at the end of the war at Hitler’s home in Austria, where he took a table leg as a trophy, on which many of the soldiers who were there scratched in their names.
Despite being an avid hunter prior to the war, he never picked up a gun again.
After he retired he volunteered to rebuild homes after natural disasters, and while on the roof of home build in Montserrat, the guy next to him was telling the story of surviving Normandy and only one other survived. They were in the same division.
God bless them all.
It is not. Although I think we will see the returns on this one faster than he saw on Cron.
He bought in at 18.5c. VRUS has a real chance at multiple dollars, this outperforming his investment in Cron... $20 is unlikely, but who knows what they have planned. We are in at a lower level, so the multiplier is better.
Being in at 1c, and it reaching a dollar is the same as 20c and reaching $20.
Roughly 2 1/2 years
Never follow bad advice from anyone... based on how many followed they have.
Never. Not from Bieber or anyone, anywhere.
I don’t know what my follower count is, but I know that telling people to ignore how this company is performing right now is not sage advice.
But again, you do what you want. If you think followers trumps reason, by all means, I hope that works for you.
So that is measure?
Just ignore the reckless advice to ignore all that is wrong.
So I guess by that measure, I should go follow Justin Bieber.
So just ignore all the bad stuff... sounds like solid investment advice.
Let’s all sing Kumbaya as the share price goes lower, and the 10k never comes out and who knows what the reasons (excuses) might be with a management team that
1) Has a history of diluting
2) Does not communicate
3) Does not meet deadlines
And lest we forget... the CEO of Lift Kits seems to have no idea what the hell Tim is doing, nor does he seem to want to know.
I hope this turns positive... but yeah, I’m am dealing with the reality here, and it is not rainbows and unicorns.
Funny thing I just found out. I am connected to him on LinkedIn. He is buddies with the lawyer for one of my businesses.
A couple of things I keep thinking about with the AG investment and BLF.
1. This is bringing eyes from Wall Street. They know what AG made in CRON. This isn’t iHub money... this is eyes with billions in assets.
2. I originally thought that the BLF license was only ice cream. Apparently it encompasses more. I am curious what other products fall under their license.
3. VRUS looks to be going in the direction of a Sysco (current market cap $35b), but with AG involved, one has to wonder if what we are seeing being built here is a company that will be the distribution infrastructure for the CBD market.
4. The terms Monaker, BLF and AG took, are all very friendly to VRUS... an OTC stock. That is unheard of. They all know the end game here...
....which is why we are golden!
Brought my average share value down. I can exit sooner and on a smaller pop.
Things can change, and I may end holding if this management team can reverse course.
But as of right now, I sell at break even.
Dilution, R/S, Dilution, 10k not filed, changed accounting firm, 10k still not filed, no communication, share price plummeting....
Just maybe it is the company and management?
I have held this stock for a while now, and in fact just bought more, just to get my average lower.... my point is, this company has shown no regards for shareholders, and anyone that has bought over the last few months/years (god forbid) is not a doom and gloomer.
They have every right to call this for what it is.
Right now this stock is everything that is wrong with OTC stocks.
Could it change? I hope so.
But the track record of management isn’t doing anyone any favors.
Hopefully you will see great returns. But in my experience, bad management is always bad for shareholders. Everytime.
I’m going to chime in here... after reading this cluster everyday.
This stock has been the definition of doom and gloom for anyone who has bought it.
The company dilutes, does not file on time, and does not communicate anything to give shareholders any confidence that things are going to turn around.
They indeed have revenue, but if they report great revenue and dilute again, where do you think this stock is heading?
Why would anyone have any confidence that the management of this company cares about shareholders going forward?
The people telling you to hold as this continues to plummet everyday are morons.
Those so called doom-&-gloomers have been right, and if anyone took their advice, they are not bathing in red right now.
Whatever I have left in this POS, I am writing off as a loss. If it spikes to break even, I am out. I should have sold when it went to $2, but I held like an idiot.
Management does not care about shareholders. I’ll repeat... MANAGEMENT DOES NOT CARE ABOUT SHAREHOLDERS.
So keep holding or buying. But if someone sells, how could anyone blame them?
Who wants to stick around for the next iteration of shareholder screwing?
I think what you are saying would apply to a Nasdaq listed stock. By the time we know if this sells enough for a lofty valuation, we will be out of penny land.
The investment now is in the deals, mergers, and growth.
Some things will work, some won’t. Look at how Amazon grew. It was all deals and mergers... and not all of them worked.
That is the plan here. The growth could (and should) be astronomical... and I’ll say it again... I rode the wave with MKR when they took EGAN from pennies to the Nasdaq... I sold EGAN right at the point their profit/loss mattered. I’ll do the same here.
No. 1.5b outstanding, 7.5b authorized
No reverse split.
Grabbed 300k more. No brainer here. Not selling, and bought my original position at .002. Averaging up!
I rode this wave before with EGAN... MKR took them from OTC to the Nasdaq. From pennies to multi-dollars
Riding that wave again.
You do realize stocks go up and down, even as the go up?
Click the link in the 8k, it is in section (a).
$4 to uplist.
Mergers are how we get to $4.00 organically for Nasdaq or NYSE.
If Verus adds 8 companies this year... a multi-billion dollar market cap is not out of the question, especially when adding in the forward growth factor.
This is how Amazon became a giant. For reference: https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Amazon
Andrew Garnock's initial investment in what is now Chronos.
https://finance.yahoo.com/news/andrew-garnock-announces-increase-equity-170415036.html
At the very beginning. Right where we are now.
I am not going to post here anymore. I don't know what is wrong with the people on this board.
I saw the sticky and probably read it 10 times, but I did not know or see the date the financials were released. Maybe I missed it, but because I did not know, there was no correlation to the move up, so I asked.
Thanks. I saw the financials, just didn't see when they were released.
This should trade a lot higher, but trying to figure out why it is not, just in case there is something I am not finding. That being said, took a position this morning.
What the hell is the point of a message board if you can't ask questions? I haven't found a hard answer to this so I asked. Jesus.
What I am saying is that this info has been known for a while, and it still was trading at T1/T2.
Then end of last week it moved up. Was there an event that triggered it, was it picked up on some stock newsletter, or was it just moving with no news or catalyst?
I get it. But the market cap is trading where it is at for a reason. The threat of R/S seems to be holding it back.
R/S can be good and it can be really bad. Just trying to evaluate this one, and forgive me, I started looking at this stock mid week.
Right, but that was known prior.
Maybe there was no catalyst, just trying to figure this one out.
The threat of the R/S seems to be a stone around the neck of this stock.
Hey all, what was the catalyst for the move from T2 to T7, end of last week/beginning of this week?
Agreed. It won't be a bad thing. The stock goes to .50 and they do a 10 for 1 and put it on the Nasdaq at $5.
Fine by me.
Reverse split will happen when the uplist to Nasdaq.
I run a marketing agency, and I am a CMO for a Real Estate Development Company.
But, who the hell am I?
Ok, let's see... Jack Dorsey runs Twitter & Square. Elon Musk (3 at same time), SpaceX & Tesla & Solar City. Warren Buffett, Berkshire Hathaway & Salomon Brothers. Steve Jobs, Apple & Pixar, and so on.
Just because you can't walk and chew gum at the same time...
I don't mind healthy criticism, but you are literally just wasting your own time with this post... which maybe explains why you don't understand how someone can do two things at once.
So the question is, how much is owed to the unsecured, and how much does the litigation trust expect to receive?
Is there anything out there with this info?
Every step of the way, throughout the time Lampert has been involved in Sears, he has unlocked value in every possible corner.
Letting 70% ownership in SHLDQ go to 0, is the complete opposite of every move he has made.
Based on all the moves he has made, it only makes sense that he will unlock the value of his SHLDQ holdings. He is playing chess 20 moves ahead of everyone else. No way he lets his shares go to zero.
There is value in owning 70%.
If they decide to merge SHLDQ with another company, using the NOLs to value SHLDQ shares.... let's say Seritage merges with SHLDQ, that 70% would raise his stake in Seritage over 50%.
I am not saying this is going to happen, but Lampert owning these shares makes the chances he merges them much greater, instead of letting them go to zero.
Yes sir. Reward here is greater than the risk. That being said, I sold 1/3 of my position yesterday, pulling my original investment out plus a healthy profit, so whatever happens now, no regrets!
He can merge companies and issue shares to remaining creditors and shareholders. If the NOLs are valued at 5 billion (I don't know what the actual figure is, and just didn't feel like looking it up), then it is a very real possibility that this value could be used as a basis for what SHLDQ shareholders and creditors get in regards to percentage of the NEWCO.
I personally think this is a real possibility, but am also aware that shares could get cancelled as well. It is not clearly defined as of yet.
I also wouldn't be surprised if Seritage was used for a merger as Lampert's large holdings of SHLDQ would give him majority shares in Seritage when merged.
Lampert's large holding of SHLDQ and other unsecured debt, leads me to think there is another shoe to drop here, but this isn't for the faint of heart. Invest what you can afford to lose.