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That was written in 1999.
Nevermind, I will email them.
Just saw the article about the purifiers. Someone who has been talking to the Rotman's should suggest they advertise them to sports teams for use in locker rooms. A couple years ago, some NFL teams had really bad cases of staph going around.
Thanks. Just have a couple questions that you or maybe some else on here will have the answer to. In regards to the RxAir being in 400 hospitals, was that before they bought the company or since they bought it. As far as Bayer using their tech for inhalers, is that something that needs FDA approval or does it already have approval, or is it not needed at all? Thanks for any info.
Hi, I'm new to VYST, but with everything I've seen, it looks pretty exciting. I bought in the past couple days and am hoping to buy more soon. I do have a question. How are they purchasing Rotmans? Are they using shares? If so, does that mean the shares that they are buying back will be put right back into the outstanding shares? Sorry if this has already been discussed, but there's so many comments on this board, it's hard to go through them all.
So, it sounds like Verus and mPhase are going to merge. mPhase has almost 40 billion outstanding shares. Will they be combined with Verus' outstanding shares?
Received this e-mail from Mark. Doesn't sound like they are planning on getting the 10-K out today, so I wouldn't count on it.
Mark Forney <mark@mkrir.com>
To:
Jan 29 at 2:34 PM
Counting any grace period, the real date that matters is February 13th. I have noted that to several investors. Yes, it was ahead of schedule two months ago, but the issue that put Verus in a quiet period took that head start away.
Verus has not filed on time in any quarter in nearly two years (I believe), but has consistently stayed current, except for a period following the last 10-K when they went past the grace period.
The company plans to stay current, but these filings always run down to the wire If they file any time between now and February 13, they will still be considered current, so that is the deadline that everyone should focus on.
There aren't that many nanocap OTC stocks that try this hard to keep current, but it is hard to do with a small team. We used to do full earnings scripts and hope to return to that format soon, so we have lofty goals for 2019.
In any event, keep the Feb. 13th date as the due date.
Mark
Are you saying the company is going to do a RS based on what has been said on the message board? That is quite an interesting way to make a decision on a company. No one on this board has any idea what the company is doing, other than the information they have been given from IR.
Silly me, I'm going off of what the actual company has said.
You do realize that this has a guaranteed $12 million revenue from the $1 million a month deal, plus whatever they're doing from the $100 million backlog, Disney deal, and new deals that haven't been announced yet, with a $3.75 million market cap? I will take that risk any time.
Like I said I'm a novice, so please take this with a grain of salt. Like others have said, I really don't expect a RS for at least a year, so I'm really not that worried about it right now. My personal plan is to probably sell about half of my shares between 1 and 3 cents (unless it shoots higher pretty fast), because there are some other stocks that I want to get into pretty soon. Then, I will probably hold the other half for at least a few months to see what happens, because I think once it gets going, it will only go up, with a few dips here and there. Honestly, I may try to get out before the RS is announced. Of course, anything can change, so who knows, but right now, I'm pretty confident.
Ok, so you decided you didn't want to invest in VRUS. When I move on from a stock, I don't keep going to the message board of that stock and keep posting about how bad it is. So, that tells me you have an ulterior motive. Am I wrong?
You and I must define "tailspin" differently. They have basically just started since breaking off from NestBuilder and have been making deals and are working on merging with or acquiring other companies. I really don't understand where you are getting all of the negativity from. A new company deserves at least a couple years to get their feet under them and from everything I've seen, they hit the ground running. How many other "new" companies have a $100 million backlog, a deal with Disney, a deal for $1 million a month to sell meat, and are already acquiring at least 2 other companies. If you can't see the positivity here, I'll guess we'll have to agree to disagree.
Question: If they were just trying to screw over shareholders, like you seem to think, why would they hire a top-notch IR firm that does things the right away, instead of just hiring companies that send tons of e-mails to people talking about their stock to get them to buy shares? I receive e-mails all the time about penny stocks, but I have never once seen one talking about VRUS.
Just curious, why did you copy and paste my post word for word?
It says it on Twitter. You don't have to believe it, but I choose to. Twitter is just as public as a filing.
I'm not exactly a newbie, but still fairly novice. What I see is a company who recently broke off from another company that was holding them down financially and is in process of making huge deals to put their products in several stores, working on getting good financing to continue putting more products in more stores, is working on merging with or buying at least 2 other companies that will allow them to add more products to their lineup and use the existing shelf space in stores from those companies to add their existing products, is working with a very professional IR firm to help get the word out about their company, and added to the authorized shares in order to do the merger or acquisition. Do I unrealistically believe the share price will get to $1 without an RS? No of course not, but I do believe this has an excellent chance of getting anywhere between 3 and 10 cents in the next few weeks after filing their 10-K showing their income and progress from the end of last year and putting out PR's announcing financing and the M/A and whatever else they've been working on. I personally have not been this confident in a stock in a long time. This is all my opinion, so take it for what's it's worth.
Where did you see they are losing money? Can you please show proof of this?
What are you not understanding about them saying they aren't doing a RS anytime soon until they are in better position to uplist? They only put that in the same 14C in order to save $10,000 for filing costs, which to me seems fiscally responsible. Why do you seem so sure that they are doing something that the people who work for the company have said they aren't doing?
Just curious, has anyone received any e-mails from Mark lately? I like reading what he has to say.
Hold on. Did you really just say selling food is a failed unsustainable business? That's one of the funniest things I've heard in a while. What's the one thing people can't live without besides water and air? I'll give you time. There are tons of food companies that have been around for decades or centuries. If you go in a grocery store, you will see food from several different companies, some you probably have never heard of.
Where was the loss reported? Did they send you an advanced copy of the 10-K before filing?
Check your order history to see if they sold.
We've been waiting because these things don't happen overnight. IR has been clear about not having an exact date and saying things will get done when they get done. The company tweeted yesterday that they are working on the final financial hurdle this week. They've been straightforward and haven't made promises they can't keep.
Unfortunately, I wasn't able to sell any and buy back cheaper, since it started so low, but I did go ahead and sell some of another stock and was able to get some at .002. I have very little doubt that once they announce that they have financing and the M/A is complete, it will shoot up.
Why does it need to get to a dollar? If it goes to 5 cents from where it is now before a reverse split, that is a pretty darn good profit.
I would say technically, yes, but obviously, they will be adding to the outstanding shares in order to merge or acquire another company, which in turn "should" add even more to the value of the company and shares. I do believe the share price will go down tomorrow because of panic selling, which I'm hoping to be able to sell some and buy more lower, because I believe once they finish their financing which they are working on this week, complete the M/A's that they are working on and once the 10-K comes out toward the end of January, the price will be shooting up. IMO
I wouldn't expect a PR Monday. One of his tweets said "We have one final, issue to resolve, which will be our top priority in the coming week." There probably won't be a PR until that issue is resolved.
Not trying to argue, but this is from a PR of another stock I'm in.
"The acquisition was an all cash deal..."
I understand what you're saying, but I have some concerns. One, Mark said in one of his e-mails last night that they were still continuing to seek out non-dilutive financing, which tells me that they haven't found it yet. Also, he said they needed shares for M/A's, which means they are going to use shares instead of cash, so if they use billions of shares to do an M/A, even if the new company adds a lot of value, there will be so many shares, that the share price won't be able to move up much.
Please correct me if I'm wrong. I want to stay long here, but now I'm very nervous. Honestly, I think I'm going to sell some Monday morning and when it goes down, which I'm sure it will, I'll buy more back.
I just looked at their last 10-Q, and I found what he was talking about for the authorized shares.
In addition, because we reached our authorized share limit, we will need to make some important changes to satisfy the terms of our existing debt. We are currently in discussions to recapitalize the company to remedy this situation.”
Should we be concerned that he mentioned authorized share count, lingering problems and new wrinkles? Those don't exactly sound like good things.
Exactly, why do they HAVE to uplist? Why can't they just run the business by selling more and more products to more and more customers? There are plenty of companies that aren't even on the stock market that have been around a long time. Is there some rule I don't know about?
I thought the same thing, but I wouldn't think they would announce just that they made the appt. this week. I would think it would mean that it will be done this week. If you notice, a couple of the other tweets said they reported a meeting invitation this week, so I think they just worded it the same way. The wording is a little confusing, but I'm sure that's what they meant.
I guess I read it differently. I took it as there will be multiple things announced throughout the coming months, not that we won't hear anything for months. I think it sounds very good. I like that they will have multiple things to announce over time better than just one thing and then nothing else for months or years.
What's not right about things taking time to complete with multiple parties involved? He has never set an exact time for completion. He has said they are working on complicated activities and they will report it when completed. The only issue here is impatience.
He has said in numerous e-mails that they will post news when there is something completed that they can report. Why is that so hard for everyone to understand? Personally, I think now is a great time to take advantage of the low prices before things get completed, because regardless of what people on here think, business activities take time to complete. IMO
So, you're saying it's not possible for a company to grow and expand? So, according to you, every company that is a penny stock is a scam?
Assuming they are in negotiations with multiple different parties, which Mark has said, I don't see a problem with what they've done. The other parties probably don't want anything to be made public until it is final, so VRUS doesn't want to kill the deals by running their mouth.
The company basically just started anew after breaking off from NestBuilder and they are in a major growth phase trying to build quickly. So what if they don't talk for awhile, once they are past this phase and business is humming, in a year or two, when they are bringing in huge revenues and the share price is much higher than right now, no one will remember this period. So, would you rather have a little gain from them putting out minor news now, or wait for major news and have huge gains later? I know what I prefer, but if you're impatient and just want to make a few bucks, then I guess you're probably not happy.
I'm excited to see that they have had financing for a while and they have started fulfilling the back order from last year and selling the Disney branded juices, along with more deals. I really don't see a downside here, unless somehow things just implode.
Anyone who realizes that it takes time to get things done in business won't panic. Anyone jumping up and down waiting for a PR are either really impatient or thinks things happen much quicker than they do. If they are working on a merger or acquiring another company, getting major financing, or making MORE million dollar deals, it takes some time. Mark Forney has said over and over that they are working on several big items and will put out a PR when they have something significant to announce.