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Looks like some have not been able to buy the cheap shares they are looking for. No more false information please. For the ones looking for true information, please go check for yourselves, links provided:
Exactly the same statement in the three filings, so no updates:
Form S-1 - Date: 06/07/2019
As a 3 year shareholder, after reviewing in detail the last company filings and announcements and tired of all the negative posts from our new "saviors", I would like to offer my analysis about stock based compensation.
First, as memory seems to be so short on OTC and some new posters that don’t know the company (and pretend having the revealed reality) have come here saying there is no DD, that the supporters only say everything is good because we are heavily invested in VRUS, etc., I would like to remind the following:
1. In January 2, 2017, when Anshu entered into an agreement with the company to replace the previous CEO and to spinoff from a defunct company, he came not only as a CEO, but as a PARTNER and a CEO. So his stock based compensation maybe should not be called that way (that originates all the false claims that he is receiving too much, not thinking in shareholders, blah, blah, blah) because what we are seeing in non-cash charges is a realization of the partnership initial agreement of him being an owner of a percentage of the company, not a salary. Also consider the following to reinforce what I’m saying:
a. Stock based compensations are normally awarded as shares that the employee receives without having to pay. In Anshu’s case, he is not receiving shares, he is receiving warrants at an exercise price of 0.006, which is very different. In order to receive all the shares he is entitled to receive, he would have to pay that amount per share, which is almost the same market price we have now.
b. With the spinoff from a dead company with zero value Anshu started from zero revenues and customers a 100% new business. If it wasn’t for him, we would not have anything of what we have now, just think about that for a second. Also every million he brings to the company that allows him receive 7.5 million shares until he completes 20% of ownership stays with the company after he doesn’t receive anymore shares.
c. It is normal to have capitalist partners that get together with working partners to start a new business. He is putting his work in exchange for participation in the company, but also paying to receive his participation, so I don’t see why that is too much for him, I actually see the opposite.
2. When Anshu first signed the mentioned agreement in January 2, 2017, he was entitled to receive up to 90% of the Outstanding shares of the company based on Revenue increase.
Very happy to see you so active again TruthFairy. I have also been posting less, but trying to do it when possible.
Agree 100% with your post, all these new characters appearing on the board to "save" us, just hilarious.
I'm a three year $VRUS long and patient shareholder. When you are invested in a legitimate company like VRUS, have done your extensive DD and know what you own, even though things normally take longer than initially thought, you know that when they come, they come much bigger. Looking forward to Today's Conference Call, which I think is going to be excellent.
Pennyrich, I agree with you, I don't think premarket activity is possible in OTC penny stocks.
What happens is that when the highest bid price before the opening is above the close price of previous day, you see a positive opening, because your shares are valued at the highest bid price before the opening.
On the other hand, when the ask is below the close price of previous day, you see a negative opening, because your shares are valued at the lowest ask price before the opening.
Finally in the majority of the days you don't see positive nor negative effect at opening because the highest bid price is below the previous day close and the lowest ask price is above it.
I wish this helps.
$VRUS strong!!!!
Seems like some are looking for cheap shares. New investors, please don't get scared with false information. As Pro-Life, I will not be indifferent to what is happening here.
I have been a CFO in large and small companies for more than 10 years and a VRUS shareholder for more than three and let me tell you that I have attended a lot of audits. Auditors are not dumb, maybe some don't know or act as they don't know, but Auditors cross check information with customers, suppliers, tax authorities, etc.
Also, for the ones that are getting scared, look at this PR from Aug, 2019:
Thanks BBDog, excellent email!!! I think this helps us counteract some of the increasing lately attacks coming from people looking for cheap shares by scaring others. At least until they find new false information and the cycle repeats. I'm tired of them, that's why I haven't posted lately, but continue being a loyal shareholder from more than 3 years ago. Our time will come. $VRUS
I also like your thinking Charlye. Gave you your first follow. I'm near you in Colombia and have been a shareholder for more than 3 years. Monday is going to be huge!!! $VRUS
Thanks TF, nice to see you again posting. Excellent information as always.
Congratulations!!!!
Agree 100%
Thanks Sukus, appreciate it!! :) I had to look Ausgezeichnet in the dictionary because I'm not German haha. German is my name.
Hahah, thanks a lot antihama!!! :)
Hahaha. Thanks a lot JTORENCE, appreciate it!!! :)
If blanket non-compete clauses were BS and not enforceable, they would not be used globally. It depends on the critical information the employee could take with him and the type of work he is involved in both companies. In this case he was working with Keytruda, so guess if it would be BS and not be enforceable. Also, I think NWBO would not take the risk of being sued by a company like Merck and less in this critical moment. But you can have your opinion and I can have mine without saying with no proof that they are supported with BS.
I agree with you and would add that something I haven't seen mentioned by anyone is that the non compete restriction would also apply when he moved from Merck to NWBO. So is not just one case, but two cases where it is strange that he stops working from one company and immediately starts with other. That is other reason why I also think he was helping with the SAP and NWBO DD and his work finished.
Finally, an offer he couldn't refuse could be a consequence of a clause that prohibits NWBO to offer him a definitive position post-assignment as part of the agreement / NDA signed by Merck and NWBO to bring Duffy temporarily. With this, DI is not lying, just saying the reason why he went back to Merck without giving hints of an agreement (actually, if DI would have given hints of some type of agreement, the company would be legally liable). On the other hand, if it was that Duffy just quit because the trial is failed or something like that, DI would make the company legally liable and I don't think they will take that risk with what happened in the past.
PD. Sorry if my English is not so Good. Not my native language.
I don't understand why there would be incomplete paragraphs from the 8-K, adjusting them out of context....That's Fake News.
As quoted below, the auditor thinks the company has to restate previous financial statements for:
a. Unrecorded stock-based compensation, and
b. Classification of equity instruments (including conversion features, warrants, and stock compensation warrants) subsequent to the Company having an insufficient number of authorized shares to settle certain equity classified instruments.
That doesn't mean that the company has unrecorded stock-based compensation or that the company has insufficient number of authorized shares in this moment.
The company doesn't agree with restating previous financial statements and it is a very smart decision, because it would take months to restate them and we are after the due date for the 10K. Another smart decision by the company is having the audit done by the previous auditing firm. They already audited previous years, know VRUS, know the standards they used for previous audits and worked hand on hand with the other audit firm, so it will take much less to have the audit ready, even if it wouldn't have been these differences with the other firm. I have been a Financial Manager for many years and I know accounting policies are not black and white and know how hard is to change an auditor. If the company wants to change it some time or restate whatever from previous periods, it will have plenty of time after filing the 10K, since the audit is done once in a year, but now is not the moment, company's priority #1 in this moment at this moment is filing the 10K.
As proved below with the whole 8K, not adjusted pieces, unrecorded stock-based compensation and company insufficient number of authorized shares relates to previous reporting periods when the company had the authorized shares maxed and this was fixed last year with the increase in AS when Angel Investor Andrew Garnock invested and paid all toxic notes. So that problem doesn't exist anymore. I have been a shareholder for around 3 years and know very well about this and know about the transparent management team we have here.
Whole text of the related paragraphs on 8K:
Thanks Bud-Wiser for reposting it, appreciate it and all that you do for this board and $VRUS. Now let me answer the new question. There is no contradiction. The last sentence relates to support documentation requested by the auditor during the audit and that was being delivered by the company and discussed, because as quoted below from the 8K, the audit wasn't finished. Auditors are always questioning and asking for more support (that's their job) and companies giving their points of view and documentation until they come to an agreement. As mentioned before policies are not black and white.
Thanks, the same to you my friend!! I wish I had more time to answer more to this fudsters, as I see you also do!! Teamwork!!! Anyway, having all them here looking for cheap shares is a sign of the good things coming.
Excellent post Crozz. Thank you!! Share Price will follow all Verus business acomplishments. It's taking longer than expected but will come. This is just another bump in the road and a lesson learned. Normal for growing companies. $VRUS
Excellent point Coachshot99. I didn't think about that before you mentioned it, but according to the chronological order of the events and the short time between the CEO letter and these tweets, I think it is very possible:
All great points Shinook99. I think that could the case. Agree 100%.
Excellent email loltony. Thanks for sharing!!!
Excellent post Estate1.
And that is based on Trailing Revenue Growth (for the previous 12 months), which is 143%. If we look at Forward Revenue Growth, VRUS is in the top ten for the whole market and in the first place for CPG in the whole market because hypergrowth has started, as shown below and as announced by the company.
This is based on the following calculations of Annual Forward Growth (for the following 12 months), that is around 308% in the scenario with $58M Revenue and 604% in the scenario with $100M Revenue for 2020 ($58M and $100M Revenue numbers were provided by the company in the last Corporate Presentation).
I am projecting $5.3M Revenue for Q42019 based on the average growth for the trailing 12 months until July 31 2019. If that number is lower, the growth for 2020 will be even higher in both scenarios
Below is the Table with the corresponding numbers and calculations:
Excellent email Ksycheng!!! Thanks for sharing. I think it's coming.
$VRUS.
Excellent post Coachshot99. I totally agree with your numbers and analysis. Thanks!!!
I would add that in my opinion those Revenues mixed with such a high growth rate will easily give us a $200M to $700M Market Cap, that corresponds to 0.1 - 0.3 share Price based on current share structure. That is using a 2-7 forward Price to Sales multiplier, that is normal for CPG companies and I would expect VRUS being in the higher range because of our growth that could easily move us from the fourth to the first position in the following Quarters. Patience will pay.
SS hasn't been updated since September 2019 because it hasn't changed. The company is not selling shares. If you are making such a statement, please proove it. Look at other companies and you will find out this doesn't need to be updated if they don't change. All that have been happening is Monaker selling because is out of cash, also a lot of manipulation and people selling scared by manipulation. But Monaker and games are coming to an end and just see what is coming.
And why don't you write about Beyond Meat (BYND) in the same list?
Using more or less your words, but comparing to this company:
BYND current Market Cap is 4.7B while VRUS is $42M. So their Market Cap is around 112X VRUS. But their Reveniue is 230M right now compared to the VRUS's conservative estimate of $59 Million. So their Revenue is 3.9 Times higher. So they have 120 X the market cap but just 3.9 times our revenue! Hmmm, something doesn't add up here. Either they are deeply overvalued or we are deeply undervalued or a combination of the two. Oh, but we could have sales at $100 million next year (no idea what BYND's are projected to be). But assuming BYND's growth goes to zero, that means their current sales are just 2.3X higher than our best case projected sales! And all this with a market cap 120 times higher. So everyone thinking we deserve to be trading at 25 cents next year, that would mean VRUS has a market cap of HALF A BILLION DOLLARS!!! That's ten times lower than BYND, while their sales would still be just 2.3 times VRUS. So maybe hold your horses on the low Price projections because based on others in the same industry they don't add up. Our Market Cap should be 4 times that half a Billion (10 times market cap of BYND Vs. VRUS divided 2.3 times BYND Revenue Vs. VRUS) if we use this logic. So in that scenario our Price should be around 1 dollar with the 2.3 B shares outstanding. Much better than previous projections, but for now I will keep 0.25 as my best estimate for 2020
Excellent video!!!! Thanks for sharing it Justwannamakeit. It shows the importance for VRUS to be attending LD Micro Conference. I think this is the best conference in the world to attend for a growing company VRUS size. And also is great being maybe the only company presenting that is growing Revenues in triple digit percentages Q by Q, with such an excellent management, credibility, expected margins with our own new plant, M&As achieved and in process, expected Revenues of $59 to $98 M for this fiscal year, and with such a low Market Cap. I think VRUS is one of the companies mentioned that could be in the Billions Market Cap in the near future and this conference will present it for the first time to huge investors. A lot of eyes on VRUS and a lot to show.
Again, please stop embarrasing yourself. Learn some finance basics at least.
First, let me tell you what is the correct definition for Net Revenue you are mentioning. I remember you mentioned the net revenue in a previous reply to me, but I couldn't answer, because your post got deleted I guess because of your aggresive tone.
Net Revenue is:
TruthFairy222, wise words from you as always:
As Shinook99 answered you :
You're very welcome LadyAnge. No problem at all!! Go ahead please.
Shinook99, Sorry for the late reply, I was waiting to have new numbers and now with the new Corporate Presentation released on Friday I can do that new projection.
I am doing this new analysis to calculate what our share price should be by now, based on the following:
1. The forward multipliers from Mark's email shared by TruthFairy some time ago. that you can see in the following link:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149792837
2. Our projected Revenue for 2020 reporting year taken from the new Corporate Presentation released last Friday (which we already started on November 1, 2019) of between $59M and $98M.
3. Our current Outstanding Shares.
The conclusion is that according to this new numbers, using the same methodology, our share price should reach between 0.051 and 0.51 in the near future. My previous calculation was between 0.033 and 0.2 as you can see in this link, so it continues getting better and better:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150622711
The calculation is as follows:
- With the worst case scenario, a forward multiplier of 2 and Revenue of $59M, our market cap should be at $118M ($59M Revenue x 2). Then, dividing this amount by 2,292,869,253 Outstanding Shares, we obtain 0.051.
- With the best case scenario, a forward multiplier of 12 and Revenue of $98M, our market cap should be at $1.176B ($98M Revenue x 12). Then, dividing this by 2,292,869,253 outstanding shares, we obtain 0.51.
Important to remember this is only with what we know until now. It doesn't include new M&As, new contracts, etc. Also, remember that a "Forward Multiplier" is not used with the past year revenue, it is used with the following year projection.
Finally, maybe some haven’t realized that the triple digit Revenue increase announced by the company is from 100% to 999% and that it has an exponential effect because every time the base used to calculate the increase is higher.
This is all in my opinion, but based on facts.
Ok, let me give you an example to answer to your following request and prove you that what you are saying is not true:
That is not true. Revenue for Q4 2018 was $2.2M and for year 2018 was $5.8M. So we are projected to make at least $4.4M for Q4 2019 and $13.3M for 2019, without ice cream, french fries and Nutribrands. And if you hate this board and the people here why don't you just leave with all the false information?
Totally agree. Excellent post!!
Actually I viewed the 8K and what I can say is that the company is transparent as always. There is no misleading post on Twitter from VRUS. Actually is the opposite to what is stated in the post I'm replying to.
Their 8K clearly shows profit for all years projected, starting on year 1, and only if at least 70% of the annual Business Plan is reached, they pay dividend to the sellers, which is clearly the opposite of what was stated in the post I'm replying to. This 70% limit is clearly in favor of VRUS.
From 8K:
As a shareholder for almost three years, I'm getting tired of some here spreading false information, with I don't know what intentions (or maybe we all longs know), because if you don't like a company you just leave and don't spend a lot of time attacking it. What is mentioned in the post I'm replying to is not true. It's the opposite, VRUS under promise and over deliver. I guess you were not in the conference call and didn't read the transcript. What Anshu said as you can see is that the funds could be used for other alternative, because as always, he was looking where was the best place to put the funds. We were expecting a deal similar to the rice and honey and at the end what we got is Nutribrands, which is the greatest deal the company has got until now and without giving up a single share. That is OVERDELIVERING. Also he mentioned it was going to be announced when done and that's what they did.
Great post Shinook99 as the last posts I read from you, totally agree. I haven't been very active on Ihub lately, but haven't sold a single VRUS share. With the last PR I'm more positive than ever, we just need to be patient and will be rewarded soon. This last deal is what we were waiting for, it's huge and without giving up a single share. The same type of deal for MLB but with much bigger potential. Just wait until the market and institutional investors realize all that is happening here.
You're welcome ADVFN_sidvicious!!!