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Makes perfect sense - you’re telling everyone it could go up...or down. Nice work, Charlie.
Please let us know if, when or after you decide to adjust, recalibrate, or back off of any portion of this prediction.
Thanks in advance.
Definitely missed this - nice try.
‘What if’ and ‘why not’ are neither criticisms nor projections. However, ‘backing off’, ‘recalibrating’, and ‘adjusting’ (which are prevalently used in your posts) are the direct result of one thing; being flat out wrong - conservatively or otherwise.
A few tweets from the company...No news until when...?
Is that you Charlie Weiss?
Highly suggest this article:
US cannabis companies have advantage for CBD exports to Brazil
$8 million in first year working capital financing and up to $18 million in annual dividends to the sellers for the first five years. Revenue is one thing...this is a profit forecast right off the bat.
"We" haven't been through any of this before. And although many seem to go along with the self proclaimed 'most accurate', 'perfect chart playing', 'let's be realistic' pumper hating persona on the board - I see things a little differently...and I would bet there is a direct correlation with your share count as to which way you see the SP going at any given time...
5s after Q3 to .0176 and .0151 soon. Hmmm.
Coachshot99 Monday, 07/22/19 06:59:33 AM
Re: Chief-money post# 105498 0
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of 123295
I think we get one more shot at super cheap shares and then we settle in the mid 2s (maybe low 3s) until next Q comes out in September. There will be excitement leading up to the Q and it will be justified. The Q3 will be excellent again. We will likely move to low 5s during that period.
Wait a minute..."Haven't sold a share"??? You should contact the FBI because someone must have hacked your account. What is going on Coachshot99?
Coachshot99 Tuesday, 04/16/19 07:00:45 AM
Re: A deleted message 0
Post # of 117035
Me too. I’m up over 400%. But I have trimmed and bought back multiple times by playing this perfect chart. Free shares are the best shares and I have many of those
Coach, how many shares do you need to pickup before you get back to your original position? I remembered this post when you mentioned the .0176. As much as you ‘contribute’ here, I hope it happens before that turkey Mark mentioned hits the table.
Also - you should post your charts. I missed you after it hit .015 and kept going. Glad you’re back in the game.
Apparently not, Lou - not on a ‘short but’ trade. I had to look it up.
Me too, ST. Definitely a lot to look forward to with Verus. This is my favorite time of year.
Some people don’t need big things to happen at all. They just know where to be and when to be there when big things do happen. And there will always be those others, chasing after them with a spoon full of peanut butter hanging out of there mouth...with nothing positive to contribute.
We’ve all seen it - only difference is the perspective.
I see your point. Maybe you can help me here - with regard to the company’s track record and recent actions, how would you interpret, or put into context the following board contributions?
Some people can't move on, Nest. People are smart enough to know that VRUS is the best place on the OTC for their money. VRUS is that 'somewhere else" for a lot of people. Unfortunately, they usually show up short stacked and feeming for shares...obviously. Posting histroy always tells the tale.
Excellent point, Will - The company has let their actions do the talking for anyone paying attention and they have provided a forecast that doesn’t take a rocket scientist to crack the code:
1) Three financing arrangements in place prior the conference call - a Libor+points LOC and two repay or convertible loans at .10/share in November (and lenders look for discounted share price in conversion loans) - what did the lenders know and why November?
2) CFO states during the conference call that he can’t comment on pending M/As because they have not closed but significantly increased legal fees shown in 10Q are associated with late stage M/A activity.
3) Big time General Counsel hired with monster M/A experience...for little ole Verus Foods???
4) Institutional Investor conference in December. Items 1-3 suggest they’re not going to show up with their hats in hand - definitely going to be a show and tell.
IR has consistently stated it’s all about execution. I think we’re very close to seeing exactly what is being executed. Some things are worth waiting for.
I’ve averaged up the last two weeks (free money as far as I’m concerned)... and I’d be averaging down if I had been a little later to the party.
You don’t have to be a ‘know it all’ - you just have to know a little. It’s all very clearly explained in the multiple 14C filings...which the company has utilized for financial protection since at least 2016. And how many reverse splits has the company executed since 2016?
You’re referencing the January 2019 filings - you know, the value destroying, company crushing 14C filings that convinced Andrew Garnock (ARJ) to wipe out the company’s toxic notes and to then purchase another $500k of the company’s common stock. But I’m sure you know something he and Monaker Group, Inc. (another huge shareholder) don’t. And I’m sure you’re smart enough to not fall for the same sales pitch that suckered Big League Foods, the company’s new CFO and the new Harvard/Georgetown educated General Counsel/VP to jump onboard. Too bad you couldn’t get to them before they made such a huge mistake. Lmao.
But if the company does ever decide to utilize an R/S, you can always just refer to the filings for an explanation of cause. Here - I’ve taken all of the the deception and laziness out of it for you:
“Reasons for the Reverse Stock Split; Potential Consequences of the Reverse Stock Split
The Company’s primary reasons for approving and recommending the Reverse Stock Split are to make the Common Stock more attractive to certain institutional investors which would provide for a stronger investor base....”
You know...big board investors.
Or they don’t stay the course and just move on...
This is a long play, but it can and should be played however one chooses. The great thing about trading stocks is you can pull your money off the table at any time. Criticism is good. Praise is good. But, for the love of all things - I wish certain posters would stop broadcasting their tears all over the board because they don’t understand what’s happening and they can’t control their emotions...or are too impatient to wait. It’s not productive and it’s embarrassing to read.
This was a good week, with a lot of positive indicators for what’s to come.
Have a good weekend everyone.
Doesn't get much better than that, PL.
Not everyone can endure the journey to the promised land...or just be patient enough to let it come to them.
There is definitely a bright light shining up ahead.
Not to mention...Location choice in direct proximity to the YETI coolers booth shows an impressive level of situational awareness and logistical expertise!
Almost. I'm the guy that doesn't measure profits in peanut butter.
You'll get there one day...or probably not.
I don't think revenue is the primary factor in the recent aquisitions. I think market penetration and foot print is the goal.
Rice/Honey has the company in europe.
BLF aquistion opened 40k+++ store locations nationwide and opens doors to big box - not too mention those locations are owned by retail giants.
French Fry operation gets the company into hotels and restaurants in GCC - I don't have to describe the hotel situation in this region.
The logistics/infrastructure operations being currently executed are impressive to say the least...and for what - $50-$100 million for Ice Cream and Candy alone? Nope.
Never a good reason? Never?
And bringing in a high priced lawyer to execute an R/S?...SMH. I’ve seen a lot of “losing propositions” around here - Verus isn’t one them.
Embarrassing to watch.
Excellent post Cdub. And even better than Monaker Group - Verus is succeeding in a staple industry. Everyone needs to eat, travel is a luxury...and I haven’t seen a filing showing that Monaker is selling their VRUS shares.
“Hmmm” is right.
Which in turn brought a multi-billion dollar investment from Altria. The stars are aligning here - literally and figuratively. Everyone on this team has impeccable credentials and they are not the type to be satisfied with a bi-weekly paycheck. There is a plan being executed here. The fact that neither the company or the insiders are (or have been) selling shares, and high caliber executives are relocating to Maryland to join the team should be very strong clues to anyone wondering about the scale of what’s to come.
Shotsky, I definitely asked you before which company you lost money on when it split in order to uplist to a major exchange. You didn’t answer then...maybe you’ll answer now? Just four little letters...
I don’t view any of it as an issue. It’s a responsible agreement that protects the company and the investor and indicates a very trusting relationship between the two. People are so accustomed to the endless supply of shell scams with back alley attorney letter financials down here. The cost of money for this company doesn’t get any better at this level as far as I’m concerned.
Thank you for pulling the information.
I wouldn’t wager your 500 shares on that. But I’ll take the bet if you’re willing.
It’s very safe to assume that any news regarding share structure will be presented in tandem with a blockbuster M/A deal.
You’re the peanut butter guy! Wait...right? I get you all confused. You’re the one that didn’t know what capital gains were...?
I’m sure it’s confusing to some people. Not everyone can see opportunity.
The bigger question in my mind is - was there an 'adjustment provision' written into the warrant agreement? I'm away from my screens for a while and don't want the headache of reading SEC filings on my phone. Maybe someone else can find it.
The reason I bring it up is that there has been a lot of talk about share structure being an obstacle and the need for an A/S reduction and maybe even a reverse split on the outstanding shares. There are a couple of scenarios I think about regarding the outstanding warrants (and the shares allocated for executive compensation).
1. The quickest path in my mind to what I assume is most everyone's ideal outcome (a merger or takeover by a ARJ/Garnock entity) may be as easy as a gentle split and then an exercise of the warrants (assuming there was no adjustment provision, i.e. in the case of a reverse split the warrants are affected proportionately). If current O/S is assumed at 2.3B shares and a 5/1 or even 10/1 split was executed, ARJ would own roughly 55-85% of the company if the warrants are not adjusted and executed after the split, respectively. This may have been the idea all along... "We’ve known for a while that we needed in-house Counsel, partly due to the growing size and complexity of our M&A and international dealings, but also with an eye toward the increasing number of product lines that we intend to add"
2. Conversely, the warrants (if not already executed) would act as strong motivation not to split the O/S if the company didn't want to cede control to an outside entity - assuming no adjustment provision.
In either case, I don't see anyone losing money here - whether it's splitting in order to become one of the first large scale nano-infused food and beverage companies to market (imagine the outside, large scale investment) or by growing organically into the revenue monster that all of the current and future roll outs will ultimately create (imagine the outside, large scale investment).
Each share held here is a golden ticket.
Wouldn’t that be nice?
It’s so much better to see people acquire a solid position with funds than to have to watch someone crawling around on the floor trying to scrape up shares with FUD.
Imagine the home life...
Does it get any better in the OTC? Big Board operation - lottery ticket returns.
Hahaha! Ads are based on browsing content! So somebody’s been looking to renovate a bathroom and others....
Go VRUS!
TF, If I may postulate further...
Who are the largest shareholders and, in the realm of what we currently know - what might make sense (and a lot of $$$) for them (and us)?
Just sayin'
I listened to the conference call again earlier this week...
My favorite part is still the CFO stating that M/As can't be commented on because they are not closed, but that the significant increase in legal fees ($200k+ based on last Q) were directly related to late stage M/A activity.
My second favorite part after listening again, is the pause and then very calculated response Anshu gives when asked if consideration would be made for Verus being aquired by another entity. This was definitely a 'choose your words carefully' moment.
He had me at "Yes".
I know whose shares got given away...
Hope it made for a good weekend. Wish I could have been there.
Ksycheng Thursday, 06/20/19 12:17:41 PM
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Let’s be honest here...whose shares got stolen?
Excellent post, Sir/Madam.
Sometimes the best advice comes from within. And, I couldn't agree with you more - "There is so much in this company that the pps is waiting to explode"
Sad part is, there's bound to be some individuals that tried to trade the wave and now realize they sold at the bottom and are going to lose money reloading. They're easy to spot.
Ran out of catalyst[s]???
Someone hasn't been calling in...or reading transcripts...or filings.
Did you not hear the CFO allude to the yet to be closed M/A and the six figure amount already spent in associated legal fees to close it...which was well documented in the quarterly filings?
The only thing running out around here is the time left to buy in the .02s.
Sure are a lot of posts lately from people uninterested in buying...?
I’m pretty confident news and events won’t be an issue - short or long term.
I think I remember you stating that you hadn’t sold a share...and were holding big. Why are you upset about picking up more shares at a price you didn’t anticipate?
Posted it before...posting it again:
The CFO’s statement on the conference call regarding the significant increase in legal fees reflected in the quarterly finaincials relating directly to late stage M/As and his inability to comment - ‘because they have not yet closed' is exactly why this will keep climbing. And it certainly won't be the end of the story here. These dips won't even register in the chart next year - maybe sooner.
Legal and Professional fees for the 3 months ending 7/31/19 = $266,592 (Most recent Q)
Legal and Professional fees for the 3 months ending 4/30/19 = $76,538 (Prev. Q - included BLF/Major League Baseball Licensing acquisition!)
$200k+ in M/A associated legal fees...WTF's to wonder about here?
Who forgot that the new full time CFO moved his family from Florida for $75k a year and only 30 million shares - fully vested in 3 years. When the guy that runs the numbers (and could make a lot more than $75k freelancing) takes 30 million shares, I take the cue.
What did you anticipate when you invested here? What was your target and timeline...and why?
More importantly, what’s changed and what has the company done to inhibit your plan?
I’ll give you the benefit of the doubt and assume you didn’t think you were going to have a million more dollars in your account by the end of the week but it’s hard to rule out completely.
What you seem to overlook is that whatever action or pressure traders put on the stock, the company always pushes through with performance. Performance always wins.
I don’t know what your target is but your unrealistic timeline seems to be the problem here...and blaming others for a lack of insight is never fun to watch. It may be why you’re receiving all of the ‘sell’ advice.