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Very interesting.. Seems strange we are right in the middle of this technology birth with a CEO who's background/degree is in Technology. We are starting in the UAE where the industry is changing. The old existing companies are being forced to update their tracking systems by 2021 to track from farm to table. The UAE imports most of their food so how do you do that? Verus International Inc. IMO
https://www.foodnavigator-asia.com/Article/2018/05/17/First-of-its-kind-blockchain-technology-to-trace-Halal-food-launched-in-Dubai#
My take is everyone associated with RBIZ is gone. Chris Cutchens is brought on as a "temp" contract consultant possibly permanent as things pickup. They dont need him full time yet and he is still "working" for another publicly traded company. I believe we are witnessing a reverse merger here. I think Anshu Bhatnagar needed a shell to take a company public. I believe he was looking at a shell XDSL and this around the same time period back in 2016. RBIZ had a lawsuit so he was keeping his options opened. Since Rbiz was reporting and had a better Share structure he went with RBIZ. He approached RBIZ with his plan to buy out the publicly traded company allowing the old management to hold shares in his much bigger company. The ground work was laid to make an announcement he was the new CEO in JAN 2017. It took him 2 years to clean the shell up and split the company into 2 separate companies allowing him to walk with the publicly clean traded shell called Verus International, Inc. (Vrus). The nestbuilder spinoff took all the RBIZ staff with it and i'm guessing that might never trade publicly again depending on the outcome of the lawsuit. Now that the spinoff and name change has completed I'm thinking we will start to see the plan come together as Verus International, Inc. the holding company for the companies he was planing on taking public start to merge into this shell.
Other things i find interesting is when he was CEO 2Pi Solutions had grown into an international firm in 6 years and was among the 100 fastest growing US companies.
Also his background in Computer Science is interesting and the role blockchain technology can play in the food industry.
This is my take on what is happening and unfortunately it took him longer to cleanly break free of the RBIZ lawsuit. The Rbiz history is history as of the name change... We are only a few weeks into his new company and his track record is impressive in growing companies.
Lol. If one guy rented an a dedicated office with conference room, kitchen furniture, cleaner, heat electric, air... they would yell it was a waste of money and the price he paid a year could pay off the debt. So he rents a shared office space to save some money and they yell scam. Ugh...
interesting... AJC International's business is very similar to VRUS and their Revenue is $1-2 BILLION a year.
https://www.glassdoor.com/Overview/Working-at-AJC-International-EI_IE7659.11,28.htm
in Jan 2017 in steps Anshu Bhatnagar. In less then 2 years he has 100m + in backlog contracts. He gets rid of RBIZ and the old lawsuit. He walks away with his own publicly traded company. Executes a name change, ticker change and is currently working on financing and M&A. Also dream team BOD, a stellar PR firm and institutional investors. This is moving faster than anyone realizes. Now that he completed the hard part getting his own clean publicly traded company free of the old RBIZ dirt watch how fast it grows. I don't believe this guy is messing around. I have watched many shells never turn into anything. This one is picking up speed and no one would put that much work into cleaning a pink sheet of old dirt for a scam. This is going to be big in my opinion.
This is a little unique. It was announced on 8/22 however there was a name change and ticker change. The name change delayed the ticker change. The old company had to be completely devolved before the ticker could change. Many companies will only change ticker or change the name before changing ticker. Both at the same time right after a spin off of nestbuilder that had a lawsuit against it required more paper work. I would think there was a few additional audits by FINRA to make sure everything was clean and on the up and up.
If you are using this to predict the amount of time FINRA takes on other companies it should be shorter for only a ticker change. If the other company is changing both name and ticker it could be longer. Vrus management/Board knows what they are doing. They are not your normal pink sheet BOD. If you really look at the time frame they have been working on this for close to a year. They really needed this RBIZ shell clean so VRUS could rise from the ashes.
To be continued...
Verus International Inc. is not called Verus Foods Inc. for a reason. Much more to come. Are you guys ready for the ride of your life?
This is normal. Usually a half day to full day lag on trading during a name change. That's why i don't expect to see any PRs until some of the slower platforms catch up.
No they need to hold off until some of the slower trading platforms catch up.
Just kidding. been busy today and just logged in and saw the news of the change tomorrow. Figured I would get a laugh and mess with you guys. Good luck tomorrow!
I sold all my shares Friday because someone said this was a scam and the name change was never going to happen.
Why use the word Interim? Is his job only temporary until we close the M&A?
Key word "Interim" he is like a consultant helping us get unlisted or close on financing... He probably is not looking for full time work and will fill in on the board of directors. Maybe once we close the M&A we get a CFO in the deal. Or as i was thinking someone buys the company and contracts and we all walk away with a nice payday.
Its coming. A symbol change should be quick. However there is a name change taking place here too. RealBiz Media Group Inc. to Verus foods inc. I believe it is a much longer process. There are audit requirements for a Nasdaq company to change names and the old company needs to be fully dissolved... Not sure if Pinksheets have as strict standards. But the process is more involved than just going from RBIZ to Vrus. I also believe Verus foods inc. was registered with Nevada SOS and Delaware is where RBIZ is adding more layers to the process.
Let it go, let it go
Can't hold it back anymore
Disney Juice bottles!! Didn't someone post they wanted to see a picture of the Disney juice bottles?
https://twitter.com/AgroGulf/following
I dont think they are buying them back now. The volume is too low. I believe they can set a price to buy back X number at .0023 and make an announcement when it takes place based on the share price at the time of the closing date... holding back news could be causing the price to drop to give them a better execute price. The brilliant part would be delaying as much as possible to buy back the shares at .0025 instead of .0055. paying fines for late financials to shakes investors confidence but saves the company millions in the long run. The investors who hold tight could be rewarded greatly. The investors who sold will chase to get back in when the news drops... I'm also curious if the BOD members have added to their share count. How long do they have to disclose insider holdings information after purchasing additional shares? I also believe they need to disclose if one single person has 10% of shares such as third party financing or retail. So if someone was investing about 300k or more we would see a filing stating 10% ownership. The buying and selling has dried up for the most part. It seems like everyone that wants shares is holding tight. No new investor are rushing in. Anyone selling is just trying to free up money for something that is activity running. I think they see the volume decreasing and will announce something soon regarding financing and the financing company buying X number of shares at .00X price. IMO
I think it might be worse.
My only problem is... Why on earth would RBIZ preform a spin off of the real estate portion of the business, Pay to file financials, pay to file for name change... Much easier and cheaper for a stinky pinky to go dark and issue 15 billion shares to pay off bad debt. Instead they higher an experienced PR firm and spend money on staying current instead of paying off debt. Doesn't fit the profile of a stinky pinky. I think it is more likely they polished up this terd to sell to someone who can fill their backlog. Or maybe line up financing to buy a company that can fill the backlog. From .0028 i see much more upside potential here. If they were going to Dilute more they should have saved their money dumped the PR firm went dark on financials and tweeted BS hype while dumping more shares on the market like all the other sub penny junk.
Why would you strip off all non related business and spin them off into another company? Why would you max out shares and not increase the share count when you are tight on cash and have bad financing? I'm thinking this is for sale and our backlog and contracts are worth something much higher than 4-5 million (current .003 pps) . You dont go through all the trouble with a stinky pinky and the cost to file to scam people out of money. Somethings up and its happening in the next few days to weeks.
I was reading up on the process. Seems like just changing a ticker is a quick process. However changing a company name while changing a ticker is much more involved. The old inc. Must be completely dissolved after registering the new inc. The sec does an audit (not sure if this step required for a pinky). This could take 6 weeks. Just changing a ticker could take as little as a week. Should be soon.
I have been through a ticker change on Etrade and i was not able to make a trade between 9-10 am after about 10am everything transferred. I have been through tickers that have a "E" placed on the end of the name to denote delinquent regulatory filings without any delay on the update and trading. I have heard this issue with TDA on past boards. The 2 - 3 days response might be a canned response but it might happen much faster. I would also think if TDA was delayed and you wanted to buy or sell in that time frame you could call them directly and place your order.
Not really disappointing. We are showing a strong base between .0028 and .0031 that we have tested a few times before. makes me feel good about adding more here.
The one i have been quietly exiting since .0005 is LDSi completely BS they have like 2 billion shares and 0 revenue. never released a press release. Just brought the company current.
I also rode ANDi from .005 to .04 with billions of shares and tweet hype.
It's amazing what drives stocks the two above were worse than RBIZ in SS and execution of business plan if they even had one.
I'm sure IR knows what drives stock price. I also believe they have the news drafted and waiting for release. Just need to finishing signing some papers regarding financing and M&A. once complete the new will be released and a Q-3 earnings call will happen. They are withholding the earnings call so they can disclose the full plan and answer questions during the call. They would have had the earnings call if it was just more of the normal fluff about growing.. in my opinion Something big is about to happen.
I am still quietly exiting another penny with 2 billion shares trading at .01 that has not done anything but bring a company current with the Nevada SOS. talk about complete BS pump. I strongly believe we have more of a plan hear with more potential and .01 is within reach.
M&A M&A! Fake it until you make it. Anshu Bhatnagar was in the UAE about a month ago. Start calling or emailing the companies on the Brochure they know of Verus Foods from Merry Land USA. In my opinion they have faked it for over a year and a half and have stumbled on an opening to take off very soon. Sometimes persistence pays when dreaming big. It also doesn't hurt when you have very connected people on speed dial. Look at the Board, Advisers, and IR firm. Its all coming together.
You need to add more oooooo's in moooooon!
Last Tuesday the price dropped from .0051 high to close .0038 with 88,108,230 volume
Friday the price went from .0026 low to .004 close on 64,866,080 volume
That means someone bought every share that was sold.
Today's volume is on pace to crush both last Tuesdays drop and Fridays run.
Someone is buying shares today.
volume precedes price.
Looks like a few amateurs sold at market this morning and took a few stop losses with them.
Ouch.. Nice job still profiting. Sometimes in these pennies they will really take you to the cleaners selling and buying at market. I always use limit orders.
amateurs sold at market. Their loss.
Did you dump them at market? LOL
Everyone that sold after the 10-Q is still watching. They know what is coming and dont want to miss out. They thought they still had time to buy in cheaper. Looks like if they dont get in today they are buying back in higher than it was before the 10-q in my opinion.
We hit the triple bottom and the direction it is going after hitting is UP!
The RSI was showing over sold.
news is coming.
Better financing.
Conference call.
M&A
Absolutely no reason to sit on the side lines and watch us all make money in my opinion.
Couldn't help myself... Added more shares.
Was that the triple bottom this morning? it seems like everyone is done here and sold their shares. Now is the perfect time to start our climb. Everyone will be chasing. Start up the PR engine and make them chase.
Verus Foods is registered with Nevada SOS according to the 10-Q Rbiz is registered with Delaware. not sure if that is why the name change is taking longer than a few weeks.
Thanks for all your help Lloyd. I hope you have as good of a Christmas as we will be having next week.