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the 'STRATEGIC UPDATE" news release looks and feels more like window dressing for the 500-to-1 reverse split. Did they pay off the convertible notes and Monico?
GMGI was in cashflow mode and profitable and wasn't consuming cash for product retool of launches. I think $VRUS is still consuming cash and we still don't know if they paid off the convertible notes and monico.
If they have finished diluting, then why not issue 8k or pr saying they've paid off and satisfied all the debt - convertible and Monico.
in just a few short months went from "transformational to $hit:
“This is a transformative moment for our company, giving us a new subsidiary that more than doubles our backlog overnight,” said Bhatnagar. “We worked hard to get the resources in place to unlock this unused capacity at a time when the world needs it most. This is an operating facility with an existing product line, so our investment will go directly to produce masks and biohazard suits. We expect this to be a very profitable enterprise within the first month of operation, with a positive impact on our future projections.”
"we believe protective gear could eclipse all of our existing revenue sources.”
Will Elitots Nut Butter acquisition have the same fate?
a. Nutribrands was the bees knees and future for $VRUS then they walked away
b. ZC Top was the explosive game changer for $VRUS then they walked away
c. Eliots Nut Butter YTD
Is there a pattern?
The only real constants in $VRUS are:
a. business pivots
b. dilution
Stay tuned
TAM deal collapse probably more to do with $VRUS stretched too thin, consuming cash and loss of stock currency to finance operations. Hoping they issue news soon that they've paid off all the convertible debt and we can put a pin in the dilution monster!
Is the consensus that $VRUS has settled and paid off the Convertible notes (certainly been ample dilution with 2.7 billion shares issued in last 120 days). We saw the monaco note was set up on a payment schedule but thought the other convertible notes were due around end of September.
If they're settled and gone, wouldn't this be material worthy of an 8K event?
If they weren't settled and extended again or in default, wouldn't that be an 8K event?
Something is a brewing and we should see regulatory filings to know if headwinds or tailwinds for shareholders.
Kinkos called, the new $VRUS share certificates are ready and awaiting authorization for pickup by Anshu Chris and Mark
hat is Ian's twitter name? @......
Hey Patriot2 link please?
more dilution coming - they're consuming cash, acquisitions (need cash), launching products (need cash), trying to gain shelf space (need cash) and have debt past due - there'll be many more shares on the market before they finish paying the piper and then the big r/s - ugh
still about shelf real estate and slotting fees. ramp the printing presses
the NutriBrands deal was off the rails long before covid. $VRUS had a significant financial commitment to NutriBrands in order to close and when $VRUS couldn't close the financing deals they were pitching at NIBA and LD Micro the NutriBrands deal evaporated.
As for ZC Top, it was opportunistic spin to off set the NutriBrands loss and never accounted for anything. Anders caught a PPE gown order sourced from a third party and got a placement fee. Is Anders still involved?
It's still about the $VRUS execution. Hopefully when all this dilution comes to an end, they'll be executing and the share restructure will be favourably received.
as was their acquisition of NutriBrands and ZC Top Apparel. It's the execution posting negotiating an agreement that has been lacking hopefully this one works
So the investor call went well and was well received? JAFAF
A lot of buyers today following the investor call last night.
$VRUS trades pretty tight
well using your logic it begs the question why didn't they already do that instead of issuing 2.5 billion shares on the way down? they're only partially though paying off the convertible notes so expect more dispositions and dilution!
YAWN dvice, here's a direct quote from the VRUS June 22 news release, "Verus is projecting a return to triple-digit revenue growth for the remainder of calendar 2020;" also you can go replay their Q2 CC for same statement!
YAWN, do some DD, here's a direct quote form the VRUS June 22 news release, "Verus is projecting a return to triple-digit revenue growth for the remainder of calendar 2020;" also you can go replay their Q2 CC for same statement!
wasn't it just a few weeks ago that Anshu and crew were saying they were already back to 'triple-digit' growth and we see it in q3? what happened. They look like the keystone cops haphazardly chasing business opportunities. Only half convertible addressed to this point, so do we see another billion plus share dilution to pay off the remaining convertibles?
They were probably too busy at Kinkos printing new share certificates to get their financial filings ready on time. SMH
Anshu, Chris and Mark going to Kinkos tonight to print more share certificates?
What's the over/under on 5 billion shares outstanding by months end?
Anshu, Chris and Mark killing the share structure - time for restructure again
Like I said, giving out shares like candy!
May 1, 2020 – 2.4 billion shares issued & outstanding
Aug 10, 2020 – 3.1 billion shares issued & outstanding
Aug 24, 2020 - 3.8 billion shares issued & outstanding
Sept 1, 2020 – 4.3 billion shares issued and outstanding
Is Anshu still saying and tweeting he doesn't know why all the trading volume and will investigate????
bottom will be in when Anshu stops issuing shares and the recent 1.5 billion share issuance is nestled into investors not traders hands
Does BLF Wheeler report to Dhruv or has Wheeler been shaken or jumped off Mr. Anshu's whacky ride too? It's become a revolving door
Anshu Chris and Mark at Kinkos printing more share certificates?
maybe finally getting their blended schools (on-line) curriculum into bigger market?
DD was wrong - they don't make and sell candy they give away shares like it is candy
this thing trades tight HA!
okavango, $VRUS is in survival mode. They state the current quarter due in early September will be the biggest in the company's history yet they dilute shareholders 50% at the lowest levels in years (gone from 2.3 billion issued in May to 3.8 billion issued in August). Trying to stay afloat to make the turn GLTA we're not out of the financial woods yet
Anshu, Chris and Mark, issue 1.4 billion new shares in past 90 days confirmed in corporate filings and by the transfer agent yet they tweet they have no idea why there's increased volume in the $VRUS shares
@Verus_Foods - Aug 19 - Over the last several days we have experienced significant volume in VRUS trading, however we do not know the source of this recent volume. We can confirm this recent volume is not from an insider or from our facility with White Lion.
Anshu, Chris and Mark if share price performance is used a barometer for shareholder confidence in you, what do you think $VRUS and $XDSL shareholders are thinking?
Coach, did Anders Gratte the announced President for Verus Cares jump off the Anshu Wacky World ride too?
Anyone contacted by Faruqui & Faruqui LP?
Anshu Chris and Mark, looking good!
Anshu and Chris, answer this - What's moving faster:
a. The US National Debt counter
b. The $VRUS issued and outstanding shares clock
Easier to track now the that transfer agent has gone to daily marks.