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Ahhh $VRUS now Transfer Agent Verified so we can see the running total and additions
Outstanding Shares - 3,174,882,898 as of 08/10/2020
If we use Anshu & Chris's $XDSL boondoggle as a case study - the Transfer Agent for $XDSL reports realtime share issuance's for and so we can see as of May 15 2020 there were 14,127,814 shares issued and outstanding - in less than 90 days there are now 71,202,679 shares issued and outstanding and they continue to add convertible debt instruments to the mix.
I'm sure many feel the same phenomenon has been occurring at $VRUS but the Transfer Agent doesn't update $VRUS share issuances in realtime.
Does a leopard change its spots?
Dilution, dilution, DILUTION!
As of May 15 2020 there were 14,127,814 shares issued and outstanding - in less than 90 days there are now 71,202,679 shares issued and outstanding and they continue to add convertible debt instruments to the mix.
A spinning top: On April 24 2020 $VRUS highlighted their new Verus Cares dividion with Anders Gratte as the President. On August 4 2020 Verus said collapsing Verus cares into another new division - is Anders Gartte still involved or has he walked like the Corporate Counsel did?
Is Anshu going to do the same at $VRUS as he just did at his $XDSL?
At $XDSL he just did an ATM with White Lion (SAME AT VRUS)
At $XDSL he earned a massive warrant for increased revenues (SAME AT VRUS)
At $XDSL because the shares have dropped he demanded and switched his 37 million warrants to free 37 million trading free trading shares at current market price. WOW!
Should we expect him to demand and get the same treatment for his egregious out of the money warrant package at $VRUS?
Coach I think you'll find that the White Lion ATM is not accessible to $VRUS for sometime. In looking at other deals they (and formerly Triton Funds) did, the lines were not fully available to the companies until the underlying shares were covered by a Registration Statement. In the Agreement you'll find $VRUS required to file an S1 in order to access and use the While Lion funds.
Anshu, Chris and Mark if stock price and performance are a benchmark for investor confidence and perceived future performance, how's that been working for you?
Z this from $XDSL latest quarterly filing:
Mr. Bhatnagar, the Company’s President and CEO, is entitled to receive warrants to acquire 4% of the outstanding fully diluted common stock of the Company (the “Earned Warrants”) each time the Company’s revenue increases by $1,000,000. The exercise price of the Earned Warrants is equal to $0.50 per share, and he may not receive Earned Warrants to the extent that the number of Signing Shares (as defined in the Warrant Agreement) and Earned Warrants exceed 80% of the fully diluted common stock of the Company (“Warrant Cap”).
Warrant Agreement – Accelerated Warrants
Mr. Bhatnagar, the Company’s President and CEO, shall immediately receive the remaining amount of warrants necessary to acquire up to 80% of the outstanding fully diluted common stock of the Company (“Accelerated Warrants”) when either of the following occur:
a) the Company completes a stock or asset purchase of Scepter Commodities, LLC; or
b) the Company completes a stock or asset purchase of any other entity, either of which, in the aggregate, together with prior revenue increases achieved by the Company, results in the consolidated revenues of the Company being not less than $15,000,000; or
c) the Company grows a similar business organically within mPhase to include contracts generating revenues in excess of $15,000,000; or
d) the Company meets the listing requirements of either the NYSE or NASDAQ
For the six months ended December 31, 2019, since the Company’s revenue was $15,131,579, Mr. Bhatnagar earned warrants to acquire 32,405,058 shares of the Company’s common stock under the provisions of the Warrant Agreement. At December 31, 2019, under the current Warrant Cap, there remains no additional shares of the Company’s common stock that Mr. Bhatnagar can earn.
Z go thru the $XDSL 8k filings. He received a warrant to buy 10's of millions of $XDSL shares post the revers-split. He's making a huge salary there for for a job he said runs on autopilot and has a huge dilutive stake in their future in a warrant package
Anshu Chris and Mark not discriminating, their $XDSL hits another 52 week low today. Something systemically wrong
Anshu, Chris and Mark tweeted
April 3 - This Changes Everything - Stock at $0.0189
June 25 - Stay tuned. So much more to follow - Stock at $0.0037
Tell us more
Anshu Chris and Mark you're doing a great job restoring shareholder confidence
ZTrade, CFGN has been hammering on Anshu's $XDSL (along with initially PAUL and OTCX). Garnock is not a common denominator in the $XDSL story but the convertible note holders are. It's possible Anshu and Chris made a deal with the $VRUS near-term note holders paying them vig (interest and penalties) in shares and postponing the principal payments further down the road and thus CFGN is working off some of the vig shares. $VRUS has some cleanup to do, credibility to regain and if they can post triple digit growth in Q3 and Q4 which should put them into positive cash flows then we could see a reversal of this debacle
Polvo maybe if they time it right with the reinforced statements by Anshu they they expect triple digit growth in Q3 and Q4 they can follow the path and trajectory of $GMGID (GMGI) which has performed well post their RS announcement. Most RS's are poorly timed and because companies are scrambling to stay alive and recapitalize their company's immediately on the RS. The companies that time it right and do it for the right reasons perform.
The resumption of triple digit growth and now that all charges for the obscene option awards have been expensed, the financial reporting for Q3 and Q4 could be interesting.
Nary a whisper out of Anders and Verus Cares about PPE. Didn't they say that they shipped the sample masks to the RFP's in mid June? Only one order on gowns so far. Well?
$VRUS and $XDSL performance - there are several common denominators and both company's have had abysmal performance.
$VRUS & $XDSL Common Denominators:
- Anshu, Chris and Mark
- PAUL, OTCX, CGFN
- Same Convertible Note lenders
- Excessive Warrant grants to Anshu to wrest control of the companies
Haven't read the new Equity Line Agreement with White Lion Capital but am guessing with only a 5% discount the shares will have to be Registered for draw downs so expect a delay and S1 requirement before they can really access capital. More window dressing
Wait, What new lows, but Anshu said "This Changes Everything, and "Stay Tuned, So Much More To Follow"!
Dusty, it's Thursday which is a normal $XDSL workday for Anshu, Chris and Mark take a look, they've been working hard on that one today - down 30% today at one point and another new 52 week low
Hey Anshu, Chris and Mark
It's 60 days since you told us "This Changes Everything" and 7 days since you said "Stay Tuned. So much more to follow"
Well?????????
Anshu and Chris see their common stock holders as fungible - until that changes we are rudderless
BBD I'm with you, I think the odds of Anshu tossing away BLF were minimal, and at the worst case they paid a fee and issued additional shares to extend the note. For the most part these toxic lenders want vig or discounted shares and not assets. Time will tell but me thinks better times should return as we progress in q3 and q4. They really need to work on communication and execution
Anyone receive TAM mask orders yet?
Many ordered in early April, $VRUS tweets on June 11 that they have masks in US to fulfill orders and on June 24 conference call they confirmed they're fulfilling $VRUS shareholder TAM masks ordered online. Anyone receive them yet or just lip service on the call?
We do know the TAM acquisition Changes Everything and June 24 Pachyderm Labs has so much more to follow
simply pointing out he's paid well at both gigs, both are down 90% this year and he earned a substantial stake in both companies as shareholders lost hugely.
Doom, he makes $350k plus allowances and bonuses at $VRUS and he makes $250k plus allowances and bonuses at $XDSL both down about 90% in the last 52 weeks. He's consistent
there has been a common denominator in $VRUS and $XDSL - it's Convertible notes and the hammering by PAUL, OTCX and CGFN.
I would bet dollars to donuts that Anshu and Chris offered the pending VRUS note holders a chunk of shares for penalty and interest payments so they don't have to suffer the full dilution payoff and can manage with cashflow or other payoff.
Clearly they've lost shareholder support
I would bet CFGN handling a paydown for the noteholders. It would be easier for Anshu and Chris to negotiate with the July 1 noteholders if they pre-paid penalties and interest owed in shares - the noteholder would be far more agreeable to an extension or delay in principal payment.
Coach, spot on! I'm guessing you didn't get your TAM masks yet either. We can have two counts going now, they day we ordered from TAM - I ordered and paid on April 3, and the second count period should start last week when Anshu confirmed he had masks in the US and was shipping to the previously unfulfilled TAM orders.
"This Changes Everything"
thank the lord we had news today, where'd we be without the news?
#TheLongRoadBack
Really expected Anshu to announce buying a spray paint company based in CHAZ - graffiti and wall art up globally and we know he seizes on pocket opportunity!
Anshu's lack of contrition last night resonates with investors. Will take more than 24 hours and a CBD announcement to start a sustainable credibility recovery. Hoping Q3 & Q4 are as projected and we have a good end to this abominable year as a VRUS shareholder.
CFGN probably executing sells for the two private investors that bought 100,000,000 from Garnock two weeks ago at 0.002 Nice quick return for them. Question is whether Garnock is back to being a holder or continues as a disposer!
Company needs to execute and string together progress to regain investor confidence
still can't follow through - two days ago they said - A live and archived webcast of the conference call will be accessible on the "Investor Relations" section of the Company's website at www.verusfoods.com. To access the live webcast, please log in 15 minutes prior to the start of the call to download and install any necessary audio software.
No LIVE link available anywhere on their website
Bud, Anshu and Chris have engaged an AI Chat-bot to respond to questions
Majk I have more accounts than Anshu has Happy Shareholders! ;0
Will Anshu write the final chapter of his upcoming book tonight on the CC? Book titled "How To Wipe Out Shareholder Confidence in 90 days"
Arizona, Garnock sold 25,000,000 at .005 a few weeks ago and filed his FORM 4 and then about a week ago he filed a 13d that he'd sold a further 100,000,000 at .002 in a private transaction. Both reports filed with securities regulators
word around the water cooler is that Anshu and Chris both feel nauseous today and Mark may conduct the CC by himself