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#CrisisOfConfidence
Anshu and Chris they say cream and turds float to the top, which one is $VRUS? CC going to be a defining moment?
Coach CFGN is low offer on Anshu and Chri's other boondoggle $XDSL. Maybe someone - a convertible noteholder or ther - is looking to take him out with both deals.
Hope Jimmy "Wheels" Wheeler can start selling candy faster than Anshu is giving himself candy warrants!
Is it time to reverse the stock? it needs recapitalizing with all the debt in default and convertible notes eliminated and a working capital infusion. Time to bite the bullet and re-start afresh?
Agreed
looked like they made interest payments on accrued interest in shares. Isn't there still $900,000 in convertible notes (outstanding principal) due July 1, 2020?
#DefundAnshu
#VerusShareholdersMatter
"THIS CHANGES EVERYTHING!"
Garnock will not be breaking bread with Anshu and Chris this Holiday Season :(
more sales to come
they are Due July 1st and if not paid, must be re-negotiated to satisfy the noteholder or could declared in default which would have a a cascading effect on other debt and bank lines .... the term of the .10 conversion said subject to adjustment!
there's another $900k of convertible notes due July 1st
private transaction so will have to be transferred from Garnock account to investor account via broker transfer not through simple open market trade. Some lag but someone (or at least two) will have a boat load of free trading shares at .002 very soon
in the 13d filing and on the Form 4 both filed today
Garnock sold 100 million at .002? He must really want out and had enuff. Are the two private buyers going to try to spin the .002 and sell at .004 to make 100%.
Anshu and Chris file the financials so we can get a current snapshot to consider buy, hold or sell
An EIDL is a loan of up to $2 million (though the New York Times reported that the SBA is unofficially capping the amount at $150,000 due to the high volume of applications it has received)
Did $VRUS find a way to pay off the $900,000 in convertible notes (terms subject to adjustment) that are due July 1?
Still no response and no masks received for my order placed and paid the beginning of April. Great service
Still excited to find out how buying a t-shirt manufacturer in the Philippines for $100k with import and export restrictions prohibiting international business was the driver for "This Changes Everything"
10Q-NT extension. Again we wait
In light of COVID-19 and the pandemic $VRUS management will continue their social distancing from shareholders and only accept written questions in advance of the quarterly conference call so they can selectively choose what to respond to
Do we see an NT filing tonight or another FORM 4?
Coach, if we do get another Form 4 filing for Garnock and more sales - not just the clean up of the botched fling last week - then the real question will be whether he's unloading all his shares or just really pissed off - like most of us - at Anshu, Chris, and Mark.
April 3, 2020 - "This Changes Everything" Stock down 80% since that statement
Another convertible note? Wait, what??? Record revenue and earnings and they're taking small bites with toxic convertible notes? The emperor has no clothes
Something is just not right. Anshu and Chris run two public companies $VRUS and $XDSL. The latter just reported record revenue and earnings, and is trading at 52 week low and they just announced last night another convertible debt financing. Can't they do anything other than convertible notes?
They were in NYC last fall at NIBA and then in LA at LD Micro pitching investors for a conventional financing but never completed it.
Stock price trend in both suggest lost credibility. What a shame.
Oh and I'm still waiting on my n95 masks ordered from TAM in early April!
easyme, he filed an SEC Form 4 on Friday night that he sold 23 million shares late last week. He has to report trades within 4 trading days. He sold 23 million shares!
Is Garnock's selling a message to Anshu and Chris to get their act together or has he lost faith and more selling to come from him?
read the full agreement 'subject to adjustment". Don't they also have a lien on key assets and divisions of the company so if the company is in default, and doesn't pay to the timing and liking of the holder they can SQUEEEEEZE Anshu! We all know how note holders like to be paid or else!
What is it almost $3 million in total debt still to be dealt with? They'll need working capital on top of that too
Polebarn, did they resolve the $900k convertible notes that are due the end of the month? if not we've got 100's of million more dilution shares coming
hopefully that will occur if they
- post a solid quarter,
- handle the conference call and questions well,
- have a favorable solution to address the $900k convertible notes due in 3 weeks,
- and have a non or minimal dilution solution to get working capital to fund existing businesses.
Anshu and Chris driving $VRUS and $XDSL into the ground. Change my mind
Coach, don't forget the number of days that Anshu and Chris decided to Sicial Distance from shareholders - Pitiful
BREAKING NEWS: Due to the Covid19 Pandemic Anshu and Chris will not be hosting the regular quarterly conference call. They said they will continue to observe social distancing from $VRUS shareholders
DRspin, as an encore Anshu and Chris are doing it to $XDSL too
Hey Anshu and Chris #VerusShareholdersMatter
Anshu and Chris in "Fat City" with at least two jobs
Anshu gets a $350K base salary plus cash and stock bonuses at $VRUS and a $275K base salary with cash and stock bonuses at $XDSL. The Board's gave him warrants to buy 20% (465,000,000 shares) of $VRUS outstanding and he got a similar deal at $XDSL for 80% (about 40 million shares).
Oh and both companies are down between 70-80% year-to-date.
#WayToGoAnshu
Anshu's new book coming out very soon, "How to kill shareholders" with $VRUS and $XDSL as case studies!