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Our sentiment was it was very much a "wait and see" set of results. Some legacy drag in there, so need to see what the next set of results look like.
Will hold.
Not really, if you just employ EDD, then this should fit into the growth category of your portfolio, depending on your risk appetite.
View is seeing whether they are coming up with tangible results.
Certainly it's in an area with plenty of focus.
We own just over 50,000 shares as a result of the RBIZ spin off.
An investor will always have some plays that aren't profitable, that's why diversification is important. We wrote off this latest investment in VRUS a long time ago and since then have focus on the resurgence of EM ex US. 2021 has been a stellar year surpassing 2020.
Generally it doesn't work like that. Once burnt, generally move on to other things.
Sorry, can you repeat that coherently please?
Registered in what respect?
Disagree. I know what SWF due to what I do.
There is just very little tangible fundamentals for VRUS that would make it appealing.
Therefore I feel its priced where it should be.
Jumping in here. The lawsuit is immaterial and we see very little upside on VRUS.
"Financing is out there, huge amounts of foreign money will come the the US markets. They have ties to the middle east etc, huge sovereign funds over there. Collapse of oil etc will funnel mega money into the US markets. OTC markets are so ripe for plunder. Just ranting okie dokie" I am not sure on your basis for this view?
To bring confidence it would be good to see some insider buying from the CEO's 300,000USD annual salary.
Just be careful, as you said there are significant outflows out of OTC names recently and some haven't liquidated their positions yet.
In this region, there are various factors affecting the appetite of OTC names including SEC Rule 15c2-11. The ability to invest or trade in some OTC securities has declined and some have closed or flipped their positions.
Andy is the CEO of VRUS (allegdly)
Joe,
It would appear so. All indicators from my perspective point towards VRUS becoming defunct sooner rather than later.
If you are an investor, you should avoid but as some suggest, if you are trading there could still be an opportunity to make some "pocket money"
Hey,
Yes agree. With the right tools in place you can easily identify swing or spread trades if the volume is there.
This token position on VRUS is effectively worthless now. So while overall on VRUS/RBIZ PnL was good, this made a small dent in that.
We are now focused around APAC Multi Strat opportunities based in a entry 250,000 USD position.
Also, we tend to use other platforms as well, but occasionally I look to see if any interesting posts, but looks like it's died.
I wish you all the best, be safe and good PnL.
Crozz, revisiting this post. I would be cautious around VRUS being a going concerned in the next 10-11 months.
Good to see you again. I hope you are well.
Yes, it was fairly obvious the trajectory VRUS was going to take and a lot that "promoted" the name got caught the wrong way.
I still think VRUS as we know it, will cease to exist within 11 months.
Hmm, I disagree. If you look at Anshu, Andy and even Chris's background and experience, I can't believe some or even all of the sequences that happened. So very quickly we determined there was too many red flags appear, hence the pull back on VRUS.
I don't see anything different at present. Look at the evidence, it's not rocket science, purely research and analysis.
Earlier in RBIZ/VRUS days we did some EDD and on the back of that, it appeared to be legitimate.
VRUS has always been discussed more away from here, especially in Asia, so you won't have much to moderate I am afriad
From a global perspective its very good. Trying to bring back and sense of normality but some of the damage done previously will take years to fix, if at all.
Yes Trump did lose, but no VRUS is likely not going anywhere.
See 8th Sep.
Charlye, look at the prints, nothing to get excited about.
And other markets are also similar, such and the GEM on HKEX.
Yes, it will be interesting to see how it pans out. I am out at present and focusing my energies on other areas.
So how do you think the new rule is going to affect you regarding VRUS and the other OTC names you are/have been in?
Yes, that was clear from the start. Nothing has been surprising including the current valuation.
I still stand by I feel VRUS will cease to exist in current form within the next 12 months.
Yes, that has been widely known for sometime. This will affect MM's, and in turn affect other places you may hold or execute with.
Agreed Scott. Quite perceptive.
That slipped past us. But yes your comments are correct.
It could be argued that he focused on revenue to reward himself.
Agreed. This is why most investors started pulling out more than a year ago. If you look at the timelines since Anshu joined, how many announcements actually came to fruition?
That's where the red flags started to appear. It was several years ago he started mentioning about 50 million a year revenue.
When doing DD, you can accept a couple of failed ventures or unrealised statements, but if you check, nearly all didn't happen.
And that is the basis of the current litigation I believe. So what is the value or upside of VRUS, even at this time? That is debatable.
And remember AB is still Chairman...
Care to elaborate/quantify in what respect VRUS was s****ed on by "everyone". The market and sentiment dictates the share price and some would argue it was VRUS and Management s****ed on everyone.
Agreed, very good points.
What I forsee is a name change or buyout. Then a Increase in revenues to magically reappear.
Hi,
A member of our investment community pointed it out to me. But you should be able to verify from the usual sources.
Keep safe
Checked in and see another record low. Also, has the O/S increased by 2 million.
Appears investor sentiment sees very little value in VRUS.
Good to see you again! It's as expected.
Z,
There is a possible strat at play here which I have seen before, especially on the HK indices. Will keep a glancing look to see if that transpires.
However, saying MPhase is on the right track? It's still down over 50% from its R/S price, which is pretty similar. So in terms of PPS, neither is outperforming.
I think they will rotate the MENA customers elsewhere and not on VRUS's books, hence you are and will see a pull back in revenues.
AB will drive that as there hasn't been any value for the stock.