Pressing on
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VRUS is still communicating with regulators, not good, but still...This is part of the FORM 12b-25 from March 18, 2022
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[ ] Yes [X] No
Form 10-K for the fiscal year ended October 31, 2021.
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[ ] Yes [X] No
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. https://www.otcmarkets.com/filing/html?id=15670749&guid=2ZFwkpyatSSVQth
Seems a little desperate to me to have to resort to unsubstantiated rumors, sounds like a group of bitter people have bet on a large short position getting nervous that Citadel is interested in the stock.
that could be what is going on, but it is not really a shell, or we will find out if there are still revenues or not when they file.
New management. Past failures are just that. Past, some choose to live there in bitterness, others move on. Filings should be out tomorrow. This is present and future. Today up strong so far, the closing is present and future.
very thin
Yes, and I am not sure why they are never right. They are not right on Ameritrade either, still a good value imo.
no,, 1.7 billion shares OS last I checked in BRGO, still low market cap or the projected revenue
Your emotions are none of my business, but thanks for sharing your anger, bitterness, and laughs with us. A mood stabilizer might help, consult a professional though.
They have 15 days if I read it right. Filing should be out by the 16th, if not, that is Andy's leadership failure which he has not failed at keeping the company afloat, weathered the lawsuit whether it was bogus or not. He has not been CEO for long. I am willing to wait to see what he has to say.
I would rather read the filing in a week or so with some facts, good or bad, rather than conjecture. Entertaining to read though.
I am not sure where collusion by Andy has ever been suggested except on here, very defamatory in spirit.
A bet is a bet, why would I argue with another gambler, no matter how good a gambler they fancy themselves.
everyone knew revenues would decline, dilution is necessary to keep the company going until higher margin products are sold, the lawsuit was intended to cripple and ruin the company, but it is still standing. Anyone can read the safe harbor statements that vrus not being able to stay afloat was always a question. The company is still operating, so we will just have to wait for the filing. I am sure there is something for everyone to grab on to, to fit their particular narrative. So far Andy is moving in the right direction and doing all the right things to keep the company going imo. This quarter may not be great, but I am interested in what he has to say about future plans. Andy cut the losses drastically, and cut costs. Of course it is a bet. I am sure those who are betting against are shorting it if they are confident the company will go to zero.
Andy is the CEO, he inherited a mess and has cleaned up the financials, he said he had not anticipated the lawsuits, he has also not been making public comments and will let the filings speak for themselves. It will be interesting to see what they say. It looks like pps is rebounding some in anticipation that some believe he is getting the ship on course. 50 million shares is small for an otc stock with revenues and current. Some want to live in the past, others are looking forward.
37 million outstanding shares now with a market cap of 316k, if Andy is not accompishing things behind the scenes with all this dilution, it might get uglier, but I understand not revealing plans publicly since the lawsuit was about revealing plans and then them never coming to fruition, so better just to report solid results from improved or new business which hopefully he is getting some deals done for higher margin products and increased sales.
It is nice to see such unbiased good samaritans spending their precious time here with no ulteriour motives, it brings me great peace. The next share structure update will bring more info to those of us who do not have access to the same info as others. It is hard to understand how that manipulation works if it is dilution that caused a 200+ % pps increase in one day, but I know it happens, and it must be nice to be able to have the power to do it, and really nice if it is legal.
Berge acknowledged there would be dilution to make these deals happen also, so it is no surprise or shouldn't be. I agree the share structure should be updated more timely which is not very professional and does seem intentional, but the revenue growth is pretty impressive that would be hard to argue against.
Hard to see the lawsuit being dismissed as anything but postive for VRUS. In his last update the CEO said it was what he had not anticipated and any prearranged M&A was put on hold. Now we will see if he can roll it out. Which if it is prearranged, it should not take long to announce it now.
“I had a very well-defined road map to return this company to health and to regain a significant amount of shareholder value. That plan included stabilizing the debt, rationalizing current costs and future commitments by rightsizing the operations, and adding new high margin product lines, with a fourth stage to include some pre-arranged M&A. I have largely completed the first three of these action items as I enter month five of my plan.”
“Turnarounds are hard work and I have been successful in reducing and pushing out some of our debt obligations far enough to give us some breathing room, but the job isn’t over yet. I started this process with a well-established distribution network and expertise in high-margin CBD products already in hand, so I had visibility on the kind of growth trajectory I could achieve by leveraging those two key categories.”
“What I did not anticipate, just two months into my tenure, was the filing of shake down lawsuits, which have been accompanied by a drumbeat of more than 50 negative press releases in the last two months. Those of you who know how this game is played understand these short-seller-style tactics, but it is nonetheless disconcerting to investors and partners to be subjected to this kind of unrelenting attack. The sad irony for Verus is that these copycat lawsuits have hurt existing shareholders significantly by delaying our pre-arranged M&A track into the future.”
Do you have knowledge their revenues are suspect, you opined that.
You could be right, so if the company is bankrupt as you claim, there is not much hope for the plaintiffs in the pending case unless it comes out of Anshu's pocket and if it was all a fraud he committed that is where it should come from. I think it is a possibility the shares are connected to the settlement talks which it is interesting the plaintiffs did not file their amended complaint on time. We will see soon enough I guess. Some predicted we would be much lower than this by now, so there seems to be some staying power in the 2-3 cent range. It would be nice to see some insider buying, but not til the lawsuit is settled or dismissed that would not seem wise.
4 million shares added to OS over the last few weeks, not sure if it is for operating expenses or to do with settlement. https://www.otcmarkets.com/stock/VRUS/security
As compared to other OTC stock, how is a company that is current and has revenues in the millions a failure, I would say that is a rarity in the OTC. No one is forced to invest in VRUS and the challenges are many. VRUS is under new management and he has taken some good steps, he just has to wait til the lawsuit is resolved to proceed with future plans.
What great payouts from otc companies in history are you referring to?
The lawyers will work it out so they get paid quickly. They will be the only ones that get anything substantial, except a hollow victory if not dismissed. The former CEO is the only one with assets and they are likely protected or hidden by now.
I guess the manipulators are on guard in the otc these days. This one is ripe for manipulation (up or down, but I would think up would be easier at these levels) with not many shares in issuance, but I think manipulators are scared these days with the regulators cracking down on reporting, not too many otc stocks who are current and have revenues, like this one. If we can get this lawsuit settled or dismissed, we might have something here. I think it is hard to judge any stock as fraudulent during covid, business plans everywhere were affected. Just my opinion, not worth much, but as much as any other on here. Only time will tell.
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[ ] Yes [X] No
When is a stock up %50 bad news? When someone is shorting it or someone wants to see it fail.
If it is such a great deal, there are 250,000,000 shares at the bargain price of $100,000, I took my losses the other day, but that may be a good sign for you, since I have been known to sell before a pump and dump, but not sure with 9 billion shares and no known revenues how they could do it again, but anything is possible, even if they get current, I doubt there is any revenue, not sure that was ever the intent. Sleep well Charlie, if there is no justice in the end, eat, drink and be merry which I kind of figure you have lived large off this scam. I made some, but wish I would have never invested some of the profits back. This was a classic up to .004, but it was always a pipe dream.
Plenty of lawyers though.
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
We previously communicated that ahead of the regulatory enforcement date, we will only accept orders to liquidate impacted positions (i.e. no new buy orders) starting August 13, 2021. With the fluid nature of the situation and to better align our efforts across the combined company, we have adjusted the date for restricting the securities to on or after September 3, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
What this means for your account(s).
You are receiving this notification because you currently hold one or more of the potentially impacted securities in your account. There is a chance that the impacted companies could come into compliance with the regulatory requirements ahead of this date and be removed from the list. For a current list of all securities (which is subject to change), please visit
What is amazing is that it is not no bid already which makes one think someone knows something, but it is sure not me. I believe he is in contact with some who get information, but there is no way that run up to .004 was legitimate, and who would have bought all the way down to here if they did not expect something in return. We are either going to get some news, another manipulated spike, or no bid. I really hope it is one of the first two options, but there is no reason to believe either should come, unless someone is controlling the bulk of the shares for one of those purposes. Otherwise we are holding worthless shares which is ok, we deserve it, and CEO Charles will have to live with his conscience if he has one which I am skeptical, but hey there is none good.
I believe the CEO is a realtor, I would not recommend buying a house from him based on his performance here.
Hope springs eternal.
Even the crazy train has stopped tooting NUUUs horn of filings being dropped any day now. That will be the miracle.
well I check it everyday for a miracle, but that is about the only hope. I am surprised more people are not crying foul with all the shares sold over the last few months at much higher pps. That seems odd to me, but I am riding it down also, probably not wise. Some of the otc whales who likely get inside information have left, so they likely know the jig is up and probably worried their trades will be reviewed and the CEO probably needs booze or drugs to sleep, but I doubt anyone will get in trouble for ill gotten gain, somewhere down the line justice is served.
I knew it was a gamble, I only regret I made it too large a gamble, but live and learn. Yes we should have known better.
You are preaching to the choir. I just wonder who has bought all those shares. but yes it is looking like we need a miracle. We got scammed it appears, and that is nothing new in pennyland.
Got this message yesterday. Also there may be something to the OTC being overwhelmed with companies trying to get current. However I am assuming this was a big mistake.
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
We previously communicated that ahead of the regulatory enforcement date, we will only accept orders to liquidate impacted positions (i.e. no new buy orders) starting August 13, 2021. With the fluid nature of the situation and to better align our efforts across the combined company, we have adjusted the date for restricting the securities to on or after September 3, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
i hope you are right,but no reason to believe you are'
That does not even make sense, no one has to hide anything that is legal.