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As I read through the CC transcript, it seems so business as usual. Anshu says he doesn’t trade stocks or pay attention to it. That’s a real problem, when your running a publicly traded company and take money from investors. Maybe he should hire or employ a consultant who does. If there was someone focused on how to get the biggest impact on the share price from news we wouldn’t be releasing OTC news after hours, when the stocks don’t trade. That’s the most bone-headed thing I’ve ever heard. Yes, big board stocks release news pre-market or after hours, but that’s because the Nasdaq and NYSE halt the trading of a security when they release news during the day, and those stocks are available to be traded pre-mkt and after hours. In fact the biggest runs typically occur outside of normal trading hours, when there are no halts and less traders. But back to my point of larger index stocks releasing news, the stock can still react to news and usually do. The OTC has no trading outside of normal hours so after hours release does nothing for the share price. OTC news should be released pre-market and/or as close to the opening bell as possible. There are also no halts in the OTC for news or volatility, so Anshu’s reasoning for doin mg it this way is flawed. IMO
If Anshu doesn’t understand these things, then someone around him needs to...that’s the point I’m making here. Little things can go a long way towards share price impact, without breaking any rules.
Now would be an ideal time to pay off the note and PR the retirement of the shares authorized as collateral. And none of this is illegal or pumping, it’s just common sense to release news into the market at optimal times, so the market has ample time to decipher the news and react. This is very simple, very basic stuff.
$VRUS
Lol...times are tough, we had to cut costs. Sorry D&O, but we’re gonna have to cut back on moderators, lol (if only)
I don’t know why you think it would be odd. It could possibly be wrong, I simply googled to see what the float was showing as and that’s what came up first. If it was wrong, then then I have no problem correcting that. It’s why I always link the source. The true float has always been somewhat of a guess. To be honest, I didn’t realize the OTC had the float listed. I’ll agree with what the OTC says $1.4B, which is still a huge increase over what it was. The point of my post is still accurate, Yahoo just has an inflated number listed for the float.
I have been holding for a very long time. I have more than paid for the right to call sh*t out. I don’t have ulterior motives, I just don’t like what this has become. I don’t mean to post negatively, but I post honest sentiment and I always have. GLTY
Yahoo Finance is now reporting the Float to be 1.94B. That’s a drastic increase from the roughly 600m-800m that we enjoyed up until a few months ago. There are just too many shares that flooded the market all at once.
Mark always says the same thing. That’s just the company line. There is no way any of this should be considered “normal,” though it may be the new “normal.” This has become a highly liquid stock, fairly recently, which an elegant way of saying we have huge float. Most of the shares were locked up until very recently. That’s no longer the case.
Yahoo Finance VRUS Link
He is doing nothing to help the share price. I have gone from one of the biggest defenders of Anshu and this company, to officially hating this investment. I think Anshu is in over his head with 2 company’s and its showing. It was one thing when he was the big dog on the block, but now he’s sold his soul to so many different lenders and made so many promises that even he can’t remember them. I’m not sure he can keep track of which notes belong to who at this point. I will give them 2 days to show me that they are still fighting for us and not just making wishes with dreams. If those those notes convert, or we hear nothing (which is what I predict will happen)...I’ll be out with a fury. -C
$VRUS - hope is the only strategy we have left, and that’s not a good one
I don’t understand why AG wasn’t part of Pachyderm. Now we are competing directly with our lead investor. Just fking dumb. AG was apparently not even consulted on this. It’s like they are intentionally trying to sink the share price by doing everything that you shouldn’t do. IDK, but this is starting to feel like a distraction and deflect strategy. They keep dangling new opportunities to distract us from the real problems, meanwhile big money is vacating
What was said about paying off the notes in July? I didn’t get to listen in...
I’ve refreshed the EDGAR page about 150 times today...anyone else?
I hope so! I’m not gonna lie, I’m nervous on this one. I’m really just hoping they get it filed today. I’m still here, just clenched with fingers, toes, arms, legs crossed!
$VRUS - no more 11th hour BS going forward!! Let’s move!!!
I have asked Mark about the Verus/ZC Top Relationship and he doesn’t know. My question was, since Verus purchased 51% of TAM, does Verus report 100% of the TAM revenues on its book, or are their 2 separate books with a % split (doubtful), or does Verus only report the Verus Cares Revenue on its books. He wasn’t sure, but added it to the questions to be addressed on the CC. This makes me nervous, because there is no mention of Verus from Ian Ron and no information sharing between Verus and Ian Ron’s activities that he posts on FB.
This is highly important and needs to be answered. Because, if Verus is claiming revenues from the Phillipines, then business is booming and we need to get updates...If Verus is not getting those revenues, then Verus Cares is a start-up business and they paid $100k for the design rights to make ppe and had to source their own mfg and orders. ?? I hope we are getting credit for all of that Phillipines business!!! - that will be a catalyst that is being ignored right now!
Disclaimer -My sentiment is neutral at this point. I have been a huge believer and supporter of Verus, but I have scaled that back in light of the recent stock performance and lack of leadership from Anshu. I feel like he’s hiding. If they change the format of the CC to where we can’t ask live questions, then, that’ll be my answer and I’m gone. He is probably going to get crucified on this call, but he needs to stand before us all and answer questions about the performance of the company and the stock price. He’s always wanted to be the CEO of a publicly traded company, we’ll here it is in all its glory. In light of all that has transpired, I honestly
believe, Anshu is probably best suited in the private sector, running a private company and just growing and generating revenues. He great at business deals and generating revenues. Not great at communicating or sharing information with shareholders. These are just my current opinions and observations, which I can and will change one way or the other based on what happens next. GLTA
$VRUS
I 100% agree and I’ve been saying this for weeks. This in the range of where I purchased my very first RBIZ Shares. I’m still green, but it’s moot at this point. This needs to stop. Anshu needs to be a leader and lead from a place of confidence. He needs to stop hiding and become a public figure. Shareholders are very reasonable when they have hope and feel like the company has their best interest at heart. I always felt that way until recently. I told Mark they need to respond NOW or risk losing the long shareholder base that has been so passionate since the beginning. The same ones that are getting screwed over right now.
Anshu, own your mistakes and stand up and correct them. Don’t hide like a coward. Go to the source of the selling and negotiate like a leader does. - alright, off my soap box!
$VRUS
I gotcha...no offense taken and I apologize if misread or misunderstood your post. I didn’t mean any offense either. I had a backyard full of rugrats when I read it. In any case I was just speculating and throwing out an idea of why he might. I really don’t think it’s him. I personally, think the selling is all noteholder related. Clearly other notes converted that we were not told about.
He can sell them...all of those shares were not acquired from convertible notes. He purchased them directly from the company in private placement and they have been registered per the S-1 and POS AM. Again, I’m not saying he will or is. I hope he isn’t selling, but he is a shareholder the same as you and me.
I’m not sure he is. I’m not saying that. I’m not sure who owns the notes that converted. The ones they told us about vs the ones listed in the POS AM are different. I don’t know who owns which notes.
I’m not convinced he’s the one selling, though I wouldn’t blame him if he did. He could sell 250M current shares for .005 and take the proceeds to purchase his 500M warrants basically for free. Sell half as many for twice as much and end up with more shares. I’m not sure what his share count is, but maybe he’s at his 10% and wants to financially benefit fully, without leaving anything on the table. So in that case, he would sell shares and profit anything above .0025 and then execute his warrants. I’m not saying that’s happening, but it would make sense and if that’s the case, then it’s on the company for making a bad deal. Maybe they should just let him own more than 10%. But if they gave him access to more shares than what he could actually purchase, then that may be why he gifted some and if he is selling, that may be the motive. Again I’m just speculating here. Either way this all falls back on mgmt. They are allowing this to happen either from past or current mistakes, but in my experience, you make deals and negotiate through problems, especially with people who you take money from.
In the end, the borrower is always slave to the lender and this is a perfect reminder of that. This will be my last “investment” in an OTC. I may trade them from time to time, but I’ve learned my lesson here. My sentiment on the business is still good, but I don’t like what I see in the pps. -C
$VRUS
A very large note converted in April and a smaller one in May...that we know of. 106 million shares converted which is no doubt the source of the selling, mixed in with some large retail positions being vacated. I for one never thought I would see this day. It’s disappointing for sure. All the good that is the company and the business is over shadowed by a very poor performing stock. I also don’t like the lack of leadership during this time. It’s been duck and hide, rather than stand up, own it, and weather the storm with us.
It seems the notes that converted were bigger than we first thought, at least than I thought. Go back and read the POS AM. There are lots of details in that form.
In January 2020, the Company issued an aggregate of 13,098,141 shares of Common Stock upon the conversion of outstanding convertible notes.
In April 2020, the Company issued an aggregate of 98,388,198 shares of Common Stock upon the conversion of outstanding convertible notes.
In May 2020, the Company issued 8,086,253 shares of Common Stock upon the conversion of an outstanding convertible note.
119,572,592 shares converted
Lol...so true!
I think Mphase and Verus will eventually merge and become 1 company. I think that’s the late stage M/A he keeps referring to, but that’s just my thought. I think he treats Verus very different than Mphase. Verus is his baby that he’s going to grow into his $1 Billion company. Beyond a feeling or two, I have nothing to add as we are in a channel that no one can explain except the ones selling, which we will likely never be told. -C
$VRUS
You’re probably correct, in that most are lenders are probably legitimate investors or firms... but in this instance, this toxic lender is also a toxic trader. The absolute worst of the worst. I don’t know if it’s illegal, but it should be
I’m obviously not a toxic trader. I just happened to watch this very same lender, Eagle Equities, LLC, do this same thing to another ticker I was in a few years ago. Had I realized which note it was, I may have bailed before this happened. I just never thought they would take it this far. I could be wrong on their actual tactic, Is say naked shorting, this but they were relentless in ENDV, stopping every run short and tanking the price. It’s no coincidence that it’s the same converting note holder tanking the share price once again.
It’s Eagle Equities, LLC (not Inc.)
New Haven, Ct
Yakov D Borenstein signed the notes under the title Manager
I’ve found a few different physical addresses in New Haven, CT. There is no website that I could find
Company Name EAGLE EQUITIES, LLC
Date of Incorporation Jul 05, 2016
Record Status Active
Citizenship/State Inc: Foreign / NV
Latest Report REPORT (2019)
Business Address 390 WHALLEY AVE, NEW HAVEN, CT 06511
Mailing Address 390 WHALLEY AVE, NEW HAVEN, CT 06511
Agent Name SANDMAN LAW GROUP, LLC
Agent Business Address 123 YORK STREET, SUITE 2B, NEW HAVEN, CT 06511
updated on 2019-05-19
Principals Details (1)
Name / Title Business Address
BIRD GROUP LLC MEMBER 91 SHELTON AVENUE, SUITE 107, NEW HAVEN, CT 06511
Secondary description
Eagle Equities Llc is registered with the U.S. Security and Exchange Commission and incorporated in the state of Nevada. For financial reporting, their fiscal year ends on December 31st. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Eagle Equities Llc.
Company Details
IRS Number (EIN) 352553872 ( EIN # 35-2553872)
State of Incorporation NEVADA
Fiscal Year End 12-31
Date of Edgar Filing Update 2016-12-23
Business Address
525 NORTON PKWY
NEW HAVEN CT 06511
Business Phone 646-699-1153
Mailing Address
525 NORTON PKWY
NEW HAVEN
CT
06511
It’s Eagle Equities, LLC. It’s what they do. When they start to convert, they naked short relentlessly and drive the price down with zero regard for the company or any of its shareholders.This is why I’ve been so hard on Anshu. He let them in... he needs to put a stop to it, by going to the source and putting this to bed once and for all.
Eagle has probably been shorting this since around .02, so they are making a killing by driving it lower and lower.
I never said that, but if this was a big board stock (as we have been talking about becoming) and the stock price drops 75% without a word from the CEO, that’s going to raise some eyebrows. I’m not sure he can control what’s happening, but he is the leader of a public company and has a fiduciary responsibility to the shareholders. I am 100% sure he can “care” and talk about it. Why not?
No, the CEO absolutely needs to address a 75% share price drop. Tell us what is going on, be honest. Tell us what your doing about it. Honesty and integrity are what need to be shone to the market right now. Not hype, or business deals, just pure honesty and transparency about what is going on
This is a public company and he needs to lead as such!
I just don’t understand the silence from Anshu. The stock is getting/has gotten destroyed and he sits quietly. SAY SOMETHING!!!
I am, but it’s dwindling
So, would the actual execution of the warrants drop the share price to the warrant execution price while he is executing? I guess what I am asking, is this what pushed the share price down or is it just a coincidence that we’ve landed on the $.006 floor on the day of the filing, which happens to be the warrant execution price?
Nice post Shinook! I think the same way and I respect what you said.I gave you a follow. Have a good weekend!
When warrants are executed, does that effect the share price in the open market? I assumed that would be the equivalent of private placement shares. But it’s weird that we dropped to the warrant execution price...coincidence?
I’m thinking we will hear something from the company after hours today. I hope I’m wrong, but I sent and email to Mark yesterday, asking some very difficult questions and I haven’t gotten a response. Often that happens when the company is going to make the statement, but we’ll see...I hope I’m wrong and they don’t PR something big going into a long weekend. Maybe Mark is just as pissed as we are and doesn’t know what to say.
He usually backs off at the end of the day, about an hour and 15min before close, not that I’ve been watching
Time to bounce! Move your shares off the low end of the ASK, no reason to sell this far below PAUL.
NoMo I can’t PM, but I got your messages. For me everything comes down to intent. I don’t have those answers yet
PAUL backed off
No, the company is not selling directly into the market. They never have
I’m not disagreeing with that. But there are unnatural market forces pulling this down. This is what Eagle does. It’s why the lend convertible notes and why given the opportunity, they immediately started converting
I think Eagle Equities is a habitual naked shorter, who hand out notes with the plan on converting, rather than being paid back. They may be the definition of a predatory lender. I think Eagle has been building a huge short position for a very long time and when the notes convert, they use the selling pressure to drive the price down, getting payed on both ends. It’s 2 very obvious MMs involved, OTCX and PAUL. Crazy scheming goes on in the OTC. They think no is watching
OTCX and PAUL are tag teaming this. I’ve been watching this happen for a couple weeks now. OTCX is OTC Markets Group, the company that operates the OTC. How is this not a conflict of interest? I am starting to see the problem here. I guess the house always ensures the win...I’m sure they probably have a back room where they count all the short money they stole from investors on the day and where they make under the table deals with large investors and brokers to move the price in a certain direction...if anyone is shorting, I would look there first...crooks!
Messy arrangements, that are complex and hard to understand, are often deceptive. Simple arrangements are clean and equal for all involved, which is why markets aren’t simple buy/sell exchanges. The house would have no advantage in that scenario.
I’m sorry, ST, I hate to hear that. I was not in Mphase, I only looked into it at the time of the RS to see what all took place. That’s terrible and if all of this is true, then it looks like I’ve put my faith and money in the wrong hands. The more I learn about the market, the more I’m disappointed in people and humanity in general. Every time I read an article now, I can’t help but think about the publishers own position on the stock and that’s the reason for publishing. Some of the biggest publications are the biggest short players in the markets. But the play the position of expert on everything.
I don’t even pretend to have the markets figured out. I know business and building, growing , and running businesses. That’s my area of expertise and experience. That’s why I loved Verus, because I was here from the beginning and watched it grow. I have been struggling with what is going on here over the last month and things seem off. It just doesn’t feel right anymore and I’m not defending anything that has taken place with the stock. If you look back, almost all of my posts are on the business side of Verus and less on the stock side of VRUS. I
Like to buy and hold and trust that good people are doing the right things.
I’ll probably never touch an OTC stock again after this one. I’ll see how this plays out, might as well at this point, but it’s a shame and Anshu needs to make himself public on this one and soon. I’m sure Mark is getting tired of my emails, but I don’t care. I’m going to keep blowing him up until I get answers from Anshu on why the stock has plummeted 75% in 4 weeks. It’s not all noteholder conversion selling.
He’s the CEO of a publicly traded company and he needs to answer these questions. Any Wall Street CEO would be ousted and crucified if the company’s stock sank 75% in 4 weeks and he gave no explanation. He’s not off the hook, just because he runs a company that trades on the OTC.
Speak Anshu, we’re all waiting
That’s not exactly true if your talking about Mphase. Another poster alluded to that as well. I looked into it and the there was an R/S, but it was offset by an A/S reduction, which is respectful to shareholders. I don’t think he is scamming, but I think he needs to step up, be professional, and lead us out of this like the CEO of a Publicly traded company should.