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Verus's annual freight expense on goods shipped has proved a decent indicator of future revenue.
2018 — $162,190
2019 — $562,959
2020 Q1 alone was $250,853.
3.4M buy T-trade... Twice as many buys as sells...
https://investorshub.advfn.com/uimage/uploads/2020/5/4/ubmygScreen_Shot_2020-05-04_at_2.48.46_PM.png
Philippines Population DD: The GDP is not huge -- $360 billion (USD), 59th in the world. But the population is massive -- 109.5 million people. 13th largest in the world.
Chart here:
https://www.worldometers.info/world-population/population-by-country/
Verus's Friday tweet now making a lot more sense:
"TAM is currently working exclusively on domestic production of consumer-style masks to meet the Philippines mandate that all citizens must war masks in public.
"Domestic Philippine demand is proving to be more significant than expected as TAM is the largest producer in the country."
TAM - "Anticipated closing date is by May 8."
http://ih.advfn.com/stock-market/USOTC/verus-qb-VRUS/stock-news/82370903/current-report-filing-8-k
Don't forget, Euler Hermes gives Verus accounts receivable insurance:
August 26, 2019 19:07 ET | Source: Verus International, Inc.
Gaithersburg, MD, Aug. 26, 2019 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB:VRUS) is pleased to announce that it has procured $13.5 million in credit insurance from Euler Hermes, the global leader in trade credit insurance, surety, and related risk services. This new agreement will cover both international and domestic business.
Credit insurance coverage protects businesses from non-payment of commercial debt and removes a key element of trade risk by guaranteeing that all qualified invoices are paid. This policy will provide multiple benefits by protecting Verus and its vendors from the possibility of non-payment by end customers; while also giving Verus the ability to extend credit to current accounts and pursue new, larger customers. This type of insurance is a particularly important competitive advantage for exporters who cross international borders as part of their supply agreements.
“Euler Hermes has been in business for more than 100 years and operates in 56 countries, so credit insurance bearing their name carries enormous weight with suppliers throughout the world,” explained CEO Anshu Bhatnagar. “Qualifying for this insurance is a vote of confidence in the quality of our sales relationships, but there is a major secondary benefit that we will see down the road. Trade insurance guarantees that we will be paid, so eliminating default risk will greatly enhance our standing with commercial lenders, enabling us to expand our sources of commercial credit.”
Looks like a lot of good news coming from Verus Cares division soon. Starting with that $820k gown order already paid in full and shipping next week.
Production also set up for Vietnam with starting orders and shipping samples next week.
I'm sticking with the revenue growth, which is still a stand-out among other OTC plays. As long as Verus keeps delivering increases like the chart below, PPS will follow.
https://investorshub.advfn.com/uimage/uploads/2020/5/1/cgotrScreen_Shot_2020-05-01_at_7.15.21_AM.png
Not defending the comp. Although worth understanding CEO's comp inc. change to a warrant to buy shares at $2.8M. Would have been strategically smarter to defer it and show some profit, but Middle East wholesale biz is rock solid, gummies are still great and baseball and stores will reopen before too long, and PPE play shouldn't have much trouble delivering more orders with global demand at all-time high.
Onwards.
Anyone see Monaker's filing today? They're suing software company IDS for fraud after they failed to deliver working IP for the Monaker online travel website. Paid them $4.9 million in shares. Now trying to claw it back. Monaker still thinks launching a travel booking site this summer is a winner...
Hopefully. Quicker we rip off the band-aid, the better.
Have to agree. So far today: Buying 18M, Selling 17M
Long-term sentiment slightly outpacing combo of short-term bedwetting and PAUL.
Lil BD – T trade today was 1.8M share buy at .14.
CEO stock comp revised and capped, Good.
Neustar is a huge $1.2B company with 2000 employees. Totally understandable McGowan accepted fulll-time offer from company he was consultant with. Disappointing but let's see what the replacement looks like.
Highest Q revenue yet for Verus dropping today, which will make it a $30M market cap company with a +$20M TTM...
You called it, Lil BD. T trade for 1.83M at .0143.
Bang on.
Lil BD Tuesday, 04/28/20 03:20:48 PM
Re: None 0
Post #
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of 152800
Guesses on the after close late prints that PAUL and OTCX have been working again today?
My guess 1.5 - 2.5 million in late prints -- which are simply marking to the account they were running orders for through the day on a not held basis.
Verus Cares: a few thoughts: Rhyno, been musing on that myself.
With no more Nutribrands to allow Verus to get into nutraceuticals/supplements, the Verus Cares umbrella could well offer another pathway to exploiting the nano tech at Garnock’s Disruption Labs,
Nano supplement/energy/health products will become widespread with the roll-out of bio-data smart sensors in Apple watches and phones, etc. Apple already has the tech as I've posted about before so it is coming over next few years. And demand will only increase for nanofied health products in a post-pandemic world.
"Will Verus Cares division encompass health products and supplements as part of the master plan?" is a really good question for the conference call.
PR! Q1 CONFERENCE CALL set for this Wednesday.
Gaithersburg, MD, Apr 27, 2020 (GLOBE NEWSWIRE via COMTEX) -- Gaithersburg, MD, April 27, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. ("Verus" or the "Company") (OTCQB: VRUS) will conduct its first quarter fiscal 2020 financial results and corporate update conference call on Wednesday, April 29, 2020 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time).
The Company will release its first quarter fiscal 2020 financial results prior to the call. During the call, management will cover a number of topics, including the following:
Analysis of the Q1 Fiscal 2020 results;
Details covering the expansion plan for the new Verus Cares division; and
Growth initiatives across all product lines for the remainder of 2020
To listen to the live conference call, parties should connect approximately 15 minutes prior to the start of the call as follows:
Dial-in number: (877) 589-7304
Please note there is no access code required to join the call.
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.
The SEC have been aggressively and speedily investigating any and all tickers issuing CV-related press releases for two months now.
Verus announced its acquisition of TAM over three weeks ago, so has surely handed over any requested documentation by now, and the SEC can quickly verify those certificates and official RFQs etc.
Praxsyn Corporation (PXYN), for example, had to issue a retraction within 6 days for saying its “press release could give the reader the impression that we had millions of masks on hand. This is not the case.”
And look at the level of the CV companies that did get suspended.
Key Capital Corporation (KCPC) claimed it could develop a COVID-19 vaccine and get it to mass market in 3-6 months. (LOL.)
BioELife Corp., (LITH) announced a supposed new “Coronavirus (COVID-19) Prevention Products Line” and despite being a grey listed empty shell.
Roadman Investments Corp. (RMANF) issued 12 PRs claiming its snake oil -- sorry -- cedar leaf oil was a promising treatment for COVID-19.
Arrayit Corporation (ARYC) claimed it have developed an “approved COVID-19 blood test”, even though it hadn’t filed a substantive disclosure document with the SEC since 2015.
If Verus was really going to be suspended for a CV-related violation, it would surely have happened by now.
https://www.forbes.com/sites/jacobfrenkel/2020/04/21/sec-aggressively-suspends-trading-of-17-covid-19-solutions-suspected-as-fraudulent/#c8922b02f259
Rev increased from Q3 to Q4 by $1.2M almost all on core business to Middle East.
Q1 2.4
Q2 2.9
Q3 3.5
Q4 4.7
At current rate of growth that core figure could well go over $5M.
The wildcard is the BLF rev. Sales on investment are about x7-9 and there was a $500K note for first round of production production. So ~$2M rev of all the candy and ice cream quite possible.
Anyway, just my back of the envelope guesstimates.
All will be revealed.
Place you bets! Revenue guesses for Q1.
Q4 did $4.7M with only 3% from BLF.
My best guess for Q1 is $7-9M, which was all still pre lockdown.
~$5for core business plus all the first round of BLF orders for ice cream and candy.
$7.2M would be 200% YOY.
Love to hear if any has more detailed predictions.
- - - -
DVok731 Friday, 04/24/20 10:58:43 AM
Re: Nestegg McMuffin post# 151483 0
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of 152371
Don't have to reply if you don't want to, Nest, but what are you thinking revs might look like now that Q1 has a healthy mix of all revenue sources involved? I know Q2 will have a majority of what HAS been made by BLF (which I'm sure has been greatly hindered from what it would have been), but thoughts?
Cheapie hunters coming out the woodwork.
Anders Gratte’s career --
"Began at SEB as Director within Merchant Banking IT. After that, Anders founded the company Madeo, which mainly focused on brokering consultants. After running Madeo for 5 years, the company had grown to 2000 consultants and a turnover of $200M. In 2011, ZeroChaos acquired Madeo and Anders took on the role as Managing Director, Europe, at ZeroChaos with the main purpose of continuing the expansion. When Anders left ZeroChaos in 2015, the European division’s sales amounted to approximately SEK $500M."
https://www.brainville.com/Blog/Post?id=236
You're confusing two separate warrants. The first was the $1.25M conversion which ended up being the total he owns now along with the ~20M commons shares he bought with his wife back in 2017.
The second is the outstanding 500M warrant (now 480M)
He also added $500K at market at .012.
In short, Garnock's been invested now for three years and hasn't sold a share.
"Additionally, reference is made to that certain Warrant to Purchase Common Stock, also dated February 8, 2019 (“Warrant”). Pursuant to Section 1(b) of the Warrant, and notwithstanding anything else contained in the Warrant to the contrary, given the right to convert the Note as set forth in this letter agreement at a fixed Conversion Price of $0.0025 per share, the “Exercise Price” (as defined in the Warrant) is hereby set at $0.0025 per share, subject to adjustment as set forth elsewhere in the Warrant. In addition, the parties agree that the Warrant shall be exercisable for 500,000,000 shares of the Company’s common stock. No other provision of the Warrant is affected hereby."
Read the filings and you will see the transaction code is "G." Garnock merely gifted 20M shares out his warrant, probably to his wife for the tax benefits. He hasn't sold any of his original shares.
https://www.sec.gov/Archives/edgar/data/1430523/000121390020002235/xslF345X03/ownership.xml
A year ago today BLF deal was announced.
https://www.globenewswire.com/news-release/2019/04/26/1810571/0/en/VERUS-INTERNATIONAL-ANNOUNCES-ACQUISITION-OF-BIG-LEAGUE-FOODS-INC-GAINS-LICENSE-WITH-MAJOR-LEAGUE-BASEBALL.html
Since then, BLF was rolled out MLB product for 30 teams and set up deals with national chains.
Looking forward to seeing how much progress they've made next year.
So you're "not sure". No problem. Don't invest. I've been here two years and feel very reassured that revenues are outpacing financing.
I do very well as a turtle investor. No empty shells for me, unlike Backwardly Inc.
Zero revenues for two years despite all those “fresh ideas” and a 10-month old LOI.
Can you name which twitter accounts you think are being paid by the company to promote it?
It’s been an education for sure. But advocating for an organic growth play in the OTC is not a mistake I will make twice. Swampville just can’t see beyond flipping for Subway lunch money. More fool them. Those who load as much as they can will do just fine over next few years imo.
NoHoMo, what is the actual product with Backwardly Inc. that you know, eventually might lead to revenue?
My posts are spread over two years. My faith in this company has never wavered. Clear for anyone to see.
8 Q revenue increases in a row. 9th revenue jump coming this week.
10th coming in June with Q2 and the BLF national deal revenue.
You can list all the flaws -- limited capital, erratics filings -- and sweat the fins, but my play is on the revenue growth because the margins will improve as consistent revenue growth secures better financing and company moves into its own manufacturing.
I genuinely see this as a 3-5 year play now.
Too many to choose from. But I salute your stamina.
No r/s currently authorized for Verus. Will only happen on “massive business strength”. All longs know this is moot point.
What a surprise. A tsunami of FUD just arrived. Verus news must be even better than I thought.
George Sharp -- all you need to know about this internet laughing stock, inc. his real name and his own stinky pinky --
https://twitter.com/NesteggMcMuffin/status/1253842285915017216
$VRUS Spurious George's website is priceless. https://t.co/0zp26LgKpD A fraud posing as a whistleblower. Genius. Rob Riggle has to play him in the TV show. "Sharp Tank. All who enter here will be fleeced." pic.twitter.com/FkXu0b9YZG
— Nestegg McMuffin (@NesteggMcMuffin) April 25, 2020
LJ, and 30% already paid as deposit, so Verus just got $246,000 interest-free working capital.
The fact the Danish company paid 30% instead of regular 20% shows how keen they were to secure the order.
Too good not to share -- https://investorshub.advfn.com/uimage/uploads/2020/4/24/uccih1000x-1.jpg
Anytime Pro.
$VRUS volume exceeds average by 100.37%
Yup. Shaping up to be a great summer. "Verus Cares division expects to begin shipping sample quantities of masks within just a few weeks to prospective customers."
"Verus Cares has a significant number of contingent customer orders, pending approval of sample quantities."