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Yep..
Looks like market makers trading back and forth and/or retail traders intentionally manipulating it down.
Either way you can only knock the price so low before it becomes too easy for real investors to soak up all of the shares and hold out for a much higher price.
OR if nobody is interested and the price goes down to $.0001. WELL, too easy for Verus to use cash to buy back the shares at that point.
Supposedly there has been a major increase in short interest.
I think he meant $.015 otherwise it wouldn't be consistent with his other posts.
I could see $.004-$.005 by the end of September with/if a great Q3.
Hopefully by the end of next month.
If it's lackluster news then they are playing games. Because the anticipation is what drove the price up so that some people could sell for 50% gains.
Going to be interesting to see if Garnock exercises his warrants and when.
Annual Reports are audited .. Quarterly Reports aren't.
As an Investor if you have the ability to help their business grow revenue, then why Not..
Why Not help the business?
I'd hope that would be the case for a well executed Growth Company.
Hey the names and branding aren't bad.. They probably need to have higher concentrations of CBD in them, but I know there are restrictions for retail.
Lol.. now that's some fancy chart lingo!
But I'd like to buy cheaper.. oh well
Knock this thing down to $.001
For PACV I wouldn't give it a 1× revenue evaluation due to their lack of margin and tough road to profitability. More like 1/2 × revenue.
Well hopefully because they are so busy doing their job..
Or maybe because they are scared of the criticism lol
Yep he is suspect.
Also, when he talks in interviews, he always has that slight duping delight look to him, although it could just be that he is a happy guy.
Audited financials yet?
That's what/who we need..
Columbo in the OTC
Alpp let's go down to two cents or up to twenty..
Let's get moving!
The only way the CEO makes millions from those warrants is to buy them at $.006 and sell when the share price is at $.02.
If he exercised all of the warrants today, then Verus, the company, would make a profit.
The stock would get diluted by 20%, but Verus would get $3 million in Cash to add to assets and Paid in Capital.
Anshu would pay over $3 million for stock worth half as much in the open market currently.
Yes this company should reverse.
It's in value territory.
The problem is that many people overpaid for shares last year, buying around $.03, and now many people hate its guts.
So it went from being over-hyped and over-bought, to flat out despised and oversold.
Back then people pumped up the News too much..
Now people just don't care.
It had more followers and posts joining in last year/early 2020.
Whereas now, new investor interest seems to be declining, all the while old investors/traders leave.
I started buying around $.015 originally to flip, but now I see an undervalued investment with a fair value stock price of about $.01 these days.
When/if Verus becomes profitable then we can talk about a Multi Penny fair value stock price.
What's happening is that people are frustrated with Verus/Anshu increasing his annual pay from $175,000 to $$350,000.
And Anshu was also given warrants to purchase over 500 million shares at $.006 just so he could own up to 20% of the company.
Also, they are Not being very transparent with their Top Apparel Manufacturing/ Verus Cares subsidiary.
We don't know if they are scoring large contracts or Not.
At least Verus actually filed their financials within reasonable time unlike all these other OTC companies that can't even file their March 31st Q1 until the end of their Covid 19 extension, June 30th..
I hope so too, but worst case scenario of 1.1 Billion and I still see the price being too cheap at below 1 penny.
Debt that will be paid off through dilution estimated to end up around 1 billion shares O/S.
Growing Company with historical positive net income..
Not positive in 2019 10-K for a couple of 1 times things, but likely to return.
If they improve their margin, China's currency strengthens, and Kiwa expands their business to more customers.. then a 1× revenue is fair, and their value can be calculated easily to be at least 4-5× above the current price.
Even with 1 billion shares Outstanding this company is Undervalued at this price IMO.
These guys have audited financials yet or are they full of it?
Good question/point.. but his warrants are executable at a $.0025 stock price so maybe he wants to prepare to cash in on some of them before they expire.
He needs to sell stock so that he can be less than a 10% owner in order for him to exercise his warrants.
That's one of the restrictions on his warrants.
Volume NOT bad even on slower days..
Has more attention than it used to get.
Good call out.
People need to be aware of the fact that those shareholders could sell all their shares and have a huge effect on the price.
Between Anshu and Garnock they have over a billion shares that they can purchase through warrants. That would dilute this already diluted company by a third of the value.
Must be nice to have warrants to purchase at .0025 and the right to resell immediately after they excercise their warrants.
Yeah what a radical shift from being profitable to losing millions.
Investors want to see Net Profitability.
After all is said and done, is the company profitable..?
Then it's off to the races.
ZC Top needs to send out emails or something.
Get their N-95 mask orders shipped.. I've been waiting too.
Unless they're just scamming the U.S. like many other scams going on in the Phillipines.
At least we have some volume today.. not to be rude or inconsiderate towards anyone who bought at the higher prices
So they have 45 days from May 15th?
Meaning around June 30th?
You are correct.
Other than the obvious dilution, I like the looks of this company. It appears to be a good value investment..
Especially at the current Market cap of about 1/9th of 2019 estimated year end revenue.