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VRUS: Technically BK..KEY LOANS DEFAULTED..CASH BROKE....
The SEC 10-Q is a DISASTER OF EPIC PROPORTIONS...no wonder they couldn't file the POS on time....they're so BROKE they probably couldn't scrape the coin together to get a CPA hired....OR...they're too busy begging their TOXIC NOTE HOLDERS FROM FILING IN BK COURT AGAINST UM....
THEY DEFAULTED ON ALL THEIR TOXIC DEBT NOTES...and CAN NOT PAY THEM as they MAXED OUT THEIR A/S to 1.5 ba ba BILLION VIA INCREDIBLE DILUTION...and likely due to the lawsuit or some other on-going provision COULD NOT INCREASE THEIR A/S and thus they just got SMACKED DOWN into some huge and MEGA COSTLY LOAN DEFAULTS...DEFAULTS THAT CAN LAND THIS IN BK..AT ANY MOMENT on ANY DAY or ANY TIME NOW....those creditors triggered ALL DEFAULT PROVISION and IF RBIZ THE SHAM-WOW DOESN'T PAY ON DEMAND- they MAY GET HAULED INTO A BK COURT ASAP....
https://www.sec.gov/Archives/edgar/data/1430523/000149315218013679/form10-q.htm
That is THEE DISASTER OF A 10-Q...A TOXIC DEBT DILUTION MACHINE...textbook 101 style... in ONE SHORT Qtr (3 MONTHS) they dished out over 1 BILLION STEEPLY DISCOUNTED RAW DILUTION SHARES...and failed to modify their corporate charter to increase their A/S TRIGGERING A CASCADE OF KEY LOAN DEFAULTS.....
And NO...they HAVE NO SOLUTION or "WORK OUT" with those DEFAULTED LOANS or it would have appeared as a "SUBSEQUENT EVENT" added to thee END OF THIS 10-Q, BUT IT IS NOT....THUS THEY ARE IN LOAN DEFAULT NOW..aka THEE TEETERING EDGE OF BK and INSOLVENCY....DIRE AS IT GETS:
10-Q, PAGE 11 (ALL CONVERTIBLE DEBT DEFAULTED, HUGE COST if NOT BK):
"At July 31, 2018 and October 31, 2017, there was $1,349,618 and $975,250 of convertible notes payable outstanding, respectively, net of discounts of $7,500 and $15,000, respectively. Additionally, at July 31, 2018, the Company was in default with respect to certain convertible notes as a result of not having sufficient shares of common stock available for issuance upon the conversion of such notes and certain cross-default provisions. The default provisions include 1) default interest rates ranging from 18% to 24% per annum, 2) daily fixed dollar penalties, and 3) an increase in the total amount due calculated by multiplying the aggregate of the then outstanding principal amount of the note, together with accrued and unpaid interest thereon, plus default interest and fixed dollar penalties by 200%. As of July 31, 2018, the principal amount of the notes together with interest accrued thereon and penalties totaled $855,398, consisting of $793,327 of default principal and $62,071 of default interest. "
PAGE 3, THE BALANCE SHEET- they are CASH BROKE BY ALL GENERALLY ACCEPTED ACCOUNTING PRINCIPLES w/ a lousy $136K CASH against massive ACCOUNTS PAYABLE and INTEREST PAYABLE of $608K and $127K...DUE NOW or max 30 to 45 DAYS
CASH: $136K TOTAL LEFT TO THEIR BROKE NAME
Accounts payable : $608K
(a company's most IMMEDIATE BILLS- usually net 30 to 45 days max or DEFAULT)
Interest DUE: $127K
(NOW..they're already LATE ON KEY INTEREST PAYMENTS - and it would TAKE ALL THEIR CASH TO PAY IT NOW)
THEY ARE BUSTED BROKE....INSOLVENT FOR ALL INTENTS AND PURPOSES by all GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP)..teetering w/ ONE FOOT IN THE BK GRAVEYARD.....
PAGE 10 THE GOING CONCERN (ILL-LIQUID) TRAIN WRECK:
"NOTE 3: GOING CONCERN
The accompanying unaudited consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.
The Company incurred a net loss of $1,576,655 for the nine months ended July 31, 2018. At July 31, 2018, the Company had a working capital deficit of $1,208,361, net cash used in operations of $978,000, and an accumulated deficit of $25,018,786. It is management’s opinion that these facts raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date of this filing, without additional debt or equity financing. The unaudited consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts nor to the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
In order to meet its working capital needs through the next twelve months and to fund the growth of the food business, the Company may consider plans to raise additional funds through the issuance of additional shares of common or preferred stock and/or through the issuance of debt instruments. Although the Company intends to obtain additional financing to meet its cash needs, the Company may be unable to secure any additional financing on terms that are favorable or acceptable to it, if at all."
GRAVE AS IT GETS...KEY LOANS IN DEFAULT...BUSTED BROKE AND BLEEDING CASH LIKE A STUCK PIG.....THEY'RE IN THE ER and ON LIFE SUPPORT....
PAGE 12 THEY ARE RUNNING SHAREHOLDER DEFICITS..aka NEGATIVE VALUE:
"NOTE 6: STOCKHOLDERS’ DEFICIT
The total number of shares of all classes of stock that the Company shall have the authority to issue is 1,625,000,000 shares consisting of 1,500,000,000 shares of common stock with a $0.001 par value per shares; of which 1,500,000,000 are outstanding at July 31, 2018 and 125,000,000 shares of preferred stock, par value $0.001 per share of which (A) 120,000,000 shares have been designated as Series A Convertible Preferred of which 44,570,101 are outstanding at July 31, 2018, (B) 1,000,000 shares have been designated as Series B Convertible Preferred Stock, of which no shares are outstanding at July 31, 2018 and (C) 1,000,000 have been designated as Series C Convertible Preferred Stock, of which 160,000 shares are outstanding at July 31, 2018. At July 31, 2018, the Company does not have any shares of common stock available for issuance, which triggered a default on certain convertible notes payable (see Note 5)."
PAGE 16 THEIR HORRIFIC LIQUIDITY PROBLEMS
(liquidity problems are the PRECURSOR TO FILING BK...the INABILITY TO TIMELY PAY ONE'S BILLS WHEN THEY COME DUE...and RBIZ IS BUSTED BROKE)
"Liquidity and Capital Resources
At July 31, 2018, the Company had $136,475 of cash and a working capital deficit of $1,208,361 as compared to cash of $251,301 and a working capital deficit of $798,577 at October 31, 2017."
RBIZ is in GRAVE..GRAVELY BAD FINANCIAL CONDITION...the next 8-K THEY FILE MAY BE THEIR BANKRUPTCY ANNOUNCEMENT IMO....
Else...THEY MUST INSTANTLY INCREASE their AVAILABLE SHARES and RAPIDLY DILUTE....else...BOOM BOOM OUT GO THE LIGHTS....they got less than a MONTH IMO....or their CREDITORS WILL FILE BK ON UM....TOXIC NOTE DUDES DO NOT MESS AROUND....they'll end up owning this POS and SELLING IT TO THE TRIPS to GET THEIR MONEY BACK...no mercy....when you DEFAULT ON TOXIC CONVERTIBLE NOTES...them hedge boys WILL BE A WRECKING BALL AND TAKE EVERYTHING AS NEEDED to make their coin back...they play big boy hard ball....
I can't count how many companies have been DRIVEN TO TRIPS .0000X or worse $ZERO Bid via DEFAULTING ON TOXIC DEBT....RBIZ is ON LIFE SUPPORT...
BUYER BEWARE...BK/INSOLVENCY WARNING RED ALERT..LOANS ARE IN DEFAULT !!!
Ummm.... he was being sarcastic.
Clearly you can't show anyone because Mark never said that.
No news by the end of the month, once again. Perhaps this is why so many people are jumping ship.
Shouldn't the resident pumper produce new marketing material to reflect the name change? Just a thought....
See this is what the bum was talking about. You have both ends of the spectrum. One cannot be illegal without the other also being illegal. They are both false statements/speculations.
BINGO!
If $1200 is a whale then you might want to stick to paper trading brotha
Or primed for the same thing we've seen for three weeks. Either way. Either way.
Looking great. Clearly found a hard bottom. I've been trying to get 40s but it doesn't look like it'll ever come down there. Ill raise the bid tomorrow. Only a matter of time when this is resolved. The volume has definitely died down though.
So uh, the float is uh, locked up right?
RBIZ!!! SUPER Hot!! THE OTC stock of a lifetime!!
You mean " posters that fill our head with nonsense and lies"
Sure.
Exactly. SMH. Looks like this was only a golden ticket for the two people who were nonstop pumping.
Every time this stock goes down its a "shake down".LMAO
Thanks man.
Good for you. Hopefully you can add to it.
Fo realz
Drop RBIZ DROP!!!
Penny stock cures cancer...up 13%. Not what you'd expect huh??
You guys are pumping this one dry. Hence the pullback today. How much will you lose tomorrow?
Well if it hits that maybe they can move out of the dump.
ADDRESS
719 Jadwin Avenue. Richland, Washington 99352 US
Come on man. There are million dollar facilities all over the country and some dudes find a cure for cancer in rent-a-space with a rent-a-desk and a rent-a-receptionist? Doubtful. I'll have to find somewhere else for my hard earned dollhairs.
719 Jadwin Avenue. Richland, Washington 99352 US
Does this look like they cure cancer here or does it look like they would take my gently used clothes and resell them?
They don't like it here when you spit facts. It screws with their agenda.
Fake office
Fake tweets
Whats next?
Google it
719 Jadwin Avenue. Richland, Washington 99352 US
is the fake office a touchy subject? getting a lot of hateful messages. I won't mention it again. Sorry dudes.
719 Jadwin Avenue. Richland, Washington 99352 US
if you wanted to see where Cancer was cured it looks like a Goodwill. Just saying.
LOLLLLLL.
Load up then whale.
GO RBIZ!!! THE NEXT AppLE!!!
New here, sorry. I do believe where you conduct your business should matter. Why rent out a desk for $300 a month?
Does the fake office bother anyone?
719 Jadwin Avenue. Richland, Washington 99352 US
Those huge buys can be seen over the past couple days. Someone else is loading as well. Surprised ppl think this has already made its run.
Loaded a good amount today. Ready for the ride regardless of settlement. They'll be back on Nasdaq in no time.
Aren't you supposed to "keep it realistic"?
Close above 4
LOL
RBIZ= the ultimate flipper stock
Profit is profit. Its better than fake notions of selling this at an unrealistic price.
Too many unknowns for me. I also will try getting out while its up a little. I believe Friday was either pumping or fomo driving it up in anticipation of a name change this week. Name change will only temporarily boost it but lack of PRs from this company will cause this to go even lower in the coming weeks.
Pennys aren't coming. Time to move on and find another gem.
Where is all this news you all keep saying is coming tomorrow (every day of every week)? Sounds like they don't have anything, and haven't had anything for quite some time.
Ready for some good news or signs of life.
Hit it. Hit it. Hit it again.