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Yep, all is gonna be good with AI until it eliminates every desk job in America and unemployment skyrockets.
Not a bad thing tho. We need to go back to trade jobs and manufacturing things.
Hahah o but rest assured we are gonna get our chance. Why would anyone employee a $60/hr accountant when AI can do it all instantaneously? Now cross apply that argument to just about all “desk jobs.”
Gonna be great for companies bottom lines…brutal for people who have student loans to get those desk jobs
I don’t post much, but I’ve been on the board since 2018ish.
Is anyone else seeing that the new CEO has a specific background in turnarounds, transitions, and selling companies according to the new PR.
Very interesting IMO. Seems like a tell, tell sign….eventually.
Woooooooohooooo!!!!!!!!!
How do you vote on Robinhood? I need to vote my shares.
No it’s funding the launch of a COVID vaccine.
Ooooooo understood!
The abstentions are the army Denner supporters that he can use as leverage to say “get this ship righted.”
They are physical proof or at least “can be thought as” the supports of Sarissa capital or at least some sort of new direction.
Understood, now. Thank you helping me get that.
If anyone can help me understand this it would be greatly appreciated.
If everyone hates AMRN management and thinks they have done a horrible job since R-IT results ….why did everyone abstain?
Either vote for, against, or abstain.
Abstain is throwing away your vote - I guess it indirectly vocalizes some message of disapproval, but why not oust the bad leadership instead? Come back with better leadership.
I’ve been perplexed about this since everyone starting talking about voting.
Maybe voting them out would hurt the imagine and share price of AMRN but who cares…look at where we are.
Why wouldn’t Sarissa and large shareholders here just vote AMRN management out?
Marjac -
Thank you for everything that you are doing. I don’t think any of us can say thank you enough. Eternally grateful, win or lose.
No one wants to see our case go to SC more than me - well, that’s not true lol …Marjac has put in sooo much time and effort and it’s sooo appreciated - however, just keep in mind the SC hears about 2% of the cases submitted to it.
Not trying to be a negative nelly, just saying…I think everyone should keep that in focus….we have a 2% chance.
Fingers and everything crossed tho.
…..so you’re saying there’s a chance….
Lol
Marjac,
Just letting you know I suffered roughly $15k losses due to the March debacle. This is not 6 figures, but it’s 5 and it was a tough loss for me. I know this is a pittance compared to what others lost, but I am providing you my information in case. Would love to be a part of anyway I can help. Email - mswoodboy@gmail.com
Thank you for fighting for us. And you did a great job at the last trial.
Also - I know this doesn’t matter - but I was a college national champion in speech and debate -spent 15 years competing and coaching. If you ever need help with delivering the message in court, I am the guy for that. Not a lawyer, but I can move a crowd or panel.
Buying people drinks to hold your crappy product doesn’t count as progress
Looks like one is trying real hard to drive up conversation and the other just got off a damn boat and wants to head to the room....hahahah
Don’t know if “bill jackson” was in the house or just a prisoner
Agreed Debo
Hahah so more...”we are going to be profitable and we have M&A on the table.”
I agree this update sounds different...from a person that sounds very to the point....but the backbone of it is the exact same as we’ve always heard.
The only new thing is he basically throws Anshu under the bus saying that BLF and everything we have spent waiting 2 years on was an unprofitable nightmare that was destroying value in the company
I agree. I am under know belief that money will be yielded...1.) Bc vrus has no money (the business not Anshu)...just look at the financials and 2.) no one made us invest here...did they mislead, eh...maybe, but they have enough to cover that up, but at the end of the day each person chooses to invest 3.) COVID - it is real, but is also the perfect scapegoat. The argument is that it hurt business...whether or not it hurt VRUS business if you believe they have business or not..idk...but the argument that it hurt business, yea it did generally speaking.
And I agree - it’s always about the lawyers. They get 60% and the people with standing get to split the leftover 40% or whatever it is.
I was just curious if you thought it mattered 1 way or the other or not
Right...but none of your reply was applicable to my questions.
I understand what I did wrong, I didn’t need your input on that. But thanks for playing.
So Z — what is the play here? If you were one of the dumba$$ that held (me) what would you do?
Is there any reason to contact these lawyers? Is there anything to lose by getting in on the class action. Admittedly nothing is going to come out of them, but is it smart to get on board?
Is it best to just keep waiting and holding to see if anything happens to VRUS to get back a little money or is it time to just cash out, take the butt kicking and use it as a tax write off?
Been hearing this BS since .03 well over a year ago at this point.
Big damn deal
Doubt it.
They just continually provide vague elusive updates.
If they are coming and the AS I’d going to change....then what is the hold up?? Just freakin do it...and I don’t want to hear M&A takes a whole thats bs.
Especially with unprofitable bs companies. I’ve been involved in M&A work where in 2-3 months a transaction Is djgevand these were hugely profitable businesses with large payrolls etc
Tired of their vague bs updates. I already knew what it would say when I saw the update came out today before I read.
Just do something!!!! Trash company
Agreed 100%
Also to note — Anshu said he was going to reduce the AS...so maybe a catalyst there
On-board - this is not criticism ...I just re-did the math. Don’t you mean $3 per share?
9 million OS Float. CEO gets 20% of OS stock...so that’s 2 millionish.
9-2 = 7 million OS.
7 million x .30 cents = 2.1 million market cap.
So we are trading at a $2 million market cap generating an unprofitable $21 million. So we should be trading 10x higher if you think VRUS is undervalued.
So 10 x .30 = $3
Again, though, we are unprofitable so those revenues amount to not crap. But still, if OTC is driven on revs ....then $3
I agree. All of their currents assets are tied into growing account receivables. If you back out the AR they are not solvent....seriously not solvent.
The accumulated deficit is crazy, salaries like tripled. GP would seem to be flat or negative without doing math. Additional notes have been taken out with crazy high interest and if you even factor in taking out the salaries they were roughly at or below break even.
And they have no verifiable revenue stream - no one can prove Mideast products and now BLF is more a liability than a revenue driver.
So what’s the picture ....not profitable, no cash, not solvent, increasing deficit while trying to launch a weed line ....leadership has left or been replaced.
At least the “revenues” were up lol....so I guess Anshu will guide to increasing revenues...which is about the only true $hit he had ever told us.
However, increasing revenues mean nothing when you are increasingly less profitable. Hahah a “K” shaped recovery ain’t gonna cut it
You must have also missed the part where he said we’d get an update after the 10Q and 10K that are like 3-4 months late....
Ummmm...like we don’t deserve and update right now. Like we don’t deserve the financials now....like right now.
But I guess all of that is okay with you? Normal?
No reason to complain?
I’m not sure wtf you are talking about.
Ummm..go check my post history for the last 2 years.
Pretty clear I hope it moves up.
Question for you....how many times do you need to be kicked in the nuts before you get a bad attitude about someone/something.
You must either like being kicked in the nuts or you have a goldfish brain and can’t remember 1 day after the next. I’d say any and all criticism here is warranted. Do you not see what we have been thru
You think it’s normal for a product to be in development for 8+ months...maybe closer to a year now and we finally get 1 picture of 2 cases.....after seeing pictures saying it was gonna be on shelves 8-12 months ago.
Yea, that’s not normal steel nuts.
More smoke and mirrors.
What a joke. 2 or 3 measley boxes on a table filled with products that aren’t ours.
Literally 6-8 months ago Anshu took pictures of elephant hemp products on a random table in an office -go check Twitter- and that was more product than in the picture today. 6 - 8 months later we don’t have enough product to fill our own booth to advertise our brand.
It’s amazing how even after all the BS he keeps the same Ole crap going on.
I guess the good news is ....the last elephant hemp update he couldn’t get in the shows with his BS product and had to slip a hot chick a $20 to hold it for 1 minute for a picture (check Twitter)
At least this time he was able to smuggle the shit into the show and set it up on someone else’s table for a minute or two and get another hot chick to point at it.
At this rate maybe 10-15 years from now he’ll actually sell a product or two. Like literally 1 or 2 units.
It’s okay - not bad at all considering the price.
Check out Japanese whiskey - it gets some of the highest ratings in all the competitions.
Where is biobill? I have not seen him in like a month on here?
Z - what did he tell you?
If Toro Imports is the real deal and a dusky has substantial revenue/PROFIT then merging with them could be a good thing even if it is shady.
However, knowing what we know from the past 2 years..there is plenty of reason to believe Toro Imports is as shady as Anshu ...so I’m sure it’s a piece of garbage.
The only real shady thing if VRUS merges with Toro is just the way Anshu billed it...I mean he always made it seem like he was positioning VRUS for big companies, already listed etc to acquire or merge with VRUS.
If they do not/cannot verify Toros profits then yea...just another shady dealing with Toro being a BS shell company etc.
Dvice - right!
I couldn’t agree more.
And I agree with Crozz posting about this being a low float and can move on a whim etc etc etc. that’s literally the only reason I’m still here.
I don’t care anymore about VRUS as a company, I don’t care about their bs story, I don’t care what “mergers/acquisitions” are coming ....I. Dont. Give. A. $hit. ...about any potential here.
My hope and prayer is that Anshu does a PR and follows thru with lowering the AS as promised and announces some other BS like acquisition (that will fall thru in 6-8 months time) just so this thing goes parabolic ...and some how gets us to 1.5-3.00
If I sniff anything in that range I’m out at whatever it sill get me. If it’s a little less than 50% cool, if it’s a little over 50% cool...I’ll take whatever money I can get back and use the rest as a sad write off/learning less.
I’m just trying to preserve whatever capital I can.
But yes, VRUS is pure trash. It takes a lot of heart breaking realizations for me to come to that...but it is what it is.
Also, I’ll just say, notice Anshu hasn’t followed thru on the merger/acquisition that he SWORE for 2+ years would come with the RS or even the reduced AS that he promised in a PR after the RS.
It’s all BS. But, my hope is that maybe 1 or the other with come and this stock will be screaming for about 2-3 days which can get me out with a little capital.
Wood - and sadly I’m not sure about this Andy guy.
Believe me now, hate me later.....the situation is like this.
Anshu has ruined every M/A...in ugly ways too. People walk away mad at him or then end in just messy turmoil. Same with investors (Garnock) and employees (McGowan).
So, seemingly, Anshu is not the easy to deal with facilitator that we thought he was Q3-Q4 2019.
But, this Andy guy was brought in, has stayed, and now has been promoted by Anshu. So....what should that tell us? Also...uhhhhh...what progress has been made by Pach Labs?
Not trying to be a hater, but my feeling is that this Andy guy is a swindler too. I have not like the idea of him since he was brought on.....now he’s the CEO. Great.
Again, just trying to stay around for a bounce here to recover 50% of my investment. I pray momo gets us to $1-$2 on the low float. I will be out with half the ass kicking I currently have and I’ll take that 50% loss as a life lesson ...and keep moving.
Anshu being out is 50/50...50% pump...50% they know how bad his involvement looks with VRUS since he has ruined all the M/As, ran off Garnock and other executives.
So basically they know if they ever want the company to appear in a positive light ...that he can’t be involved.
Reputation man, it’s everything.
The OS
Yep, facts.
They don’t have that business anymore
Wow!!
Literally this is officially a trend and VRUS may be a bottom play, but Anshu is TOXIC!!!
So the Brazil deal was first, then the PPE deal, then BLF now Elliots...okay...4 is a trend for sure.
These companies are all looking for cash/help...then they get involved with VRUS and the same thing happens over and over again.
So...no doubt Elephant Hemp is pure BS...has to be, the rest have been.
So that means all that is left is overseas business if you believe it’s real.
I agree.
I am accepting my loss. I get it, it is a 50/50 judgment call and I should have protected the $800 I had left and sold for a monster loss after the game on foods info.
I figured...been holding for 2 years waiting for the “imminent” M/A bs...why not just wait for another few months and hold out thru the RS knowing I’ll lose it all.
My luck is...had I sold they would have merged with ConAgra and I would have lost out on millions. Since I held, with my luck, they will probably merge or be acquired by the toilet like my last BM.
It’s just unreal looking at how the tracks came off. I mean we didn’t even have any stopping points - straight from .03 down to .0005.....just brutal
We aren’t gonna make it through the first day before my account reaches $0.
I get it, I get it. I fell for it. VRUS was a classic OTC pump and dump....but it’s just amazing to me what has transpired here.
He had an angel investor, longs loaded to the gills with shares, advisors, big time executives that deliver results, at least 1 solid great product.
I mean not to re-hash, but either shit went that darn bad in 2020 or Anshu was just always that huge of a crook.
Telling yah, at a loss for words. And it wasn’t until about November (when you broke the game on foods info) that I came to terms finally that I lost it all. I have basically even stopped checking for VRUS news/info
Wheels are falling off.