Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm still holding, but I don't have a huge amount of faith in this company. I've been in and out of this stock several times since 2015. In that time they have had "deals in the works" for VR/AR gloves, medical applications, and seat occupancy detection for commercial trucks that I don't recall ever amounting to much of anything. One of those led to a large one time receipt of cash but no meaningful recurring revenue. I don't recall which one off the top of my head. I'll put faith in one of their "deals" when it shows up on a quarterly report.
Don't feel bad. I held a bunch of shares through the run up to the high teens in 2016 thinking it was only the beginning. I used that as an expensive learning opportunity.
I think you picked up some of my shares. I had 14k and change sell at $0.119 on 8/14/2019
Which one of y'all dumped 30k shares on the open to drop the price by 50%?
The big question will be how much money will Verus spend to bring in that revenue? If you compare the most recent 10Q forms for both companies Verus operated at a loss while Celsius did not. If Verus can bring in more money than it's spending and become profitable then the share price should turn around and the market cap should increase. I'm hoping that will be the case long term.
You keep saying they will be profitable when they reverse split. You do realize that the reverse split that is currently approved will expire in January right?
Fidelity is still offering $0 commission on orders
Isn't it insider trading or some kind of SEC violation to personally invest in a stock your company is actively trying to liquidate it's position in?
Is there any way to tell how many shares Monaker Group owns, and the change in ownership over time? I know for NASDAQ listed stocks they will periodically update the change in institutional ownership over time.
VERUS INTERNATIONAL ACQUIRES A CONTROLLING INTEREST IN NUTRIBRANDS – ENTERS SOUTH AMERICAN MARKET
GLOBENEWSWIRE 7:05 AM ET 11/4/2019
Symbol Last Price Change
VRUS 0.0188up 0 (0%)
QUOTES AS OF 03:59:53 PM ET 11/01/2019
Gaithersburg, MD, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Verus International, Inc.(VRUS) (“Verus” or the “Company”) today announced that it has acquired a controlling interest in Nutribrands, LLC (“Nutribrands”), a Brazil-based health and nutrition company that owns, imports, and distributes more than 150 trademarked “Made in USA” products for the Brazilian market. Founded in 2004, Nutribrands has established a strong geographical presence in the sports nutrition, energy, vitamin supplement, and fat reduction categories.
Nutribrands’ product mix includes the Arnold Nutrition and 16 other brands in the sports nutrition and body building space; gourmet protein bars; a complete line of nutraceuticals, vitamins and functional oils sold under the VitaVale brand; and the Lean-Slim line in diet and weight loss. Nutribrands management believes its Vivamil energy shot was the first pure caffeine product released in the Brazilian market. In addition to its own brands, Nutribrands is also the exclusive Brazilian distributor for Hi-Tech and APS, the global leaders in sports nutrition.
“We had multiple reasons to seek out this acquisition. First, Nutribrands gives us an instant foothold in the largest South American consumer market, with the potential to reach tens of thousands of drugstores, convenience stores, supermarket points of purchase, and e-commerce stores,” explained Verus(VRUS) CEO, Anshu Bhatnagar. “We acquired some established, leading brands and revenue, along with some very promising opportunities for growth. In particular, Nutribrands was looking for a partner to help develop its Vivamil energy shot, which, along with other products in their portfolio, has a large, unfilled backlog.”
More information regarding Nutribrands’ products is located on Nutribrands’ website at www.nutribrands.com.
In addition to selected corporate commentary, interested investors are encouraged to monitor upcoming product announcements via the official Twitter feed @Verus_Foods and the Big League Foods subsidiary Twitter feed @BigLeagueFoods.
About Verus International(VRUS), Inc.
Verus International (VRUS) operates an international food subsidiary (Verus Foods) that sells branded consumer products to customers worldwide. The Company trades on the OTC market . Investors can find real-time quotes and market information for the Company at www.otcmarkets.com. Additional information is also available at the Company website, www.verusfoods.com.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contacts
Investor Contact:
MKR Group Inc.
Todd Kehrli or Mark Forney
vrus@mkr-group.com
Source: Verus International, Inc.(VRUS)
Exactly. I picked up another 75k at 0.0176.
This might help you.
https://www.livescience.com/32110-why-do-icebergs-float.html
I haven't gone anywhere
Still here and holding. Not enjoying today's action but not selling because of it.
Fidelity isn't charging commission so there would be no reason for the algorithm. Assuming they still charged commission that would make sense.
GTC vs Day Order Experiment
I've been doing an experiment on Day orders vs GTC orders. I have had a GTC limit order in at 0.02 for the last week, and I've also been putting in daily limit orders at 0.02.
Both orders were buy 50k shares at 0.02. Today I got 50k filled on the day order and 10k partially filled on the GTC order.
It appears that Day orders take preference over GTC orders, at least with Fidelity.
Growth companies don't typically do buybacks. They use all their cash to grow.
No catalyst to go up? How about increasing revenue from sales. Expanded candy and ice cream markets with positive feedback from initial test markets and a second run of ice cream. New General Counsel to help the company with M/A at lower cost, M/A of french fry business, line of credit, 13.5 million in international insurance. Do I need to go on? What do you have as a catalyst to go down? Only ones I can think of is the increase in the cost of revenue on the last 8k and the lack of news for the last 14 days. With these guys lack of news usually means they are busy. Busy means getting things done.
Mini slap man is going to have fun filing his taxes with all the 100 share lots.
Still here holding my shares. Fishing for eager sellers with a couple bid orders in.
I have a GTC limit order at 0.02. I'm kinda pissed it didnt' get filled yesterday with approximately 500k trades at 0.02. So assuming it gets filled today I'll be buying.
Do normal (day) limit orders take precedent over GTC limit orders? I've had a GTC limit order in at 0.02 for a week or so now. I see roughly 500,000 volume at 0.02 today but my order hasn't filled.
Very thin... except for the 2.1 million ask wall CDEL has, and has had at 0.023 for the last couple days. You just can't see it because they have another 100k ask at 0.0219
That's a shame. It looked like he was pretty young.
Or the MM could have a lower ask. Level 2 on OTC only shows the best bid/ask for each MM. i.e. if I put in a bid right now for under 2 cents it won't show up because ETRF currently has a bid at 0.0219. Likewise if I put in an ask for 5 cents it won't show up because ETRF has an ask at 0.023. Not sure about other Level 2 software.
If I recall correctly from yesterday that wall was routed with CDEL. They currently have an ask at 0.0229 so any asks higher than that by CDEL won't be displayed.
The three day settlement rule is pretty much irrelevant in a margin account. You have to follow it in a cash account otherwise you'll be hit with cash account violations.
No of course not. My original post was due to the fact that I've repeatedly seen people post here the they are waiting for funds to clear so they can buy more shares tomorrow, next week, etc. In a margin account I can make the trade and then move cash to cover the trade. If you're not comfortable doing it this way you can initiate the EFT before the trade. The funds for the EFT will immediately become available for trade while the cash transfer settles.
I am by no means advocating that anybody can or should take out short or long term margin loans to buy any penny stock that they don't have the funds to cover.
No of course not. My original post was due to the fact that I've repeatedly seen people post here the they are waiting for funds to clear so they can buy more shares tomorrow, next week, etc. In a margin account I can make the trade and then move cash to cover the trade. If you're not comfortable doing it this way you can initiate the EFT before the trade. The funds for the EFT will immediately become available for trade while the cash transfer settles.
I am by no means advocating that anybody can or should take out short or long term margin loans to buy any penny stock that they don't have the funds to cover.
If you initiate an EFT the same day as your trade it should clear about the same time that the stock transaction settles and you shouldn't have to pay interest. If you do it would be pennies on the trade and almost irrelevant. I'd much rather pay a few pennies interest and buy at a better price than wait 2-3 days for an EFT to clear.
If Verus is the only stock in your portfolio then you are correct you wouldn't be able to buy more shares on margin as the cash requirement is 100% for penny stocks. However I have other marginable securities in my account that only require 30-50% cash requirements. Every time I buy Verus shares I borrow against the marginable securities in my account and then transfer funds to cover the cost of the trade. This allows me to buy Verus when I like the price regardless of whether or not there is settled cash in my account.
I'll give you an example of how this works using a trade from yesterday. I had 243 dollars in my cash core position yesterday. I had a limit order for Verus fill purchasing 50000 shares of Verus at $0.02 so with a transaction fee of $4.95 I created a margin debit of negative $761. This transaction borrowed $761 against the marginable securities in my account with no risk of a margin call due to the small size of the debit. Today I will transfer funds to cover the debit and pay no interest. I've done this almost every time I've bought shares of Verus over the past 8 months. Not that difficult all you have to understand is the difference between margin buying power and non margin buying power. It just requires a margin account with enough other investments in marginable securities.. Margin accounts also allow you to use unsettled funds from a sale or cash EFT before the funds settle. If you did this in a cash account you would rack up all kinds of violations.
Brokers usually require 100% funds available for penny stocks, but if you own other margin-able stocks this isn't an issue. If you have 10k dollars of apple stock which is margin-able at 30% cash requirement you can buy roughly 7k worth of stock that requires 100% backing without funds to back it. At least that's the way it works with Fidelity.. That's what I've been doing. Buy when the price is right and then transfer funds to cover the trade.
Everyone here says money clears tomorrow or in a few days and then I'll buy more. Why doesn't anybody use a margin account? Make the trade while the price is favorable, transfer funds to cover the trade, pay no interest. Electronic transfer clears around the same time the trade settles.
They do put out an investor deck slide show that has projected revenue for the next quarters. Look it up and do your own math They projected $50k less than they earned this past quarter. They did specifically say that the projected revenue did not include BLF or any other M/A or additional financing.
I'd tend to agree based on the southern drawl on just about every investor on the CC who asked questions. I'm not poking fun I'm in the same boat I just didn't ask any questions.
He didn't say 50-150 million next year. He said when every team has been branded on ice cream and full distribution is in place to every location that will be selling the product it could be 50-100 million. He did not give a time frame. He did say they are redoing the labels for existing teams, tweaking some molds, and getting more teams involved for next year's season.
Thanks emsco the 1st half of your response is exactly what I was looking for. I remember everything on the 2nd half from the conference call and how growth companies work.
Can anybody comment as to why the Stock-based compensation ballooned to $899,666? Not saying the executives don't deserve to be paid for their hard work, but stock based compensation from the previous Q was $290,573. That $900k was the company's largest expense. And they definitely aren't paying for it by issuing authorized shares because the difference between outstanding shares between the last two quarters was only 2,419,355 shares and my understanding is that this wouldn't cost the company much (if at all) money to pay people by issuing more shares. Not saying I want them to dilute the outstanding shares I'm just curious why the compensation was so high.
The only share reduction mentioned in the conference call was the reduction of authorized but unissued shares. He did not say they were doing any kind of share buy back or reverse split.
Debo, one thing that sticks out to me that may be an explanation for at least part of yesterday's major sell off is that the 10Q shows an operating loss of 1.268 million dollars for the quarter compared to 112k operating loss from the Q3 2018.
The conference call offered a bit of insight on the increased legal fees (M/A paperwork and DD), and probably some of the general and administrative fees (BLF production startup). But this does appear to be a big negative from a financial investment perspective. We know that these expenses are part of expanding the business and increasing production for the BLF line, but until the revenue from BLF really starts to work its way into the financial statements this looks like a big negative.
Also see my previous post about earnings beat and cost of revenue. The company beat their guidance by only $50k. While any beat is good, it came with a major increase in cost of revenue. Also a negative from a financial standpoint. We know that the increase cost of revenue is being used to get things up and running.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151080879
Q3 2019
Revenue $3,477,494
Cost of revenue $2,984,2401
Gross Profit $493,254
Operating Expenses:
Salaries and benefits $145,24855
Stock-based compensation $899,666
Selling and promotions expense $63,750
Legal and professional fees $266,59244
General and administrative $386,832
Total Operating Expenses $1,762,088
Operating loss $(1,268,834)
Operating loss same Q 2018: $(112,017)