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That was a great post, OTN! I'm feeling a little sarcastic right now and would also ask if they are placing height measurements on the wall to determine when they get big enough to start acting like big boys
This is to answer Tooltimegrunt and everyone else, as well. TTG, you asked yesterday what would be the consequences of a late filing and I responded that I would have to do me research last night, but I had read about consequences, so here is what I found.
This is a good place to start, but if you'll look at post 136662, there is a link to the terms of the financing deal from January. According to paragraph (m), if there is a late filing without a "cure" which is 5 days from yesterdays deadline, then the investor can execute pretty much any recovery or remedy outlined in the terms.
There are a number of things that the investor could do, and none of them will be good. The investor, whomever it is, could in writing, make an exception to the terms, but I don't know that any of the shareholders would know this without a copy of the written exception being posted as a tweet or some other form of public forum.
So in short, our team has until some time Tuesday before the loan from January is in default. If that were to happen, the shite would potentially hit the fan in a manner that we shareholder at VRUS have never seen.
It hasn't been a week ago that somebody posted the terms concerning the loan and had them highlighted in red. Terms that were of particular importance were the proper execution of filings, (specifically late filing) and how it pertained to the loan.
I'll be doing my review homework later tonight, or possibly even have to wait till the weekend.
Someone out there knows what the posted and highlighted the details in red. I think the last line said something like "how did I miss this the first read through, I'll have to go back and study this some more."
Is this ringing any bells for anyone? This is my last post for the day.
I'll tell you the problem and now tonight I'll have reread the financing that we were all worried about earlier in January, but I believe that there are terms that indicate that there can be 500 thousand dollars worth of shares that can now be dumped a la Monaker. Only this time, it isn't 150M shares like Monaker had, and as I said I'll need to revisit it, but it could be more like 333M shares for someone to dump. That's a freakingf proboem
I'm not on twitter, but I'm guessing there have been no tweets about any updates on the 10k?
As a business owner, I understand that things happen to throw off the best of plans. Shite happens. However, it is a courtesy, at the least, to post some kind of update, explanation, etc, to those that are affected.
I find it completely unacceptable that we can get ambiguous tweets about what would appear to be someone else's chocolate basketballs, but can't get an update on a late filing. Of which, I don't care what anybody argues, this is now a late filing.
If you want to be a big boy, you need to put your big boy pants on.
Glad to be here with you. I also feel like the team we have running the company is top notch and executing their plans at a supper high level. As far as the "punt" suggestion goes...I'm sure you are right and I will at best get a "thank you for your concern and suggestions" type of response, but something tells me that they were probably expecting a greater response to the news they've been giving.
As a business owner, myself, when certain news and/or circumstances should without doubt create a certain and appropriate response, but if it doesn't...then i have to take a step back and try to reassess my plan.
I'm very curious what their mindset is, since I'm pretty sure they were thinking that landing a national chain contract would've skyrocketed the pps.
Thanks a bunch. Have a great weekend.
I only have one post left and I want to save that to report any potential response from the company
To BigBlackDog: I took your advice and emailed my first 2 posts yesterday "time to punt" and "the punting solution, path of least resistance" to info@VerusFoods.com. I sent the email at 12:54 CST, but haven't heard a response yet.
I'm not all that tech savvy. My kids call me "Mr. Technology" to be funny and sarcastic. lol. It is what it is.
But I was wondering if you or anyone else might have a more direct contact to Anshu? I would actually like to hear his thoughts about those suggestions. I would be happy to share with everyone the eventual response I get.
Also, I think I have read some of you (Coach maybe) referring to a conference call. I haven't seen anything announced about a conference call. Is there one officially scheduled? and for what time?
thanks to anyone who can help me out here
AS all of us would. I have 7,800,750 shares myself. I may be a little premature, but with the tweet about the national chain, the financing very well explained, and the video from the NIBA conference, and not having any effect on the pps, is not a good sign., especially this close to the 10-k, which I would've expected a run to have started already, based on the past runs going into a financial report.
It's time to face it. Unless we get something absolutely spectacular, which we have already received. The specter of an r/s looming has stifled, suffocated, killed, whatever description you wish to use is negatively impacting the pps, even though the company and its leadership is functioning at a very high level.
I would love to see the pps on a slow steady rise, especially since it should already be happening going in to the 10-k. So, we all can continue to wish. But my Grandpappy used to say, "boy, you can wish in one hand , and poop in the other. Then tell me which one fills up first".
Grandpappy had a way with words. lol
The "punting" solution, the path of least resistance
To strengthen our position there are a couple things that need to be addressed to "skin the cat" in the most effective means to get to the uplist.
First of all, be patient. We missed our uplist deadline last year, and yet we still had a year that showed from beginning of the year till end of year (even with dragging the MKGI anchor the last 6 months) close to a 10 fold increase in pps. If that's not good enough for investors, then they are living in fantasy land. So lets delay this uplist contingent on 2 major things. 1- the elimination of the pps anchor that is MKGI, and 2- the share structure. If we do these 2 things, we could possibly uplist organically and without an r/s.
MKGI should be out by early summer. Bam! the chains to the anchor are broken, thereby allowing the pps to float freely in the market.
2-about the time that our pps anchor is released, we will be showing the fruits of the labors and execution of the company's hyper growth. I don't think it is unreasonable to assume that we may actually be showing some profit by then and not just revenue. How awesome would that be? How do you think outside investors would view us then, with a couple quarterly reports showing increased revenue, as well as, profit?
Then, after a couple of quarters of hyper growth resulting in profit, take some of those profits and execute a share buy back. Even a small percentage share buy back would be evidence that VRUS is ready for the big boards. And at that point, our strength would be unquestionable.
But most importantly, the company, IMO, needs to consider the "punt" scenario now, then announce that the uplist will be delayed until the market is ready to respond appropriately and any consideration of an r/s has been put on hold indefinitely.
To try to force a square peg into a round hole at this time looks like an ego driven exercise and/or desperation.
I know there are others who are thinking the same thing out there...or the market would've responded appropriately.
I love our team and they may yet have something up their sleeve that will propel us to where we need to be for an uplist into strength. But, if a manufacturing facility and a national chain isn't strong enough to positively affect the pps, then the market is not ready.
There is no shame in "punting". If an announcement was made that an r/s is off the table, even with the limited time frame of continuing to drag the MKGI anchor, how do you think the market would've reacted to the awesome stream of news that we have been getting?
I think the reaction would be positive and massive.
summary - bomb drop 1: lots of indicators that MKGI is out of VRUS shares (both common and preferred...will be verified by MKGIs filing due tomorrow...I don't see an NT)
summary - bomb drop 2: interesting phrasing from Anshu addressing the R/S expiration and 2020 "reset". Is it possible he is giving us hints of the upcoming catalysts to help propel us onto a big board?
bomb drop 3:
Sideways trading with very little volume likely is reinforcement that MKGI (the anchor that has been holding us back) is no longer holding us down. So who is holding us down? Our collective lack of action is holding us down.
Without the anchor, we have the power to move the pps. The great thing is, by moving the pps up by collective buying, we give our stock steam and attention going into uplist. As a result, we give our company the power to reduce the ratio to a more favorable number to achieve the uplist.
If we're going to uplist, and it appears we are, we need to embrace it and start pushing this pps up. We have the power. So let's kick the tires and light the fires.
Lessons from history tell of a great and influential president that galvanized our country, gave its people a purpose, and pushed our nation to the lead in the space race, as well as the cold war. How did he do it? He did it by telling the American people that a change in perspective was needed to give the country strength. His message was to "ask not what your country can do for you, but what you can do for your country".
By strengthening our pps, it strengthens our company, which then strengthens each of us. Its time for US to move the needle.
summary: bomb 1 -- multiple indicators that MKGI 9the anchor that has been holding us back) is out of shares and will confirmed tomorrow with their next filing. Also notice that on very small volume as evidence from last week, as well as today, the pps can and does move very easily on very low volume.
Bomb 2
from Anshu's response regarding R/S that expired on 1/11:
"Running this late into the financial calendar changed our planning so we will let that January date lapse and SIMPLY RESET A NEW RANGE IN 2020"
Note the phrasing, "reset". Is Anshu trying to throw us a bone, a hint maybe, to inspire confidence of the catalysts to come? I would think that more appropriate language would sound more like "amended", "revised", or even "reestablished" over reset.
He can't come right and say it, but I think he is trying to tell us that the new r/s range will come out in conjunction with and announcement about reset biosciences.
Regardless, any transition can be scary. If we as stockholders believe in our company, we need to "charge that hill with everything we've got. The uplist is necessary to the growth of our company, and therefore an embracing of the R/S is necessary. The pps will move now without monaker's interference. Moving the pps up will lessen the growing pains that we might experience with the transition.
right now we need purchasing volume
somebody please help ceaa to grasp the meaning if he or she is still having trouble.
Time top drop some DD bombs! I'm gonna use each of my 3 posts to drop 3 different bombs today. Try to keep up. I sometimes let my brain get ahead of my fingers.
This is from the 11/7/19 MKGI filing:
Sale of Verus Series A Preferred Stock
On October 29, 2019, the Company entered into Stock Purchase Agreements with each of (a) Monaco Investment Partners, LP, of which Donald Monaco is the managing partner and a member of the Board of Directors of the Company ( “Partners”); (b) William Kerby, the Chief Executive Officer and director of the Company (“Kerby”); and (c) Simon Orange, a member of the Board of Directors of the Company (“Orange”)(collectively, the “Purchasers” and the “Stock Purchase Agreements”). Pursuant to the Stock Purchase Agreements, the Company agreed to sell the Purchasers 25,562,500 shares (1,562,500 shares to Kerby and 12,500,000 shares to each of Partners and Orange) of restricted Series A Convertible Preferred Stock of Verus International, Inc. (formerly known as RealBiz Media Group, Inc. (“Verus”), which the Company then held (out of the 44,470,101 shares of Series A Convertible Preferred Stock of Verus which the Company then held) for an aggregate of $425,000 ($25,000 from Kerby and $200,000 each from Partners and Orange), or $0.016 per share. The purchase price for the Verus shares was determined by the Board of Directors of the Company, based on among other things, the recent trading prices of Verus’ common stock on the OTCQB Market, as publicly reported. The sales contemplated by the Stock Purchase Agreements with Partners and Kerby closed on October 30, 2019 and the sale contemplated by the Stock Purchase Agreement with Orange is anticipated to close shortly after November 4, 2019.
Each of the Purchasers agreed not to sell or transfer any of the purchased shares for a period of 30 days following the closing.
Nest has already pointed out that MKGI is having to borrow more money from Monaco. He theorizes and I agree with him that it is because they are out of VRUS common shares. This posting that I just copied and pasted from MKGI 11/07 filing also shows that they are selling off their preferred shares (TO THEIR BOARD MEMBERS). If nothing else, Monaco and his cronies have proven that the health of their company is secondary to them getting paid personally. So, I believe that they are buying preferred shares from MKGI not only to raise capital, but to satisfy their true ambition, which is personal wealth. They are using VRUS preferred shares to get rich because they have seen what is coming.
IT IS TIME TO RALLY, TOMORROW'S FILING FROM MKGI WILL CONFIRM THAT THE ANCHOR WE HAVE BEEN DRAGGING IS GONE!
I'll send my next bomb in about an hour. 3 different bombs coming and each has the ability to encourage VRUS shareholders to kick the tires and light the fires
CAN I GET AN AMEN!
I don't know what everyone else is looking at, but with this low volume IN CONJUNCTION with the rise in pps, tells me something. It tells me the selling is over! THE CHASE IS ON! Jeez...when the news starts dropping at any time, this will go ballistic.
I would like to borrow of my favorite lines that gets stated a lot on this board
"LOCKED AND LOADED"
"VRUS GOLD ON SALE AT COPPER PROCES"
"MOMMMMA WEEEEEE GONNNNNA BEEEEEE RICHHHH"
and last but not least....an oldie but goldie
"BOOM...BOOM, BOOM,...KABOOM"
Coach, I appreciate your response and candor. The fact is, I was considering pulling everything and watching for a while, but after reading the article I began to consider the hold throughout stance. Actually, that is the direction I've decided to go with this. I just wanted to get a barometer reading on other investor's thoughts and you have been the most outspoken proponent for the uplist to date.
Since this is my last post of the day, I would also like to respond to you, Ksycheng. This last year I turned 33k into 62k by April by timing the dips. And I think it would be a safe assumption that many who read this board, whether the post or not have had success timing the dips. It is foolish to think that there are those that are not considering it, and I am quite sure all of them are aware of Warren Buffet and his advice.
So in summation, if you think holding throughout is the best practice, then by all means, say it. But no one here really needs your child like quips and insults.
I think most of us would also appreciate a little humor such as, "Am I holding?...Does the Pope wear a funny hat?" Maybe something like that. BTW...if you have Warren's contact information and he's interested in expanding his skills at timing the dips, tell him to reach out to old snozzberry. I know a few people that are pretty good at it, sometimes. Although, don't mislead him into thinking that its a good idea all the time.
Have a good day everyone.
So Coach...maybe you didn't see my post about the options listed in the the "not selling" article by AKRE and wanting to know if you had any thoughts about selling then buying the dip vs. holding throughout. What is your thought? Do you think its better to sell then buy back on the dip? or hold throughout? Thanks. I look forward to your input
Thanks to the person that posted the AKRE article, "THe Art of (Not) Selling". It provided an alternate perspective to consider. It may have even changed my course of action moving forward.
I was wondering though, are all the uplist cheerleaders planning to hold through the uplist process?
How about you Coach? You've been touting the merits of uplisting for some time now and seem to have a solid grasp of the process and consequences of those processes.
The article provides for the sell off, then rebuy at a lower pps mentality vs. the buy and hold throughout mentality for the sake of uninterrupted compounding of the position. I was just wondering which side of the debate you thought would be most beneficial.
Does anyone else have any thoughts about which avenue to follow?
problem with that low ball pps prior to uplist is the requirements to uplist if we intend to go to nasdaq. there are 4 pathways to meet the requirements for uplist and the only pathway that would even be available to us is pathway 4 that requires a marketcap of 160 million dollars. our curent marketcap is 45 million...so...unless I am mistaken...our pps would have to be at least 7 cents.
There is no point in discussing your past predictions, but I feel pretty confident that if someone wanted to look up your past posts...one of them would say possibly 7 -10 cents prior to uplist. I could be wrong, but I would encourage someone with any interest in that to look it up for me and let me know so that I can apologize for not representing your predictions accurately.
But regardless, 4 or 5 cents prior to uplist is EVEN WORSE
Coachshot, I appreciate the fact that you like to keep your feet on the ground and keep things conservative, but IMO you're cheering for a launch of the boat before its loaded. I keep hearing you talk about 7 -10 cents then uplist. I think you're too eager for an uplist because an uplist at that level would be premature and detrimental. First off, we all know the pps has been held back by the Monaker Group selloff. So, when that's over, I'm pretty sure the pps will rise to previous highs on its own...naturally. Then when you add in all the catalysts that we know are coming...and then the catalysts that nobody saw coming, like the manufacturing facility, a pps increase of up to 20 cents over the next few months is not an unreasonable expectation. Whether you agree with my pps prediction or not, surely you can agree that a couple quarterly financials with growth that reflects the accuracy of the forward guidance we received from the latest investors deck can only strengthen our position. The higher the pps, the more favorable a reverse split will be. In fact, it is easier to double, triple, or quadruple your earnings with a lower pps.
Also, should anyone have forgotten, let me remind everyone that VRUS ran a ten bagger from the beginning of February till the end of March in 2019. IMO, that can happen again. I would love for downandout's prediction for 50 cents by June to be true, but I am not holding my breathe for that, either. Let's just not be so eager for the uplist.
If you don't give the grapes long enough to ferment into a fine wine, you end up with grape juice.
What are we really wanting here? Grape juice or a fine wine? Slow your roll big boy, being long means being patient. Hell, with enough patience and continued exucution from the company, we may not even need an r/s.
GO VRUS! GO LONGS! GO RELAX!
So...I feel its time for some Snozzberry ad lib. Did anyone else recognize a distinct difference in todays PRs? Please allow me to reflect a minute. During the first half of the year, we were getting regular and timely PRs from the company. So much so that investors like the ones on this board were starting to predict the timing of the next big PR. Then, over the last several months, it seemed like the timing of the PRs was a little off. They were still coming, but they were coming after hours when there wasn't a chance to have a great impact on pps or they weren't coming at all, such as when the $600k loan was paid off in advance. I know that myself as well as others were scratching our heads as to why the PRs weren't being released in a manner that would benefit the shareholders, or so it seemed.
Then today it all changed. The first day after the end of year tax loss selling stopped, we get 2 amazing PRs about the potential for top notch accounting as well as the hire of Robert Holtz. And not only did those PRs come immediately after the end of tax loss selling, but they came before trading hours.
This leads me to speculate and assures me that our PR team are geniuses. Let me explain. At the least, team VRUS found out about the Monaker Group selloff no later than we did. By releasing seemingly mistimed PRs, did they intentionally keep the pps from getting to hot? Did they want Monaker Group to need to sell more shares to make the money they needed to operate, thereby depleting the sooner? Have they been watching the trading patterns like we have and come to the conclusion that Monaker is nearly depleted and that is why we got a brilliantly timed PR (actually 2) today?
Maybe I'm reaching...but the fruit sure does seem to be getting closer. And if that was what they were doing that caused so many of us to complain about timing of PRs for the last several months...once again they showed their intellect and prowess when it comes to executing a plan.
Like I say...I could be wrong,...but I could be right. I think they're freaking genius. Anyway, anyone paying any attention can not deny the apparent and abrupt change in the Modus operandi of the timing of todays PRs.
GO VRUS! Can I get an Amen!?!
come on in there, Debo (I saw you). this is like calling out Santa's reindeer. Come on JohnnyV, T Fairy, Nest, and Coach...German Col, BBDog, KIPK, and PRO. From the top of the board, to the top of the Wall(street), let's spread the good news to investors large and small.
CAN I GET AN AMEN!!! HEY, THIS ALL CAPS STUFF IS FUN. NOW I KNOW WHAT CHIHUAHUA SYNDROME FEELS LIKE
From what I am reading, it is definitely time for a snozzberry pep rally. OK...let us look at the potential here. Our beloved stock has been held down for months by the Monaker Group sell off. So...because of that and the preponderance of excellent news (mergers/aquisitions, product line expansion, the addition of top notch, high profile team members, financing, initiation of manufacturing facilities, etc), VRUS share price is wound up like a spring just waiting for someone to pull the trigger and launch this puppy into the stratosphere. Yes...we have even more exposure scheduled to come in the conference mid January that BLF is participating in. Yes...we have annual financials coming in late January as well that will give forward guidance that can't be ignored. Yes...we have first quarter financials that will add additional propulsion to the already meteoric rise caused by the previous 2 events. BUT, the trigger that will release the spring, even without all the upcoming events will be mid January when Monaker Group's financial report shows that they are either out of VRUS shares or are nearly out, thereby allowing the share price to ascend to where it would naturally be had we not had to endure the Monaker dump. And if they still are holding enough shares to continue to hold back our pps, it is only a matter of time for them to deplete there position. In my humble opinion, the longer they hold back the pps, the tighter the spring becomes. Just be ready when it does come! Because when all that built up tension releases it will be nothing less than explosive! GO VRUS! GO LONGS!! GO JUMP IN A LAKE ALL FUDSTERS!!!
I have a theory as well, or maybe a concern. I'm concerned that Don Monaco has something to do with it, since his company has used vrus as their atm since July. I think it will work itself out eventually, but I am curious what your theory is
Does anybody know if Don Monaco is loading up on the shares that MKGI is dumping? or maybe I'm just thinking about him getting personal shares for something else? If I remember correctly, he did take shares as a bonus or something like that. Anyway, that's not what I'm trying to find out. I'm wondering if he is loading up besides that bonus. Thanks to anyone that might be able to respond.
Hey Consul! I'm gonna tell your babysitter that you're on her laptop again. And, BTW, when she makes you get off of it, I want YO MOMMA AND YO SISTA out of my house. Please come get them before I have to get ugly
I'm not sure what an ibox is, but I'm talking about the charts on this ihub board that appear just below the article referencing verus' aquisition of a controlling interest in nutribrands
chart update request...I've noticed that in the last few weeks, the daily and weekly charts on this board haven't been updated on a regular basis. personally, I love having those available on this board and wonder if whomever has been responsible in the past to start updating those charts again. It would be awesome to see these beautiful green candles from the last several trading days.
to what/which news are you referring?
after all the gut punches we took when monaker's selling was outed and became public knowledge, it has been refreshing to see our stock make some quick recovery, if for nothing more than to just remind us what an outstanding company we have with verus and what an incredible investment this will be when we get past the interference. Now that I feel better about my position with verus, and hope that everyone else feels better as well, I think we should starve Monaker out completely. They need the money? I know it seems counter intuitive, but we should stop buying anything over a penny until they are out of shares. Excellent deal for us, tough teetah says the cheetah, for them. Wouldn't it be nice if we could run them out by the end of this calendar year?
EXACTLY CROZZ!!! Thank you. So...I contacted FINRA and got the information on how to file a complaint online or through snail mail. I just wanted to make sure that this warranted an investigation into manipulation before I "cry wolf". Since this is my first day...I', pretty sure that this is my last post (3rd). So if anyone else has any insight/opinion/input, it would be greatly appreciated. I won't be posting anymore tonight, but you can bet I'll be following the board for advice. Thanks all! I believe in this company and its leadership and find myself to not be very tolerant of shenanigans that mess with my money and believe me, where I may lack in tolerance, I excel in patience when everything is as it should be.
this is to shotsky and anyone else. I'll figure out how to do a reply response later. So...I understand that if I put in a limit order tonight for say 0.034 and it opens with an ask of 0.025...from my understanding, it should fill at the lowest published price (ask) at 0.025...not 0.0205 which might only be slightly above the bid and lower than the current pps. I mean...if the MMS can fill at a price lower than the lowest ask...thereby dropping the pps...then what is the point of having an ask. I guess I am probably naïve in thinking that I, or any other investor, should be able to trade and make decisions based on the current published bid and ask prices. Because if that is not the case, then MMs can completely dictate the pps by selling shares at say...0.001 if they wanted to. What a bargain, right? We can buy all the meaningless shares that we want if the price can always be undercut. I admit...I may be naïve...but this practice seems to fly in the face of a fair and organic market.
Hello everyone. This is my first post. I have been holding and adding since April and have been following this board since I first purchased my initial positions. I have been following closely all the monkey business that has been used to manipulate this company from MM ceilings and hidden "asks" to the Etrade restriction that seemed to never end. So...the reason, after all this time, that I decided to join the board is because I have found, what seems to me, to be a new form of manipulation, and I wanted everyone to be aware of it and maybe let me know if this has always been happening, but I am just now catching on. So, from watching the L2, some of you may recognize me as the multiple 250 share buys from the other day. Since I am a fidelity customer and they have eliminated their commission charges on the OTC, I placed a lot of buys to see what would happen (since it didn't cost me anything). What I found was...when a put in a limit order to purchase shares on the "ask"...my order would be executed at a lower price, thereby lowering the pps. I contacted Fidelity and they told me that ETRF was giving a better price than the ask and that I should be grateful for paying less. I am grateful for the lower price, but if my purchased lower the pps, (and I saw that a lot today with other people, as well), then there is no way to organically grow the pps by purchasing shares since that is supposed to be what happens. purchases are supposed to grow the price per share and sells are supposed to drop the pps unless I completely don't understand how the market is supposed to work. And btm, the fidelity rep tried to tell me that my purchases at the lower price did not affect the pps (which I know is inaccurate, since I can see it does on the L2). FEEDBACK PLEASE! I'm sick of the manipulation