Verus International Inc (VRUS)

[Renegades17]

I think they will post a profit

Assuming they can generate more than $3mm in revenue, they should easily post a profit. The CEO knows that he needs a higher stock price to affect a reverse split at a reasonable ratio (ie. 10-30 to one) so he can have some liquidity for the stock to eventually raise equity. The only path to getting there is by showing the market the profitability potential of the business. The gross margins were very strong and easily leave room for a healthy profit once revenue scales.

I think we'll get some PRs on new business wins in July. Hopefully that will help boost the stock price to a more reasonable level.

Not sure who's selling here, but it's a buy IMO. I've stated my valuation case in a prior post, so I won't rehash.