Verus International Inc (VRUS)

[Renegades17]

Did you listen to the earnings call?

They will have at least a bridge loan deal done before the spin off. That's what the CFO is working on right now. After that, they can increase shipments on the existing contracts and then hopefully sign more. The Disney deal could open up a number of other opportunities, but we'll probably have to wait until next year to get formal guidance.

They can't raise equity until after the spin off and a reverse split, so the focus is on growing the business in a non-dilutive manner. The management team is mostly incentivized through stock, so their interests are aligned with shareholders.

It's been frustrating, but given me an opportunity to build a much bigger position than I otherwise could have. Patience will be rewarded and the risk/reward from here is phenomenal. We just need a few dominoes to fall and the sequence of positive events will be triggered.