Verus International Inc (VRUS)

[Renegades17]

I don't think the selling was related to converts

The volume this week was much bigger than the tranche of converts that came up for maturity recently. I will stand by my claim that it was Monaker, but I suppose we'll have to wait to find out. Regardless, it appears that the selling might have FINALLY exhausted itself.

The absence of insider buying from the new Board members suggests to me that a material event (ie. new financing) is in the works. I'm sure there will be some dilution associated with that (it's inevitable for a venture stage company), but it would free the company to sign additional business.