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Thursday, August 09, 2018 11:46:15 AM
Structurally the spin out is complete. However, Alex at NestBuilder hasn't managed as little as to get the 90s era "under construction" banner of their website, signaling no movement to the market. Also, no filing for a ticker symbol. And it certainly doesn't look to trade any time in the immediate future.
Verus (currently trading as RBIZ, but no symbol filing just yet—not a big concern for me, but a nice-to-have) is trading as it did before the spinout, as one might guess, because other than separating the books and creating the new entity, markets have no new information about the one thing that is inhibiting performance: the elusive financing piece.
Also, there should be more product photos and activity in parallel via PR and Twitter. This stock moves on activity and frankly it doesn't take much work for Verus investors to feel okay with direction. That is given that there is a sense of direction and activity. They go in fits and starts, but markets need consistency.
Let's be more consistent, Anshu. It's not a big ask.
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