Verus International Inc (VRUS)

[asymmReturns]

Strategically that sounds like it makes sense. The only problem with it is that this approach creates a quasi-private company, not a public one, and this was not announced as the plan and, thus, what markets were anticipating. They never alluded to this remaining untradeable for an extended period of time. Alex himself said "the long-awaited spin-off of the real estate assets of RealBiz will finally occur" in the most recent PR. Since he agrees it was long-awaited, if there was to be a lag of potentially months while they get things in order he should have given guidance and set expectations. Moreover, they should have had that strategy in place and ready to go, in my view. Finally... the under construction sign? I mean...


I think we're saying the same thing to a degree - you're saying they need a plan and some announcements to grow the product, etc. I'm saying we need more information flow across the board.