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Tuesday, August 21, 2018 9:40:22 AM
https://www.otcmarkets.com/stock/RBIZ/news/RealBiz-Media-Group-Corporate-Update-Announces-Completion-of-Spin-off-and-New-Contract-Covering-Multiple-Products?id=201229
"In that regard, Verus is happy to announce that it has reached an agreement to supply a Dubai-based food seller with up to $1 million (USD)/month in multiple vegetable, fruit and meat categories. Initial products are expected to include mangos, onions, potatoes, eggs, mutton, beef and poultry sourced from suppliers in several countries. Financing is being finalized and will utilize a Letter of Credit (LC) and non-dilutive European and U.S. sources."
"non-dilutive" = no new shares! Reverse split is not needed until up listing to NASDAQ to meet the minimum price per share. We might meet that with enough new contracts.
We need to up list to the OTC first and meet the requirements to the best of my knowledge.
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