Verus International Inc (VRUS)

[Renegades17]

Thanks for sharing

I don't agree with much that was said. Anshu hasn't had a conference call for over a year, so that's effectively how long the quiet period has lasted. It hasn't helped the stock. The notion that the quiet period has only been a recent phenomenon is a fallacy.

He's talked about a financing package for several months and there's been no details released. Anshu needs to step up on the corporate finance front, which he's failed at to this point. His business development skills are impressive and I have little doubt that he has a lot of connections in the GCC, but he's been miserable in terms of managing the capital structure. I know there were mitigating circumstances, but he can't keep making excuses.

Mark has told me to be patient since this time last year. I have been and will continue to hold because the stock is absurdly cheap just on the $20mm in realizable revenue, but I'm a little tired of their whining. They have to deliver on key milestones and reward their shareholders.

I have given them numerous suggestions on options to address the share count and recapitalize the company in a shareholder friendly manner. I hope they follow at least some of my suggestions.