Verus International Inc (VRUS)

[Renegades17]

That's true

Questions:

1. Did he do this to clean up the balance sheet liability that he had to record due to insufficient shares?
2. Did he increase the A/S in anticipation of deals (ie. reverse merger to acquire additional assets)?


The R/S is largely irrelevant at this point since even a 400-1 split doesn't accomplish much. Moreover, they already had a RS approved.

Company needs to follow up with a PR to explain why these actions were taken. Everyone should ping Mark demanding some answers.