Monday, January 14, 2019 2:07:53 PM
In terms of Q3/2018, management is noting the following items of importance:
Q3 2018 results were significantly impacted..default provisions of the convertible notes payable
..Verus is currently in discussion with the remaining convertible note holders concerning the potential payoff of the notes..proposed recapitalization
..“We are attempting to forge a path that minimizes dilution, but maximizes growth,” said Verus CEO, Anshu Bhatnagar. “We have the funding right now through our trade financing to achieve annual revenue of close to $20M if everything falls into place..
.. there is no guarantee that Verus will be successful
https://www.otcmarkets.com/stock/VRUS/news/RealBiz-Media-GroupVerus-Foods-Reports-Q3-Fiscal-2018-Results?id=204748
Chief Executive Officer 2017 $175,000
https://www.otcmarkets.com/filing/html?id=12647915&guid=Wqj8UK29eJves3h
Pattern of promises millions in revenue & CEO banks as noted both cases.
Good luck
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