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
Oohvie App Update Enhances Women's Health with Telemedicine and Online Scheduling • HLYK • Nov 11, 2024 8:00 AM
SANUWAVE Announces Record Quarterly Revenues: Q3 FY2024 Financial Results • SNWV • Nov 8, 2024 7:07 AM
DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • DBGI • Nov 7, 2024 2:16 PM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • SMX • Nov 7, 2024 8:48 AM
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq • RAKR • Nov 7, 2024 8:30 AM
SBC Medical Group Holdings and MEDIROM Healthcare Technologies Announce Business Alliance • SBC • Nov 7, 2024 7:00 AM