Verus International Inc (VRUS)

[ApollyonZ]

Vrus! No Nasdaq if ever, why?

..must be $4.00..alternative of $3.00 or $2.00
..companies must meet all of the criteria under at least one of the following standards.

Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no single year in the prior three years can have a net loss.

Standard No. 2: Capitalization with Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.

Standard No. 3: Capitalization with Revenue
..average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.

https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/

Minimum requirments of three year positive cash flows has not been meet and IMO MKR knows this as does the finance expert CEO. Now if spinoffs exceed $850M for 12 months then yes but relativism 99.9% probability Vrus will not trade in Nasdaq, which means 6B shares is sealed in the 14C to finance operational cost via future toxic dilutor and Ceo’s Gorged annual salary+bonus requirements. Last but not least the break even point for Vrus at 1.5B shares was $6M and now the AS is 7.5B diminishing share holder value grossly!

Good luck to all