Verus International Inc (VRUS): VRUS! $5.00 per share.."Conversion Price...

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ApollyonZ

Re: ApollyonZ post# 56842

Wednesday, 01/30/2019 8:18:58 AM

Wednesday, January 30, 2019 8:18:58 AM

VRUS! $5.00 per share.."Conversion Price".. $0.05

Form 4A 1/11/2019

(5) Each share of Series C Convertible Preferred Stock is convertible into such number of shares equal to the Stated Value divided by the Conversion Price. "Stated Value" initially means $5.00 per share and "Conversion Price" initially means $0.05 per share.
(6) The Series C Convertible Preferred Stock have no expiration date.

http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=13152534&companyid=774051&ppu=%252fdefault.aspx%253fcik%253d1430523

Grade D Bearish!

https://otcbb.swingtradebot.com/equities/VRUS:OTC

Moving Averages: Strong Sell Buy (0) Sell (12)

https://www.investing.com/equities/realbiz-media-technical

No such thing as self-imposed quiet period, VRUS was more active with filing pre-14C, upcoming RS and form 4A. How does $5 convert to $.05 horrible return? Upon factoring additional 6B shares and RS $5=$.05 = 10% original net worth or 90% lose on effective date IMO.