Verus International Inc (VRUS)

[ApollyonZ]

VRUS! Default..convertible notes payable..(793,327)..
..Legal and professional fees 44,215..Net loss (759,088) ..convertible promissory notes..908,250
..The Company incurred a net loss of $1,576,655 for the nine months ended July 31, 2018...working capital deficit of $1,208,361,..and an accumulated deficit of $25,018,786.

..At July 31, 2018 and October 31, 2017, there was $1,349,618 and $975,250 of convertible notes payable outstanding,..Additionally, at July 31, 2018, the Company was in default..default provisions include..interest rates..18% to 24% per annum,

https://www.otcmarkets.com/filing/html?id=12975437&guid=sQmtU6VAlJ3eR3h#FORM10-Q_HTM_A_010

Often a deficit, loss, default and leads to reorganization also known as IMO Chap 11, securing Ceo's salary and internal controls. Signs are very clear 6B shares for payments/diluting share holder value.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146465805