Verus International Inc (VRUS)

[ApollyonZ]

Vrus! Ceo failures global but still gets paid.

Admittance!

..in order to avoid defaulting upon its obligations, the Company must satisfy certain covenants in its debt..
..upon the conversion of its outstanding convertible debt instruments and preferred stock;.
..additional.. will provide..without limitation, future financings
..These shares may be issued without stockholder approval at any time, in the sole discretion of our Board of Directors.

Reverse Split

The Stockholders approved the Reverse Stock Split by written consent in lieu of a meeting on January 11, 2019.

..We believe that a decrease in the number of outstanding shares as a result of the Reverse Stock Split may decrease our annual Delaware franchise tax liability..

https://www.otcmarkets.com/filing/html?id=13183030&guid=PnNtU6TnBUz6rZh

Is Delaware taxes paid into 2019?

..Company shall periodically sell stock, in Private Placements of Common Stock from the reserve, at a price of not less than $.00005 per share..of total liabilities of approximately $1,300,000 of the Company on December 31, 2018. To the extent that such liabilities are not extinguished or agreed to be settled by July 11, 2019,

..The overall Transaction may result in significant future dilution to existing Shareholders of the Company.

..There is no source of cash funds Mr. Bhatnagar is using to enter into the Transaction.

https://marketexclusive.com/mphase-technologies-inc-otcmktsxdsl-files-an-8-k-entry-into-a-material-definitive-agreement-2/2019/01/

Ceo Salary+Bonus dissection!

..an annual base salary of $175,000, (ii) an annual discretionary bonus, as determined by the Board and (iii) warrants (the “Warrants”) to purchase 37,500 shares exercise price equal to $240 per share. Mr. B..until such time as he owns 20% of the Company’s

https://www.otcmarkets.com/filing/html?id=12647915&guid=9eW8UKfz-6Xxz3h#FORM10-K_HTM_A_019

Bod left bonus amount out but clues from side job-cookie raid has clues?

..cash based base salary..(US $275,000)
..award Executive (100%) of..Base Salary (“Annual Cash Based Bonus”).

https://sec.report/Document/0001213900-19-000649

$175k (assuming realistic double bonus)
$275K plus 100% bonus
Total= $900-1M double bonus?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146926589

Accumulated deficit $25million, signs $75m deal, can’t pay bills?

..I want to take a moment to answer a question about my recently announced involvement

I want to take a moment to answer a question about my recently announced involvement with mPhase. This will be explained in an upcoming press release, but investors should know that this will have no impact on any of the initiatives at Verus International. $VRUS

— Anshu Bhatnagar (@AnshuB9) January 14, 2019

Fessing up after getting caught raiding two cookie jars doesn’t make it acceptable.

Long story just doesn’t add up IMO except a piercing loud dinner bell for predatory financing! All publically available filings by Company!

Glta