Verus International Inc (VRUS)

[ApollyonZ]

VRUS! Debt is owed, AS raised 7.5B RS authorized!

https://www.otcmarkets.com/stock/VRUS/disclosure

10K late why?

..CEO Anshu Bhatnagar. “Our goal was to create a structure that minimized dilution,.. its 10-K, which was delayed while the debt settlement was in process.

https://www.otcmarkets.com/stock/VRUS/news/Verus-International-Announces-145-Million-Financing-and-Retirement-of-Notes?id=218192

Fancy words for broke, had to burrow again, but no worries all paid for by Share's and S holders!

14(C).. Approve an amendment..(i) increase the number of authorized shares of Common Stock of the Company to 7,500,000,000 ..Grant discretionary authority..up to 1-for-400 (the “Reverse Stock Split”)

Minimize implies there "is" dilution, and Debt is still owed along with increase of AS to 7.5B, followed by winning a RS, IMO and per the chart a certified-hyped P&D.

GLTA