Verus International Inc (VRUS)

[GermanCol]

I really can't believe someone can post this totally out of context, putting it together with a sentence that refers to the whole company, when that comment refers to Discontinued Operations:

Our total revenue decreased to $216,316..we had $28,554 of cash on-hand, a decrease of $222,747.

The whole quote should have been the following:

Discontinued Operations

Revenue

Our total revenue decreased to $216,316 for the year ended October 31, 2018, compared to $386,179 for the year ended October 31, 2017, a decrease of $169,863 or 44%. The decrease is primarily the result of the continuing decline in our legacy virtual tour business and only nine months of revenue in 2018 due to the spin-off which was effective August 1, 2018.

This actually is great news too, getting rid of previous operations.


On the other hand, yes the company lost $3,083,478 in the fiscal year, but here is why:

Revenue 5,802,037
Cost of revenue 5,053,453
Total Operating Expenses 1,659,082
Operating (loss) income -910,498
Interest expense -320,527
Loss on settlement of acc payable and conv debt/Other -914,353
Default principal increase on convertible notes payable -938,100
Loss from continuing operations -3,083,478


The Operating loss was only $910,498 of the total and there were two events that are not going to repeat, related to the previous toxic debt and its settlement (also great news) that totaled almost 2 million dollars. And keeps getting better, a substantial part of those losses are going to be credited in following financial reports as stated by the company, which means more income. Also interests are going to be lower.

I also subtracted the 3Q from the whole year income statement and what I found is the following for the 4Q alone:


Revenue 2,196,148
Cost of revenue 1,941,451
Total Operating Expenses 560,037
Operating (loss) income -305,340
Interest expense -142,448
Loss on settlement of acc payable and conv debt/Other -655,077
Default principal increase on convertible notes payable -144,773
Loss from continuing operations -1,247,638

One time events mentioned above and higher interests again affecting results, but the operating loss was just $305,340, so we are just starting and already almost profitable.

Wait for the 1Q report and other PRs coming in the following days or hours and you will see what Will happen to the share price.

Finally those comments about going concern are standard and normal disclosures for companies that are starting, is a legal requirement.

Sorry for the long post, but I cannot stay quiet when I read posts like this. I hope this gives more clarity to the new investors, the ones watching on the sidelines and any doubters.

This is going to be much bigger than we all think.

$VRUS