Deep breath. Regroup. Time for a $VRUS ‘take stock’ list…
1) New base established in the .014s,
more than double where we were only a month ago.
2) Price spikes on news like yesterday are exciting, but stock always need to re-stabilize. Reversion to the mean, Fibonnaci, etc. But a big spike like this one that often brings in the Clay Pride March.
The problem with many Clay-Timmy Sykes disciples is they can’t actually day trade! (Neither can I, tbh, which is why I’m a honest good karma long.) So they kill stock runs for a few bucks and feel like they’re a world beater. One Sykes acolyte actually boasted on twitter this week about a $12 profit from Verus. ($12!)
True longs know the flipsquad will drift away soon enough.
2) Dilution issue. Ryan has lots of email history with Mark, so pretty certain it’s true. (Certainly sounds like Mark with the correct spelling, etc.)
No need to panic, although super low price predictions before power hour probably doesn’t help.
Al things considered, Garnock’s warrants pretty good way for Verus to get funding -- and massive legitimacy let's not forget. Garnock did buy 23 million shares with his own money to start with, so he's in it to win it. Small potatoes for him, but he’s not dumping anything. (Check his Cronos investment.) Especially when he knows better than any of us where this is heading, and he could well have been a linking factor in some of the upcoming M&As.
As others have pointed out, when he gets shares, the company gets money so it cancels out any negative effect of dilution and boosts company’s ability to do deals.
In short, he’s a f—king whale who builds, so I’m happy to follow in his slipstream.
3) I like that Mark deals with this stuff directly, even if there’s a potential negative reaction for the short-termers. He’s clear and responds to questions as openly as he can. It once again confirms to me that he is an IR we can trust. And in turn we’re a board that can process facts objectively. (With a few dishonorable exceptions who shall not be named and shamed as I am currently incarcerated in one-post-a-day iH*b boot camp until I learn restraint.)
4) Just checked. Yup. Verus is still the same great company with the same products, same long-term strategy, same ambitious personnel.
5) Updates are coming any day, plus next 10q due in two months is already set to show profit if anyone needs a comfort blanket during any intraday trading drama.
It's all good.
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