Verus International Inc (VRUS)

[GermanCol]

Everything mentioned in the post I'm replying to is absolutely false for the following reasons:

1. Nobody can dump shares that are not available. As we all now the authorized shares are maxed.

2. The small volumes traded and the considerable increase in prices for the past months speak for themselves that no dumping has been done. It actually shows the opposite, shares are scarce and mainly in very strong hands.

3. Even if the shares were available it would have been illegal for AG to dump without the corresponding filings and I'm sure he is a very honest person.

4. AG's purchase Price is not 0.0014, it is actually much higher and depends on the trading price for the last 30 days before converting. Take a look at the filing that YOUR OWN LINK refers to and you will find a (1) near the 0.0014. If you read note 1 in the same filling , it says "1. Subject to adjustment". That adjustment refers to the reality of the conversion price, as I'm explaining below:

From the SC 13D:

The shares issuable upon conversion of the Note are subject to anti-dilution protection. As of the date of issuance, and assuming the “Recapitalization”, as defined in Item 5 herein, takes place, the Note would have been convertible into 925,925,925 shares of Common Stock at issuance.

https://www.otcmarkets.com/filing/conv_pdf?id=13237097&guid=Aji3U6epy98KQ3h

(See Pg 6).


As of the date of issuance, the calculation would have been done taking into account the minimum price for the 30 days before that date, that was 0.0015 and the calculation of the conversion price and number of shares would have been the following:

Conversion Price = 0.0015 * 90% = 0.00135
Number of shares to be converted = US$1,250,000 / 0.00135 = 925,925,925

And this 0.00135 rounded is where the 0.0014 comes from.

Guess what? The price continues increasing day by day because of the way share price have been behaving, so the more delays we have, the better for us longs.

5. In our case, the conversion price for the notes and warrants is 90% of the lowest sale price per share during the 30 trading days immediately preceding the date of the Notice of Conversion. This is very unusual in the OTC, just 10% discount. Normally discounts are around 50% because investors are just looking for a short term - high percentage benefit over a low share price. The lower the price goes before conversion, the better for them. On the other hand, when discounts are so low, as is our case, the investors get the benefit not from a high percentage of discount, because they don’t have it, but from an expected high share price increase. That is the way they benefit, with prices going really higher. As this is the case, there is no incentive for them on getting out in the short term, the real benefit comes from waiting for the prices to go higher.

Incentive per share = Discount % * Share Price.

This formula also incentivates the investor to keep the shares waiting for higher prices instead of dumping them to the market after conversions.

Wait, just one thing was right in your post, AG is a Smart man, I totally agree.

$VRUS