Verus International Inc (VRUS)

[Nestegg McMuffin]

$VRUS Transcript from Monaker Group conference call...

"We’ve now have free trading common shares [in Vrus] and a few more preferred shares to be converted.

"We understand that their business is doing well.

"It’s something that we may be able to monetize at some point; there’s no direct plans we can talk about.

"We are seeing a boost in our mark to market based on the asset [Rbiz] that was carried on our books at zero.

"It is now has monetary value that we’re receiving shares in that company so it is an asset that we think can become useful to us.

"We have no restrictions on selling. We inserted a blocker to make sure that if we were over 10% that it couldn’t stop us from selling.

"Our chairman has actively worked with this food company to help it move forward. We’re not going to be stupid about any liquidation plans that we may get into with it because of the fact
that again, the higher price goes, the more money we can generate for it.

"So we want to see them do well, but we also want to make the point that this is not a core asset for the company [Monaker] and it’s a potential means for us to recover several millions of dollars."

On Andrew Garnock:
“There’s a very affluent investor who has taken a pretty sizeable investment and interest in Verus after having some very great success at Cronos.”


You can access recording here or on MKGI board here:
https://www.startmeeting.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0001.freeconferencecall.com%2Fstorage%2FsgetSM%2FaHPiB%2Fyumx&subscriptionId=722069

Verus talk starts at 31m mark and again at 38m.

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Nest
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