Verus International Inc (VRUS)

[Nestegg McMuffin]

$VRUS 2-YEAR TIME LINE (updated)...

Jan 2017
Anshu Bhatnagar takes over as CEO of Rbiz.
Begins transforming moribund real estate company into global food distributor, building on his success at American Agro Group.

Hires MKR and Mark Forney.
Impeccable PRs who took eGain to Nasdaq, now doing their IPO.
”To Rbiz investors, we ask -- give us a chance,” said Mr. Bhatnagar. “Our incoming team has previously built very successful operations in the international food distribution space, so our goal is to quickly create a large, profitable company."

December 2017
Ashu settles year-long legal fight with old Rbiz management so new incarnation can run free.
(This was the moment I realized Anshu was the real deal. A protracted court case with aggressive, litigious toxic lenders and deadwood shareholders is no picnic. He stuck with it and ensured terms that could allow Vrus to go on to thrive.)

Monaker chief Don Monaco personally backs him. “I believe in Verus Foods’ business model and want to help the company begin its growth phase,” explained Mr. Monaco. “This funding provides the company with the solid footing it needs as it lines up additional sources of working capital. I am looking forward to watching the Verus story unfold in 2018.”

July 2018
FINRA approves Rbiz spin-off into Nestbuilder (no relation)
Vrus revenue for first half of 2018 is $2.24 million, a 102% increase over first half of 2017.
Anshu’s global contacts in food biz paying off already.

August 2018
Verus name change.
Not quite the rocket fuel some predicted, but longs sit tight as Investors Presentation is released.
https://docs.wixstatic.com/ugd/703a12_f83d91291d66422b8492592693f41a65.pdf

Sept 2018
Company posts a 77% increase in sales for the first nine months of 2018
Gets Chris Cutchens as Interim Chief Financial Officer (CFO). SEC compliant filings.

Winter 2018
Mark Forney manages expectations as company enters self-announced quiet period and then …

Feb 2019
Vrus gets $1.45 million in funding from Cronos whale Andrew Garnock; retires toxic notes from four creditors -- "paid all convertible note holders in full and resulted in a gain on extinguishment of debt of $681,945."
Monaker and Don Monaco and Rick Berdon all stay invested (you bet they did).

Feb. 28, 2019
$10 million honey deal announced for Europe and Middle East
Verus to offer 20-30 different SKUs. Getting shelf space is big breakthrough.

March 05, 2019
$4 million rice deal annually for Dubai market.
Anshu: “This is exactly the kind of contract that we believe we can replicate many times over.”

March 19, 2019
Vrus announces annual sales of $5.8 million for fiscal 2018, 101% increase over 2017.
Operating cost actually go down! Guy knows how to run a tight ship.
Quarterly sales set to grow in excess of 100% year over year and “accelerate significantly” throughout 2019.
This is one ambitious CEO.

March 25, 2019
Revenue hits all-time high of $2.4 million in Q1/19, 145% increase from prev. year’s Q1.
Net Loss improves 45.8% over Q1/18, despite extensive one-time costs severing Rbiz ties.
Largest funded backlog in Company history — $24 million for delivery over the next 12 months.
Six months earlier Anshu said he expected Vrus to reach $20M in orders. Voila. This is a CEO who knows how to execute and deliver.

April 2019
Monaker on its conference call says of its Vrus investment: The company is doing well and they expect to “recover several millions of dollars”. (Current value of their shares is about $2m, so they’re holding in anticipation of growth. You bet they are.)

Easter 2019
Anshu tweets about “new beginnings” for Spring, and lo and behold --

April 26, 2019
Announces first M&A deal with Big League Foods to sell Major League Baseball-branded frozen dessert products and confections. The license covers all 30 MLB teams. It's a turnkey op that will generate revenue very quickly.

IR confirms there is no threat of dilution from any of the old warrants. All paid off.

More dominoes and S1 coming...

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Nest