here is a post from dw from our sister board it is a older post but it is a good read i thought i would share it here . i also got his permission to repost it here.
Posted On: 03/10/2019 7:18:37 PM
Posted By: dw
VRUS EXPLAINED:
The whole story of $VRUS !!!
A lot of attempts to portray this company in a negative light using bits and pieces of information without providing any context or big picture perspective. Hopefully this gives a little of that often lacking perspective.
Anshu Bhatnagar came into RBIZ wide open in 2016, landing contracts worth in excess of 100 million dollars, even an exclusive deal to distribute Disney branded juices in the UAE. The future was looking extremely bright. Then came a legal quagmire that was to hold Verus hostage for most of 2017 and well into 2018. With a 5.5 million dollar lawsuit hanging over RBIZ and threatening the entire company, Verus, by association, was forced to resort to far less than optimal loans just to maintain the minimum levels of the contracts they had acquired. Despite this, Anshu was not only able to show some moderate growth but also began forming the infrastructure that would pave the way for future growth.
Though a lengthy and difficult process Anshu prevailed! He freed Verus from any liability, was compensated for legal expenses, settled a secondary lawsuit against him personally by former management, and through the process of a spin off and conversion of all notes under the old business, took control of the company.
On August 16th 2018, as what Mark/IR described as a reverse merger 2 years in the making, Verus Foods finally broke free of the former business and became Verus International, Inc.
Since that day, just a little over 6 months ago, Verus has obtained and began delivery on a reoccurring order that quadrupled their previous revenue at a rate of 1 million a month, retired all defaulted notes without penalty, attracted the investment of the described “angel” investor Andrew Garnock who’s investment in Cronos predecessor has grown from 3.5 to 67 million in value, and now expanded their presence into Europe with the latest 10 million dollar contract.
But as incredible as all that is, its just the beginning. The real fun has not even started! In addition to the organic growth that we have already begun to see, Verus has also promised an expansion through a series of mergers and acquisitions to commence once the planned recapitalization, effective any day now, becomes effective. The first two were described as follows.
“Verus can confirm that it is in very late stage discussions with two M&A candidates, one that would represent a line extension into existing markets; and a second that would create significant vertical integration opportunities and new facilities on two continents.”
While confirming via both by twitter and email that nothing has changed with the current merger strategy, IR has stated that those were just the opportunities available at the time and since then even more opportunities have arisen.
We are also currently awaiting on a revised 10-k, again expected any day, and with the 10-k a corporate update along with what the company has described as a “master plan”, months in the making.
I would highly recommend to anyone looking at this stock to take some time to get the big picture. Check out their Twitter page, read the news releases on OTC markets, and go through the filings. Everything I have stated here is easily verifiable if you are willing to invest some time.
The IR firm MKR Group who typically only represents the big boys, described Verus as unique in their universe, then went on to say that VRUS is unique in anyone’s universe.
This is one you will truly not want to miss!
$VRUS
Mike Roberts
@mikeroberts
Love it :not-one-care:
