Verus International Inc (VRUS)

[shotsky]

You need to read more of the filings. This year alone, over $2,000,000 has been borrowed, backed by shares that caused the AS to balloon to 7.5 billion. Those loans are due and payable before the end of this year, or they will be paid with shares. CAN YOU SAY DILUTION???
There will be no share repurchases while this scimitar hangs above their heads. Any profit goes to pay down these loans, not buy company shares on the open market.
The hope is that they can actually make enough profit to pay these loans, but there is a reason that an RS is already approved, up to 400 for 1...the OS cannot balloon up to multiple billions and still have a hope of any kind of uplist. And don't forget, that RS if it happens will severely reduce the number of shares you own, and while the share price will reflect that immediately, these thing seldom hold their new share price after the split. I immediately exit any stock that announces a reverse split, then wait until the smoke clears, and then, if warranted, I buy back in - that happens about 1 in 10 times...