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Thursday, August 01, 2019 5:03:18 PM
And yes, I did say blockbuster announcement. Verus is working backwards here. Most companies at this level are desperately looking for revenue streams. Verus only needs the financing to unlock its in-place revenue potential. It’s the reason the CEO can be so adamant about only accepting M/A candidates that bring immediate revenue.
This arrangement with Columbia, providing rolling funds at Libor + rates will only increase in capital amount as existing revenue streams (backlog) are unlocked and executed. Growth was already projected as exponential prior to securing this funding stream - this is a significant multiplier for that already anticipated growth. The company has all the components in place for an incredible revenue producing machine - assembly and automation take time, but progress is very apparent and impressive.
The other caveat that hasn’t been mentioned yet (that I have seen), is that institutional financing ultimately leads to institutional investment. And I fully anticipate Verus becoming a very attractive acquisition target for much bigger market players in the near future.
Stand alone or married off, long term profits will be enormous here.
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