Response from Mark this morning
"I am losing track of the number of emails with similar questions, so you are not alone in your thinking. There is no insider selling, no new shares being issued, and all of the selling is normal trading. Verus was one of the top performing microcaps in the first half of 2019, so we expected a bout of profit taking at the last peak. We also expected the selling to get ugly and overshoot its targets, because this is a penny stock and subject to the expectations of penny stock traders.
Those expectations are rooted in the idea that "someone knows something" when selling kicks in. I can guarantee you that is not the case, because investors have not seen even 1/3 of the game plan yet. This is classic profit taking and message-board induced angst that has no connection to the reality of what is going on in the business. We don't dispense investor advice, but the company has guided to triple digit growth pretty much through 2020. That is six quarters of top tier growth. The quarter that started yesterday will be the first that has the full MLB-product sales, the recent financing, and the revolving line for a full quarter. Consider that Anshu generated 150%+ growth in the last reported quarter with none of those elements in play. So, the company has a very real opportunity to go into hyper-growth mode in Q4/19 if it can execute to plan. Plus, there are the wildcards (M&A, etc.) that are high impact items.
Sure, there are unknowns, such as whether people will like the ice cream. But, in the near future Verus will have products in thousands of stores and everyone in those first markets can judge for themselves.
We are working on the ETrade situation as well, so stay tuned on that."
