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Tuesday, August 06, 2019 2:30:43 PM
1. This sentence from the July 8th PR when the second note convertible at a price equal to $0.10 per share was announced:
As the initial production of the Major League Baseball (MLB) ice cream commences this week, this new funding will enable Verus to accelerate the roll-out of this product category into additional team markets.
https://finance.yahoo.com/news/verus-international-signs-605-000-211457338.html
2. Slide 22 on Corporate presentation:
They are now accelerating the plan to cover the whole 30 teams within a year. This is huge!!
So guess what the annual $14M initially estimated for the 4 initial teams will be now, having it nationally and for the whole 30 teams in the first year that is already running. And this is only ice cream and candy and only Big League Foods subsidiary. Around $100M for the first year simple math would say. And put that together with the three digit percentage increase per quarter.
This is so undervalued, that’s why I haven’t sold a single share and hold tight because its coming soon when all this games and weak hands finish. VRUS strong and long.
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