Verus International Inc (VRUS)

[Mithras]

Posted it before...posting it again:

The CFO’s statement on the conference call regarding the significant increase in legal fees reflected in the quarterly finaincials relating directly to late stage M/As and his inability to comment - ‘because they have not yet closed' is exactly why this will keep climbing. And it certainly won't be the end of the story here. These dips won't even register in the chart next year - maybe sooner.

Legal and Professional fees for the 3 months ending 7/31/19 = $266,592 (Most recent Q)
Legal and Professional fees for the 3 months ending 4/30/19 = $76,538 (Prev. Q - included BLF/Major League Baseball Licensing acquisition!)

$200k+ in M/A associated legal fees...WTF's to wonder about here?

Who forgot that the new full time CFO moved his family from Florida for $75k a year and only 30 million shares - fully vested in 3 years. When the guy that runs the numbers (and could make a lot more than $75k freelancing) takes 30 million shares, I take the cue.