Verus International Inc (VRUS)

[shotsky]

The reverse split was already approved, and now there is an onboard attorney to look into and work out details. They can't uplist to a higher exchange with the current OS. It would TAKE an RS to do that, and it's already approved legally. There isn't enough money to buy back shares, so that's out until they are profitable.
Never say never. They have said they want to uplist to a major exchange, and they have an approved RS...To get a $4+ share price would require about a 200 for one split. The approval is up to 400 for one.
Everyone should understand that your portfolio value does not change in an RS, but usually, right after the RS, people sell to cash out their profit. That drops the share price quickly. And, we, retail won't be able to trade for 2-3 days while the TA and brokerages work out details. Others that are not in brokerages CAN. I've twiddled my fingers while an RS completed and timed out and lost bigly. Never again - I'll sell before, wait to see the final within say 30 days, then buy back in if things look good. But I will never, ever ride through one again.