Verus International Inc (VRUS)

[Mithras]

Excellent point, Will - The company has let their actions do the talking for anyone paying attention and they have provided a forecast that doesn’t take a rocket scientist to crack the code:

1) Three financing arrangements in place prior the conference call - a Libor+points LOC and two repay or convertible loans at .10/share in November (and lenders look for discounted share price in conversion loans) - what did the lenders know and why November?

2) CFO states during the conference call that he can’t comment on pending M/As because they have not closed but significantly increased legal fees shown in 10Q are associated with late stage M/A activity.

3) Big time General Counsel hired with monster M/A experience...for little ole Verus Foods???

4) Institutional Investor conference in December. Items 1-3 suggest they’re not going to show up with their hats in hand - definitely going to be a show and tell.

IR has consistently stated it’s all about execution. I think we’re very close to seeing exactly what is being executed. Some things are worth waiting for.

I’ve averaged up the last two weeks (free money as far as I’m concerned)... and I’d be averaging down if I had been a little later to the party.