Verus International Inc (VRUS)

[Nestegg McMuffin]

$VRUS Monaker 8K update: looks like Monaker Group management is personally buying Verus shares off their own company as it craters!
Hilarious.

Monaker got the shares originally at .015; management generously decided they can buy them for themselves at .016.
Bet that was a tough negotiation.

Don't forget CEO Kerby took 5m Verus shares in July instead of his cash bonus, already knowing Monaker would be selling off its 100m+ Verus shares in the coming months and dinging the price.

How badly do these guys want to own shares in a winning company?

https://www.sec.gov/Archives/edgar/data/1372183/000158069519000445/mkgi-8k_102919.htm

Sale of Verus Series A Preferred Stock

"On October 29, 2019, the Company entered into Stock Purchase Agreements with each of (a) the Donald P. Monaco Insurance Trust, of which Donald Monaco is the trustee and a member of the Board of Directors of the Company (the “Trust”); (b) William Kerby, the Chief Executive Officer and director of the Company (“Kerby”); and (c) Simon Orange, a member of the Board of Directors of the Company (“Orange”)(collectively, the “Purchasers” and the “Stock Purchase Agreements”).

"Pursuant to the Stock Purchase Agreements, the Company agreed to sell the Purchasers 25,562,500 shares (1,562,500 shares to Kerby and 12,500,000 shares to each of the Trust and Orange) of restricted Series A Convertible Preferred Stock of Verus International, Inc. (formerly known as RealBiz Media Group, Inc. (“Verus”), which the Company then held (out of the 44,470,101 shares of Series A Convertible Preferred Stock of Verus which the Company then held) for an aggregate of $425,000 ($25,000 from Kerby and $200,000 each from the Trust and Orange), or $0.016 per share.

"The purchase price for the Verus shares was determined by the Board of Directors of the Company, based on among other things, the recent trading prices of Verus’ common stock on the OTCQB Market, as publicly reported. The sales contemplated by the Stock Purchase Agreements with the Trust and Kerby closed on October 30, 2019 and the sale contemplated by the Stock Purchase Agreement with Orange is anticipated to close shortly after November 4, 2019."