Emsco - here is Marks Email -- been sitting on this email sense Tuesday, but I will post it just to show that its real and everyone has been awesome about posting there. Also, i just want to say if anyone questions my numbers, go check out the 8K the business plan is there, and then google Brazil energy drink market...its all out there.
Here is the email:
Mark Forney
Nov 6, 2019, 3:16 PM (2 days ago)
to me
First question was about the upcoming conference. Funny the second question was about the NB deal -- then that afternoon they posted all the stuff on twitter!
1.) Anshu will be presenting twice, once for Verus and on a separate day, for mPhase. The presentation will most likely be webcast.
2.) The Nutribrands deal was a little light on revenue detail, but they will put out some more near-term projections in the future. Nutribrands is part branded product company, part distributor, but it is Brazil based. Most of the product is sourced in the U.S. They needed funds to really expand, so Verus's new revolver can be used to kick up their growth rate. In particular, the Vivamil energy shot (which is the leading five-hour-energy type product in Brazil) has tremendous potential. This was just one of multiple deals in work. As mentioned in the last call, Verus had more than one late stage M&A deal in play. The M&A market right now in Verus's target revenue range is really dynamic.
3.) The stock is suffering from classic panic selling, but it is all driven by non-core events. Nothing has been reported that would derail the prior projection for triple digit growth out into fiscal 2021. Monaker is selling shares based on their own funding needs. so anyone with a long-term belief in Verus should consider these prices an opportunity. We certainly do not like to see the stock battered, but this is one of those unusual circumstances that is outside of our control. Verus is an elite growth stock -- that has not changed since the last earnings call.
Never apologize for good questions.
Mark
Market Data 
Markets 
AI
