InvestorsHub Logo
Followers 241
Posts 6903
Boards Moderated 0
Alias Born 01/21/2017

Re: None

Wednesday, 11/20/2019 9:51:22 AM

Wednesday, November 20, 2019 9:51:22 AM

Post# of 186029
About Monaker:
Monaker has been around since 2012, either as part or whole owner of the businesses of which Vrus is or was a part. VRUS exists as a standalone company now, having extricated itself from previous managements, ownerships, and businesses. In return for this extrication, VRUS issues stock to Monaker to satisfy the court and stakeholders...
On April 22, 2019, the Company issued 152,029,899 shares of its common stock to satisfy the settlement agreement by and among the Company, Monaker, American Stock Transfer & Trust Company, LLC and NestBuilder that was executed on or about December 22, 2017. So, those 152M shares do absolutely represent dilution, but selling those shares on the market does not - they are already in the OS.
So, essentially, VRUS 'bought itself out' of Monaker by issuing shares. Monaker of course doesn't want shares, it wants cash, so it is dumping shares at a rate that won't tank the price too badly, yet lets it recover the cash it wants.
So, there are rules somewhere that talk about the rate at which Monaker can sell those shares it got last April. We are seeing that happen, which is what is holding the price where it is. Monaker is unlikely to just 'dump' into the market, as that would further depress the share value and cause THEM to make less money on their shares.
The best thing we, the remaining shareholders can do is to keep buying up what Monaker is selling - getting rid of monaker once and for all, and allowing VRUS to begin gaining in value due to its ongoing businesses. I think VRUS will turn around nicely once those monaker shares are out of their hands.