Verus International Inc (VRUS)

[Renegades17]

A few thoughts

There are a lot of perplexing statements in that update. First, how is it possible to uplist to a major exchange (presumably NYSE or NASDAQ) in Q1? Doesn't leave a lot of time. Second, he tries to make a relative valuation argument based purely on growth rates without discussing mix or margins. I was very optimistic when they discussed a 12% net margin target in Q4 back in July, but they've backtracked off of that and now I don't know what to expect. Third, Anshu said the RS authorization will lapse and now he's essentially intimating that one will take place given the desire to uplist in such short order. At least be honest with shareholders.

He's laid out a very ambitious set of goals. We'll see what gets done.