Verus International Inc (VRUS)

[Renegades17]

Influence on share price

Yes, there could be additional news announcements that could positively impact the share price. That is always the case and no one has differential insight in that regard. That said, with the current share structure, it will take a lot of share accumulation and consequently trading volume to move the stock price up sustainably above $0.05. In my opinion, as I've indicated to you previously, that almost certainly has to come from institutions or high net worth individuals and the first couple of weeks of January were going to be telling. Perhaps this update was Anshu's "catalyst" to spur those with significant buying power to accumulate now.

Other than a share buyback, it's very difficult for a company to directly influence its share price. I don't a see a buyback in the cards here as the company is capital constrained and trying to grow at very high rates. That takes capital and reinvestment.

Anyways, I'll close the loop here on this part of the discussion. Let's see how the "market" views the update and the aggressive plan and targets laid out by Anshu.