Verus International Inc (VRUS)

[Renegades17]

There's a lot to clean up before an uplist

To their credit, they are taking some of the right steps like upgrading their auditor. That said, the financial reporting needs to become more granular, the Board has two members that own no stock, the share price is a long ways from qualifying (won't belabor the RS issue, but it's an overhang until completed) and now the market cap doesn't even qualify (at least for most tiers that I've seen, perhaps I'm wrong in that regard).

So let's not get ahead of ourselves, the company hasn't quite matured to the point of being able to uplist in many respects.

Let's also not forget, Anshu talked about uplisting in 2019 at this point last year and it obviously didn't happen (at least to the Big Board or Nazz). Uplisting OTC tiers isn't worth much IMO, but perhaps some were satisfied that constituted an "uplist". Please refer to the press release from March 2019 if you don't believe me.

https://www.globenewswire.com/news-release/2019/03/25/1767243/0/en/VERUS-INTERNATIONAL-INC-REPORTS-145-INCREASE-IN-QUARTERLY-REVENUE-ANNOUNCES-LARGEST-FUNDED-BACKLOG-IN-COMPANY-HISTORY.html