Like anything, this too shall pass. I am holding strong!! I did not sell 1 share! My opinion on the situation, goes like this: The pps hit was taken at market open, so why would I sell after that (rhetorical question)? I wouldn’t because I didn’t. Yes this is not a good look for the company, but it’s only a setback “for the moment.” The hit to the pps was taken right away. No time for anyone to get out and keep the small gains accumulated over the last week or two. So it is what it is, anyone can take the loss and go or stick around and see what happens, those are the 2 choices.
I think they will have this addressed sooner than later and get right back on track with the 10K and then the Q1 10Q. McCutchens and the Audit Firm obviously had a difference of opinion on interpretation of the reporting. We have a top tier CFO, who can decipher what changes need to be made or not made. He’s on the side of Verus which happens to be the same side that I am on. He’s advising Anshu on this decision, so the changes that need to get made will get made and all of this will get put in the rear view. Do, I like how this was handled, absolutely no. No one does, but do I still believe in the overall company, a resounding yes. End of story, that’s my decision and mine alone. If I’m right, I own it...if I’m wrong, I own it! This is the decision for me, not anyone reading this.
If anyone feels differently about the company after today (and no one needs anyone else telling them how to feel). Then liquidate your position and go.
The cards haven’t been revealed yet. This is classic Verus. Anyone who was invested in Verus at the end of 2018-Beginning if 2019 remembers how agonizing that quiet period was, but so much was happening behind the scenes that we didn’t know about, and all while the pps was not reflecting any of it. Until the news started flowing, then Boom - 5 bagger. This year is starting to feel a lot like the beginning of 2019. The pattern is setting up very similarly. This is when Anshu drops the bombshell!!!
Yes I’m tired of watching this stock not get credit for any of the business accomplishments over the last year. And please don’t say it has anything to do with the share structure. That’s not a rational argument. Markets react on percentages. It doesn’t matter, if the pps is represented in dollars or cents. An investor is going to invest what they are going to invest and buy however many shares that investment amount allows. The gain is the percent those shares increase that matters. Valuation increases the same way. VRUS is highly undervalued at these share prices. Mid teens are early 2019 pps numbers and look at all of the acquisitions and accomplishments that have occurred over the last year. It’s truly exciting, to wait for a proper valuation.
I’m holding out for the “Watch what happens” moment!!!
Just my thoughts... -C
$VRUS
