Verus International Inc (VRUS)

[shotsky]

The 7.5 B shares are needed for the (convertible) loans. Loans that are backed by shares must be backed by actual available shares, so the AS must meet the conversion maximum, even if they never convert.
Last year, when Garnock 'invested', that loan was supposed to be backed by available shares, but it WAS NOT, until the AS was increased. THAT is probably where the new auditors balked. That was an illegal loan, and calls for restating the previous financials. Apparently the old/current auditor has no problem with it.