Tuesday, April 28, 2020 5:47:01 PM
I have been a CFO in large and small companies for more than 10 years and a VRUS shareholder for more than three and let me tell you that I have attended a lot of audits. Auditors are not dumb, maybe some don't know or act as they don't know, but Auditors cross check information with customers, suppliers, tax authorities, etc.
Also, for the ones that are getting scared, look at this PR from Aug, 2019:
https://www.globenewswire.com/news-release/2019/08/26/1906792/0/en/VERUS-INTERNATIONAL-SIGNS-13-5-MILLION-CREDIT-INSURANCE-POLICY-SELLS-OUT-FIRST-RUN-OF-MLB-ICE-CREAM.html
And do some DD on who is Euler Hermes, in case somebody say they are helping to fabricate revenues.
Finally, take a look to the Accounts Payable that increased 28% Vs. the 22% increase on Accounts Receivable. Using the same logic of some here, the company increased Accounts Payable to show false expenses. Just funny.
Pro-Life excellent job keeping it real and giving a lesson to the ones that need it.
$VRUS strong!!
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