Verus International Inc (VRUS)

[JOHNNY-VEGAS]

DEATH SPIRAL FINANCING

Enron was a textbook study in deception.


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revenue $6,173,662 for the three months ended January 31, 2020.

Cost of revenue totaled $5,040,105 for the three months ended January 31, 2020.

a net loss of $2,503,288 for the three months ended January 31, 2020, compared to a net loss of $338,489 for the three months ended January 31, 2019.

At January 31, 2020, we had $245,836 of cash and a working capital deficit of $610,342 .

an accumulated deficit of $30,997,878.


As of April 20, 2020 OS 2,330,764,404 BILLION shares.

AS 7,500,000,000 BILLION shares .

On January 2, 2020, the Company entered into Amendment #1 to the convertible note dated July 1, 2019 in the principal amount of $605,000 (including a $90,000 original issuance discount), amending the conversion price. As a result of this amendment, the outstanding balance was determined extinguished and a loss on convertible note payable extinguishment of $355,317 was recognized, and a new liability was established. On various dates through January 31, 2020, the outstanding principal and accrued interest was converted into an aggregate of 81,623,171 shares of the Company’s common stock at an average conversion price of $0.009527, resulting in the recognition of a loss on convertible note payable settlement of $368,456. At January 31, 2020, 66,525,117 shares, valued at $465,675, are to be issued.