Verus International Inc (VRUS)

[dvice]

Ha! Ya, defaulting on a loan is no big deal, no big deal when the interest rate skyrockets and you now owe 3x times as much in interest payments alone. No big deal for a company who isn't profitable and still has to take out notes to fund whatever it is that they're doing out there. Oh, and how about this one for a nice $312,500:

"The Note matures on July 1, 2020, bears interest at a rate of 4% per annum, and provides a security interest in all of the Company’s equity ownership interest in its wholly owned subsidiary, Big League Foods, Inc."


No big deal right? Probably not according to your delusional way of thinking

https://www.sec.gov/Archives/edgar/data/1430523/000149315220005947/form8-k.htm