Verus International Inc (VRUS)

[Backstabbed]

$VRUS - “We have been in friendly discussions with our note holders to create terms that will be more conducive to paying off the balances of these notes, rather than converting the notes to shares of our common stock,” said CEO Bhatnagar. “I am pleased that our note holders are working with us to create solutions that balance their desire to be repaid with our need to use capital to grow. We believe that we have the potential to post our best quarter in history in Q3 2020, so we appreciate the flexibility of our note holders as we return to the level of revenue growth we were able to achieve in prior quarters.”

https://www.otcmarkets.com/stock/VRUS/news/VERUS-INTERNATIONAL-ANNOUNCES-NEW-EQUITY-INVESTMENT-AND-NOTES-PAYABLE-UPDATE?id=266687

Revenue set an all-time record of $6.2 million, an increase of 153% over the $2.4 million reported in Q1 2019.

If first quarter revenue was a record $6.2M - The above PR says third quarter will be the best ever! So basically, revenue will be higher then first quarter of $6.2M+

https://www.otcmarkets.com/stock/VRUS/news/VERUS-INTERNATIONAL-ACHIEVES-RECORD-QUARTERLY-REVENUE-AND-PROVIDES-UPDATE-TO-BUSINESS-PROGRESS?id=260510