GC and serious long boardmembers...to be discussed
It is clear that Verus had to pay all pending convertibles notes and debts to go on, and that they felt lack of economical support once AG exits, so we can say that we have to welcome WL for the much better terms for the financial needs that the company urgently required
Believing in August 19 Verus tweet regarding that no insider neither WL were the ones involved in a huge amount of shares traded, we can assume that were a lot of retailers, flippers or new investors, such that they change it drastically the pps....a lot of selling, but a lot of buying too
when you assume...
So according to my theory, what occurred is that they paid all the notes according to the table presented above (they probably used all or part of last 3 notes to pay in cash part of previous notes still outstanding) and then on Monday 24th of August or around that date they sold to White Lion and final sale price will be around $0.00114 (0.0012 * 95%. 0.0012 was the lowest price on August 24th and for the whole week). With that money from WL they will pay all or part of the last notes for $165K, $153K and 63K plus Monaker note (according to dates agreed by VRUS and Monaker).
My inquire is...Dont you think that it was better for the company to wait for a better pps to obtain a better deal due to the fact that the company decides when? or they decided to pay as soon as possible to avoid bigger problems?
Anyway, if Verus are now out of the woods, finacially wise, we all here will expect an easy 0.035 come back soon, as they will report a good Q3,lets say USD6M but a really record revenues on Q4 and next Q1, really game changers to see even profit, now that they have corrected Anshus compensation
