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Wednesday, October 14, 2020 8:03:41 AM
they are a huge firm who helps companies up list on exchanges
The R/S is required due to VRUS getting in over-their-heads w/ DILUTIVE FINANCE and running out of available shares in the SS.
This has been explained previously to those who continued to insist there would be no R/S.
'Uplist' is an age-old OTC promise that ain't happening.
It's just held out as a carrot by OTC con-jobs to encourage naive retail investors to continue holding their shares.
I agree w/ share buybacks, but if you peek at the financials VRUS has NO FREE CASH FLOW to enable buybacks.
The Balance-Sheet sucks and Costs exceed Sales Revenues.
VRUS is essentially broke and growing losses every quarter so far. Which is why they're in this pickle.
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