Verus International Inc (VRUS)

[Renegades17]

Didn't reduce the uncertainty much at all


Unfortunately, they didn't provide any specifics as far as AS reduction. In fact, they indicated additional shares will be required for a variety of different needs. Now, you might think that's a good thing if you believe in the growth story, but most won't.

Anshu hasn't demonstrated an understanding of cost of capital and certainly not the ability to grow and create shareholder value simultaneously. I thought Cutchens would add some discipline, but he's been a disaster as CFO to this point.

Anshu can't rebuild his shattered credibility with a PR and some empty words. Needs to do that through actions over an extended period.

The other problem now is that it takes huge volume to move the stock price given the overhead resistance from OTC traders that are down on the stock.