Verus International Inc (VRUS)

[Renegades17]

Sure, nothing is impossible



I think 2020 has proven the old adage "expect the unexpected". That said, this stock has 5 BILLION shares outstanding at this point. When I first bought, there were 240 MILLION shares outstanding. My first purchase occurred the day after Anshu's first earnings call. I'm not ashamed to admit that as I averaged down and got out at very profitable prices. Anshu also said in calls back in 2017 that he would never allow VCD to convert. We all know how that turned out.


Not to stroll down painful memory lane, but giving this management team the benefit of the doubt has proven hazardous. If you've held this long, it might make sense to ride it out for various reasons (hope, tax loss etc.). If you're a prospective buyer or trader, perhaps you get a bounce. For this stock to create real wealth, management needs to get a clue about value creation and demonstrate an understanding of cost of capital.