Verus International Inc (VRUS)

[Renegades17]

High turnover of senior execs goes further back


Extends further back then your list. Company went through two CFOs in its first year. Anshu also hired Nandini, a former exec at Walmart, to spearhead the GCC consumer foods business. She left without a peep. Just a PR to pump the stock when she was hired.

It is really sad what transpired here. Mostly self-inflicted wounds. Anshu is primarily the culprit. He calls all the shots. Cutchens hasn't helped, but the blame lays squarely with Anshu.

I'm left wondering how desperate Eliot's Nut Butter must have been to sell to Anshu (even though it was a paltry valuation based primarily on an earnout)?

I've pointed this out repeatedly, but why do TWO directors own ZERO stock? Certainly a smart decision on their part, but a red flag that has not been addressed to this point.

It will be interesting to see how the stock trades post RS and Anshu's determination of the "appropriate" AS.