Verus International Inc (VRUS)

[GermanCol]

Yes, another 8-K filed Yesterday. Unfortunately another toxic convertible note (40% discount to previous 15 trading days minimum price).

https://www.otcmarkets.com/filing/html?id=14637781&guid=0mJKUpikzTELk3h

The Holder of this Note is entitled, at its option, at any time after cash payment, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company’s common stock (the “Common Stock”) at a price (“Conversion Price”) for each share of Common Stock equal to 60% of the lowest closing price of the Common Stock as reported on the National Quotations Bureau OTC Marketplace exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future (“Exchange”), for the fifteen prior trading days including the day upon which a Notice of Conversion is received by the Company or its transfer agent

I am always honest on my comments and want to admit to this board that after all these years I was fooled by this crook Anshu and lost a lot of money. I hope some day this liar goes to jail as he deserves.

Also, I was doing some DD on his other company and just found something ugly he did there and that I think he is going to do here, is really disgusting. He converted his warrants for free shares and obviously sold it as something he was doing for the company.