Verus International Inc (VRUS)

[Justjoe1979]

Yup new low trade of .0019 allows noteholders to convert now at .00095! Remember all of their notes are now in default because they were severely late on filings and can convert at will.

The last bit of dilution of 31M shares(a 56% increase in the OS by the way) only covered about $35,000 in debt which was probably mainly interest leaving the principle to continue to build interest at an exorbitant rate. The death spiral has begun with most of the noteholders converting also having lawsuits against them.

$5000,000+ in toxic debt, 0 revenue, 4 lawsuits and a shareholder settlement they still haven't paid out.

This is a losing proposition for anyone.