Replies to post #821 on Verus International Inc (VRUS)

[Renegades17]

5% shareholders and insiders

I went through the last proxy filed in November 2016. 5% shareholders and management own about 1/3rd of the total shares outstanding (assuming conversion of the preferred). That's still a lot of stock out there for float, but the bid/ask spread and volumes do seem to indicate that the float could be a lot smaller.

This could get very interesting after the reverse split and name change. I would expect the CEO to have a lot of news announcements lined up too. He seems savvy when it comes to needing a higher stock price to help finance growth. He also owns a lot of stock per his employment agreement, so his incentives are aligned.