Replies to post #1040 on Verus International Inc (VRUS)

[Renegades17]

The SCB financing is trade related

It's not for SG&A, but to finance A/R and Inventory. These bridge deals, like PowerUp, are just being used to finance operating expenses. I'd prefer they have a more permanent solution in place (and continue to press management about that), but they are reluctant to do a longer-term deal due to more penal dilution. At least with PowerUp, they can prepay the debt and the interest rate is reasonable for a company of this size (or lack thereof).