Replies to post #51285 on Verus International Inc (VRUS)

[confuciussay]

In the last pr I believe the ceo talked about being very close to putting together 2 different mergers or acquisitions. One that was already in line with what vrus does now and the other that would offer something different. IMO that's what's holding things up and could really make the wait a good thing for shareholders.. VRUS

[sello]

Yeah we just made all that merger stuff up. haha In addition to the PR's that spoke of the potential mergers, IR has followed up with multiple emails. The latest have stated that the process is in the final stages and that a decision is expected very soon. The whole reason for the lack of communication here is because of the "multiple parties involved" also per IR.


8/16

We are currently in near-term negotiations involving new contracts, sources of financing and, for the first time, merger and acquisition opportunities – each of which could have a material effect on our capital structure and the strategic direction of our business. We expect to have clarity on some of these initiatives in the next several weeks.”

9/24

Verus can confirm that it is in very late stage discussions with two M&A candidates, one that would represent a line extension into existing markets; and a second that would create significant vertical integration opportunities and new facilities on two continents.

Due to the nature of multiple, very late-stage negotiations, the Company has decided to hold its investor call in coming weeks rather than immediately after this earnings release, so that these strategic initiatives can become part of the discussion.