Replies to post #54494 on Verus International Inc (VRUS)

[confuciussay]

would be nice to see #7 in writing... I'm more than happy to stick it out if I knew for sure no r/s until uplist. vrus

[asymmReturns]

Point of precision on #7...

The potential reverse split must take place within 12 months. They could always do another corporate action, but this one won’t make it permissible more than a year out. Technically 20 days from Friday + 1 year, if I recall correctly.

[rrb123]

If you think about it the 10 k is out its just in the mail as we speak

[gemmerling]

I hope VRUS does what I highlighted below for shareholders.

Procedure for Implementing the Reverse Stock Split

The Reverse Stock Split would become effective upon the filing or such later time as specified in the filing (the “Effective Time”) of a Certificate of Amendment to our Certificate of Incorporation with the Delaware Secretary of State. The form of the Certificate of Amendment to our Certificate of Incorporation is attached hereto as Appendix B . The exact timing of the filing of the Certificate of Amendment that will effect the Reverse Stock Split will be determined by our Board of Directors based on its evaluation as to when such action will be the most advantageous to the Company and our stockholders. In addition, our Board of Directors reserves the right, without further action by the stockholders, to elect not to proceed with the Reverse Stock Split if, at any time prior to filing the Certificate of Amendment to the Company’s Certificate of Incorporation, our Board of Directors, in its sole discretion, determines that it is no longer in our best interest and the best interests of our stockholders to proceed with the Reverse Stock Split. If a Certificate of Amendment effecting the Reverse Stock Split has not been filed with the Delaware Secretary of State within one year from the Record Date, our Board of Directors will abandon the Reverse Stock Split.