Replies to post #55254 on Verus International Inc (VRUS)

[TruthFairy222]

Yep, that had me intrigued..

You know how you're listening to someone, and they say some crazy shit that makes you raise your fist to your own mouth and go "oooooooooohh"!

Now he has to deliver, I think those Twitter trolls pushed too many of his buttons and now he has something to prove, that's good for us!

$VRUS

[sello]

Hoping we see an 8k on financing before the 10-k. Anshu is now stating that everything is set except for paying off the notes. The first note due is the note from Don Monaco and the one year anniversary is Jan 31rst.

Anyone who has been following along knows that Verus has been in negotiations to pay of all the notes and fund a portion of this $100+ back-log with a "syndicate of investors", i.e. venture capital.

The reason for this large increase in the A/S is most likely to provide a form of collateral for the funding. To pay of the notes and fund a portion of the back log I figure a minimum of 3 million but with the size of this increase I'm thinking more like 5-10. Hopefully coming with a 12 month conversion date.

If this is the case I'm not sure if the deal could be finalized until the A/S was effective or if they could close the deal based on the approval with a contingency of it being made effective.

Jan 31rst is a big date.

A/S becomes effective
Monaco note matures
and the 10-k is due

Looking like everything is being timed around that date but a pr on agreement to pay off the notes and fund operations could come the end of this week or next IMO.