Replies to post #57045 on Verus International Inc (VRUS)

[stockdarockk]

How many times have they did anything positive for shareholders. Its now a month deep in 2019 and you keep hearing the same stuff. Also, how many of you own shares in a spin-off no one can do a thing with? Its been awhile now. How much, and how many lies now? Ill give credit where credit is due. BUt I wont back blindly. I think something bad is happening here. Cant they do one thing they say? I mean a 10k being earlier than Jan 29th? What is todays date? More and more lies.

[GermanCol]

I agree with you. That makes sense taking into account what was stated in Q3 Fiscal 2018 Results PR

Q3 2018 results were significantly impacted by the inclusion of one-time line items associated with the reorganization and a large, conservative reserve for certain default provisions of the convertible notes payable. We expect that much of this reserve will be reversed in a future quarter.

[Renegades17]

One problem with your logic

They can't retroactively adjust the balance sheet and P&L for an event (the 14c) occurring this year. The 10-K was as of Oct 31, 2018. The balance sheet is for a point in time.

In my view, the delay pertains to disclosures relating to liquidity and going concern. If they can get a financing deal done, the liquidity and going concern sections look markedly different (and more favorable obviously). This also helps with incremental debt capital raises, should they be required, over the course of FY 2019.

[rrb123]

what about the mergers

[Ronnie Gringo]

Thanks Sello, makes sense to me as well.