Replies to post #57464 on Verus International Inc (VRUS)

[BeeDoubleU]

That is AS.. Convertible debts will be paid off as per official twitter.. no dilution.. imo

[ApollyonZ]

Vrus! Reasons for the Increase in Authorized

..in order to avoid defaulting upon its obligations, the Company must satisfy certain covenants in its debt..
..upon the conversion of its outstanding convertible debt instruments and preferred stock;.
..additional.. will provide..without limitation, future financings
..These shares may be issued without stockholder approval at any time, in the sole discretion of our Board of Directors.

Reverse Split

The Stockholders approved the Reverse Stock Split by written consent in lieu of a meeting on January 11, 2019.

..We believe that a decrease in the number of outstanding shares as a result of the Reverse Stock Split may decrease our annual Delaware franchise tax liability..

https://www.otcmarkets.com/filing/html?id=13183030&guid=PnNtU6TnBUz6rZh

Default..convertible notes payable..(793,327)

https://www.otcmarkets.com/filing/html?id=12975437&guid=sQmtU6VAlJ3eR3h#FORM10-Q_HTM_A_010

Does Vrus have a certificate of good standing since taxes are noted above?

https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx

Bankrupt companies Imo often increase the AS to meet note obligations. The language in the filings is alarming but expected given Ceo’s downlow other side jobs.

Glta