Replies to post #57489 on Verus International Inc (VRUS)

[DewmBoom]

This has nothing to do with the poor GROSS MARGIN of 13.5%. Let’s focus on company’s poor performance and unsustainable business.

[Renegades17]

Obviously didn't come close to this..

For reasons we've discussed ad nauseum, but keep this in mind when framing the first full UNENCUMBERED year of operations:

New Company Highlights and Guidance: Verus Foods (source: Press release dated 2/8/17)

Revenue is expected to total at least $50 million for the full year fiscal 2017 (ending October 31, 2017)
Revenue for the third quarter of fiscal 2017 (ended July 31, 2017) is expected to be approximately $20 million
Revenue for the fourth quarter of fiscal 2017 (ended October 31, 2017) is expected to be approximately $30 million

Anshu has said in the past on numerous occasions that the revenue capacity of the company on a quarterly basis is at least $15-$20mm. Keep in mind, this guidance was based mostly on the initial $78mm beef deal, though he may have been assuming other deals in the pipeline converted.

If he can reiterate this type of guidance, the stock should rerate a lot higher and we'll be off to the races. I've repeatedly reminded him of this guidance in the past. I know you read the board Mark..put out a press release like this again and show the path to financing this level of revenue. It's what long-term shareholders deserve!