InvestorsHub Logo

Pro-Life

02/14/19 11:27 PM

#130 RE: Pro-Life #129

Pay attention... from VRUS friend GermanColombia:

It's incredible the amount of so-n-so's that started to appear looking for cheap shares. That is the reason why they are spending their time here. But these actually are great news, because they know the direction we are going to move.

I have been a longtime shareholder, but just started to post short time ago, mainly because I can’t stay indifferent when lies are spread all around just to scare unexperienced shareholders off their shares. I'm convinced this is going to run hard and I am invested the most I can, as I'm sure is the case for a lot of smart traders that will not let the so-n-so's take their shares. I’m actually selling other positions to buy at these incredibly discounted prices.

In case somebody believes what has been repeatedly mentioned about the notes and warrants conversion and exercise price (the basher is saying they are going to be converted at 0.001 price, which is a total lie. 0.001 is just the par value). Here is the truth taken from the related 8K filed on Feb 11th 2019:

The conversion price in both cases is 90% of the lowest sale price per share during the 30 Trading Days immediately preceding the date of the Notice of Conversion. This is spectacular. It is not normal on OTC, just 10% discount. Normally discounts are around 50%.

Convertible note (pg 114 of pdf):

b) Conversion Price . The “ Conversion Price ” shall be determined as follows, subject to adjustment herein as provided in Section 5 below. Except during the occurrence and continuation of an uncured Event of Default, the Conversion Price shall be ninety (90%) percent of the lowest sale price per share on the Principal Market during the thirty (30) Trading Days immediately preceding the date of the Notice of Conversion (“ Base Conversion Rate ”).



Warrant (pg 81 of pdf):

(b) Exercise Price . For purposes of this Warrant, “ Exercise Price ” shall be determined as follows. At each conversion, in whole or in part, of the Note, the Conversion Price in effect for such conversion of the Note shall become the Exercise Price hereunder and shall remain so until the next immediately following conversion, in whole or in part, of the Note. Additionally, the number of Warrant Shares as to which this Warrant shall be exercisable at such price shall be the same number as the number of Shares received upon such conversion of the Note. Upon each and every subsequent conversion, in whole or in part, of the Note, the Conversion Price in effect for such subsequent conversion shall become the Exercise Price hereunder and shall remain so until the next immediately following conversion, in whole or in part, of the Note and the number of Warrant Shares as to which this Warrant shall be exercisable at such revised price shall be the same number as the number of Shares received upon such conversion of the Note. In the event that, for any reason, there has not yet been a conversion, in whole or in part, of the Note, then the Exercise Price shall be ninety (90%) percent of the lowest sale price per share on the Company’s Principal Market during the thirty (30) Trading Days immediately preceding the date of the Exercise Notice.



This filing proves the transparency of the company in its January 13th tweet:

Finally, this 14C should not be feared or judged in isolation, as with it nothing negative as happened. No dilution and no reverse. We are working to avoid dilution at the low price and market cap. We look forward to laying out our game plan in greater detail in our next update



PD: Sorry if my English is not so good

$VRUS