Replies to post #61288 on Verus International Inc (VRUS)

[ApollyonZ]

Vrus! What does the penalty line read for failure to meet Terms?

Being realistic!

Cheers

[GermanCol]

I totally agree with you NoMoDo.

Also, how can ApollyonZ dare to say this is toxic. Conversión Price is only at 10% discount from market price. With such a small discount, the only way the investor can really benefit is with share price going higher and higher. ( Benefit $ = Discount % * Share Price)

This small discount is really strange on the OTC.

The Note is in the original principal amount of $1,250,000.00, and bears interest at the rate of 8% per annum, payable on the six (6) month anniversary thereof and at maturity (November 8, 2019). The principal balance of the Note is convertible into Common Stock at a variable rate which is ten percent (10%) less than the lowest daily price of Common Stock for the 30 days immediately preceding conversion.

Link to SC 13D (See Pg.6 of pdf)