Replies to post #65788 on Verus International Inc (VRUS)

[esq10]

Sorry but to be considered an "Insider" for legal purposes under Federal Rules Sections 10(b)5 and 16B, you have to be at least a 10% owner or more!! For the purposes of the SEC form, it just shows that our angel investor is at least, a 10% owner (38% in this case), which makes him an "Insider" which means that all Rules that apply to Directors and Officers apply to him. I hope that i am clear on this.

[NoMoDo]

This is great news... thanks for finding it:

VRUS! 10% (OWED) is not 40% ownership, reason & logic!

Waldo owes VRUS 10%. 10% of what... not even Waldo knows...but as an investor, when I find Waldo, I will make him pay.

BTW, a form 3 is used to report anyone who owns AT LEAST 10%. 40% might just be more than 10%.

Form 3 is an SEC filing filed with the US Securities and Exchange Commission to indicate a preliminary insider transaction by an officer, director, or beneficial (10%) owner of the company's securities. These are typically seen after a company IPOs when insiders make their first transactions.

[ApollyonZ]

Vrus! Bullish indicator “Company on a budget”!

Like minded!