Replies to post #91307 on Verus International Inc (VRUS)

[kingpindg]

To the best of my knowledge, and math skills, Garnock and wife now own 26% of Verus' outstanding shares. If he exercises the Warrant, in full, they will own 39.6%.




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[esq10]

It's 553,999,999 divide that by (553,999,999 + 1,500,000,000) approximately.

[Axolotl]

Aren't the shares being added on to the A/S of 7 bil?

The old 1.5 bil A/S was already maxed out with 1.5 bil oustanding so that would require the issuance of new shares.

Which is why the S-1 needs to be filed.