Good morning, GC. To the best of my knowledge all registration statements must be filed for public viewing before they are declared effective by the SEC.
A nonpublic review process does exist (see link below) whereby companies can submit registration statements and work with the SEC, confidentially, to get everything correct, however Verus does not qualify for such review because it is only available to companies doing IPO's or within one year of an IPO. Even if they did qualify for nonpublic review, they would still have to file the S-1 for public viewing at least 21 days before the date they expect to have it declared effective (the link says 15 days but I think that has been changed). So, all that being said, I think we will see the Verus S-1 filed on or before July 1 and then it will be up to the SEC (review or not review) as to when that S-1 will be declared effective.
It is great news that Garnock and Verus have been able to work together to iron out whatever issues may have arisen. Let's hope it is a long and fruitful relationship, because we should all benefit in that case.
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