Replies to post #93804 on Verus International Inc (VRUS)

[Joecanada13]

Wrong again.

On May 30, 2019, the Note was amended by letter agreement (“Letter Agreement”) to provide for a fixed exercise price of $.0025 per share, and such Note was exercised in full by ARJ on such date resulting in the issuance of 512,333,333 shares of Common Stock. Also on May 30, 2019, the Warrant was amended by such Letter Agreement to provide that it is exercisable as to an aggregate of 500,000,000 shares of Issuer Common Stock, not the original amount of 925,925,925 shares. The RRA was also amended on such date to provide for, among other things, an extension of time within which the Company has to file one (1) or more registration statements. Finally, on May 30, 2019, ARJ and the Company also entered into a new Securities Purchase Agreement (“New SPA”), pursuant to which ARJ purchased an aggregate of 41,666,666 shares of Common Stock for an aggregate consideration of $500,000.00

[GermanCol]

The S-1 I mentioned in my reply to you was filed on June 7, 2019 and the 8-K, on May 31, 2019. So both were filed after after the original 13D from your link, that was filed on February 19 2019. The conditions were renegotiated and the company received more money and got a much better deal.

Also as is mentioned in your quote, the 925,925,925 shares were estimated and they ended being 500,000,000.

As of the date of issuance, and assuming the “Recapitalization”, as defined in Item 5 herein, takes place, the Note would have been convertible into 925,925,925 shares of Common Stock at issuance.

[Nestegg McMuffin]

Dewdrop. Thank God I listened to you and sold all my Vrus in Feb to put all my money in Onc!

That really worked out great for me.

Obviously life at the homeless shelter isn’t perfect but the other guys — mostly Onc! investors like me weirdly enough — are really friendly.

Thanks again for generously sharing such great advice.