Replies to post #95513 on Verus International Inc (VRUS)

[SierraTrader]

Thank You Germancol! I appreciate your help.
ST

[Asyp]

25.19% of common excluding 500 mil in warrants

9) Includes (i) 146,068 shares of Common Stock held by Andrew Garnock’s spouse and (ii) 576,999,999 shares of Common Stock held by ARJ. Excludes (i) 500,000,000 shares of Common Stock issuable upon exercise of the First Warrant issued in favor of ARJ which contains an ownership limitation such that the holder may not convert any of such securities to the extent that such conversion would result in the holder’s beneficial ownership being in excess of 9.99% of the Company’s issued and outstanding Common Stock together with all shares owned by the holder and its affiliates. Andrew Garnock is the Manager of ARJ and in such capacity has voting and dispositive power over the securities held by such entity.

[Elkay11]

GermanCol, if you could take a peek at pg 32 of the S1, and let me know what you think.

It clearly separates ARJ and Andrew Garnock and it shows he and his company ARJ own 50%. The two batches have diff amounts in the 500M range.

Not sure who pointed it out when the S1 dropped, but it appears that 50% is what Garnock and Co own, as per pg 32.