Replies to post #142507 on Verus International Inc (VRUS)

[Cdub3]

You are correct.
The Q is due on the 16
So they could of filed a NT to give them 5 days. But once the Corona extension kicks on they have 45 days.
So that part is not out of date.
The 10k will put them back current only because the Q will technically not be considered delinquent. Correct me if I’m wrong

[shotsky]

We can wait and see...I've been around the OTC for a long time, and getting current almost always takes longer than expected. Just filing in itself is not enough - they review it, they can have questions that take time to answer - and we never see that back and forth. We already know one auditor found problems and we don't know what OTC's response is going to be, since THEY also know one auditor kicked it back.
As far as getting current by filing the 10K? Even if late, OTC might not make them current until the 10Q is filed. You just never know with the OTC, but from what I've seen, it almost always does not happen as early as people expect. I am not making a prediction, but I sure as hell would not place money on getting current in the next 30 days.