Replies to post #153232 on Verus International Inc (VRUS)

[therealdonnieazoff]

Keep in mind they aren’t doing the adjustment for stock holders. I bet banks and investment firms won’t look too fondly
on the agreement, they would need to make the adjustment for future funding and to move the business forward.

[SierraTrader]

Hey Crozz, I have always enjoyed your post but I feel this one needs a little more explaining.

Yes his compensation package by contract was performance based and has caused many to raise their concern on the last few 10Q's and the K. The package allowed for a max cap of 20% stock ownership value of the company.

Rather than showing it in each future Q which will drag down the profit line, and perhaps the pps, they decided to advance the entire remaining amount tomorrow and account for it as a line item in Q2.

Then going forward in the Q3 filing it would not have that charge or drag on bottom line. It will however show up in Q2 numbers. I don't know how they will be issued? Warrants, restricted? Also not sure what accounting wizardry will be used. It's all good however.

That's my take on this very simple matter. I don't think shareholder value was the driving reason for this.

Still, he deserves every penny, it's his company after all.

ST
Family Blessings and stay safe
VRUS LONG since 6-18