AT LEAST SHAREHOLDER COULD SEE RIGHT AWAY WHEN ARJ will sell his stake.
with WHITE LION,they will be dumping hundreds of millions of shares without shareholders knowing for a long long time.
Regardless of the description, IT'S A HUGE DILUTION BESIDES DEFAULTED NOTES.
HERE ARE FACTS AND WARNING FROM Q..The Company has incurred a net loss of $9,816,408 and negative cash flows from operations of $1,296,364 for the six months ended April 30, 2020. At April 30, 2020, the Company had a working capital deficit of $174,754, and an accumulated deficit of $38,310,998. It is management’s opinion that these facts raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date of this report, without additional debt or equity financing. The unaudited consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts nor to the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
ALSO CHECK THE ACCOUNTS RECEIVABLE... "FAKE BUSINESS"
LOL - No sooner is White Lion's money in VRUS's account than we get an 8K announcing how the money is being used: to pay-off a $530K-turned-into-$775K note.
That's nearly the entire first-tranche of the White Lion facility, and transferring that cash from WL to Monaco commences immediately.
Gosh, that money didn't last long.
I wonder how long til VRUS needs to tap White Lion AGAIN?