Replies to post #168839 on Verus International Inc (VRUS)

[JOHNNY-VEGAS]

IT WON'T EVEN COVER THE COST. EVEN IF THERE IS ANY SALE, WHICH I DOUBT.
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The purchase consideration to acquire the License totaled $5,357,377, which consisted of $50,000 cash paid subsequent to closing, $257,377 of accrued MLB License royalty fees that were assumed by the Company upon acquisition of the License (net of cash acquired of $350), and $5,050,000 cash that is contingently payable over time, through December 31, 2022, based on the future sales of MLB-branded products (see Note 10). The contingent consideration is recognized as an increase to the carrying amount of the License intangible asset when the payment becomes probable and estimable, net of any catch-up for amortization expense.
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https://www.sec.gov/Archives/edgar/data/1430523/000149315220011599/form10-q.htm

JUST ANOTHER BS TO RAISE THE PRICE OF THIS POS.ON THE BACKS OF UNSUSPECTING SHAREHOLDERS. DILUTION IS THE MAIN SOURCE OF INCOME.

FOLKS SHOULD STAY FAR AWAY FROM THIS SCAM.