Replies to post #170757 on Verus International Inc (VRUS)

[downandoutthanksd]

all da kneeling going on, nobody gives a shit about sport.

Nobody will want to rot deir teeth too if MLB sucks!

bcuz dose letters in reverse are destroying all sports.

[GermanCol]

What I posted is correct. And what is mentioned in the post I'm replying to is standard wording for S-1's. The same was included in S-1 / S-1A for the case of Andrew Garnock of situations that "may" happen, not that "will" happen. See page 20 of 104 in the PDF below corresponding to Garnock's S-1A that mentions the same:

https://www.otcmarkets.com/filing/conv_pdf?id=13567553&guid=F6P6UF3pD-hSl3h

The difference is that in the case of White Lion there is explict prohibition for them or any of its affiliates to short, as shown in the corresponding 8-K, Section 5.1:

Section 5.1 SHORT SALES AND CONFIDENTIALITY. Neither the Investor, nor any affiliate of the Investor acting on its behalf or pursuant to any understanding with it, will execute any Short Sales during the period from the date hereof to the end of the Commitment Period.

https://www.otcmarkets.com/filing/html?id=14257168&guid=AHP6UFniGBkL-3h


You don't even need to be a lawyer to understand that.


And more misinformation in the post I'm replying to about the note that was postponed and being paid with product:

Essentially the noteholder is getting the inventory for free and paying for it when sold but that money goes directly back to the noteholder.

This is not true and is explictly mentioned in the corresponding 8-K that the investor has to pay for inventory:

First, Accredited Investor shall make the following payments to the following BLF vendors (the “Vendor Payment” amount):


$ 34,989.40 (production)
$ 14,166.10
$ 2,455.00
$ 8,250.00 (bagging)
TOTAL$ 59,860.50

https://www.otcmarkets.com/filing/html?id=14287191&guid=AHP6UFniGBkL-3h


Reading comprehension issues or some other motives in that post I'm replying to.