Replies to post #171007 on Verus International Inc (VRUS)

[kingpindg]

Hello, GC, appreciate your thoughts but, unfortunately, WL can definitely control the price they pay for the shares should they choose to do so.

You are correct that Verus controls the timing of any share issuances to WL and they also control the amount of shares issued up to 4.9% of O/S or 250% of the previous 5 day average, whichever is lesser. However, since WL only has to pay for the shares 6 business days after they receive them at a price that is 95% of the lowest traded price during the five trading days after they receive them, WL can set the buy price by selling even a tiny amount of the shares at any low price they choose during those five days. Would they do something like that, I don't know, but they could if they wanted to. And while doing so would not result in any greater dilution, it would result in less money for Verus meaning they would have to go to WL more often as long as they need to draw from the $5M funding line.

And, yes, while it would be of greater benefit to WL to hold on to the shares for higher prices, will they actually do that?




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[Engines]

GC- What are you talking about?? "they can not dump in the way Garnock did."

Of course White Lion can, and probably is, and worst!

4.9% x 3.17B shares = 155M shares
vs.
250% x ~50-100M shares = 175M - 350M shares

and since we certainly haven't been trading less than 175M shares, WL can buy 155M shares at a time and sell them. And then do that again for another ~ 155M+ shares. Right there, that's 300M shares after just 2 buy/sells. And Garnock had 500M.

And one more thing:
155M shares x ~$.0016 = $248K They can do this SO MANY TIMES down here at these levels. And right now, we need that LYING ***HOLE ANSHU AND CHRIS ****HEAD to tell us shareholders what their plans are!!! They screwed the pooch this time. They screwed the whole ****ing pound!!!

This is JUST as bad as Garnock, if not worse!