GOOD LUCK WITH THE WISHFUL THINKING.
The Company has incurred a net loss of $11,146,322 and negative cash flows from operations of $1,869,926 for the nine months ended July 31, 2020. At July 31, 2020, the Company had a working capital deficit of $332,364, and an accumulated deficit of $39,640,912. 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 condensed 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.
ANSHU BHATNAGAR'S ACCOUNTING TRICKS TO CREATE FAKE REVENUE.
if you read through these quarterly, you will see accounts receivable are piling up.The recognition of accounts receivables as a cash equivalent is a deceptive practice used by the frauds CEO. The deception can make IT 'appear' more liquid, but it is a mistake to value the illusion of increased liquidity over the reality of the increased debt
the 4.8 billion dumped shares have not gone into some black hole unsuspecting shareholders are down between 90 to 40%
oh I forgot.. TWO ACCOUNTING FIRMS RESIGN IN LESS THAN A YEAR.
Assurance Dimensions, Inc.who resigned as the Company’s independent registered public accounting firm effective as of August 19, 2020.
On February 18, 2020 (the “Effective Date”), Mayer Hoffman McCann P.C. (“MHM”) notified the board of directors of Verus International, Inc. (the “Company”) that it had resigned as the Company’s independent registered public accounting firm. DOES IT SOUND LIKE A MAJOR RED FLAG?
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