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Replies to post #179161 on Verus International Inc (VRUS)

Replies to #179161 on Verus International Inc (VRUS)
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dvice

10/21/20 10:46 AM

#179177 RE: Renegades17 #179161

Yes - the PR is lacking specifics. I get that. Fact is they are addressing it regardless. It was a surprise to see that. All your other points have been beaten to death already and I agree with them.
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Coachshot99

10/21/20 11:43 AM

#179189 RE: Renegades17 #179161

Correct. He admits it will take massive shares (dilution post split) to fund any mergers or deals.
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shotsky

10/21/20 12:34 PM

#179192 RE: Renegades17 #179161

The AS reduction will happen after they calculate it and get it cleared with the SEC. That means a filing will be made with the numbers in it. It is a 'significant event'. But that is far better news than if they left the AS as it is. The AS reduction will also produce a lower franchise tax bill.