June 11, 2019 at 12:01 pm #127195
$VRUS 2-YEAR TIME LINE (June 2 edition)
Anshu Bhatnagar takes over as CEO of Rbiz.
Begins transforming moribund real estate company into global food distributor, building on his success at American Agro Group.
Hires MKR and Mark Forney as IR, who took eGain to Nasdaq.
Ashu settles year-long legal fight with old Rbiz management so new incarnation can run free.
(No mean feat.)
Monaker chief Don Monaco personally backs Anshu. “I believe in Verus Foods’ business model and want to help the company begin its growth phase.”
FINRA approves Rbiz spin-off into Nestbuilder.
Vrus revenue for first half of 2018 is $2.24 million, a 102% increase over first half of 2017.
Anshu’s global contacts in food biz paying off already.
Verus name change. Not quite the lift-off some predicted, but longs sit tight as Investors Presentation is released.
Company posts a 77% increase in sales for the first nine months of 2018
IR Mark Forney manages expectations as company enters self-announced quiet period …
Shares go as low as .0019. Smart longs buy all they can.
Vrus gets $1.45 million in funding from Cronos whale Andrew Garnock, which retires toxic notes from four creditors
Monaker and Don Monaco and Rick Berdon all stay invested (you bet they did).
$10 million honey deal announced for Europe and Middle East
Verus to offer 20-30 different SKUs.
$4 million rice deal annually for Dubai market.
Anshu: “This is exactly the kind of contract that we believe we can replicate many times over.”
Vrus announces annual sales of $5.8 million for fiscal 2018, 101% increase over 2017.
Quarterly sales set to grow in excess of 100% year over year and “accelerate significantly” throughout 2019.
Revenue hits all-time high of $2.4 million in Q1/19, 145% increase from prev. year’s Q1.
Largest funded backlog in Company history — $24 million for delivery over the next 12 months.
Six months earlier Anshu had said he expected Vrus to reach $20M in orders.
Share price hits new high of .018. 1000% increase from last year.
Monaker on its conference call says its staying invested in Vrus: The company is “doing well” and they expect to “recover several millions of dollars”.
Anshu tweets about “new beginnings” for Spring, and lo and behold —
April 26, 2019
Announces first M&A deal with Big League Foods to sell Major League Baseball-branded frozen dessert products and confections in 2500 stores.
The license covers all 30 MLB teams, which means 30 different brands with a loyal fan base. It’s turnkey op that will generate revenue very quickly.
* Secures $600k in funding for baseball gelato production from GS Capital on impressively favorable terms.
Big League President James Wheeler joins Maryland operation to run ice-cream subsidiary. Already busy with Anshu setting up production. (Moving fast, folks.)
First footprint into the US market. Humungo.
* New designs for MLB ice cream unveiled — and plans for MLB candy.
* Distribution announced for 2500 stores including 7-11s, etc.
Production underway for summer release.
* Application to uplist to OTCQB after share price stays above .01 for a month.
* Andrew Garnock adds $500k to his investment by buying 41m shares at market.
He similarly added to his investment in Cronos and two years later had made $68m.
In fact, I think he’s invested more in Vrus now than Cronos and is on track to be the controlling share holder.
1) S1 to be filed
2) 10Q on track to show first profit
3) New Investors Deck
4) Uplist to OTCQB
5) Poss. news on some of the 8 M&As being negotiated…
June 11, 2019 at 12:02 pm #127196June 11, 2019 at 12:05 pm #127197
Mark Forney is a true professional IRJune 11, 2019 at 12:08 pm #127198
Waiting for the release
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