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  4. Verus International, Inc. (VRUS) Message Board

it looks like the a/s and o/s increase has all rea

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Post# of 962
(Total Views: 216)
Posted On: 06/11/2019 4:37:21 PM
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Posted By: john1234
Re: reindeer830 #698
it looks like the a/s and o/s increase has all ready been done. but when filings come out from now to january you need to read all filings . here is why .
from the otc
Authorized Shares
7,500,000,000
04/16/2019

source
https://www.otcmarkets.com/stock/VRUS/security

this is from the s-1 on page 68 of the pdf
Quote:

On January 11, 2019, stockholders holding a majority of the voting power of the Company’s issued and outstanding shares of voting stock, executed a unanimous
written consent approving 1) the amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”)
to (i) increase the number of authorized shares of Common Stock of the Company to 7,500,000,000 shares from 1,500,000,000 shares and (ii) decrease the par
value of the Common Stock and preferred stock to $0.000001 from $0.001 per share; and
2) grant discretionary authority to the Company’s Board of Directors to
amend the Certificate of Incorporation to effect one or more consolidations of the issued and outstanding shares of Common Stock, pursuant to which the shares of
Common Stock would be combined and reclassified into one share of Common Stock at a ratio within the range from 1-for-2 up to 1-for-400 (the “Reverse Stock
Split”), provided that, (X) that the Corporation shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-400, and (Y) any Reverse Stock Split is

completed no later than the first anniversary of the Record Date, as defined. The increase in authorized shares occurs a minimum of 20 days after the mailing of
the required information statement to shareholders.




this is from page 84 of pdf

Quote:
On January 11, 2019, stockholders holding a majority of the voting power of the Company’s issued and outstanding shares of voting stock, executed a written
consent approving 1) an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”) to (i)
increase the number of authorized shares of common stock of the Company to 7,500,000,000 shares from 1,500,000,000 shares and (ii) decrease the par value of
the common stock and preferred stock to $0.000001 from $0.001 per share; and 2) granting discretionary authority to the Company’s Board of Directors to amend
the Certificate of Incorporation to effect one or more consolidations of the issued and outstanding shares of common stock of the Company, pursuant to which the
[color=red ]shares of common stock would be combined and reclassified into one share of common stock at a ratio within the range from 1-for-2 up to 1-for-400 (the “Reverse
Stock Split”),
provided that, (X) that the Company may not effect Reverse Stock Splits that, in the aggregate, exceed 1-for-400, and (Y) any Reverse Stock Split
may not be completed later than January 11, 2020 [/color]. The increase in authorized shares of common stock will occur upon the filing of an amendment to the
Company’s Certificate of Incorporation which amendment may not be filed prior to such date that is at least 20 days after the mailing of the Company’s
information statement on Schedule 14C to stockholders of the Company. As of the date of this filing, the Company has not increased its authorized shares of
common stock



so watch for the r/s between now and january 11,2020

https://www.otcmarkets.com/filing/conv_pdf?id...aH2vzJ6l3h

if top link dose not work here is the sec link
https://www.sec.gov/Archives/edgar/data/14305...-index.htm



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