This will be dilutive...another 1,174,253,333 Shares of Common
Post# of 962
1,174,253,333 Shares of Common Stock will be added to the market -- hence today's SP retreat. I read this as being insiders cashing out -- but in any case it will IMHO put things in retrograde.
This prospectus relates to the resale by certain selling stockholders of Verus International, Inc., a Delaware corporation (the “Company”) identified in this prospectus of up to 1,174,253,333 shares of our common stock, par value $0.000001 per share (“Common Stock”), including 594,253,333 outstanding shares of Common Stock and 580,000,000 shares of Common Stock issuable upon exercise of outstanding warrants (collectively, the “Resale Shares”). All of the Resale Shares were initially purchased from the Company in private placement transactions and are being offered for resale by the selling stockholders only. For a description of the transactions pursuant to which this resale registration statement relates, please see “Recent Sales of Unregistered Securities.”
The Resale Shares may be sold by the selling stockholders to or through underwriters or dealers, directly to purchasers or through agents designated from time to time. For additional information regarding the methods of sale you should refer to the section entitled “Plan of Distribution” in this Prospectus.
The prices at which the selling stockholders may sell the Resale Shares will be determined by the prevailing market price for shares of the Company’s Common Stock or in privately negotiated transactions. We will not receive any proceeds from the sale of the Resale Shares by the selling stockholders; provided, however, we will receive the proceeds from any cash exercise of warrants.
Verus International, Inc. (VRUS) Stock Research Links
Lecture, University of Lille (7 December 1854)