NoMoDo
4 days ago
I am stating my opinion on an investment I have. I am not bashing VRUS, though I once owned that one and found it to be a scam. And yes, I made money on it, and even sold before I believed it was ready to top out (see my posts at that time). Instead, I let those who think it has value to figure things out for themselves.
I don't mind differing opinions here. I welcome them. But regularly posting the same thing and never looking at both the good and bad is a waste of everyone's time. At least Olives occasionally will point out something the company has going for it. He is a PIA when debating because he will focus on one word and try to make it a federal offense. He also can't get past the dilution - which is bad, but all you need to do is look at the debt load of a company and you can pretty accurately predict OS. You, on the other hand, only call people names - "clowns will try to say that this is a good thing: nobody thinks it is a good thing..., you regularly post "this is a scam," complain about the hobbies of CEO's,... basically nothing of value.
You guys who are here to save us are the real clowns. You can't convince me of anything because you don't know how to engage others. I know that the balance I have left here is a gamble. I also know that if it gets to .0013, I will have made my third highest return in a stock. I am willing to take a risk.
So use this moment to reflect. If you want to change someone's opinion, be a better person. Otherwise, go to the VRUS board.
NoMoDo
5 days ago
Read it again. Look for words like "Main debt" followed by "Then in mid July, another $385k will come due." That should tell you that I am talking about convertible debt that can be converted immediately.
The convertible debt that can be converted right now was what I listed. After that, $385k will be converted in mid July. Then an average of about $100k a month (was actually $120k/month) will be converted going into the end of the year. The $1.8bil going to Monster was likely converted after the 1st q but before May 11. Recently we saw another $1.7 bil added to the OS. This last week we had what? 4 days above 250 mil shares traded? Another 300mil today. The Q ending March 31 listed OS as 11bil. I think it is above 15mil now. I expect another 1.6 bil with the next update. I expect that all the regular debt that can be converted, with the exception of BRU has already been converted and soon we will hear about a ton of shares sold from BRU to a 3rd party and immediately dumped.
The related party convertible debt was Monster - and only Monster. $785mil or about 1.8bil. Coincidentally, the same number HMBL reported as being converted from debt as a subsequent event.
NOTE 15: CONVERTIBLE PROMISSORY NOTES – RELATED PARTIES
The Company issued convertible notes payable – related parties as follows as of March 31, 2024 and December 31, 2023. The chart below does not include convertible notes payable – related parties that were repaid or converted during 2023. Refer to the Form 10-K for the year ended December 31, 2023 filed March 28, 2024 for a full description of those notes:
March 31, 2024 December 31, 2023
Monster Creative purchase – June 30, 2021 $ 781,830 $ 1,381,830
Less: Current portion (781,830 ) (1,381,830 )
Long-term debt $ - $ -
The take away is that the $781k and the $585k are the biggest loans besides BRU. They are likely gone. $385k next, then about $500k for the rest of the year (about $100k a month) - a rough total of around $2.3mil by my numbers. The Q states "Current portion (2,414,984)." So yea. My numbers are pretty accurate. It means that the 250mil share trading days are numbered. Will we get a handful of days with no conversion? Will the stock price rise before the mid July conversion? When will we hear about Santa Cruz and whether they will start paying for services? I think they had a 6 month trial period, but I could be wrong.
BTW, BRU gets paid $40k per month for software consulting. There is a good chance that this will end shortly.
OMOLIVES
5 days ago
Your numbers aren't adding up. From April 1 to May 20th, they issued 1.8 billion shares from conversions of debt and accrued interest. That doesn't come close to the amount you suggest. They also added another $600,000 in convertible debt during that same period. If we assume that all of the unrelated convertible debt from the November 2023 notes have been converted...that still leaves the rest of this:
On December 19, 2023, the Company issued a Promissory Note in the amount of $220,000, due December 19, 2024. A one-time interest charge of $22,000 was added to the note, and an original issue discount of $20,000 was reflected that provided net proceeds of $200,000 to the Company.
On January 4, 2024, the Company issued a Convertible Promissory Note in the amount of $55,000, due October 30, 2024. The note accrues interest at 9%, and an original issue discount of $5,000 was reflected that provided net proceeds of $50,000 to the Company. The note is convertible at a 35% discount to the lowest trade price of the common stock in the previous 10 trading days.
26
On February 12, 2024, the Company issued a Promissory Note in the amount of $55,000, due February 12, 2025. A one-time interest charge of $5,500 was added to the note, and an original issue discount of $5,000 was reflected that provided net proceeds of $50,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 25,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.
On February 14, 2024, the Company issued a Promissory Note in the amount of $66,000, due November 15, 2024. A one-time interest charge of $9,900 was added to the note, and an original issue discount of $11,000 was reflected that provided net proceeds of $55,000 to the Company.
On February 22, 2024, the Company issued a Promissory Note in the amount of $220,000, due February 22, 2025. A one-time interest charge of $22,000 was added to the note, and an original issue discount of $20,000 was reflected that provided net proceeds of $200,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 100,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.
On March 13, 2024, the Company issued a Promissory Note in the amount of $121,000, due March 13, 2025. A one-time interest charge of $12,100 was added to the note, and an original issue discount of $11,000 was reflected that provided net proceeds of $110,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 50,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.
On March 26, 2024, the Company issued a Promissory Note in the amount of $121,000, due March 26, 2025. A one-time interest charge of $12,100 was added to the note, and an original issue discount of $11,000 was reflected that provided net proceeds of $110,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 50,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.
I am excluding the other related party debt completely. That amount equals $820,000 which can all be converted prior to October 2024. Not including the $600,000 from the subsequent events section. The grand total of unrelated short term debt that can be converted prior to December is a whopping $1,400,000 plus interest. That comes to a minimal of 5 billion shares added. And that is only the unrelated short term crap.