For decades and with indifferent approval from the powers to be, directors in collusion with major shareholders whom are kept "in the know” have been systematically capitalising and acquiring wealth by stealth whilst the lemmings (THE OTHER SHAREHOLDERS) have been left bearing the brunt of accumulated losses and deflated share prices. Mainly because ordinary shareholders believed that these so called business people would be looking after their interests.
IN THE INNER CIRCLE ordinary shareholders are likened to and treated as simply mushrooms to be plucked and eaten. Within smaller oil and gas companies it has been the norm rather than the exception. The big fish feast on the little uneducated fish and chew off all they can devour leaving a bony carcase, and then they congratulate themselves, pay themselves bonuses and like piranhas move to the next innocents to continue the feast.
Has there been any change lately?
NO !!! If you look at the recent developments of Verus Investments shareholders are once again given a 30% instant loss by management issuing shares below the allowable minimum, through a partially new board and then immediately ask shareholders to bend over and take it, or more politely vote for it.
THEN the Notice of Meeting is presented and what is their plan??? ONLY gain control of management and a large shareholding of the company as cheaply as possible. Who pays? Of course the ordinary shareholders. Is there a Plan? Obviously there is but not for the ordinary shareholders. Shareholders are now requested by the Board to give more of the company assets away at a discount. If you vote for a consolidation that has been subrogated on the company by the new board`s decision to issue shares at .0007 of a cent when there was a legally enforceable contract available for .001 of a cent, then you can give this board more of your money, more of your power and extinguish all hope of any say for the lemmings which are us ordinary shareholders.
All we will be left with is the forlorn hope that future decision making by this board will let us have a few scrapes of stale crust so that we can enhance the tax loss we don't need as they have purloined our money and our souls and our remaining dignity.
If you do nothing then you will incur more of the same with no real hope of ever recovering your investment and no influence in the future direction of YOUR Company. In short you will be forced to take your loss and move on unless you make a stand and form a powerbase to have some influence. We have to have an objective and then, if we are unified there is the probability of a positive outcome. Are you as an ordinary shareholder going to take some responsibility in the future of your investment or are you just happy to stay a stunned rabbit, hypnotised by the voices of the wolves in sheep's' clothing that are masquerading as your benefactors?
The objective of this group of shareholders is to have a strong voice in the company and the positive outcome is to ensure the company obtains a viable project that will increase the company`s future value. There is no deal or project that has been brought to the meeting to vote on, just further dilution and existing shareholder losses created.
As a shareholder in VERUS this is what I want. A fair deal. I have set up an email at
If you are a shareholder in Verus and wish to communicate together to ensure INTEGRITY is maintained at Verus Investments then please make contact with your holding size. All emails will be treated as confidential. I have some experience in Corporate Law and have established contacts at ASIC.
In a very short period I have obtained 400 million shares to vote as a block which is 12% of the register, which makes this objective possible. If you make contact you will be showing your support in further investigation into recent events and announcements that the company has made. There will be no cost to shareholders but this activity will be part of the due diligence to prepare for the Meeting on 14th May. Please provide your holding as of 12/4/13.
It is our belief that the real objective behind recent events of the company has not been disclosed to shareholders. By being part of the email database you will have a voice in restoring some value to your investment instead of being treated as a mushroom.
VIL Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held