Victory Square Technologies Inc. C.VST

Update: Health Canada

[FromMe2You]

Update: they are still not on the list- nor have they submitted for review and approval 

https://www.canada.ca/en/health-canada/services/drugs-health-products/covid19-industry/medical-devices/testing/applications.html

[CamaroZL1]

The NR from Oct 6th states that application has been made. To understand how government operates, its likely that the website has not been updated. This could takes weeks and weeks, in process, through all the different channels to complete.

[Stocky112]

I hate to say it because I'm also invested in this company and hoping for the HC approval but the website is updated daily. It does mention that it could take up to 48 hours after a device is under evaluation to show up on the list.  Important to note is that you only get on that list after passing screening, which, if I recall correctly is a 10 day period from submission. Vahid did

[DennisG]

Why you guys so hang up on HC approval when VST already have contacts around the world. Do the MATH, population wise.

[FromMe2You]

We care because the company is stating false claims that they have submitted and application to Health Canada. They have not substantiated any of their claims so therefore hurting their credibility as a company. 

[DennisG]

How did you know it wasnt submitted? did you call HC? Application takes time to process.

[CamaroZL1]

Just Ridiculous. If there is no application this would be fraud. Already have FDA and EU approval. Anyway short VST if thats what you believe.

[Stocky112]

I never said there was no application. I simply pointed out the fact that an application would have been screened by now (screening service standard is 15 calendar days for COVID devices under the interim order). So VST either got rejected outright or were contacted to provide more information which they must provide within 10 calendar days in order to be considered. I'm not making up any of

[Glasshalffull1]

A stock price of only 52 cents would indicate to me HC approval means a lot or VST isn't (hasn't) sold anything around the world OR they did without making a profit.

[Glasshalffull1]

Make that 51 cents

[CamaroZL1]

There are no speculators here yet. Sona hits 16 dollars with no sales or even FDA approval. Hmmmm.

[Stocky112]

I expect a pop in share price if HC approval is granted. Hopefully it happens soon because the longer it takes to even show up on the list, makes it less likely to happen. I'm stuck at $0.77 on this so hopefully we get good news soon. All this waiting is making me skeptical!

[CamaroZL1]

Yep might be best to sell while there is still a bid no? Im holding this not only for the covid test. Other irons in the fire and my monthly technical analysis says hold.

[Stocky112]

I'm caught up on HC approval because their purchase orders are dependent on that, not the FDA or EU approvals. Purchase orders means sales.