Verisante Technology Inc V.VER

RE: : gassed?

[FATBIDS]

You are correct Naamkat.....if you sell at a higher SP than what you bought at then you can never lose.

This is definatley a gamble, I agree.....just been here so long watching paint dry and then start peeling off the wall again that myself and some other long timers need to be rewarded for our patience. I wrote this company off a few months ago and all of a sudden the heart started beating again....I think there is a chance...a pretty good chance too...that came out of nowhere just when all had seemed lost.

1. Someone mentioned that Tom Coffman told them it would be a 50/50 JV - we will know very soon
2. I am still thinking the JV partner is Vecta oil so then there will be no reverse takeover as a US company can only own so much of a canadian company
3. I am not sure how much dilution but no matter how many shares are added, if the PP price was $.10 or $.15 it would just set the new starting value of the company and your overall total cost of your shares would not change then. It will not be lower than $.10 and could even be $.20 wouldnt that be a nice kick to set the bottom there. I hope that we do not add 100 Million shares for a PP at $.10 but you never know. It could have been worse.
4. They have already proved that there is a ton of oil in this play. They knew this years ago, but never knew how to recover it until recently. Even Shell is getting in on this play i read somewhere. I don't think this point is an issue.

I think we will learn a lot from the next NR and I haven't seen any insider selling yet so i have no choice to be cautiously optomistic at this point.

Sure, there is always the chance that we could fall back to $.085 briefly but since the average price has been $.105 between Nov 4 and today, I don't see it happening or lasting long if it does.

I will say one thing though, it is going to be a lot more fun that it has been over the past few years.