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Verisante Technology Inc V.VER


Primary Symbol: V.VER.H Alternate Symbol(s):  VRSEF

Verisante Technology, Inc. is a Canada-based company. The Company does not operate any active business other than to identify and complete a reverse takeover (RTO) with a company in one of its target sectors that demonstrates significant growth potential and/or value creation opportunities for shareholders. The Company may pursue a target in any industry, it intends to focus its search on companies that meet its acquisition target characteristics within the life sciences sectors.


TSXV:VER.H - Post by User

Post by operator5on Jan 26, 2011 6:26pm
294 Views
Post# 18031595

funny...

funny...I think it hilarious the fact that this company's biggest weakness in the minds of many is that the management aren't good enough at promoting and hustling shares, and this is seen as "disrespect", although I can see how that might really suck for day traders. Frankly,  I don't think there is enough float or volume here for anyone serious about flipping and day trading.  It is way too small.  The only way to make real money here is if they have a solid deal that works well enough that it is a target for acquisition by a big boy with plenty of blue sky.  Flipping around for a dime or two on a quarter million shares a day isn't worth the time for most people. Why bother?  This is a strategic front end bet on the Alberta Bakken.  A pure play.  In the short term, If the deal goes through, and the financing terms good, there might be a quick good out.  If the deal goes through and the financing terms tough, maybe a wash.  If the deal doesn't go through, these shares aren't worth a penny.  Long term, if the deal goes through, regardless of financing terms, this could be a home run or it could be a fizzle.  The key there will be whether management can sell it at prime prices to the big boys, not whether they are good at pumping speculation.  At least we know Vecta Oil and Gas knows how to do that.  I am in this purely because the acreage position hinted at and the price it seems Vecta might be in it at.
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