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Visionstate Corp. V.VIS

Alternate Symbol(s):  VSSSF

Visionstate Corp. is a growth-oriented company that invests in the research and development of the Internet of Things, big data and analytics, and sustainability. Visionstate’s WANDA™ smart technology now extends to a diverse range of public facilities across and beyond North America. The Company is also investing in artificial intelligence (AI) applications through its ViCCi 2.0 product, integrating conversational AI with customer service in brick and mortar locations.


TSXV:VIS - Post by User

Comment by iqw_rockson Jun 01, 2020 11:44am
204 Views
Post# 31096594

RE:RE:FINS R OUT

RE:RE:FINS R OUT
freedom45 wrote: From an operational perspective the pandemic lock down has not adversely affected the Company as all staff were able to migrate their work to their home offices and continued developing and maintaining the Wanda solution and servicing the customers.
While sales have been impacted in the short term, based on the lock downs of public facilities, the interest in Wanda has grown substantially over the past three months and the Company anticipates significant sales growth as the lock down restrictions are eased and business returns to normal.


They need money...At March 31, 2020, the Company had $6,416 in cash and accounts receivable of $53,660 (March 31, 2019 - $12,265 in AR) with which to meet its obligations. At March 31, 2020 the Company had a working capital deficiency of $820,305 ($959,902 March 31, 2019).

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