Verisante Technology Inc. V.VRS

concerned shareholder.......

[fjrmoto]

With less than 1 million raised from our recent pp and a low cash balance as a starting point, the number of sales and the rate at which they are selling is not just important but critical. Promoting the number of sales and their location should be front and centre.... to build and maintain momentum. Our shareprice is down 50%...... we have no analyst coverage......the market has yawned (very low volume) and we are just headed into summer!

What disturbs me is that TB seemed to prefer shareholder dilution to raise op. cash for a two year runway as opposed to sales to self finance this runway. If these world class distributors can't sell the Aura or aren't putting the necessary effort into selling our product, ( for which they will be handsomely rewarded) than stop giving them exclusivity..........and give them performance based targets and make them finance and hold inventory! At this point in time, raising further cash through dilution would be a gross disservice to existing shareholders and financing at reasonable interest rates will be dependant on SALES! 

With regard to my comment regarding the Aura being held back, non performance by exclusive distributors with an agenda paid for by much larger medical device companies could seriously cripple the sales results which we need to survive. Was anyone impressed by Clarions' product launch or website? The sales targets for the infrastructure in place and the size of the market are way too soft......Get a sales and marketing professional to drive this. TB with his chronic sinus congestion doing closeup interviews just doesn't cut it. Time is not on our side....polite soft pumping and avoiding issues on this board has not helped this stock and being set up for a cash crunch with a subsequent takeout at a ridiculously low price seems to be the direction we are going?