Verisante Technology Inc. V.VRS

Primary Symbol: V.VER.H

Healthcare

Verisante Technology Inc is a Canada based medical device company. It is engaged in commercializing medical systems for the early detection of cancer. The products of the company are Verisante Aura which is for skin cancer detection and Verisante Core which is for lung, colon and cervical cancer detection. It utilizes a cancer detection platform while the operating software and probe technology. The group generates revenue from the sale and renting of its medical devices.

TSXV:VER.H - Post by User

Verisante Technology Inc. > Back to the gravel

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Comment by Pandoraon Jun 14, 2022 6:42pm

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Post# 34756592

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Back to the gravel

Pandora wrote:
Share consolidation -- might have known that was coming! Standard procedure it seem for 90% of these venture companies. After you build up a few they then cut your feet out from under you. Once it started trading again I guess all of the action was previous buyers finally selling out for tax loss purposes once they had the opportunity.

Now those of us that are left (if there are any) will have 1/10th of the worthless shares that we currently have and no idea what the company might attempt to do to try and add some kind of value.

So do you sell 10,000 for a penny or 1000 for a dime? You can be reasonably sure that the dime value will start to work it's way back down to a penny.

Currently 98M shares, which in todays terms is not a large number. The consolidation will take it down to 9.8M and open the door for the next expected move which will likely be a financing offer at 5 to 7 cents to raise capital to do what??

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