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. > Shares for Debt

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Comment by gaserx2on Jul 07, 2022 9:40pm

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Post# 34810113

RE:RE:RE:Shares for Debt

Here is another bizarre twist. IMHO.
Bulletin Contents (tsx.com)
So this debtor recieved 15+million shares for debt at a pre split price of .05 cents. Basically covering the debt he was owed of approx.$757,709.00. Ok shares issued debt covered.
But it was a pre split arrangemrnt. So after the split the debtor has approx. 1.5 million shares at a price of .01 cents. So the value he has received for his outstanding debt based on the split is worth about $15000.00. If there are any posters or shareholders out there that see this in a different light I would be glad to hear the scenario, Maybe I'm way off base, but I've been through a lot of reverse splits over the years and this one has me baffled.

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