Verisante Technology Inc. V.VRS

RE: BNN today on market call

[juanona]

Thanks for the heads up. I listened to his comments and here's what I wrote on the board at SI: Rob McWhirter was on BNN today (11:30 small cap segment). A caller asked him about VRS. He said they still own shares (but aren't buying any more at this point). Year End is Sept and he expects VRS to earn .69 vs .14 last year for a PE of 6. Significant upside to the stock. Market was spooked by CREW3, but the company will be bringing out technology in the next 6 months that leapfrogs existing capabilities. Market waiting for confirmation of future orders/backlog which may not happen for another 3-4 months. His firm is not currently buying more, watching the stock; technically it is important that it hold $4 Luxton also mentioned the enhanced technical capabilities in the cc last week. Called it a 'very advanced, single, multi-purpose platform extending well beyond jamming.' He also noted their own R&D was outpacing gov't R&D by which I believe he was referring to the CREW3 development awards. If we get the backlog replenished, followed by updates on the technolgy front, we should be back on an upward track later in the year IMHO.