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.

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Comment by rhumpon Mar 15, 2012 2:07pm

243 Views

Post# 19675598

RE: RE: Number of Units in Canada

I forgot to include the revenue sharing from the TIPS.

Assuming 10 patients per week for each unit sold. Ie. 10 Tips at $10/tip = $ 100/wk/unit X 200units = $20K/wk.

Cost to manufacture and distribute = $ 2/ tip

Discount to Clarion = $ 2.4 ( 30% 10-2=$8/tip) rounded off to $ 2.50/tip

Bottom line = $ 10 - $ 4.5 = $ 5.5/tip x 10 tips/unit/wk x 200 units( when all 200 are in the field and working) = $ 11,000/wk to Verisante Technologies.

$11K x 52 wks = $ 572 K CDN / 65 Million shares = 0.9 cents per FD share + 4.6 cents = 5.5 cents/FD share

Based on a PE of 20 VRS should be trading at around $ 1.10/FD share.

IMO.

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