Verisante Technology Inc. V.VRS

RE:New Zack's Report

[gaserx2]

Well there you have it folks. Zacks seems very confident in the future for Verisante. As I have stated in many posts, patience patience patience is the key to an investment such as Verisante. In my recent post August 30th I stated the following:

"We can't lose sight of the fact that we are now 2 months in to Q3. I think sales will be better, but not by much. I'll now give you my pedictions and take the risk of being wrong. Revenues will be $290000 and Q3 loss will come in at $920000."

So with that in mind Zacks sees continuous losses as well for a period of time, but they certainly do not surmise the demise and failure of the company because of it. Throughout my years in retail we had stores that continuously lost money on a regular bases and survived but those were all based on accounting principles.
If I was a large financial institution I would stretch a hand out to Verisante at this point and offer them an operating line of credit of up to 5 million and possibly more. That institution could gain a friend for life so to speak. I see very little and limited risk in this company with all of its potential.
I believe mgmt will find a way and should [hint hint] start talking to the banks. Maybe we do not need a private placement. Any bank looking long term should take a financial position and enjoy the future cash flow deposits it will acquire once this company matures to its full potential.
Patience as per Jesse Livermore. " It was always the sitting and being right that made him money." IMHO