Versus Systems Inc VS

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Versus Systems Inc. is an engagement and rewards company. The Company offers a suite of business-to-business software tools that drive user engagement through gamification, interactivity, and rewards. These tools allow its partners to offer in-game prizing and rewards, including merchandise, coupons, digital goods, and sweepstakes entries - inside their websites, their venues, or their streaming media content. The Company's customers, such as sports teams, venues, and advertising agencies, use its products, including Winfinite, XEO, and its suite of skill-based games as part of their live events or as part of an advertising campaign. End users of its products earn prizes by registering on its system and completing in-content challenges, such as trivia, polls, or casual, skill-based mobile games. Players can use its system to play a variety of games and earn a range of prize types, including coupons, sweepstakes-style prizes, consumer packaged goods downloadable content or web3 prizing.

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Versus Systems Inc > Shopify & Wasatch

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Post by oiljack14on Feb 02, 2021 12:33pm

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Post# 32447564

Shopify & Wasatch

Think. Wasatch took a 3.9 mm share option (1/3 shares and 2/3 warrants) @ $7.50. They got 1.3 mm shares at said $7.50 USD for $9.75 mm USD (less their fees etc). They also got 2.6 mm warrants @ $7.50 USD which IF fully exercised would give the company another $20 mm USD. There is NO way that Wasatch took the entire IPO at a possible cost to them of $30 mm USD (app) unless they were CERTAIN it was worth a lot more than $7.50 USD. They would never put up that type of money on a Nasdaq micro cap unless they had "the data necessary" to assure their client (remember one buyer) that it would be going A LOT higher. So we wait. Pisser but the move up is coming. Hopefully a lot sooner if I have my way. Wasatch WILL buy more but not before they are forced too imo. So I, and you, should try and force their hand.

For those looking for the Shopify reference, it's on pg 4. "add more prizing partners' bullet point. https://ir.versussystems.com/sec-filings/all-sec-filings/content/0001213900-20-026935/0001213900-20-026935.pdf

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