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Versus Systems Inc VS

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.


NDAQ:VS - Post by User

Comment by marrcooooon Feb 02, 2021 3:17pm
158 Views
Post# 32449201

RE:RE:VS

RE:RE:VS

Barsax... the "Problems" you listed are not actually problems at all.

1. The quiet period ends on February 14 (Sunday) Market closed on Monday so February 16 is when both the market is open and the quiet period is over. Exactly 2 weeks time from now for people to accumulate. Who says it won't rise in anticipation of this time? I see the price rising today. How do you account for this? My prediction is a slow price rise in anticipation of February 16.

The float is still VERY low and tight at only roughly 12M with only about 7.5M free trading. So what if they got 2 warrants? If they are excersized down the road at $7.50 per unit thats a lot more money coming into the company. VS now has $11M in the bank and is now able to proceed with their business plan. Wouldn't every shareholder want this? I think we can all wait 2 weeks for news to flow.

2. Did you read the SEC document? I know its long at 170 pages but it clearly says on page 7 the shares are all locked up for 90 days.

"We and our directors, officers and certain of our principal shareholders have agreed with the underwriter not to offer for sale, issue, sell, contract to sell, pledge or otherwise dispose of any of our common shares or securities convertible into common shares for a period of 90 days after the date of this prospectus".

Wasatch won't be selling anything for minimum 90 days from January 21, 2021. Besides how would it make this $32B company look if they bought in just to sell and rip normal shareholders off. Have you read about Wasatch and what they do?  I suggest going to their website and reading all about them. They believe in VS and their tech and are in this to make some serious long term money for their clients.

https://wasatchglobal.com/

 

 

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