RE:RE:RE:RE:RE:Shares for debtVRnames wrote: Wait...I misread. The ask is actually $.49. We can only dream it fills.
This was the news release re consolidation:
VANCOUVER, BC / ACCESSWIRE / June 23, 2022 / Verisante TechnologyInc. (the "Corporation") (TSXV:VRS.H) announces that as of June 23, 2022, the common shares of the Corporation will commence trading on a post-Consolidation basis under the new ticker symbol VER.H on the NEX board of the TSX-V Exchange. the Corporation will undertake a consolidation ("Consolidation") of its outstanding common shares on the basis of one (1) post-Consolidation Share for every ten (10) pre-Consolidation shares. The Consolidation has been approved by the directors of the Corporation, in accordance with the Articles of the Corporation.
To me I thought the shares would then trade, at least initially, at 5 cents. The SH price history shows a total of 8000 shares traded on June 23rd with a price of one cent re open, hi, low, and close. Nothing at 5 cents.
There were no shares traded on June 24 or June 27 on the Venture Exchange. Stockwatch also shows no shares traded today on any alternate exchanges.
A news item today shows shares being used to pay down debt. It again seems to use the term "pre-consolidation" with a price of 5 cents?? The numbers do work out to be post consolidation 5 cents but it seems there were never any shares on the open market at 5 cents -- only for the private transaction.
Verisante to issue shares to settle $757,709 of debt
2022-06-27 20:07 ET - News Release
Mr. Thomas Braun reports
VERISANTE TECHNOLOGY INC. ANNOUNCES SHARE ISSUANCE
Verisante Technology Inc., further to the company's announcement of June 5, 2022, has received final TSX Venture Exchange acceptance and
Verisante to issue shares to settle $757,709 of debt
2022-06-27 20:07 ET - News Release
Mr. Thomas Braun reports
VERISANTE TECHNOLOGY INC. ANNOUNCES SHARE ISSUANCE
Verisante Technology Inc., further to the company's announcement of June 5, 2022, has received final TSX Venture Exchange acceptance and will now issue 15,154,182 preconsolidation common shares at a deemed price of five cents per preconsolidation share to settle $757,709.10 of outstanding debt. All shares issued pursuant to the share-for-debt transactions will be subject to a four-month-plus-one-day hold period from the date of issuance.
The company also received exchange acceptance to issue 200,000 preconsolidation common shares at a price of five cents for $10,000 pursuant to a subscription received on April 27, 2018. These transactions were suspended when the company was subject to a failure-to-file cease trade order on May 4, 2018, which was revoked on April 6, 2022. All shares issued pursuant to the shares for debt and private placement will be subject to a four-month-plus-one-day hold period from the date of issuance. No finders' fees will be paid in connection with either of the transactions. As previously announced on June 23, 2022, the company consolidated its common shares on a one-new-for-10-old basis and changed its ticker symbol to VER.H.
All shares issued pursuant to the share-for-debt transactions will be subject to a four-month-plus-one-day hold period from the date of issuance.