Verisante Technology Inc V.VER.H

Alternate Symbol(s): VRSEF

Verisante Technology, Inc. is a Canada-based company. The Company does not operate any active business other than to identify and complete a reverse takeover (RTO) with a company in one of its target sectors that demonstrates significant growth potential and/or value creation opportunities for shareholders. The Company may pursue a target in any industry, it intends to focus its search on companies that meet its acquisition target characteristics within the life sciences sectors.

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Verisante Technology Inc > Shares for Debt

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Comment by gaserx2on Jul 07, 2022 9:40pm

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Post# 34810113

RE:RE:RE:Shares for Debt

Here is another bizarre twist. IMHO.
Bulletin Contents (tsx.com)
So this debtor recieved 15+million shares for debt at a pre split price of .05 cents. Basically covering the debt he was owed of approx.$757,709.00. Ok shares issued debt covered.
But it was a pre split arrangemrnt. So after the split the debtor has approx. 1.5 million shares at a price of .01 cents. So the value he has received for his outstanding debt based on the split is worth about $15000.00. If there are any posters or shareholders out there that see this in a different light I would be glad to hear the scenario, Maybe I'm way off base, but I've been through a lot of reverse splits over the years and this one has me baffled.

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