Victory Square Technologies Inc C.VST

Covid infections are still going up in US and every where

[chris579457]

in US last Saturday over 123K,
Sunday around 106K ,
n BC 2weeks of new social restrictions due to numbers going up drastickly

[Stocky112]

  this is tanking today because Pfizer is saying their vaccine is proven safe and effective. When the vaccine gets market authorization, the need for these tests will greatly diminish 

[chris579457]

in my opinion it will take few years to get the vaccine to everyone as of now we have product and distribution contracts on the way, so VST will get paid for it 

[Stocky112]

  agreed but the sales deals are all tied to HC approval which seems less likely every day

[chris579457]

VST do not need HC approvals but it would be beneficial for sure. We should be OK  On October 16, 2020, VSH received Conformit Europenne (CE) approval from relevant European Union authorities for the distribution, sale, and usage of Safetest Kits throughout the European Union. SEP 28, 2020 2:00 AM EDT Victory Square

[Stocky112]

I really wanna believe that since I'm already losing so much money on this thing. But their sales orders are tied to HC approval. Also if the vaccine becomes legit as soon as they suspect there will be a lot less demand for testing so the other approvals won't mean much

[chris579457]

Ok, I see your point , however about the Vaccine , not so fast it will take time ,  We still need to mention that this vaccine need to be refrigerated in minus 70 Celsius, and you need two dosages, It looks like the distribution of it will be the big issue here for now. 

[Stocky112]

That's true that the vaccine won't be instantly available for everyone but a lot of work has already been done in order to get vaccines distributed ASAP once approved. As more people get vaccinated there will be less need for testing. Let's see what happens. Obviously the testing kit isn't VST only product but clearly it was the one many people were banking on given how much it

[RapsAlot]

All things said it made for a ugly day here. Testing still required granted not at same levels. We all knew at some point a vaccine would be developed. What changed?

[Stocky112]

  what changed is that it came a lot sooner than anticipated and will essentially eliminate the need for testing a lot sooner than expected

[RapsAlot]

Experts said 1 year minimum for vaccine in March and majority of doses will be in 2021 so really not that early. I am not about to argue with you just said rough day but I still see need for testing. Obviously you will invest as you see fit and nobody can disagree with you on that. Best of luck.

[Stocky112]

  I wasn't trying to argue!  I agree that there will still be a need for testing for the near future. But anyways VST has other business ventures even if it doesn't seem like the COVID one is working out

[RapsAlot]

Gotcha. You said essentially eliminate the need for testing a lot sooner than expected which I have a different view on that. Not much has changed for me on the Covid side. Yes they sure do have a great portfolio. 

[CamaroZL1]

At 40 cents the SP has already priced no test kit sales. Long term is up, not sure what the trend will reveal in time. I am fan of the AI holding as well

[RapsAlot]

In August  Trudeau signed a deal with Pfizer for 20 million doses. He signed similar deals with 6 other pharmaceutical companies in an effort to make sure Canada covered it's bases. Assuming this vaccine passes HC approval, it requires 2 doses so 10 million people would receive it. I also heard a third dose is required several weeks later so maybe less than 7 million people