Verisante Technology Inc (VRS.H)

[buxmaker]

VRSEF has been on fire for the last week. Expecting a merger?

[End Game]

What's up, finally a small bid? Been dark for so long, but never filed BK. Hoping for a reverse merger in this market. Thought it was dead and was just going to go thru the process of filing for the tax loss. Will hold until year end now.

[End Game]

Any news on this one? Will it rise from the dark?

[mike25]

Hi ,I see Mr Braun is still around. Is he looking for a company to take over the plunged shell company .As a Shell Company it should be worth something as all the technology is probably under Chinese control at present . Prove me wrong Mr B.,surprised you had the balls to put out a News Release.

[mike25]

Hi ,I see Mr Braun is still around. Is he looking for a company to take over the plunged shell company .As a Shell Company it should be worth something as all the technology is probably under Chinese control at present . Prove me wrong Mr B.,surprised you had the balls to put out a News Release.

[mike25]

What was I thinking, the scammers who ran this company into the ground probably sold all the technology to some foreign company. We'll probably be seeing a New Company out of, say,China??,bringing our equipment to market. This would not surprise me at all .Just saying ,the technically was way to good not to bring to market. Hmmmmmm...Only my opinion .

[mike25]

Hello all Scammed: Maybe there is a little, very little spark left in this once So promising company before the scammers took over .

[SMNY]

The people who devise these schemes should all kill themselves. There aren't too many lower life forms.

[SMNY]

https://www.oilandgas360.com/verisante-announces-loi-for-rto-with-myanmar-based-sim-co-ltd/

[SMNY]

There was a video interview with Braun posted on YouTube years back where he stated that - at that time- he owned the majority of shares. This was right around the time of the big publicity push when he was on every show that would have him. The stock went up to .60 cents give or take. Then the publicity push stopped and the stock price fell into the abyss. I read somewhere that almost all shares are now held by personal shareholders which would Appear to indicate that Tom dropped his shares while they were hot. No need for him to publicize anymore if his vested interest is gone. Pump it up. Same old song and dance.

Why else would TB go complete silent as the CEO of a company? Unless he already made his money and has moved on.

As far as these occasional blips of several cent jumps who the hell knows. Maybe newbies who are just hearing about the company and not doing much DD.

The above comments are all pure speculation that are based upon videos and web pages that may or may not be true. I am stating nothing as fact. I am only a very dissatisfied shareholder who would like to hear some information from this once very vocal company that appears to have lost its voice.

[End Game]

What's up? The stock finally has life again!

[SMNY]

It is a strange situation. To go from That media blitz about 2 years ago to this deafening silence. Very suspicious to me but I guess there could be some legit reason although non- legit seem much more likely.

[Harleyman]

not me, but it seems as tho the company has dried up, just no communication at all....but I hold and sit....

[SMNY]

Why is this board so dead? 30 followers .... Have you all given up and moved on to other things?

[SMNY]

What does this mean? It is NOT at an all time high.

http://www.consumereagle.com/verisante-technology-incs-trend-up-especially-after-todays-all-time-high-milestone/27892/

[SMNY]

Then again, when reading the last operational update, finances are being streamlined. It's possible they have cut staffing and hours to cut costs but that doesn't give me a warm and fuzzy feeling either.

[SMNY]

Once again I'm trying to find any new information on this company and come up empty handed. They are very quiet and I can't figure out if it's because they have nothing to say or they aren't doing much. I've read they don't reply to requests for information. There seems to be an occasional tweet or Facebook post so someone is alive albeit barely. Then I see that someone works only 2 days a week. Is it a part - time endeavor for one or 2 people or is it a growing company with multiple people working daily to research, produce, advertise and sell their products?
I know that at one time the CEO has made multiple media appearances but that's seems to have leveled off or stopped. That's how I learned about it. The stock was much higher then.
Why would that stop unless the sole purpose was that boost in share price- which gives me negative vibes and leads me to search for more information.

[mike25]

Maybe Mr. Braun's plan is right on.Run the company in the ground then he can pick up the pieces .Then Mr. Braun and his Chinesse partner can move it to China ,change the name and sell all the technology that VRS has.What a pay day for him ,no more $200,000K a year, he could make hundreds of millions right away..Yes I think your CEO (Braun) is right on track...... Mr. Braun prove me "WRONG" but i bet you can't.

[SMNY]

The Verisante companiy facebook page lists the following information under other:

[hours of operation:

Monday 9:00 am - 5:00 pm

Tuesday- Thursday CLOSED

Friday 9:00 am - 5:00 pm

Sat-Sun CLOSED

I guess those salespeople are really beating down the doors during that 16 hour work week.thats why sales are through the roof and stock price is slowly making its way to the earths core.

I would like to apply for a job. Us Americans don't work hours like this- at least not anyone I know.

Mr Braun, are these the hours you work and get paid 200k a year? Or is that misinformation spread through the internet.

Also, the company webpage says the hours a 9-5 - 5 days a week (" I think) sounds like,a bit,of a discrepancy. Somewhere.

Anybody remember Fran Olsen? Or maybe it was Olson. Real POS.had what appeared to be the nations first gay tv network. Was up and running- but he just issued shares a after shares into the billions. And destroyed it. I followed that one- I didn't really invest but the other investors and employees sued him. He was fined 2 million imthink tomwhichnhemrpliedmhe could not pay and I believe he died 2 or so years ago.

Anyway, if we keep,issuing shares we could end up in the same sinkhole.

[SMNY]

VWTF?

[Harleyman]

lol, it is, but like me, I think most longs are now just holding out for something good or bad....either way, an answer would be nice!

[SMNY]

Is this thing on?

[SMNY]

FYI- I meant aura is a better product- not mela find

[SMNY]

Why is there so little information from Verisante to the shareholders? Is the consensus the we are on our way out? Over 90 million shares and counting and no(or practically ) no sales insight. Should we issue a few billion and then do a 10-1 reverse split making the paper more valuable than the stock? FDA Has been 2.5 years and counting - give or take. Why? The Melafind seemed much quicker and this seems to be a far superior and versatile product.

I suppose my main question is wtf is going on? Just because you are a pink sheet and do don't have to release timely info sure sure shakes investors trust. - maybe that's one of the reasons the stockmprice is where it's at....oh and the no sales thing.

I saw an interview a while back with at Braun stating he held most outstanding shares. I wonder if that's still the case or if he has slowly sold.

Penny stocks are an undoubtably large risk but a good product should practically sell itself- if it's good to begin with. This sounded like it had potential but time seems to be moving us I the other direction.

[SMNY]

So for those of you who have a better understanding than I do- if they are raising another 3 million to pay the salaries ( with what seems like little care for stockprice) will they just issue another 3 million dollars worth of shares at market value?

@ .024 that'll be over 100 mill shares( if I did math right) and will increase the outstanding shares by the same amount? Which completely dilutes the stock.

Is this the way it works?

[mike25]

Wow ,3 million for more shares at .025 plus warrants,the person has just taken over company , so what now 200,000,000 shares plus warrants ''Great job" Thomas Braun .Such a good product but such (don,t want to say the word,could get barred )management. Braun you should step down as President @ Ceo and get someone in that know hows to run a start up company.

[SMNY]

http://www.stockhouse.com/news/press-releases/2016/05/20/verisante-provides-operational-update

[SMNY]

Some weird shite going on. Different sites showing different prices. I think there may be shenanigans.

[SMNY]

Yeah the price jumped a few cents for 2 days . Somebody prob payed more than they should.
It is way past time for some information though.

[End Game]

Such is the life of owning penny stocks. I owned one penny stock that went completely dark for a couple of years. And, then one day it went private for 450% premium last year. Verisante is giving us just enough information to be legal. All of these I consider Vegas bets. I'm not sure why my account showed the share price yesterday .08/share and today $.05's.?

[SMNY]

I'm trying to understand the reason this stock is trading at the pathetic price it's at. It's is supposedly cutting edge Technology. Many intelligent people and organizations want to se it succeed.

Mr Braun is a lawyer. A lawyer who specializes in takeovers and acquisitions. This does not give him experience in the daily operations of a medical device manufacturing company but he has been doing just that for multiple years now.

Obviously sales are key and FDA approval. We seem to be past the standard age time that an approval takes but with absolutely no communication from the company we are left with our
Own negative thoughts. The more time goes by,
The less any positive outcome Seems likely.

Isn't there an operational update overdue?

It seems that whenever the company runs short on cash for operating expenses they just issue more shares and further dilute an already heavily diluted stock.
I read somewhere that Mr Braun makes over 200k per year for his meetings and flying here there and the other place.200k a year while the stock is trading at .028. Whose interests are the management most concerned with?
These are My opinions. Nothing more. I'm just a shareholder sick
Of seeing My investment fade to nothingness.

I have read that This company does not reply to emails from stockholders. There is virtually no communication.

I think it's time that someone in the the company with some knowledge of what is happening let the shareholders know.

Any opinions? This is purely a request for information as
To why thousands of my hard earned money has evaporated.

Once again this is just opinion based upon many messages read on various message boards and also Analysis of operational updates.

[End Game]

July 9, 2015 at 7:30 am

Yeah, I still have faith. The BC Cancer Agency wants them to be successful at almost any cost. Time will tell.


"HIRES FULLTIME SCIENTIST FROM BCCA

VANCOUVER, BRITISH COLUMBIA - Verisante Technology, Inc. (TSX-V: VRS, OTCQX: VRSEF) (the “Company” or “Verisante”), a leader in skin cancer detection technology, announced today that it has entered into an agreement that amends the licensing agreement (the “Agreement”) originally entered into with the BC Cancer Agency (“BCCA”) in July 2010.

Under the more favorable terms of the Agreement, the Company continues to hold exclusive rights to use and sublicense BCCA’s patented Raman technology, and to manufacture and sell Aura™, a device for the detection of skin cancer, and Core™, a device for the detection of certain internal cancers in specified territories.

“The amended terms of our licensing agreement puts Verisante on a much stronger business footing,” said Thomas Braun, President & CEO. “We are looking forward to continuing our close collaboration with the BC Cancer Agency as we move ahead in bringing this game changing technology through the commercialization process.”

“The BC Cancer Agency is committed to the success of this exciting cancer detection methodology,” said Sam Abraham, Vice President of Research for the BC Cancer Agency. “The BC Cancer Agency has contributed many years of research and development into this technology, and we will work with Verisante as needed to enable success of this technology.”

In addition, the Company announced it has hired Dr. Michael Short, Ph.D. as a fulltime senior scientist. Dr. Short’s specialization includes the use of Raman spectroscopy for early cancer diagnosis, the optical detection of organic compounds in breath for disease screening, in addition to phosphorescence and fluorescence of materials and interaction of ionizing radiation with matter. He is also the co-author of numerous peer reviewed publications in the field of cancer imaging. After working for ten years at the BC Cancer Agency Research Centre, Dr. Short will lead the Company’s continuing research and development efforts in the Raman field. He recently played a major role in a previously announced ground-breaking brain cancer study in London, UK.

Verisante also announced today that the Company has closed a non-brokered private placement of 916,745 common shares at a price of $0.11 per share for gross proceeds of $100,842. The Company is also negotiating debt for shares settlements to decrease the accounts payable and preserve the current cash on hand. Currently the Company has agreements to issue a total of 552,137 common shares at a price of $0.10-0.17 per share, for total debt settlement of $76,664, and continues to negotiate debt for shares settlement agreements with other creditors."

[mike25]

thanks---you said "this is a Vegas bet" does that mean you still have faith in this stock??? did you notice a said stock not management???

[End Game]

At this point very low expectations. Like I said earlier, this is a Vegas bet.

[mike25]

new low .04 cents per share for the best skin -lungs -colon -cervical cancer detection product??...only down $1.23 from there high....great management ....time for raise Mr.Braun- you are doing so good...Whats your next move .03 - .02 or you going to go for the all time low of .01 per share.

[End Game]

Verisante is an educated Vegas bet. I won 2 jackpots last year in Zmtp and Homs with multi baggers. Losing big with Mine. Duh....this is a penny stock. At least Verisante has two real products.

[mike25]

I could be wrong but I think I bought when there was around 50,000,000 not the 92,000,000 like we have now.I call that diluting big time..But than again it's been only 5 years since we were trading at $1.27 Go figure..Todays a great day we reached $0.055 we must be on a roll .Yes what a great management team we have, but what do you expect the CEO only gets a little over $250,000.00 a year....---no I think he give himself a raise?????

[SMNY]

What would be the most likely outcome if FDA approval was granted for the AURA? We are at .045. It's approved in 4? Other countries which appears to have no affect. Will the stock jump? Will it hold? Would the company sell its technology? This FDA approval is a long process but it's already been going on a long time.

Why is this trading at such a low price considering the implications of this technology?

http://www.emergogroup.com/resources/research/fda-510k-review-times-research

[End Game]

To be honest for a penny stock, they aren't diluting the crap out of the stock. What they are doing seems reasonable to survive, until they get FDA approval. That's why I keep holding my shares. Even good Canadian stocks are out of favor right now. I own VNWTF, which is a cash generating machine. The share price does nothing, but at least it does pay a nice quarterly dividend.

[mike25]

I am away down too,so I bought at .05 to average my cost down but still seating at .45cents and not to happy..What a good product owned by a rotten run company......IMO..

[End Game]

Yes, not as I planned. I'm down 80%! That said, I still own all of my shares. Hoping their ship will sail in one day. Good product, just little demand without U.S. market.

[mike25]

huge news --right???? new levels -right???? we have gone from as high as $1.27 to .04-.045 cents..with the best Cancer detection machine in the World.... What a joke this stock has turned out to be. Thomas Braun please do something besides cashing your big pay checks.Such high hopes for people with cancer--Yes I did see something you did--Private placement so you could give yourself a raise.. what a great leader you turned out to be...

[Harleyman]

News for 'VRSEF' - (Press Release: Verisante Technology, Inc. Announces Re-Negotiated Letter of Intent for Equity Stake in Chinese Company)

Verisante Technology, Inc. Announces Re-Negotiated Letter of Intent for Equity Stake in Chinese Company
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2014) - Verisante Technology, Inc. (TSX VENTURE:VRS)(OTCQX:VRSEF) (the "Company" or "Verisante"), a leader in cancer detection technology, announced today it has renegotiated a Letter of Intent between the Company and strategic partner (the "Partner") in the People's Republic of China, which terms were previously announced on June 25, 2014.
Under the terms of the new Letter of Intent, Verisante will enter into a Definitive Agreement to sublicense the world-wide rights to develop and commercialize the Core(TM) Raman technology with the ClearVu(TM) endoscopic camera system for the detection of lung cancer, and the China marketing rights for other Core(TM) series products (subject to existing agreements) into an LLC Company in China (the "LLC").
Verisante will received a 30% equity stake in the LLC, and the parties agree to list the LLC onto the Chinese OTC market as soon as the LLC meets listing standards, with the longer term goal of upgrading the LLC onto the ChiNext Tire of the Shenzhen Stock Exchange.
Other material terms of the Letter of Intent include:
-- The Partner agreeing to an equity investment of $2,150,000 into Verisante
over the next 24 months ($300,000 of which has already been invested in a
previously announced private placement);

-- The LLC agreeing to fund the development and commercialization of the
Core(TM) device for lung cancer, including all regulatory costs
associated with medical device approvals in China;

-- The LLC agreeing to pay Verisante a $1 million development fee upon
regulatory approval and sale of the LLC's first Core(TM) product; and

-- Verisante agreeing to oversee manufacturing and supply of the Core(TM)
for lung cancer to the LLC.
"The amendment to our original Letter of Intent to create a newly listed Chinese Company will allow greater access to the Chinese capital markets to be able to fund the development and commercialization of our Core(TM) technology for lung cancer", said Thomas Braun, President & CEO of Verisante. "China has approximately one third of the lung cancer cases in the world, and is currently the second largest buyer of medical devices globally. This commitment of stable capital flow over the next 24 months will also advance Aura(TM) (for skin cancer detection) into the US FDA approval process, and support continued sales and marketing for Aura(TM) in territories where the device is already approved."
About Verisante Technology, Inc.
Verisante is a medical device company committed to commercializing innovative systems for the early detection of cancer. The Verisante Aura(TM) for skin cancer detection and the Verisante Core(TM) series for lung, GI tract and cervical cancer detection utilize a proprietary cancer detection platform, while the operating software and probe technology are unique to each device. The cancer detection platform was developed by the BC Cancer Agency and tested and refined at the Skin Care Centre at Vancouver General Hospital. This exclusive platform technology allows Verisante to develop and offer a range of compact, non-invasive cancer detection devices that offer physicians immediate results for many of the most common cancers. Aura(TM) has been approved for sale in Canada, Europe and Australia. Core(TM) has not yet been approved for sale.
Verisante Aura(TM) was awarded the 2014 North American Technology Innovation of the Year Award for In Vivo Cancer Detection by Frost & Sullivan, Popular Science Magazine's "Best of What's New Award" for 2011, awarded a 2013 Prism Award for Innovation in Photonics and an Edison Award for Excellence in Innovation in 2013. Verisante Core(TM) was named one of the top 10 cancer breakthroughs of 2011 by the Canadian Cancer Society.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward Looking Statements
This release contains forward-looking statements, including, but not limited to, statements regarding the future commercialization of medical devices, the market demand for these products and the proprietary protections the Company will obtain with regard to the technology, all of which statements are subject to market risks, and the possibility that the Company will not be able to obtain patent protection or obtain sufficient customer demand. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties.
Company Contact:
Thomas Braun, President & CEO
Verisante Technology, Inc.
[phone]
[e-mail]
Website: www.verisante.com
YouTube: www.youtube.com/verisante
Twitter: www.twitter.com/verisante
Facebook: www.facebook.com/verisante
(END) Dow Jones Newswires
September 30, 2014 10:00 ET (14:00 GMT)- - 10 00 AM EDT 09-30-14

[End Game]

I've been called worse.

[lared]

End Game..u r delusional

[End Game]

Huge China news today. Ready to take Verisante to a new level in 2015.

[lared]

My respect for the Edison Awards continues to reach all-time lows.

[mango251]

Thanks lets hope today's news starts this stock back up!

[dippyfloppity]

New pr today

http://www.otcmarkets.com/news/otc-market-headline?id=16174702

[croman]

The bad debt probably originated from the units that were sent to their european distributors. If you recall, VRS stated in one of their previous financials that all shipped units were considered sold units, and where therefore entered as receivables in the books. With that being said, the european distributors most likely did not sell many units, or the distributors did not receive payments for the sold units, and therefore did not forward the proceeds of the sales to VRS.