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I like the quiet. Big things usually accompany these quiet times. The voting has come and gone. Nothing was announced on that day, like I had hoped. Perhaps something will come on the heels of Earnings. I am liking the slow rise back up into the $0.20's US. Sitting on $0.22 and its sustaining. Usually we se a bunch of selling at these levels. So, we must ask, why isn't anybody selling. My fingers are crossed. I think we end 2020 and hit 2021 running hard.
Congrats on your additions! I've been buying up the parent company's other plays as well. Moovly Media(MVY, MVVYF) and Canadian Palladium (BULL, DCNNF). I like that their business model revolves around building up startups and then selling them.
No idea when the proxies will be sent out.
There's really quite a number of things that happen other than a buyout. Whatever it is, its making them put in the effort to be more organized and look more legit. That normally happens when a company wants a big time entity to get involved with them. My guess is a partnership of some sort.
I'm just going to hold tight.
Start paying attention a little more between now and the Nov. 4 meeting. They sent out the what the purpose is of the meeting, and what we will be voting on, which includes the basics of what every company, except for one key thing, that is normally not included in most of these things......
#5 To transact such other business as may properly come before the Meeting.
I think we can expect some big news in the next few weeks. Something to vote on. My heart says buyout coming. But I just don't think they are ready for that just yet. Something else is cooking. You just don't all of a sudden call an annual meeting when you have never done so before in the last 4 years.
Large partnership perhaps? Gonna be interesting. Its a Canadian holiday today so trading is nil. Might have to add this week.
NOTICE OF ANNUAL GENERAL MEETING OF THE SHAREHOLDERS
TAKE NOTICE THAT an annual general meeting (the "Meeting") of the shareholders of Versus Systems Inc. (the "Corporation") will be held at 1558 West Hastings Street, Vancouver, British Columbia, V6G 3J4, on Wednesday, November 4, 2020 at 11:00 a.m. (Vancouver time) for the following purposes:
1. to receive and consider the financial statements of the Corporation as at and for the years ended December 31, 2019 and 2018 together with the report of the auditors thereon;
2. to fix the number of directors of the Corporation at five (5);
3. to elect the directors of the Corporation for the ensuing year;
4. to appoint the auditors of the Corporation for the ensuing year and to authorize the directors of the Corporation to determine the remuneration to be paid to the auditors; and
5. to transact such other business as may properly come before the Meeting.
NOTICE OF ANNUAL GENERAL MEETING OF THE SHAREHOLDERS
I think we will get some big news between now and the meeting. You don't normally see #5, "to transact such other business as may properly come before the Meeting." when it comes to these releases.
Versus has had just a massive September when it comes to advancement of the company
1. They have gotten 2 more patents approved, effectively locking up their core IP.
MANAGING REWARDS IN INTERACTIVE MEDIA ACROSS GEOGRAPHICAL LOCATIONS.
PROMOTING COMPETITIVE BALANCE IN MULTIPLAYER GAMING.
All in addition to the main patent that was approved in march of 2019.
SYSTEMS AND METHODS FOR CREATING AND MAINTAINING REAL MONEY TOURNAMENTS FOR VIDEO GAMES.
2. Launched in China with HP's Omen
3. Partnered with Predictmedix to have their software involved in clinical trials, etc.
4. Announced the first annual meeting to take place for shareholders as of Sept. 30 to take place November 4th.
Versus Systems Partners With Predictmedix To Develop Products For Healthcare Applications In The Clinical Trial Market
Versus brings its real-world prizing software to a new vertical – healthcare – as life science companies look to improve clinical testing diversity, compliance
[/I]
Versus Systems Partners With Predictmedix
LOS ANGELES, October 1, 2020--Versus Systems, Inc. (“Versus”) (CSE:VS) (CSE:VS.CN) (OTCQB:VRSSF) (FRANKFURT:BMVA) today signed an agreement with Predictmedix, Inc. (CSE:PMED)(OTCQB:PMEDF), a medical software company that integrates Artificial Intelligence “AI” into healthcare testing technology. The agreement is to bring Versus’ proprietary rewards platform to the healthcare vertical – allowing healthcare providers, Contract Research Organizations (CROs), and life science companies to use rewards to recruit and retain a broader range of patients, and to promote compliance in testing medical therapies. These products, for use primarily by CROs, academic medical centers and those in the clinical trials markets, will enter a market that Fortune Business Insights estimates at $40 Billion USD annually.[1]
Predictmedix will use Versus’s patented rewards and engagement engine to incentivize users and patients to take steps in their treatment. In the case of clinical trials, this may include rewarding patients for joining certain trials, as well as for complying with trial protocols. According to Deloitte, recruiting, retention, and compliance are central issues in the clinical trial space with over 40% of patients not adhering to trial protocols.[2] The Versus IP allows for remote data collection, real-time feedback, and a rewards-based engagement that could change patient behaviors and outcomes - saving time and money, and also improving healthcare outcomes by providing more complete trial data.
https://www.fortunebusinessinsights.com/industry-reports/contract-research-organization-cro-services-market-100864
https://www2.deloitte.com/us/en/blog/health-care-blog/2020/improve-clinical-trial.html[/url
U.S. Patent Office Grants New Patent Claims For Versus Systems’ In-Game Rewards Platform
Los Angeles, California, September 24, 2020 - Versus Systems, Inc. (“Versus” or the “Company”) (CSE:VS) (OTCQB:VRSSF) (FRANKFURT:BMVA) announces that, pursuant to a Versus filing made in 2015, the U.S. Patent and Trademark Office (USPTO) has allowed 23 new claims associated with a patent filing titled “MANAGING REWARDS IN INTERACTIVE MEDIA ACROSS GEOGRAPHICAL LOCATIONS.”
The patented claims protect, among other things, systems and methods for including a participant’s current geography in the prizing calculus. Along with other characteristics, a participant’s location at a specific time (in a stadium, at a concert, on a bike ride, within proximity to a specific vendor) may impact which prizes are available to that participant. Prize providers on the Versus platform may use this patented functionality to create campaigns specific to certain locations, and certain events, while also allowing different prizes to be offered and won by participants who are playing or watching Versus-enabled content in different locations.
As with other recent granted patents, these claims include explicit coverage for mobile, console, and PC games like those available on HP OMEN. They also account for apps, AR/VR applications, and other forms of interactive media. Developers and publishers that partner with Versus will have access to the full suite of protected claims and patents that Versus has been granted, addressing legal and regulatory compliance dynamically across federal, state, and local law - allowing content partners to place prizes in-game, or in-app for their players to earn as they play.
In addition to these new claims granted by the USPTO, as well as their other issued patents, Versus has filed a number of other claims related to their platform that are currently pending in the United States, and in other Patent Cooperation Treaty countries. Versus actively develops new technologies for prizing and rewards inside interactive media and files for intellectual property protection accordingly.
U.S. Patent Office Grants New Patent Claims For Versus Systems’ In-Game Rewards Platform
Versus Systems Launches Rewards With HP Into $78 Billion Dollar Asia Pacific Market
Los Angeles, September 16, 2020 -- Versus Systems, Inc. (“Versus”) (CSE:VS) (OTCQB:VRSSF) (FRANKFURT:BMVA) announces the first Asia-Pacific launch of its patented in-game rewards platform. OMEN Rewards, powered by Versus, is now available in China inside HP (NYSE: HPQ) OMEN Command Center – pre-installed in HP OMEN and Pavilion laptops and desktops and also available on the Windows App Store.
According to Newzoo’s 2020 Global Games Market Report, the Asia-Pacific's gaming market will have approximately 1.4 billion gamers by the end of 2020 which is more than half of all players worldwide. The same report forecasts that the Asia-Pacific region will generate $78.4 billion in gaming revenues in 2020 - accounting for almost half of all gaming revenues globally.
Versus Systems Launches Rewards With HP Into $78 Billion Dollar Asia Pacific Market
Something positive has changed for sure. This is will be the first shareholder meeting they ever had. I'm looking forward to seeing the proxy. I find it a coincidence that they just had another key patent approved which locks up all of their core IP. As you may know, a company like this doesn't get bought out if the IP isn't fully locked up. Now it is. I'm leaning towards a full buyout from HP is coming. They already have their foot in the door, so to speak, so it would make sense for them to buy this out.
Versus, on it's own, does not have the connections, the infrastructure, the logistical ability, the management knowhow, or the capital that is needed to turn this into a profitable company. A company like HP, Microsoft, etc, etc could take this pipeline from zero to hero instantly. That is why it will command a a good buyout price. The potential is just too great to go for peanuts.
I've been in this 4 years as well. I've been able to amass a nice position buying on all the dips and some of the rises. It will be tough for this to break out the $0.30's US. At current US dollar/Canadian dollar rates, it would have to hit $0.46 CAN just to get to $0.35 US.
Looking at the shares structure, and all the share offerings over the years, if we are to continue going up and sustain a higher PPS, then then the majority of those who bought the offerings listed below, would have to hold. If it does hold and continue to go up, then we know something is up, because those holders are Tutes and they tend to have better foresight into everything. If this sells off, I think there is no buyout in the works. It could be just that the company is getting out of 'start-up mode and is trying to become and act like a normal public company. Which is a great thing as well.
With that being said, let's take a lookout the share structure.
Shares Issued and Outstanding
As of right now, 150,012,230 class "C" common shares and 33,713 Class “A” shares, Series 1 issued and outstanding. Most of these common shares have been offered at $0.25, and under, with about 14-15 million being issued at $0.30 CAN
Then you have Stock Options totalling 17,688,707 that expire from mid July 2020 thru 2025 with exercise prices between $0.21 - $0.46 with an average being $0.31.
Then you have Outstanding Warrants of 41,602,531 with an average price of $0.34, with a range between $0.18 - $0.40
Let's take a peek at the share offerings from 2016 to present day.
Share Offerings & Warrant Exercising.
On June 30, 2016, the Company issued 20,160,000 units at a price of $0.25 per unit
During the year ended December 31, 2016, a total of 7,216,666 share purchase warrants were exercised at $0.123 per unit
On March 17, 2017, the Company completed a non-brokered private placement wherein it issued 8,000,000 units at $0.25
During the year ended December 31, 2017, a total of 2,848,000 share purchase warrants were exercised at $0.30 per unit
On March 29, 2018, the Company issued 2,999,000 units at a price of $0.30 per unit
On April 12, 2018, the Company issued 9,260,667 units at a price of $0.30 per unit
On February 14, 2019, the Company issued 9,987,655 units at a price of $0.18
On May 21, 2019, the Company acquired an additional 3,186 shares of Newco from one of the Selling Members in exchange for 9,184,141 common shares.
On July 26, 2019, the Company issued 17,517,500 units at a price of $0.20 per unit
On August 9, 2019, the Company issued 4,545,454 units at a price of $0.22 per unit
During the year ended December 31, 2019, the Company issued 2,529,805 common shares pursuant to the exercise of share purchase warrants and stock options at $0.168 per unit
From January 1, 2020 to June 30, 2020, the Company’s warrant holders had exercised 5,223,333 warrants at an exercise price of $0.15 per share
On February 13, 2020, the Company issued 2,400,000 units at a price of $0.25 per unit
On July 17, 2020 the Company issued, 2,760,500 units at a price of $0.25
So, that's 104,632,721 shares that have been offered up from 2016 to present day. Now, over the years, I'm sure many of those have already exchanged hands. But still, they exchanged hands the majority of the time under $0.30 CAN. Only for a few, brief moments has the stock went over $0.40 CAN.
From my understanding, If a buyout is to occur, you have to take total amount of shares outstanding 150,012,230 , add the Stock Options of 17,688,707. Then add the Outstanding Warrants of 41,602,531. All that comes to 209,303,468 shares that would have to be dealt with in buyout. Then there are the class A shares of 33,713. I haven't dug into their value, so it is what it is.
At current Canadian PPS of $0.345, that gives it a buyout market value starting at $72,209,696 CAN, without including the Class A shares.
U.S. Patent Office Grants New Patent Claims for Versus Systems’ In-Game Rewards Platform
New Patented Claims Cover Dynamic Regulatory Compliance, Multiplayer Balance, and Real-World Rewards in Interactive Media
New Patent
Los Angeles, California, September 9, 2020 - Versus Systems, Inc. (“Versus” or the “Company”) (CSE:VS) (OTCQB:VRSSF) (FRANKFURT:BMVA) announces that, pursuant to a Versus filing made in 2015, the U.S. Patent and Trademark Office (USPTO) has allowed 20 new claims associated with a patent filing titled “PROMOTING COMPETITIVE BALANCE IN MULTIPLAYER GAMING.”
The patented claims protect a number of proprietary systems and methods for architecting multiplayer matches and competitions in such a way that they maximize the level of skill required to win, rather than relying on elements of chance. Promoting competitive balance using these methods will allow content companies - including major game publishers, video platforms, and fitness apps - to offer real-world prizes in more states, territories, and countries than they could previously – dramatically increasing the potential number of participants in a sweepstakes, tournament, or reward-based competition. Versus will be using these patented technologies in Versus-enabled systems like HP OMEN, Animoca games, and Kast video streams going forward - allowing players to play for real-world prizes inside their favorite games, and allowing viewers to earn rewards as well.
Start paying attention to Versus. They have scheduled an Annual Investor Meeting for the first time ever.
With the price going up the last few days, we could be in for a pleasant surprise. I'm already loaded up to where my risk level allows, so I'm just holding.
Are you seeing the price action over the past few days? Now an Annual meeting is to be had at the end of September. They have never done an annual meeting before. I'm guessing something is up! Strap in and hold tight.
Versus System's Annual General Meeting.
I find this odd, being that they have never had an annual general meeting in all the time I've been here. PPS is surging. Something is up!
Annual General Meeting
Versus Systems' Chief Technology Officer and Director of Engineering to Lead Mnesia Workshop at ElixirConf 2020
Versus Systems engineering leaders share their expertise on utilizing highly scalable and reliable technology stack for its rewards platform to worldwide audience of developers.
Los Angeles, California--(Newsfile Corp. - September 1, 2020) - Versus Systems, Inc. (CSE: VS) (OTCQB: VRSSF) (FSE: BMVA) ("Versus") to have Chief Technology Officer, Alex Peachey, and Director of Engineering, Chris Hildebrand, lead "Mnesia: Concept to Reality", an Elixir workshop showcasing real-world solutions that leverage Elixir/Erlang OTP middleware tools at ElixirConf 2020 on September 1-2, 2020.
"Mnesia is a database tool in the OTP that gets little coverage," said Chris Hildebrand. "There was a knowledge gap in the Elixir community that we overcame through trial and error. We're thrilled to return to ElixirConf as educators this year to share what we've learned and our insights with the attendees and the broader Elixir community."........................
Mnesia: Concept to Reality
VERSUS SYSTEMS INC. ER JUNE 30
Management’s Discussion and Analysis Six Month Period Ended June 30, 2020
ER Quarter ending June 30 2020
Versus Systems Appoints David Spiegel to its Advisory Board
Versus tabs senior sales executive from Buzzfeed, Vox, to join ad sales team[/I]
Spiegel is a dynamic executive with an extensive track record of developing and implementing unique and effective marketing programs for a wide range of media enterprises and their partners. He has spent the past decade in leadership positions at some of the most well-regarded publishers. In Spiegel’s most recent role as head of sales at New York Media (publisher of New York magazine), he led a complete business transformation, enabling the merger with Vox Media, where he served as vice president of sales.
David Spiegel
As for duplicating their technology, it will be tough to get by their patents and patents pending.
The only option is to buy them out. I don't think it will be google. I think its more of Amazon genre type of business buyout play. Also, HP is already partners with them. I'm sure they would like to lock up this tech for themselves and license it out to their competitors.
This is definitely a stock you won't see the pps grow. Its proven that, given their countless achievements and victories, followed by no change in pps. This company only exists to be bought out. This will go from current level, to the buyout price overnight. Its a 'wake up and your rich' play.
Gett'em while, they're hot
Versus Systems Enters Health and Wellness Sector With ePlay Digital
Agreement to Bring Prizing to Fitness and Wellness Apps Marks Significant Corporate Milestone[/I]
LOS ANGELES, August 10, 2020 -- Versus Systems, Inc. (Versus) (CSE:VS) (OTCQB:VRSSF) (FRANKFURT:BMVA) today announced a partnership with ePlay Digital Inc. (CSE:EPY) (OTC:EPYFF) (FSE:2NY2), an award-winning Augmented Reality studio, to bring Versus’ proprietary in-app rewards technology to ePlay’s health and wellness applications and platforms.
With ePlay, Versus expands into the global wellness market, valued at over $4 trillion according to the Global Wellness Institute. ePlay’s catalog of health, wellness and personal improvement applications further diversifies Versus’ content offerings for reward partners in video content platforms and lifestyle mobile applications.
“When considering health and wellness platforms, with fitness apps in particular, we are looking at a market size that’s expected to reach approximately $15 billion in the next five years,” said Craig Finster, President and CFO of Versus Systems. “We examined that growth potential and the opportunities that would bring and realized that scaling our platform into the wellness category is a no-brainer.”
Versus Systems Enters Health and Wellness Sector With ePlay Digital
Yeah, its an amazing company. Completely unknown. Its off the US radars because its not a US based company. The money behind the deal is from a mining billionaire who builds and sells companies left and right. One has to surmise that this is as pure of a buyout play as it gets. The company is very quietly building partnerships all over the place. Given all the progress, and with the lockdown, I imagine we will see an ER that puts them from the red into the black which will set up a buyout.
The current O/S is 132.73 million. Float is 101.2 million.
Insiders own 24%. Has a market cap of just $9.95 million Canadian.
This isn't a play where you wait for the pps to go up as business progresses, although it will. Its a play that you hold and wake up to buyout news. All research indicates, as I said above, that this is a pure buyout play.
If you look at the guy's other plays, you have VRSSF, Versus Systems, which is the biggest unknown tech play I have ever seen in the 12 years I have been doing this.
One thing you must know should you invest in Moovly or any of this guy's plays is that the pps goes up and down on a whim. If you are playing them short term, they will be very frustrating.
Moovly Media - MVY Canadian Ticker MVYYF American Ticker
Versus Systems - VS Canadian Ticker VRSSF American Ticker
Well, the strategy of holding onto info is definitely a tactic many use. Depending on the news of course and what event is considered material information. If its material info they have 4 biz days to file a 8K announcing the development.
Text book OTC momentum. I love it when these continued patterns repeat themselves over and over and over again. I hope people took profits on the way up. Time to start thinking about reentry as we go into covid results and pre-pdufa territory. Hoping to see more panic selling first.
Remember, the trading/pps has nothing to do with product, but the traders that trade it. People trading it don't even know the name of the company. All that matters is the ticker symbol and what the momentum is. All the student traders are trying to snipe it right now. A couple groups did a bear raid combined with a 'buy the dip' after a quick cover. This is all just day trading strategies at play being executed by groups with 1000's of beginner students. Lot of losses are stacking up on Syke's group alone for miss timing the bear raid. Then you have Clay's, etc, etc, etc.
Those firms are ambulance chasers. There will be no investigation until somebody becomes their client and pays them a ton of money.
Citron report was very poorly done. They failed in every way to present a solid argument. That being said, given their reputation, investors will believe every word they say and therefore the stock will be on the receiving end of massive short positions and be victim to negative propaganda.
It’s up to Cytodyne now to deliver the goods. And they need to do it quickly. If that article festers without a response, it will be back to the 1’s very quickly. I expect to see a response this week to the article.
The volatility is going to be nuts.
Congrats to those that took profits and were able to rebuy the dip! That was a perfectly executed bear raid by the trading groups.
Bear raid. Large group of short sellers attack at once, which the trading schools orchestrated. Those short sells create panic selling among newbie Longs. Those sells drop it to ‘stop loss’ triggers. That drops it even more. Then it bounces as the short sellers cover.
It’s not about news. It’s about the traders that trade the stock. For those that took their principle, or more, off the board can now buy the dip. This is how penny stocks are played.
It’s not about the catalyst. It’s about the traders that trade the stock.
With penny stocks, taking profits is what you do. Greed kills. My advice was spot on.
Yes. As evidenced by the last 10 minutes. It’s not about the company or product, but the traders that trade it.
While newbies will definitely chase, they will also be the first to panic. And panic hard they will do.
I feel profit taking will occur before the results come and nobody is better at selling low, than newbies. The Robinhood community is in for one hell of a shock. Lol.
Tuesday will be the last day of the 2nd quarter. I suspect profit taking to occur in order to lock in quarter gains. It’s up 335% since April 1.
People need to be locking in profits. Regardless of the product, this is still currently a penny stock and it moves according to the traders that trade it.
As good as it was to see many short sellers get wiped out, there are plenty of good ones waiting in the wings. Waiting to smell blood in the water and they will react ferociously.
For anybody with positions in the 1st through 6’s, know that the ones in the 7’s and 8’s will panic sell faster then you can blink on the first red day.
Don’t get caught riding this back down. Don’t be married to the product and it’s potential. This is all about the traders that trade it. At the end of the day it’s still a penny stock. Lock in profits and buy back low. If you get greedy, you will lose it all.
Locked in more profit at the bell at 8.80. So many short traders shorting before the first red day during a squeeze. Never short before the first red day. Such a simple rule to follow yet investors for some reason would rather be squeezed.
This was such an obvious positive play from the get go. Still can’t believe there was actual doubt. As for this much of a positive play, I didn’t expect it. Glad so many people that saw the clues are making money.
Love seeing the short squeeze panic on the ‘student’ sites. Nothing worse for a good, experienced short seller then a short seller in training whom is panic covering.
Eventually this will go back down. Never short a squeeze on a green day. Always wait for the first red day. This is a 100% short squeeze pattern match for Tesla’s squeeze.
All Longs should have at least their principle cost taken off the board by now and be playing with house money.
Think of all the money he cost people. In missed profits and forced covers.
Short sellers continue to get caught short on daily opening bursts. So many getting called and being forced to cover which only drives the price higher, which in turn, forces other short sellers cover.
Until short sellers stop taking short positions overnight, they will continue to burn each other Fed the current trend.
Locking in some more profit as shorts rush to cover.