Might be worth a look as it starts trading again.
VRSEF
"VANCOUVER, BC, June 6, 2022 /CNW/ - Verisante Technology Inc. (NEX: VRS.H) on April 23, 2018, the Company announced that it had entered into debt settlement agreements (collectively "Shares for Debt Transactions") with certain creditors of the Company. 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transactions were suspended when the Company was subject to a Failure to File Cease Trade Order on May 4, 2018 which was revoked on April 6, 2022. Pursuant to the settlement agreement the Company will issue 15,154,182 common shares at a deemed price of $0.05 per share to settle $757,709.10 of outstanding debt subject to TSX-V review and acceptance. All shares issued pursuant to the Shares for Debt Transactions will be subject to a four-month-plus-one-day hold period from the date of issuance. Some Shares for Debt Transactions involve former directors of the Company and therefore may constitute a related party transactions under Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). The Company has determined that it is exempt from the minority approval and formal valuation requirements under MI 61-101 in respect of the Shares for Debt Transactions, relying on the exemptions found in sections 5.5(1)(a) and 5.7(1)(a) of MI 61-101. The participation by former directors in the Shares for Debt Transactions has been approved by directors of the Company who are independent in connection with such transactions.

The Company also received a proposed private placement for $10,000 on April 27, 2018 for 200,000 common shares at a price of $0.05. This transaction was suspended when the Company was subject to a Failure to File Cease Trade Order on May 4, 2018 which was revoked on April 6, 2022.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 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."

Nice. Looks like the creditors put a value of $.05/share.
"VANCOUVER, BC, June 6, 2022 /CNW/ - Verisante Technology Inc. (NEX: VRS.H) on April 23, 2018, the Company announced that it had entered into debt settlement agreements (collectively "Shares for Debt Transactions") with certain creditors of the Company. 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transactions were suspended when the Company was subject to a Failure to File Cease Trade Order on May 4, 2018 which was revoked on April 6, 2022. Pursuant to the settlement agreement the Company will issue 15,154,182 common shares at a deemed price of $0.05 per share to settle $757,709.10 of outstanding debt subject to TSX-V review and acceptance. All shares issued pursuant to the Shares for Debt Transactions will be subject to a four-month-plus-one-day hold period from the date of issuance. Some Shares for Debt Transactions involve former directors of the Company and therefore may constitute a related party transactions under Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). The Company has determined that it is exempt from the minority approval and formal valuation requirements under MI 61-101 in respect of the Shares for Debt Transactions, relying on the exemptions found in sections 5.5(1)(a) and 5.7(1)(a) of MI 61-101. The participation by former directors in the Shares for Debt Transactions has been approved by directors of the Company who are independent in connection with such transactions.

The Company also received a proposed private placement for $10,000 on April 27, 2018 for 200,000 common shares at a price of $0.05. This transaction was 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 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."

There's life.
https://finance.yahoo.com/news/verisante-announces-reinstatement-trade-corporate-204200536.html

Should be a moot point within a month. Here's a good interview from Minim's CEO.
https://thewallstreetresource.com/webcasts/

$MINM got the $1 Nasdaq listing filing I posted about last week.

"On April 25, 2022, Minim, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company, that because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. The notification from Nasdaq has no immediate effect on the listing of the Company’s common stock. If the Company does not regain compliance with Rule 5550(a)(2) by October 24, 2022, the Company may be eligible for an additional 180-calendar day compliance period.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a grace period of 180 calendar days, or until October 24, 2022, to regain compliance with the minimum closing bid price requirement for continued listing. To regain compliance, the closing bid price of the Company’s shares of common stock must meet or exceed $1.00 per share for at least ten consecutive business days during this 180-day grace period.



To qualify for the additional 180 calendar day compliance period, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price, and provide written notice to Nasdaq of its intent to cure the deficiency during this second compliance period, by effecting a reverse stock split, if necessary. However, if it appears to the Nasdaq staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice to the Company that its common stock will be subject to delisting.

The Company intends to monitor the closing bid price of its common stock and consider its available options in the event that the closing bid price of its common stock remains below $1.00 per share. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or maintain compliance with the other listing requirements."

We may get the sub $1 Nasdaq price warning, but will be $5 soon enough. Best value on Nasdaq.

Nice to find a legit Nasdaq stock with market cap lower than revenue. Their products pop up at the top of every modem/router search.

This is my #1 stock. Not worried and adding 500-1000 shares daily. This one stock will take me to the next level. And this is after netting $355K in stock gains 2021. If price doesn't move, a buyout to take them private will happen. Action has already started with latest filing.

"ITEM 5.03 AMENDMENT TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGES IN FISCAL YEAR

"On April 13, 2022, the board of directors of the Company (the “Board”) amended and restated the Company’s Bylaws (as so amended and restated, the “Bylaws”) to, among other things, allow stockholders of record of the Company, holding at least twenty-five percent (25%) of the common stock of the Company, the right to call special meetings of the stockholders of the Company and make certain other clarifying and conforming changes.

The amendments require that any special meeting request be made in writing and include, among other things, (i) a statement of the specific purpose of the meeting and the reasons for conducting such business at the meeting; (ii) the information that would be required to be set forth in a stockholder’s notice of a nomination and/or notice of business proposed to be brought before a meeting pursuant to the Bylaws; (iii) a representation that each requesting stockholder, or one or more representatives of each such stockholder, intends to appear in person or by proxy at the special meeting; (iv) an agreement to notify the Company promptly in the event of any disposition prior to the record date for the special meeting and that any disposition of shares prior to the special meeting shall be deemed a revocation of such special meeting request with respect to such disposed shares; (v) the number of shares of common stock owned of record by each such stockholder; and (vi) documentary evidence that the requesting stockholders in the aggregate own at least twenty-five percent (25%) of the common stock of the Company."

Here we go....$5 or bust!

It does look like $.02 is the breakout top to breach. Price has hit it five different days.

There's nothing to discuss until there is. Have to be in before there's something to discuss...for cheapies.

My big bet is INDI. Indi Semiconductor. They are mostly vehicle chips.

Do you have any names or is it too late?

Settled...

"On August 20, 2021 (the “Settlement Date”), Minim, Inc. (the “Company”) and Mr. Jeremy Hitchcock (the Company’s Chairman of the Board of Directors and, together with his spouse Elizabeth Hitchcock, who also is a director of the Company, the controlling stockholder) entered into a Settlement Agreement (the “Settlement Agreement”) with a stockholder of the Company who had made a demand to inspect certain of the Company’s books and records pursuant to Section 220 of the Delaware General Corporation Law to investigate the possibility of breaches of fiduciary duty by current and former members of the Board of Directors and the Company’s controlling stockholder in connection with his and his affiliates’ acquisition of majority control of the Company without compensating the Company’s minority stockholders and the acquisition by merger of Zoom Connectivity, Inc. in which he held a substantial equity stake. As part of the Settlement Agreement, the stockholder will release his claims relating to the subject matter of the demand and the Company will pay $225,000 for the legal expenses of the stockholder. Pursuant to the terms of the Settlement Agreement, the Company and Mr. Hitchcock agreed to comply with the following requirements until the earlier of (i) the fourth anniversary of the Settlement Date or (ii) such time as Mr. Hitchcock, Ms. Hitchcock and either of their controlled affiliates (together, the “Restricted Parties”) beneficially own less than 35.0% of the outstanding Common Stock of the Company (the “Restricted Period”):


(a) The Company shall maintain a board of directors comprised of a majority of directors who qualify as “independent” under the NASDAQ listing rules.


(b) The Restricted Parties agree not to acquire any additional shares of the Company’s stock for the first 18 months after execution of the Settlement Agreement (the “Initial 18-Month Period”); provided however that during the Initial 18-Month Period, (i) Mr. Hitchcock may receive ordinary course director compensation, including for special director roles such as chairman and head of committees (including the Company’s equity) and participate pro rata in any public equity offering conducted by the Company, and (ii) the obligations under this paragraph shall terminate on the first to occur of: (x) a tender offer is made to security holders of the Company by any person or group (other than any of the Restricted Parties) which, if successful, would result in such person or group owning or having the right to acquire securities with aggregate voting power of at least 20% of the then total voting power of the Company or debt securities constituting at least 20% of the then long-term funded indebtedness of the Company or any of its subsidiaries (without giving effect to any default on any such long-term funded indebtedness); (y) a petition of bankruptcy or for relief under any law relating to the relief of debtors, readjustment of indebtedness, reorganization, moratorium or extension shall be instituted under any law with respect to the Company; and (z) any governmental authority or any court at the instance thereof shall take possession of all or any substantial part of the property of, or a writ or order of attachment or garnishment shall be issued or made against all or any substantial part of the property of, the Company or any of its subsidiaries, and (iii) the obligations under this paragraph shall not apply in the event of a transaction approved in accordance with the following paragraph.


(c) For any proposed Rule 13E-3 transaction (i.e. a going-private transaction) that any of the Restricted Parties attempts to conduct following the Initial 18-Month Period, such transaction must be conditioned ab initio on the dual conditions described in Kahn v. M&F Worldwide Corp. (i.e., approval by an independent and disinterested special committee of the Company’s Board of Directors and a non-waivable fully-informed and uncoerced majority-of-the-minority vote of the Company’s unaffiliated stockholders).


(d) In any sale of the Company, the Restricted Parties are prohibited from seeking or obtaining consideration greater or different than the consideration provided to the Company’s other stockholders on a per-share basis; provided, however, that the foregoing shall not apply to reasonable consideration or compensation for non-competition, non-solicitation or similar covenants or for employment, consulting or similar services.


(e) Any material related-party transaction (i.e., a transaction in excess of $2 million) between the Company, on the one hand, and any of the Restricted Parties, on the other hand, must receive prior approval from a committee of disinterested and independent directors of the Company.

I didn't. OT check out MINM. I've made it my #1 stock at this price around $2.25. The past CEO and majority shareowner had a lawsuit and just settled. Huge future and other insiders buying. Just got listed on the Nasdaq.

Yes it is looking interesting. I've accumulated on the low end during the past couple of years. If it breaks $.05 anything is possible.

Nice action. 52 week high is $.05. Time to break it?

Hey man, what about it? You loading at this price? Earnings Monday morning.

The subscription money is going to flow soon.

“We’re pleased to report exceptional year-over-year growth,” said Gray Chynoweth, Chief Executive Officer of Minim. “This performance was driven by Minim’s acute focus on supply chain management and sales growth for our intelligent networking products. One of the quarter’s strongest highlights was our record sales on Amazon Prime Day, which totaled more than the last four years combined.”

“We believe the Amazon Prime Day category leader by units sold for DOCSIS 3.1 gateways was the Motorola MG8702 product,” Chynoweth continued. “This high-speed modem with a powerful AC3200 router and bundled mobile app gives homes an all-in-one package. In addition, we saw strong sales of the Motorola MH7020 expandable AC2200 Mesh System in retail. Robust sales of these software-driven, higher ASP products contributed to a 300% quarter over quarter increase in deferred revenue from software subscriptions.”

The subscription money is going to flow soon.

“We’re pleased to report exceptional year-over-year growth,” said Gray Chynoweth, Chief Executive Officer of Minim. “This performance was driven by Minim’s acute focus on supply chain management and sales growth for our intelligent networking products. One of the quarter’s strongest highlights was our record sales on Amazon Prime Day, which totaled more than the last four years combined.”

“We believe the Amazon Prime Day category leader by units sold for DOCSIS 3.1 gateways was the Motorola MG8702 product,” Chynoweth continued. “This high-speed modem with a powerful AC3200 router and bundled mobile app gives homes an all-in-one package. In addition, we saw strong sales of the Motorola MH7020 expandable AC2200 Mesh System in retail. Robust sales of these software-driven, higher ASP products contributed to a 300% quarter over quarter increase in deferred revenue from software subscriptions.”

inim Announces Strong Preliminary Second Quarter Financial Results
Minim
Mon, July 26, 2021, 4:05 PM
Launch of next-generation networking products fuels significant gross margin expansion

MANCHESTER, NH, July 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Minim, Inc. (NASDAQ: MINM), the creator of intelligent networking products under the globally-recognized Motorola brand, today announced certain preliminary financial results for the second quarter of 2021.

Preliminary Financial Highlights:

Accelerated Q2 2021 consolidated revenue growth rate of approximately 43% when compared to Q2 2020

Q2 2021 consolidated revenue of approximately $14.75 million, compared with $10.3 million in Q2 2020

Continued improvement in gross margin, with approximately 30% gross margin achieved in Q2 2021, up over 900 basis points compared to Q2 2020 gross margin

Q2 2021 consolidated net loss of approximately $1.5 million, comparable to a consolidated net loss of $1.5 million in Q2 2020

Deferred revenue in Q2 2021 increased by almost 300% quarter-over-quarter compared to Q1 2021, driven by evolving software subscription business model

“We’re pleased to report exceptional year-over-year growth,” said Gray Chynoweth, Chief Executive Officer of Minim. “This performance was driven by Minim’s acute focus on supply chain management and sales growth for our intelligent networking products. One of the quarter’s strongest highlights was our record sales on Amazon Prime Day, which totaled more than the last four years combined.”

“We believe the Amazon Prime Day category leader by units sold for DOCSIS 3.1 gateways was the Motorola MG8702 product,” Chynoweth continued. “This high-speed modem with a powerful AC3200 router and bundled mobile app gives homes an all-in-one package. In addition, we saw strong sales of the Motorola MH7020 expandable AC2200 Mesh System in retail. Robust sales of these software-driven, higher ASP products contributed to a 300% quarter over quarter increase in deferred revenue from software subscriptions.”

MANCHESTER, NH, July 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Minim, Inc. (NASDAQ: MINM) (the “Company”) today announces the launch of the Company’s proposed public offering of $25 million pursuant to a registration statement filed with the Securities and Exchange Commission (“SEC”). The Company expects to grant the underwriters a 30-day option to purchase up to an additional $3.75 million at the public offering price less the underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The Company intends to use the net proceeds it receives from the offering for general corporate and working capital purposes, which may include inventory optimization, development and marketing of new product offerings and expansion into global markets.

B. Riley Securities is acting as the sole book-running manager for the proposed offering.

MANCHESTER, NH, July 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Minim, Inc. (NASDAQ: MINM) (the “Company”) today announces the launch of the Company’s proposed public offering of $25 million pursuant to a registration statement filed with the Securities and Exchange Commission (“SEC”). The Company expects to grant the underwriters a 30-day option to purchase up to an additional $3.75 million at the public offering price less the underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The Company intends to use the net proceeds it receives from the offering for general corporate and working capital purposes, which may include inventory optimization, development and marketing of new product offerings and expansion into global markets.

B. Riley Securities is acting as the sole book-running manager for the proposed offering.

On July 23, 2021, the Board of Directors (the “Board”) of Minim, Inc. (the “Company”) approved cash bonus payments to the Company’s named executive officers for the Company’s performance in the first half of 2021 in the following amounts: Graham Chynoweth, CEO–$20,830.00; John Lauten, COO–$15,622.50; and Sean Doherty, CFO–$12,498.00.



Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.


On July 23, 2021, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment (the “Certificate of Amendment”) to its Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to increase the number of authorized shares of capital stock to 62,000,000 shares, consisting of 60,000,000 shares of Common Stock and 2,000,000 shares of Preferred Stock. The form of the Certificate of Amendment relating to the increase of authorized shares of capital stock was approved by the Company’s stockholders at the Company’s Special Meeting of Stockholders (the “Special Meeting”) held on July 22, 2021, and by the Company’s Board.



This summary is qualified in its entirety by reference to the Certificate of Amendment, a copy of which is attached hereto as Exhibit 3.1 and is incorporated herein by reference.



Item 5.07 Submission of Matters to a Vote of Security Holders.


On July 22, 2021, the Company held the Special Meeting. At the Special Meeting, the Company’s stockholders voted on the following proposal:



(i) an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of capital stock to 62,000,000 shares, consisting of 60,000,000 shares of Common Stock and 2,000,000 shares of Preferred Stock.


The voting results are reported below:



Proposal 1 – Amendment to the Company’s Amended and Restated Certificate of Incorporation



The amendment to our Amended and Restated Certificate of Incorporation was approved based upon the following votes:



Votes For Votes Against Votes Abstained Broker Non-Votes
27,526,395 567,488 11,820 0

I've rarely seen these things work, but if you have enough shares worth a shot. Seems besides me, you and a couple others, not much interest on the boards for this stock.

I did pick up a few cheapies, as I was the only bidder for months. That's changed now. Still have a big paper loss. The last time I was only bidder for pennies on a stock was ZMTP. Out of the blue they won contract with motorola. Now bought out by MINM and just listed on Nasdaq at $4. That one stock changed my life. The past year Spac warrants did the same. The negative...almost all short term capital gains.

It does seem like every shell has some value now. I wonder where the Aura units are and if they still work? I had hope for their devices as skin cancer is ramping. I think you're right though, the shell will be used for new business. And I saw Thomas doesn't have himself listed as their CEO on linkedin currently....."Dates Employed Mar 2006 – Dec 2019."

Thanks for trying to do a little DD. Thomas just left us hanging.
I still have 700K shares and adding on the bid in case of a buy out. Will write off by year end if no reverse merger. I've had the best year every...so can use the loss to offset some of my gains. I just wonder who owns the other 91 million?
"Thomas Braun (He/Him)
Lawyer at Braun & Company
CEO, President, Director
Company NameVerisante Technology, Inc.
Dates EmployedMar 2006 – Dec 2019
Employment Duration13 yrs 10 mos
LocationVancouver, Canada
Verisante Technology, Inc. was focused on early cancer detection using optical technology developed by the BC Cancer Agency. The Verisante Aura device is part of the permanent collection of the Canadian Museum of Science and Technology and won numerous awards for design and innovation. Mr. Braun holds two US patents in infra-red spectroscopy which he donated to a public research institute."

I had a simular stock I was in HOMS Timios National Corp, that was dark for several years. One day they had an offer to take them private, for 400% premium. I'm thinking one day a company will use Verisante shell to become public. Until that day we just wait or sell.

I'll let the market work out the price. Just hoping for news this year.

Nice...."Minim Awarded First of Two Patents Fundamental to Intelligent WiFi"

Nothing has changed on my end. Hoping to finally get some extra buying power with the Minum Nasdaq uplisting.

I said 1000% not 1000X.:) Waiting for it to make a new yearly high.

"Cyber gangs demand $70m in Bitcoin to unfreeze computers as former government officials tell CBSNews
the breach targeted widely used software + then took data hostage, calling it “2 worst case scenarios coming together."

At this point not much volume, but it does seem basically no sellers.

I've been buying on the bid too. The days it wants to dip, which is rare. If buying demand increases from here...price can pop 1000%.

Good article. Yes, their products are becoming best in class. Also, uplisting to Nasdaq is a game changer. Many instituions won't invest in OTC. This will make Minum more legit. Also adds extra buying power to my account.

Let's get the price back to $5. Expecting more news on Nasdaq uplisting any week now.

No action from Verisante, but check out post Spac $OUST. Lidar leader and growing like a weed.

Maybe I need to rethink.:) I made most of my SPAC money, after the SPAC announced a private company they were merging with. I even held most thru merger unless the price ran too much. Crazy runs July thru Feb. SPACs are in Winter right now, but some good bets on them at these prices, especially those merging with good private companies.

As far as why Verisante is catching a bid again, I just don’t know. Like I said, I had two more penny stocks that were dead for years, that ran up over the past year, enough to give me multi bagger gains, from what were large losses. Maybe it’s just VRSEF’s turn? Or, like you said MM playing games, but doesn’t seem likely. Will be closely watching this week.

No way possible for Verisante to merge as a Spac, as they have no current business. There is a chance they merge with a private company for their clean public shell or be taken private for potential future business. Any news from their management would send price higher.