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.
Recent VS News
- Versus Systems to Participate in the 36th Annual ROTH Conference • GlobeNewswire Inc. • 03/14/2024 08:05:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 09:15:32 PM
- Form S-4 - Registration of securities, business combinations • Edgar (US Regulatory) • 02/16/2024 10:32:54 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:15:25 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 09:04:05 PM
- Versus Systems Regains Compliance with Nasdaq Minimum Bid Price Requirement • GlobeNewswire Inc. • 01/18/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 09:05:43 PM
- Versus Systems Announces Annual General Meeting Results • GlobeNewswire Inc. • 01/03/2024 09:05:00 PM
- Versus Systems Announces 1-For-16 Reverse Stock Split to Aid Compliance with Nasdaq Listing Requirements • GlobeNewswire Inc. • 12/22/2023 09:05:00 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 12/07/2023 08:48:31 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/06/2023 10:19:22 PM
- Versus Systems Announces Strategic Investment from Cronus Equity Capital Group, LLC • GlobeNewswire Inc. • 11/24/2023 01:30:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 10/20/2023 08:58:38 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/17/2023 09:20:36 PM
- Form 424B4 - Prospectus [Rule 424(b)(4)] • Edgar (US Regulatory) • 10/16/2023 09:14:05 PM
- Versus Systems Inc. Announces Pricing of $3.0 Million Public Offering • GlobeNewswire Inc. • 10/13/2023 03:55:30 PM
- Form F-1/A - Registration statement for certain foreign private issuers: [Amend] • Edgar (US Regulatory) • 10/12/2023 06:52:34 PM
- Form F-3/A - Registration statement by foreign private issuers: [Amend] • Edgar (US Regulatory) • 09/22/2023 08:00:51 PM
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