Verisante Technology Inc (VRS.H)

[icarus6700]

They just sold 9 units. We don't know the price, which suggests that it was less than $60,000 a unit, but we will know soon, when the appropriate quarterly filing comes out. Why wouldn't they simply pay BCCA out of proceeds from their first sale?

Warrants is another possible revenue stream.

Start-ups are always a risky investment. I'm assuming most investors here know the risks and are willing to live with them.

For now, Verisante seems to be moving ahead with the correct blend of caution and self-promotion. You need both.

The technology is obviously a game-changer. Some awards are more prestigious than others, but they just keep coming in, one after the other.