VMS Rehab Systems, Inc., (OTCMKTS:VRSYF) is headquartered in Ottawa, Canada and maintains affiliate offices in Amsterdam, The Netherlands and Warsaw, Poland. VRSYF is a provider of quality of life products for the home health sector and developer of generic pharmaceuticals to advance Men’s Health. For the uninitiated, the shares of VMS Rehab Systems, Inc. are listed on the US OTC Pink Current Market (OTCMKTS:VRSYF). Looks like VRSYF is getting promoted again and apparently there may be more bag holders in the making. The logic is simple and the below chart will help you understand the reasoning.
The first promotion wave hit the market on May 25th this year. The result was a staggering rise in volume with more than 100.5K shares exchanging hands. It’s important to note that VRSYF opened at $2.01 and hit a high of $2.09 which implies that there were no appreciable gains to be made. Ever since then, the trading volume has literally dried up and the stock price has dropped to 90 cents. So, does that means people who brought VRSYF in the range of $2.09 to $ 1.50 (day low) are either holding the stock as bag holders or sold it for a loss ? Definitely some food for thought if you decide to trade VRSYF. Here is the daily volume table for VRSYF http://www.nasdaq.com/symbol/vrsyf/historical.
Lets take a look at some of the latest development from the company. On July 6th, VMS Rehab Systems, Inc. offered guidance on BioPharmcor generic drug unit. According to the release VRSYF intends to spend around $2.2M per year on drug formulation and product development through 2022. The revenue payoff is projected at $38M in aggregate through 2022.
In addition, BioPharmcor BV (www.biopharmcor.com) has recently launched a Private Placement of its voting A shares in Central Europe to be followed by a placement of SME Bonds on or before the 4th quarter 2016. It is intended that the Bonds will be floated on the Alternext Brussels Exchange. As per the press release, the company will be addressing European investors at a series of investor meetings to be held throughout the summer and fall, beginning with a meeting scheduled for Monday, July 11th in Warsaw, Poland.
It would be interesting to see if the company comes up with another press release right in time to bolster this investor’s awareness program. We will be updating our subscribers as soon as we know more. For the latest updates on VRSYF, sign up for our newsletter.
Disclosure: We have no position in VRSYF and have not been compensated for this report.
