Versus Technology is a co. that manufactures locating devices using the infrared light spectrum. Acute care hospitals are their major market. After several years of development it is beginning to see some sales success and has attracted the attention of two buyers, who are very big players in the medical field. Although the offer prices have not been disclosed, they are reportedly in the $1.50 range. The CEO "Gary Gaisser" who owns 1.7m shares was instrumental in the rejection of these offers. He must believe that the rewards of continued ownership will provide a much better payout than selling now. The company is presently exploring ways to leverage the interest shown in it, to allow for a greater increase in production and sales, than would be achieved by internal growth.
Information is available at:
versustech.com
They also file with the SEC.
Sincerely,
Al Cern |
