OTC Shark
7 years ago
$VRSYF - 47.8 million o/s par value .10, float 14 million...
Just brought all filings current, did r/m with Argus http://www.otcmarkets.com/stock/ARGW/profile
Is a 20 year old company w/ no r/s history,
http://www.otcmarkets.com/stock/VRSYF/profile
http://vmsrehabsystemsinc.com/
http://www.otcmarkets.com/financialReportViewer?symbol=VRSYF&id=184238
Quote:
On March 29, 2017, the company signed an Agreement with Argus Worldwide Corp to transfer the VMS holding in BioPharmcor BV, a developer of Generic medicines, to Argus Worldwide. In addition, during the quarter, the Company launched an initiative in Poland to manufacture and market initially in Europe, a line of โquality of life productsโ including a high quality wedge orthopedic seat cushion under the companyโs new proprietary brand name OrthoCush โข label. It is anticipated that VMS will commence selling in Europe its OrthoCush โข line of orthopedic seat cushions on or about Jan 1, 2018. At the same time, VMS will launch a new E-commerce platform through which its OrthoCushโข brand of โquality of lifeโ products will be offered. VMS Rehab Systems, Inc is currently a core vendor in Canada of a line of 3rd party manufactured orthopedic seat cushions.
http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=27822
Quote:
Under the terms of the new agreement signed on March 29th, 2017, VMS has agreed to transfer to Argus a control block of 17,005,000 Class A ordinary voting shares and 55,000 Class B multiple voting shares of Dutch based generic drug developer BioPharmcor BV. At the same time, Argus has transferred to VMS a block of Argus Class A voting shares and share options and returned to VMSโ Treasury a block of 120,000,000 Class A VMS shares that would have given Argus control over the 20 year old health products company.
In addition, Argus has agreed to enter into a 3 year funding agreement with VMS Rehab Systems Inc. to invest up to US $1.5 million to assist the company in building out its new E-Commerce platform for quality of life healthcare products and other internet based health services.