robinandthe7hoods
1 day ago
For everyone questioning the integrity of the company,just look at the lineup working for them in management alone,and the re-upping if Karl Friston to know there should be no questioning of that.
It should be clear that the final decision of the IEEE to validate the standards of the Spatial Web is what everyone is waiting for.
They expected this to be done months ago,but as in all things bureaucratic,it was delayed.
No one has jumped ship,no one is ripping the company on the way out,Friston hasn't walked away.
In fact,the team has been strengthened as it prepares for what's coming.
Experts working for the legacy Web 2.0 industry agree that LLMs are not the answer to AGI,that they have problems,and there needs to be something different to reach AGI.
Verses hasn't released ANY of the news they insinuated would be coming since the end of last year.
26 Atari game results,contracts from the beta companies,uplist,etc...
All of these people in management own shares in this company as well,and they are all down significantly,just as everyone else is.
Everyone is waiting on the IEEE.The final decision APPEARS to be May 7.
One and a half weeks.If all goes well,there should be a PR by end of day May 7 or start of trading May 08.
This company has not gone unnoticed.An entirely new Web 3.0 could substantially change the world like never before,and safety plays a big part in this decision,that has been the hold up.
Once in place,incredible things can begin to take place that the past has never seen.
The stock price could explode on day 1...
robinandthe7hoods
1 month ago
It's all going to come down to whether they have the news to drive this through to the next level and go beyond that,or not.
So far,they are still in beta.
So far,they have no sales.
So far,there is no IEEE standards for Web 3.0.
So far,there hasn't been any more Atari results.
So far,there are no contracts.
So far,there are no people signing up for Genius.
robinandthe7hoods
1 month ago
It's all going to come down to whether they have the news to drive this through to the next level and go beyond that,or not.
So far,they are still in beta.
So far,they have no sales.
So far,there is no IEEE standards for Web 3.0.
So far,there hasn't been any more Atari results.
So far,there are no contracts.
So far,there are no people signing up for Genius.
crazyflavor
1 month ago
And just like expected a reverse split:
VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ("VERSES'' or the "Company”) a cognitive computing company specializing in next-generation intelligent software systems, is pleased to announce the consolidation of its Class A Subordinated Voting Shares in connection with an application to uplist such shares on the Nasdaq Capital Market (“Nasdaq”).
As part of the planned uplisting, the Company is consolidating all issued and outstanding Class A Subordinate Voting Shares (“Subordinated Voting Shares”) on the basis of one (1) post-consolidated Subordinated Voting Share for every nine (9) pre-consolidated Subordinated Voting Share held (the “Consolidation”).
“The consolidation is one of many initiatives that the Company is implementing in preparation for our intended uplisting to Nasdaq, which we believe is the next logical step in the Company’s growth journey,” stated Gabriel René, Founder and Chief Executive Officer of Verses. “We believe a listing on the Nasdaq, a major global exchange, aligns with the strategy and vision for the Company and will enhance our visibility, provide access to a larger pool of capital, attract a more diverse group of global shareholders and improve overall liquidity.”
The Consolidation is intended to increase the quoted per share price of the Company's Subordinate Voting Shares to satisfy Nasdaq’s initial listing requirement and to align the Company with trading fundamentals of its peers, improve liquidity and attract greater investment participation from a more diverse and larger set of investors.
The Company's board of directors approved the Consolidation on March 3, 2025, and have set March 27, 2025 as the record date of the Consolidation. Trading of the Subordinate Voting Shares on a post-Consolidation basis on Cboe Canada Inc. (“Cboe”) is expected to commence on or about March 27, 2025. The new CUSIP number for the Subordinate Voting Shares will be 92539Q406 and the new ISIN number will be CA92539Q4060. The Company's name and stock symbol will remain unchanged following the Consolidation.
As of the date hereof, the Company currently has 211,290,407 Subordinate Voting Shares issued and outstanding. The Consolidation will reduce the number of outstanding Subordinate Voting Shares to approximately 23,476,711 Subordinate Voting Shares issued and outstanding.
robinandthe7hoods
1 month ago
9/1 split puts this at almost $10/share,which is SPAC territory.
My guess is they'll announce the SPAC partner in the next couple of days.
They must have everything lined up to make this move,because without big news to prop up a SPAC,they can drop pretty quick.
The shortsellers will be looking at this and licking their lips if Verses isn't ready with big announcements.
So IEEE,contracts,Atari results,and big investment have to all be ready.
With what will take place with a new Web 3.0 and Genius being the operating system for it,there should be PR after PR,month in and month out,possibly multiple weekly announcements.
Think what took place with DOS,Windows,IOS and project that for Genius.
robinandthe7hoods
1 month ago
If Genius really does what Verses says,and the Atari tests seem to show it plainly,then it can 'learn,reason,and plan'.
Every software company selling a product has to have their product updated continuously,and build new versions continuously because it just runs the same parameters over and over.
Genius would be upgrading itself within the systems it would be attached to.
Once Genius is released to ALL companies,it might become the go-to software for every company just because it'll be upgrading the entire system at all times.
No one else has a capability like this.
The initial contracts will let us know what the clients think of Genius.
robinandthe7hoods
1 month ago
The PR on Friday of a commercial partnership with AI Driller might seem to be a minor move,but it gets Genius out into another business sector,and if anything comes of it eventually,they will share profits with AI Driller...Win-win for both.
No loss for either one.
If they have agreed to this deal,then Genius is ready and they just have to choose the official date of release to the public.
This coming week should see contracts announced,as the CEO stated the end of Q1 would see contracts.Last week of Q1 is next week with general release right after that.
robinandthe7hoods
1 month ago
Gabriel Rene has stated that Verses would be signing contracts at the end of Q1.
That means next week we should be seeing news on that.
He has also stated that more than half the beta partners would be signing up for contracts
If that is so,then the decision is Verses' when that begins.And they wouldn't have stated any of this if the customers weren't ready.
He also stated that they would be releasing Genius in April,so unless they don't have customer support in place yet,then the first week of April should see that take place.
Why would they delay if they don't have to?
There shouldn't be any money raise taking place until they get that news out and drive the stock price up.
And after attending the Roth Conference,they probably have the investors in place for the next raise,after that news is out and proof of future revenues is in place.