VSI.V - Vendtek Systems Inc

[Jack_Aster]

VSI.V - Vendtek Systems
Most recent financial results, including up to date news releases. This is a restructured tech company with an established clientele basis around the world for prepaid cards, pos systems and other devices. The stock has been rolled back and injected with over $2 million cash from only a couple sources over the last 9 months.

Price: $0.04
Common Shares: 7,264,583 (Now at 16,743,151 after recent placements)
Insider/Institutional Holdings: 80% as per Sedi

Funds Raised in 2015:

1) $150,000 Placement to F3 Capital at 10.5c a share (January 2015)
2) $350,000 Debenture to F3 Capital at 1% interest and 50c exercise price(February 2015)
3) $663,499 Placement at 7c. Mostly F3 Capital, Flipe Ayres and Logistics(June 2015)
4) $1,000,000 Debenture from F3 Capital at 12% interest and 10.5c exercise price(Sept 2015)

Company Websites: and

Quarterly Results, ending April 30th 2015(most recent).

ASSETS
Cash: $117,923 (Now at $1,781,422 after last two placements)
Accounts Receivables: $73,640
Prepaid Expenses: $83,662
Property & Equipment: $71,624
Intangible Assets: $51,124

LIABILITIES
Payables: $1,996,797
Finance Lease: $17,393
Convertible Debenture(Short term): $860,000
Short Term Loan: $790,287
Capital Lease Obligations: $29,720
Long Term Debenture: $861,506

MD&A Highlights

Our principal product is our proprietary eFresh