Wednesday, October 31, 2012

Headed for Recovery



Finally, there is hope for the future of Versatile Systems Inc. (VV). I've been invested with Versatile Systems for the past decade. I've held on for the ride, buying in at around $2.89 cents a share.

Since then, I've watched my stock in Versatile Systems plummet. I held 1000 shares at the time and paid over $2 890 plus commission. I decided to hold on, because it wasn't worth selling out.

Since it was still a good company, I held on hope for a recovery. Most people would of given up, but I didn't. Its a good thing it was just profit I reinvested in the market, and not money I put in.

Lately, it started showing promise and hope for the future. Its currently trading at 3 cents a share. Volumes started averaging around 20 000, daily.

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I knew something was up, after poking around, I found out Bertrand des Pallieres Appointed Chairman of Versatile just increased his holdings in the company to 20.4%. Wow!

This is amazing. That partially explained why there was a renewed interested in the company. At that point I felt that I needed to do something.

The next morning I increased my holdings to 4000 shares. I bought an additional 3000 shares @ 3 cents a share. I never thought I would invest more money into a company I already hold, but you never give up on your opportunity's.

If a director feels strongly enough to increase there holdings, something has to be up. After some more research I found an interesting video on you-tube.

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Decide for yourself. If you have some money saved up, and you can buy 10 000 shares, do it now. Don't delay. 



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