View Systems, Inc., (PINK:VSYM) Closed Up 83.33%
Today, As Anticipation Grows Over Planned Merger
With Colombian Cannabis Company, "Sannabis."
View Systems, Inc., (PINK:VSYM) became the most significant gainer on the OTC Market today, with close up 83.33%. VSYM was not a prior alert of ours but we became interested in the company after seeing its sudden growth today and decided to look more deeply into why today's impressive action occurred.
The gain on VSYM today was aided by growing anticipation among investors for the potential close of the companies planned merger with “Sannabis,” which is a Colombian Cannabis company. As per a form 10-Q filed for the quarterly period ended on September 30th 2019, View Systems stated that this merger is expected to be completed in the first quarter of 2020. The news of this merger had been previously unknown to many traders that were actively eying the company and that fact means that there could be further anticipatory momentum to come which could potentially cause significant price appreciation when you consider that even with the gain seen today the company still has a market cap of less than $500,000.
While VSYM was not a prior release of ours we have seen significant growth on many cannabis related penny stocks in the past. You can check out our curated list of other cannabis penny stocks, to get an idea of various other stocks that have the potential to see swift growth like VSYM saw today.
Turning back to VSYM, as per the companies profile on OTC Markets, View Systems Inc. provides security and surveillance products to law enforcement facilities, government agencies, schools, courthouses, event and sports venues, the military and commercial businesses. View Systems' products are used by commercial businesses and residential consumers wishing to monitor their assets and limit their liability.
View Systems is pushing to complete its merger with Sannabis to move into the Cannabis industry and will also allow for the company to spread its ViewScan Weapons Detection System into Colombia for the local and international market.
With the recognition that VSYM aims to complete its merger with Sannabis within the first quarter of this year, we suggest that all traders keep a close eye on it for potential for a continued anticipation run and of course the possibility that the merger may truly be completed. If the merger is completed, it would likely see strong growth in price per share, if the terms of the deal are non-dilutive.
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