Verde Common shares trade down to $0.98One day after Verde's CEO Corporate Presentation (now available on Youtube here
Corporate Presentation | Verde AgriTech - YouTube) the price of Verde's common shares fell below $1 for the first time since January.
It would appear that whatever the market was expecting from this presentation, the share price assessment in the market today gives it a failing grade.
We will now have to wait for actions (tangible financial results transparently reported in the quarterly and annual statements) rather than the CEOs words and predictions, to unlock and support real shareholder value as demonstrated by a strong and rising share price on the TSX.
How low can it go? Having broken $1, I am not confident as to where the next support level will come, again until the financial statements demonstrate a higher share price is warranted.
Very, very sad - I for one had hoped to see a more impressive performance.
And the AGM is now less than 2 weeks away. Based on Mr. Veloso's response to the question, as of yesterday he had no idea of who the required 2 members to provide a Quorum will be at the "Closed" AGM meeting on June 30 in Belo Horizonte.
Really?
Only 2 people are allowed to attend and participate, one who will be the Chair of the meeting and the only person, other than quorum member 2, allowed to vote at the meeting for himself and on behalf of Verde shareholders who appointed the Chair as their proxy. In Belo Horizonte. Anyone want to guess who the meeting Chair is going to be?
S.