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Verde AgriTech Ltd. T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Bullboard Posts
Comment by topdopon Dec 11, 2017 11:01am
165 Views
Post# 27130254

RE:Insiders trading

RE:Insiders trading #Maxime94 Thanks for the useful information. To see the CEO & Board members buying in the market is very encouraging... however, look VERY CLOSELY at these numbers: 10; 42, 21, 22, 62 & 27. Why? Something is not right here. The 10 is the 10th November. It is the date the CEO bought himself 500k shares in the market at a very depressed 42c - the second of the numbers above. The 21 is the 21st November, the date when the CEO had to respond to observation of unusual Canadian trading activity stating: "At the request of Market Surveillance, Verde Agritech PLC has informed that it will be announcing the results of a prefeasibility study within the same time frame (fourth quarter of 2017) it had stated on a press release issued on May 23, 2017, and on the management discussion and analysis filed on Nov. 10, 2017." The next number is the 22 and it is the 22nd November, exactly one day after NPK had to respond to Canadian Market Surveillance and the other Board members buy (smallish) positions in the market at the next number, that being 62 as in 62c. The last number I quote above is 27 as in 27th November and the day NPK announces its much anticipated PFS. Three final numbers 63 and 126 107: 63 is 63c, the closed price of NPK directly befkre this important Press Release. 126 is the share price that NPK trades at for a High of that day $1.26 - virtually a double in a day and the last number is the Closed price after that day's trade: $1.07 ***** I trust anyone bar a pre-schooler can see what's clearly not right here: why were the Board & Executive Management not in a Blackout Period ahead of the PFS Press Release? Simple question. Furthermore, it can likely be proven as fact that they were (all) clearly sitting on advance knowledge of an IMMINENT AND MATERIAL EVENT of a particularly sensitive nature and at a time where the Company's most recent Equity Financing had already lost half its Book value. The CEO and certain of the BoD members would have been circulating their Black-Lined draft Press Release maybe for weeks in advance of its release on 27th November and NONE OF THEM SHOULD BE SHOWING UP ON THE REGISTER LIKE THIS HAVING PARTICIPATED IN TRADING ACTIVITIES. Anyone care to Copy & Paste the above to Canadian Market Regulation, to the OSC and to the TSX; go ahead be my guest. I'm a long standing shareholder and I want the best outcome for Verde. But the above individual actions leave a certain distaste such that I feel I've just been taken to the cleaners (again). These are my views only. Thanks for reading.
Bullboard Posts