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Bullboard - Stock Discussion Forum 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... see more

TSX:NPK - Post Discussion

Verde AgriTech Ltd. > Verde Posts 65 vacant positions on its website
View:
Post by 15Stanmore on Jun 14, 2021 4:11pm

Verde Posts 65 vacant positions on its website

Hello fellow Verde shareholders,

Only 16 days to the Verde AGM on June 30 - are you ready to vote?

If you look on the Verde.ag website today you will see the following 56 positions listed as being vacant and looking for applicants (1 VP, 5 managers, 27 employees at various grades and 23 interns (I assume unpaid). That's quite an expansion over the 92 employees at December 31, 2020. How much wil these positions add to the fixed costs of the Company going forward?

Position Title Job Type
Vice President of Strategic Sales (VP Sales) Vice President
Commercial Manager Manager
CRM Manager Manager
Customer Success Manager Manager
Partner Success Manager Manager
Prospecting Manager - Sales Development Rep Manager
Administrative Assistant Employee
Agonomic Research Analyst Employee
Agonomic Research Interhship Employee
Agricultural Regulatory Assistant Employee
Customer Success Analyst Employee
Developer Salesforce Senior Employee
Engineering and Projects Assistant Employee
ERP Administrator Employee
Executive Secretary Employee
Financial Co-ordinator Employee
Forestry Technician Employee
Forklift Operator Employee
General Assistant Employee
Industrial Maintenance Mechanic Employee
Laboratory Assistant Employee
Mason Employee
Mobile Machine Operator Employee
Partner Success Analyst Employee
Prospecting Analyst - Sales Development Rep Employee
Quality Management Assistant Employee
Salesforce Developer Employee
Senior Training and Development Analyst Employee
Technical Industrial Electrician Employee
Technical Sales Representative Employee
Turn Leader Employee
Vendor Employee
Work Safety Technician Employee
Copy Intern Intern
Customer Success Intern Intern
Design Intern Intern
English Writing Analyst Intern
Environmental Projects Internship Intern
Finance Trainee Intern
Geology and Projects Intern Intern
Law Internship Intern
Logistics Internship Intern
Marketing Intern Intern
Media Performance Intern Intern
Media Relations Intern Intern
Mining Engineering Intern Intern
People and Management Internship Intern
Performance and SEO Analyst Intern
Planning Internship Intern
Prospecting Intern - Sales Development Rep Intern
Sales Internship Intern
Salesforce Aministration Intern Intern
Social Media Intern Intern
Trade Marketing Intern Intern
Video Production Intern Intern
Writing Intern Intern
Comment by Celt1967 on Jun 14, 2021 4:29pm
This looks like a growing business to me.
Comment by 15Stanmore on Jun 14, 2021 9:50pm
Hello Celt1967, Agreed. Looks like enough staff for a Company mining, processing and selling 2.5 million tonnes a year, with profits left over to share with the Company owners through a modest dividend. Perhaps they could add a Shareholder Success Manager to work alongside the Customer Success Manager and the Partner Success Manager? Just saying. Cheers, S
Comment by Benedictus on Jun 14, 2021 10:55pm
Based on the stated guidance for 2021 I would agree that this looks like overzealous hiring. Fixed costs were already creeping up in the last quarter. It would be less concerning  if sales growth was projected to double this year and max out current  production capacity but without such guidance this almost appears to be a cart before the horse situation. But it's always easy to ...more  
Comment by 15Stanmore on Jun 15, 2021 3:53am
We are fortunate to have the opportunity to ask about the CEOs reasoning behind the hiring strategy, inherent in the posting of 56 new positions at this time, at the Q&A session scheduled for Wednesday June 16. If not addressed then, the AGM on June 30 2021 is now only 15 days away, so we would have another opportunity in 2 weeks time. Cheers, S.
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