Verde Agritech Ltd T.NPK

Alternate Symbol(s): VNPKF

Chemicals Basic Materials

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.

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Verde Agritech Ltd > SEDI reports Verde Stock Option Transactions

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Comment by flashcashon Mar 13, 2021 2:42am

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Post# 32791981

RE:SEDI reports Verde Stock Option Transactions

15Stanmore wrote: Hello fellow Verde shareholders.

I was checking SEDI today for the reporting of any insider warrants being exercised and was frankly stunned to see the latest stock transactions reported, as follows:

Firstly for CFO Felipe Paolucci:

62,155 shares compensation for services valued at $1.22 per share $75,829
100,000 shares compensation for services valued at $1.22 per share $122,000

For a total of $197,829 Cdn

Secondly for CEO Veloso:

399,000 shares compensation for services valued at $1.22 per share $486,780 Cdn

750,000 stock options with a strike price of $1.22 good until March 5, 2031

And yes, I did find the warrant transaction I was originally seeking, 456,208 warrants exercised at $1 per share to acquire the same number of common shares.

This now positions Mr. Veloso as the single largest shareholder of Verde with 9,451,547 common shares (19.1% of the issued and outstanding), as well as positioning him to acquire a further 1,992,308 shares (a further 3.9%) with stock options which remain exerciseable until 2028 at the earliest and now March 2031 at the latest.

Perhaps I had misunderstood the assurances that Verde had turned the cash flow corner and would no longer be using significantly undervalued treasury shares to settle up the Canadian dollar cash compensation arising from employment contract with management or director fees for Board members. While I realize the motion passed at the 2020 annual meeting permitted such payment substitutes through to July 2021, I had concluded that this option was not necessary and would not be exercised in 2021. Clearly my ill informed mistake.

So the issued and outstanding share count just got bumped up by 561,155 shares in lieu of compensation (62,155 + 100,000 + 399,000) and the first announcement of warrent exercise (456,208 shares) for a total of 1,017,363 shares issued. This added to the 48,444,802 makes a new total of 49,462,165 issued and outstanding, with almost another million to come if all warrant holders exercised their $1 March 12 2021 purchase option.

And another 1,992,308 shares for Mr. Veloso in the coming 10 years.

For a Company committed vocally and in writing to no further dilution of its existing shareholders, the actions reported today will leave those existing shareholders wondering about this and other strongly expressed corporate commitments made in the recent past.

Cheers,

S.