RE:RE:RE:Currency loss Q2ICT1111 wrote: Surely this correction is top urgent as investment decisions may have been made on the basis of the incorrect numbers leaving us exposed to law suits?
Hello ITC1111,
That was the main point of my communication to the ILD and Verde's CEO - if this is a mistake (and I have no doubt that it is) - the longer it goes unacknowledged and uncorrected the more risk and liability is accruing against our Company from investors who relied on the $3.5 million mis-stated earnings numbers. Given they were informed of the error on Monday afternoon and could have addressed the problem before the markets opened on Tuesday, this increased and increasing risk exposure and potential devaluation of Verde is totally unnecessary and was completely avoidable.
I have been expecting a TSX trading halt announcement at any moment if this news comes out during the trading day today. Perhaps they are waiting until after the market closes in 4 hours to make the correction without forcing an embarrassing cease trading order?