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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

Post by 15Stanmoreon Nov 05, 2021 5:44pm
364 Views
Post# 34094436

Verde AgriTech Files Amended Interim Financial Statements an

Verde AgriTech Files Amended Interim Financial Statements anHello fellow Verde shareholders.

If you follow my posts and my bothersome "auditor like" questions at the quarterly Q&A sessions you will know I have been seeking answers from the Board and the CEO about the accounting treatment of the stock options and other non cash transactions.

Here we are in November, finally coming clean with the corrections required.

And they are ugly.

What else can CV screw up before the Board finally accepts that he is not qualified to be running the Company at its present point of growth and development. He needs to retire to the Board Chair position which his 20% holding has allowed him to claim, but turn the day to day management to someone who has the necessary qualifications, leadership abilities, proven track record and past relevant experience.

In my opinion, Shareholders deserve nothing less.

Not the news I wanted to read after the markets closed today.

S.


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