Verde Agritech Ltd T.NPK

pullback

[Ciao]

Interesting 20% pullback from recent highs on the "eve" of year end results. A little more than I had expected, but then for a thinly traded stock, not unusual.

[15Stanmore]

Hello Ciao, It must have been my appeal on this bullboard to defend my predictive abilities around the $2 stock price by December 31, 2021. Please note for the record that the NPK price teased into the $1.90's, but did not in fact trade at $2.00. That leaves my "$2 by December 31, 2021" as a still valid prediction and one I am happy to continue to propound, my prior positive

[Ciao]

Hi Stan, The share price runup was too fast for me to add more at a personal "favorable price" but the pull back over the past few days has allowed me to. Just 2 questions for you to add to your list that has been mentioned before; 1) difference in price / ton shown in income statement vs. selling price we see listed on the website 2) how often do they re-price their product to

[PedroPistacio]

Yes, quite a big pull back but not on massive volume as far as I can tell. And as you say, not surprising following such a strong rally. Not sure who would be aggressively selling with so much potentially to come but presumably either a forced seller needing cash now for something, or a short term trader who's made a nice turn recently. Not an issue in my mind either way. 

[15Stanmore]

Hello Pedro, We hit 1.97 early afternoon on Thursday last week (March 18). If you add up all the trades between the opening on the 18th through to the close today on the 24th you get the following numbers: Total shares traded:   857,595 Weighted average share price:    $1.825 Number of transactions:       971 Average size of transaction:   

[BCdude]

Pretty much my entire smallcap portfolio was significantly down today. Some days are like that. Personally, I don't care about the volatility because I know what I own in Verde, as well as my other positions. Of interest, unlike most large cap stocks, the smallcap universe seems to delay releasing year-end results by 6-8 weeks. Much of the recent pressure is simply because many of these

[Ciao]

Keep in mind that if it's a micro to small cap stock and it's likely listed on TSXV, then they have 4 months from fiscal year end to release results (NPK is listed on the senior exchange so they need to have results out in 3 months).

[BCdude]

Yes, the smaller exchanges offer more leeway. Many small and microcaps don't have the resources that large caps do, so it's reasonable they should be given more time.