Verde Agritech Ltd T.NPK

Verde Posts 65 vacant positions on its website

[15Stanmore]

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

[Celt1967]

This looks like a growing business to me.

[15Stanmore]

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

[Benedictus]

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

[15Stanmore]

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.