Verde Agritech Ltd T.NPK

Court case

[PedroPistacio]

It seems like the market is indeed getting worried about something to do with Verde. Can anyone shed anymore light on this legal issue/dispute/court case?

[Celt1967]

On 11,000 shares traded, is this a true reflection of the Market and the 600,000 shares traded weekending 10th October? Surely not, isn't this the Verde Roller-coaster we have come to love..... Or hate?

[15Stanmore]

Thanks to Janota for further research on the court case: its "value" is listed as R$10,000, so under $3,000 Cdn dollars, so nothing material as far as the court documents show. The last two days of trading around the $1.30 range has been at relatively low volume, so likely not indicative of any significant underlying issue. We will be looking for confirmation in the Q3 numbers due to

[Ciao]

The low volume is somewhat meaningless to interpet and hard to correlate to a nuisance court case. The overall picture is more of a concern; cost of sales (CIF), receiveables (with  severe drought will farmers have cash flow to pay for their purchases), and the cavalier attitude of the CEO to shareholders. The former 2 factors will hit the bottom line hard regardless of sales (which will

[PedroPistacio]

Thank you for your various opinions, which all make sense.