Verde Agritech Ltd T.NPK

Wow

[Storage1]

This one hurts...not much else to say....only question now is how low will it go over the coming weeks.... guess the Lamborghini will have to wait for now...looking to add in slowly on the sell off... long term is still intact I think but this is a public relations nightmare

[Moonshot13]

Nightmare scenario. Water is a road killer, especially in a banana republic.Will take a long time and a nice capital raise to drop this to $4. 

[Bookworm28]

That's an understatement. Rainy season starts in November, election in October with ultra right and left Dunkin' it out, U.S. dollar on a tear, with CPI number coming out Tues, with FOMC 2day meeting a week later (more interest rate hikes in store), financial hit from road work and non delivery penalties... whew, turbulent weeks ahead. Could be a buying opportunity. GLTA.

[PedroPistacio]

Bit confused. When the announcement came out at the end of August that Plant 2 had been commissioned, I am pretty sure  profit guidance was maintained, wasn't it? Only nine days later, profit guidance for this year was reduced from 87 cents back down to 50 cents, a drop of 42.5%. That seems odd. In any event, didn't the statement says the issue should be fixed between 4-8 weeks? A big

[Benedictus]

  Pedro, this groundwater issue means only plant 1 is operational for Q3 and possibly the first month of Q4. This timing could not be worse as it is literally the annual peak demand window, so the guidance revision is to e expected. The company  needs to rebuild credibility with farmers who will not get their supply, which likely means considerable discounts to retain those unhappy

[GeneralAladeen]

I'm sure Verde knows how vital to farmers this quarter product means to them. He said Q4 it'd be resolved. That could be 2.5 weeks to 3.5 months. Let's hope it's the former. For a company that has done just about everything perfectly, this is definitely an outlier. Let's hope it all gets resolved soon and it's ends up being a nothing burger. If so, this stock is VERY cheap.