Comment by screamer99on Jul 22, 2024 5:20pm

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Post# 36143327
RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - HOLD
RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - HOLDThe number of new and settled claims (along with their costs) is what you need each quarter to make an assessment yourself. Also the number of oustanding claims at the end of each quarter. All these are known, used to be disclosed, but are not anymore.
Some light reading:
1. A post from 3 years ago before they recorded a provision for future claims -
https://stockhouse.com/companies/bullboard?symbol=t.vln&postid=33610378
2. Another post where I explicitly called out the lack of provision -
https://stockhouse.com/companies/bullboard?symbol=t.vln&postid=34001465
We know that a third party assessed this company and its claims. With synergies considered, they were willing to offer $12/share. Will we get there again? Who knows. But that seems to be the ceiling for now.
Until someone cares enough to understand the claim volume (new, settled, outstanding), management can hide behind the provision and spin whatever story they want. Sad that most of my posts don't even discuss the operations of the company. I'll stay quiet until next year's audited resutls are released.