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Velan Inc T.VLN

Alternate Symbol(s):  VLNSF

Velan Inc. is a Canada-based manufacturer of industrial valves. The Company designs, manufactures and markets on a worldwide basis a broad range of industrial valves for use in critical applications. It provides solutions to many sectors including power generation, nuclear, oil and gas, chemicals, LNG and cryogenics, pulp and paper, geothermal processes, shipbuilding, defense, and carbon-neutral technologies. Its product categories include quarter-turn valves; gate, globe, and check valves; cryogenic valves; HF acid valves; steam traps; bellows seal valves, and Velan ABV valves. Its service includes research and development, maintenance manuals (IOMs), spare parts and service center locations. Its quarter-turn valves include Memoryseal ball valves and VTP-2000 high performance three-piece ball valves. The Company's cryogenic valves include cast steel cryogenic valves and API 602 small forged cryogenic valves. The Company has manufacturing plants in approximately nine countries.


TSX:VLN - Post by User

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Comment by mjh9413on Jul 22, 2024 11:20pm
209 Views
Post# 36143721

RE:RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - HOLD

RE:RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - HOLDHere's my take on your classifications:
"New" these are either settled or provisioned in quarter, so the $ value is in the Provisions table, AND if the term acdrued in that table  refers entirely to new but not settled, the picture is clearer

"Settled:" this number is also in the Notes (and should equate to number in Admin Expenses

"Outstanding": this number is also in the Notes but is complicated by it being composed of those known but  unsettled (as in New) and those forecasr by the 'professionas'.

As has been stated, we need this Annual Note in the quarterlies and I have started writing to the Regulator to see if they have the will and power to enforce this. In addition I have asked about  the notion of 'Material Disclosure'. However, if I remember my read on this years ago it is a "judgement' of management what is 'material.'  That's our Regulators and their published mandate to protect investors!!
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