There is new management since you first invested in AQLV. The 10Q filed on Friday shows a combined company with much more revenue than AQLV was reporting and a company with a much broader mix of products and services in sustainable agriculture. This market sector is poised to grow rapidly in the United States as the concern about GMO food production increases. And Verity is in the middle of this sector. The company is already experiencing an increase in interest by farmers on adopting a more healthy food production regimen that is offered by Verity.
The 10Q was filed for the quarter ended March 31, 2013. If you have noticed the weather in the United States Midwest where Verity has two facilities--in South Dakota and Iowa-- you will know that the much longer winter has delayed much of the planting in Verity's Midwest operational area. Those revenues are merely DELAYED into this current quarter ending June 30, 2013 as the delayed planting season in those states begin. The Georgia facility in the South has not been affected by a longer Winter.
In addition, Verity has retained an strategic adviser for acquisitions to grow the top line faster than just building revenue internally. All acquisitions are to be focused in the sustainable agriculture sector.
We understand your immediate frustration, but please remember that the current management team and business plan of the public company has been in place for less than 4 months.
The next 10-Q is due to be filed August 15.
Vielen Dank, |
