Regarding price targets, I'm assuming many will pay very close attention to the delta in revenues that we'll get with the 10K.
My view has been and continues to be that Anshu's ability to ramp revenues based on the trade financing component will help the market have some basis for minimal growth expectations and, frankly, provide some ability to give more credence to whatever guidance we get from management. We have to be realistic that there have been a number of misses in terms of timelines and expectations and, for me if for no one else (doubtful), that has driven uncertainty in terms of where we'll actually land revenue-wise. We know the potential PPS based on we've been given, but not actuals and little real prior history on which to understand how long it might take to achieve the backlog or to mentally frame a pessimistic scenario. If the period ended July 31st marks Verus becoming an independent company and something of a starting point, the 10K will demonstrate what management was able to achieve since that time. Real, reasonable expectations versus speculations, I believe, will be very important for the price of the stock in the market.
I've gotten criticism for my approach here, but that's okay. I prefer a realistic approach rather than being overly hopeful that "everything falls into place" to achieve that $20mm. Am I hopeful for that? Absolutely! Some demonstrable progress could allow (at long last) markets to begin to price in some forward revenues. We'll see what happens with the 10K.
