More than likely I will be looking to reduce my position if we see periods of strength in the stock during the coming months. The delinquency statement/commentary in the FY 2018 press release was basically just a repeat of what was said in the FY 2017 PR.
The SEC's unpredictable (and often ruthless) approach to delinquent filers poses a potential serious threat to VODG and its shareholders. All it takes is someone in the SEC to wake up in a foul mood some morning, throw a dart at a list of delinquent filers, and it could be "game over" for VODG if the company is not positioned to get all its filings done in a very limited period of time.
For whatever reason(s), management doesn't appear to be in any rush to eliminate the delinquency risk, and I find that somewhat alarming. Maybe they have a good reason not to be overly concerned about the suspension/revocation risk, but until they share that reason with the retail shareholders I'm not comfortable holding a large position deep into calendar 2019.
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