Monday, January 27, 2020 5:27:02 PM
And despite the usual vitriol for even the slightest criticism on this board, it is highly likely at this point that they will file for an extension, and Mark's "followed by a 15-day extension" language basically is level setting for that expectation. Which is all I've been saying.
People ask, "What's wrong with it being late? Who cares?" Well, management has been very clear that Chris has worked to get them on schedule and the plan is to be on time going forward. So when you promise the market something, not delivering undermines credibility. I am not hating on Verus — but it is fair to say that they will find more, deeper pocketed investors by saying what they are going to do, doing what they said they were going to do, and then pointing out how they did what they promised. Consistency is key. It builds trust.
They have made strides, but they have had all the time in the world to get these financials ready.
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