Verde Bio Holdings Inc logo

VBHI - Verde Bio Holdings Inc News Story

$0.01 -0.0  -6.5%

Last Trade - 21/01/22

Market Cap £9.25m
Enterprise Value £9.12m
Revenue £189k
Position in Universe 6836th / 7395

Verde Bio Holdings, Inc. Discusses First Quarter Financial Results

Thu 7th October, 2021 12:00pm
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211007:nGNXc9XzXH&default-theme=true


- No Long-Term Debt, Company Current with SEC -

Frisco, Texas, Oct. 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire
(https://www.globenewswire.com/Tracker?data=a24oU8NsJL8OgUFY0ION0ixXSte6JH-CWAMhPeKNI4L2ruvT8YF9b59pBGy68nBYLZiSgu5V2pXnF7SWlqUov9LMadY5EsUN72SNhhj3BHM=)
-- Verde Bio Holdings, Inc. (OTC:VBHI), a growing oil and gas Company, said it
is now current with the U.S. Securities & Exchange Commission, total assets
have more than doubled compared to last year’s first quarter, and Verde is
long-term debt free.

Mineral and royalty income in the first quarter totaled $64,000.  “A 10-Q
covers a three-month period of time only; May through July 2021.  We receive
revenue through a transfer process that can cause delays.  We have announced
16 separate transactions in news releases and we anticipate being in full pay
status on the majority of our properties during the current three-month
period,” said Scott Cox, CEO.

“There have been drastic increases in commodity pricing.  As we receive
full revenue from all our properties, especially natural gas assets in
Marcellus/Utica and the Haynesville Shale sector, we believe our investors
will be pleased by the results,” Mr. Cox said.  Verde Bio Holdings’ CEO
said the Company continues to examine many possible future acquisitions.

“The recent 10-K and this 10-Q were a learning curve, a new process for
VBHI.  We did not anticipate the delays and we believe we now have the
necessary teams in place to not be in the position of having to play
catch-up,” Mr. Cox stressed.  “There is frustration, however, with the
amount of misinformation we see on so-called message boards, so obviously
promulgated by shorts and others who want to damage this Company.  If you
have a question, please ask us, do not depend on posters who simply cannot
read and understand a 10-Q filing,” Mr. Cox concluded.

About Verde Bio Holdings, Inc. Verde Bio Holdings, Inc. (OTC: VBHI) is a
growing U.S. Energy Company based in Frisco, Texas, engaged in the acquisition
and management of Mineral and Royalty interests in lower risk, onshore oil and
gas properties within the major oil and gas plays in the U.S. The Company’s
dual-focused growth strategy relies primarily on leveraging management’s
expertise to grow through the strategic acquisition of revenue producing
royalty interest and strategic and opportunistic non-operated working
interests.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:

Statements in this press release that are not strictly historical are
“forward-looking” statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended. These statements involve a high degree of risk and
uncertainty, are predictions only and actual events or results may differ
materially from those projected in such forward-looking statements. Factors
that could cause or contribute to differences include the uncertainty
regarding viability and market acceptance of the Company’s products and
services, the ability to complete software development plans in a timely
manner, changes in relationships with third parties, product mix sold by the
Company and other factors described in the Company’s most recent periodic
filings with the Securities and Exchange Commission, including its 2021 Annual
Report on Form 10-K and quarterly reports on Form 10-Q.

Contact:

Paul Knopick E & E Communications

pknopick@eandecommunications.com

940.262.3584

(https://www.globenewswire.com/NewsRoom/AttachmentNg/66851c2f-ea03-44a1-a79e-7daf581423c1)



GlobeNewswire, Inc. 2021
© Stockopedia 2022, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.