Dreamtime, I know exactly what happened. Veris was an...

Dreamtime, I know exactly what happened. Veris was an aggregation and brought together a number of smaller surveying firms. Such aggregations can be risky investments and investors can easily lose money. I generally avoid them.

I do understand that there were early investors that have lost money with Veris and that is very disappointing. I have also had the occasional investment loss over the years. In a diversified portfolio that happens. My focus however is on the future and in the case of Veris I like what I see.

My view is the Veris executive team that is now in place require some runway to get the business on a stronger footing. I am also impressed with recent executive hires coming from larger companies, and bringing the professional skills needed to position Veris in the upper quartile of the marketplace.

I am very happy to acquire Veris at current prices as I see a future for the company and its fits nicely within our portfolio. That said, it may not be an ideal investment for others and I respect that.