From what I've heard from the Melbourne side of Veris is that things haven't changed with quite a number of professional staff not even recovering their Salary in billings. This type of business needs to bill enough to pay salaries plus overheads and equipment and then have something left over called profit for share holders.
The salaries are far higher than market in both Veris and Aqura or they would make money in this market. It looks like business run for the benefit of employees, executives and the Board not shareholders. This might be why Brian Elton keeps buying shares, with control in the hands of the Board they can keep the gravy train rolling. I agree with one of the earlier posts that the same board cannot fix the problems they created, addiction to other peoples money!
VRS Price at posting:
6.5¢ Sentiment: Sell Disclosure: Held
