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    Stephen Branstetter

    Research Analyst at ABL Investments

    Stephen Branstetter's questions to Visionary Holdings (GV) leadership

    Stephen Branstetter's questions to Visionary Holdings (GV) leadership • Q3 2020

    Question

    Stephen Branstetter of ABL Investments asked about several strategic topics, including the existence of a key man life insurance policy, changing the company name to Power Corporation of America, efforts to gain analyst coverage, and any plans to take the company private. He also inquired about bidding on large contracts for Russell 2000 inclusion, the length of two recently renewed MSAs, potential for new MSAs, and current storm restoration work.

    Answer

    Acting Co-CEO and CFO Steve Wherry confirmed there was no key man life insurance policy and that the $1.4 million charge was a one-time expense. He stated a name change is considered but not imminent and that the company does not comment on M&A or privatization. Acting Co-CEO Jason Spivey added they are actively bidding large projects, working on new MSAs, and confirmed the two recent MSA renewals were for two-year terms. He also noted they are performing some storm work in the Gulf region.

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    Stephen Branstetter's questions to Visionary Holdings (GV) leadership • Q2 2020

    Question

    Stephen Branstetter of ABL Investments inquired about a potential corporate name change to Power Corporation of America. He also sought clarity on the sequential backlog decline, the nature of MSA contracts, the reliability of the 12-month backlog as a forward-looking indicator, the company's remote work policy, and the progress of recently signed large contracts.

    Answer

    Acting Co-CEO and CFO Stephen Wherry confirmed the board would reconsider the name change. He explained that total backlog fluctuates as multiyear MSAs are burned through and that the 12-month backlog, which increased year-over-year, is a more accurate near-term indicator. Wherry also noted a hybrid work-from-home policy is in effect. Jason Spivey, Acting Co-CEO, added that major contracts are already underway and contributing to revenue.

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