Voxtur Analytics Corp Stock Price, News & Analysis

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced the resignation of Joseph Murin as a director, effective April 15, 2023. The company will not fill his position, aiming to maintain a balanced board that encourages dialogue and accountability. Chairman Nick Smith acknowledged Murin's valuable contributions during a critical transition period. Ray Williams has been appointed as the Chair of the Governance and Nomination/Compensation Committee, having served as a director since 2021. The upcoming 2023 Annual Shareholder Meeting will showcase a diverse slate of proposed directors, highlighting Voxtur's commitment to varied backgrounds and insights. The company specializes in real estate technology, providing data analytics and solutions for the lending lifecycle across the U.S. and Canada.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced the resignation of CEO James Albertelli, effective April 13, 2023. Gary Yeoman, the Executive Chairman, will serve as the interim CEO, having held the CEO position before. Nick Smith has been appointed as the new Chairman of the Board, bringing over 25 years of experience in the core markets of Voxtur. The company expressed gratitude for Albertelli's contributions while emphasizing continued focus on launching new products and integrating platforms, particularly following recent challenges in the real estate market due to rising interest rates. Despite these headwinds, Voxtur reportedly grew its revenue and is optimistic about future profit potential as they streamline operations.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced on April 3, 2023, that Marcum LLP has voluntarily resigned as the Company's auditor as of March 31, 2023. The Board has accepted this resignation and is now in the process of selecting a new auditor. Due to the timing of this change, Voxtur estimates it may not be able to file its audited financial statements by the May 1 deadline, leading to plans for a temporary management cease trade order (MCTO) to restrict trading by its CEO and CFO until the company meets its filing obligations. This situation could affect investor confidence and the company's operations in the short term.

Voxtur Analytics Corp. (VXTRF) announced the sale of a promissory note from James E. Albertelli, P.A. (JEAPA) for USD$7,818,400, against an outstanding balance of USD$9,773,000. This transaction highlights a strategic shift towards a pure SaaS model while eliminating related party debt. JEAPA, facing financial strains due to the COVID-19 pandemic, executed the note to document accrued fees to Voxtur. The company has also amended its service agreement with JEAPA, moving to a per-file fee model. The deal attracted two strategic investors with extensive experience in the mortgage market, enhancing Voxtur's growth potential amid recent product launches.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced the appointment of Chad Neel as the new Chief Operating Officer. Neel brings over 30 years of experience in mortgage finance and real estate, previously serving at McCarthy & Holthus and Lender Processing Services. His expertise in integrating acquired companies and improving operational efficiency is expected to enhance Voxtur's market position after recent growth. This cost-neutral addition aims to drive strategic growth and accountability within the company, as emphasized by CEO Jim Albertelli.