PINL:NEPTF - Post by User
Comment by
scanner5on May 20, 2010 12:58pm
210 Views
Post# 17118613
RE: Financing
RE: Financing....canceled financing does not make any difference to Neptune, apparently they didn't need the money in the first place,( LOL ) but would be a big loss for the Spin Masters at Dundee and Paradigm. A loss of 6% Brokers Fee and 6% Brokers Warrants is a fat deal nobody would refuse.
Wasn't it the Spin Masters at Paradigm who put a S/P target of $17.- on Neptune just a few years back and then reduced it to $8.- . This is called "professionals". Look where we are trading right, now and for the last 3years!!!!
The Q4 and year end will be a hammer. Considering they need a VP of Finance, a Director of Finance and probably
a whole delegation of support staff in the finance department to gobble up the numbers on a maybe $15mln
revenue.
But hold on, the SpinMasters projected revenue for FY2010 $98.4mln but reduced it to $67.6mln.LOL
SCAN