OTCPK:NEPTF - Post by User
Post by
gwrbion Oct 03, 2011 7:34pm
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Post# 19114103
Share drop?
Share drop?
Lots of other small caps have been crushed as well. AMRN is down 50% off its high as well.
Back in 2008/09, NTB was undercapitalized and there were worries about cash burn and issuing stock in a bad market. Doesn't apply today. NTB/APO have $10M-$15M combined in the bank (sorry for the large range - but haven't had time to read all 20 press releases that deal with all the share issuances, etc.).
On the one hand this board whines about lack of communication. On the other hand this board whines about too much gratuitous communication.
The reference from someone today about management getting rich is baloney. The management team's entire net worth continues to ride on NTB/APO's long term share price success.
Scanner, I'm with you, and am also frustrated by the lack of progress on all the functional food initiatives, and I thought it was crazy that a third party analyst had to come out and comment on the "rogue analyst" that caused the SP plummet down to $3.80 back in August (after the ho-hum last quarterly results). Now that the SP is $2.30 - no one has any credibility.
But, to all the long term whiners and non-believers, you had lots of chance to jump off north of $4.00.
Next week's quarterly results will be ho-hum as well. But, the company will come off solvent as hell, with a very strong balance sheet, and very strong science/prospects for the future.
Everything will be fine in the end. But, it can be a very bumpy ride.