New To Neptune....correct me if I am wrong Hi All,
I am new to Neptune.....that Globe &Mail (BluMont Capital Corp. selecting it as their one pick this year), brought my attention to the stock and company.
Correct me if am I wrong:
-Krill business was experiencieng huge year over year sales growth, profitable and required several expansions to the factory.
-Phase 2 results from its Capre drug are coming out in the near future (although we would have already heard if there were any real safey issues
-$34 million cash was raised at $4.10 per share 3 months ago
-the factory (that was too small) was destroyed in an explosion in November (sending shares plumetting)
-Insurance coverage for both the cost of rebuilding the factory, plus coverage for business interuption. An first payment of $6m confirmed (and up to a further $14m).
-a lot of options granted earlier this year excersizable in the $4-$5 ps range.
-All the shares that have been bought over the past year at much higher prices, the financing particpants at $4.10 per share plus the shares titley held by those close to the company and institutions.
It would seem the company is in better financial position, losses will be covered and will be able to rebuild a brand new custom factory to meet its current and future growth needs?
Am I crazy to think that the share price should be heading right back up to above $4 per share in the near term? I hope the conference call tomorrow after closing addresses the action plan to get the company back to a stronger operating position than they were in prior to the factory being shut down.
Let me know? Unless I am crazy......I am going to be gathering my position over the next few days.
I am looking for big rewards/swings.
moneystarved
(other current speculitve holdings... ICO and WHN)