OTCPK:NEPTF - Post by User
Comment by
moneystarvedon Jan 17, 2013 5:14pm
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Post# 20853515
RE: Conference Call - Highlight
RE: Conference Call - Highlight Some additional points from the Q&A session:
- Initial insurance payment is $6m (which will bring cash on hand to over $40million)
- Additional insurance payments (up to their $20million coverage), will be vested as Business Interuption Insurance Claims are submitted by the company, up until the date production at the new facility starts.
- Currently were able to save or source (from existing customers) about $7million worth of inventory to continue to supply.
- They will start stockpiling Krill soon as the fishing season is about to begin, in order to be able to feed production at their new facility as soon as it opens (estimated in 9 months).
- Going forward they will have plans in place to procude at their own facility, but also have a strategic partnership in place in order to produce at another location (so, god forbid, something like this happens again, production would not stop, as facilities would be redundant).
From the execs...Neptune will be "Relentless in its effort to bounceback stronger".
I AM VERY HAPPY WITH THE CALL AND ALL CONCERNS WERE PUT AT EASE.
upwards from here!!...goodluck!