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Bullboard - Stock Discussion Forum Neptune Wellness Solutions Inc NEPTF

Neptune Wellness Solutions Inc. is a consumer-packaged goods company that is primarily focused on health and wellness products. The Company focuses on developing a portfolio of consumer products that align with the market trends for natural, sustainable, plant-based, and purpose-driven lifestyle brands. Its products are available in more than 29,000 retail locations and include organic food and... see more

OTCPK:NEPTF - Post Discussion

Neptune Wellness Solutions Inc > Review the Auditors opening comments on SEDAR
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Post by Dunworkin2 on Jul 20, 2021 8:32am

Review the Auditors opening comments on SEDAR

I was surprised at what I read and it left me with the feeling that a number of significant errors were made. Speaks to a sense of lack of experience, gross misjudgement, maybe having the wrong skill sets in key positions, incompetence in the senior ranks.

How can you have such a large negative gross profit margin? They would have had better results by locking the doors and shutting down operations for a year to think this through. A lot of BIG mistakes were made. Question is does this fall on the CEO, CFO, or others but something needs to change soon. Read it yourself, do your on DD. What a fkn shite show.
Comment by kaiter6851 on Jul 20, 2021 9:50am
totally agree - reading the multi page auditors opinion is frightening. I'm not sure how Toni even still has a job. then in the MD&A they have added about 10 pages of risks on the company as a 'going concern' which is not standard. and finally, they have buried the material developments that sprout will likely need to settle with several states and maybe the federal government on ...more  
Comment by Johnny1a on Jul 20, 2021 11:26am
Auditors opinion, just an opinion. And risk are you kidding me there has always been tons of risk more then investors realize. And not saying recently but from the get go. Nothing new. The higher the risk if successful the greater the rewards. I am not concerned at all. We can speculate over and over and instill fear in investors. Some people have over estimated and underestimated this stock. News ...more  
Comment by Sopranos1 on Jul 20, 2021 11:08am
I sent the same thoughts to IR... investors@neptunecorp.com CEO & CFO need to go..Remember Michael sold 1.2 mill shares last month 1.25+ hmmm