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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 beverage brands, such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies. Its main brand units are nutraceuticals and organic foods and beverages. The Company sells its nutraceutical products mainly in bulk soft gels or liquids to multiple distributors and customers, who commercialize these products under their private label. The Company, through its Sprout subsidiary, sells its organic foods and beverages products to mass retailers, grocery stores and other retail outlets, as well as online through e-commerce sites and its own Website.


PINL:NEPTF - Post by User

Post by gwrbion Jun 15, 2009 1:17pm
431 Views
Post# 16071334

Puzzling disposition

Puzzling dispositionJust checked Canadian Insider for insider trading for NTB.  Hard to explain why Northern Rivers would have unloaded 75,000 shares at $1.83 on June 4th (the same day as the Bayer announcement).

First of all, 75,000 shares represents a pittance of the millions in shares Northern Rivers own so lets not think they have become sellers (more like balancing their portfolio).

Secondly, in order to unload 75,000 shares they probably had to wait for a high volume day.

Thirdly, I would have thought they were close enough to management that they probably would have known something was imminent.    The share price went close to $3 in the days after the announcement, so they left a lot of share price on the table.

Odd, unless the disposition was some internal transferring amongst their accounts.

Any thoughts?





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