Neptune Wellness Solutions Inc NEPTF

Lousy volumes

[gwrbi]

I am not really concerned about the current SP.   It is almost irrelevant as long as only 25,000 shares trade every day.   There is no legitimacy to a $1.50 SP with 25,000 shares trading, and there would be no legitimacy if the SP was leaking upwards with only 25,000 shares trading.   This SP can move significantly on any sniff of news (good or bad).

Right now, with management's incredibly bad timing on the financing announcement (same day as the fat finger contagion and the 1,000 point drop in the Dow), and their not preparing the market (with the financing as a strategic requirement), together with the lack of follow up, together with the downward drip of the share price, is leading to continued concerns of mis-management and excess dilution (i.e $15M financing at $1.50 is way more dilution than at $2.10 as reported).

Add it all up, no wonder the share price is trending downward until the update announcement comes out.

Management is the master of their own demise.   They may not have been focused on short-term SP support (as proven by their lack of communication and by their discarding of current relationships and customers), and I believe they are way more focused on the long-term value-adds.  However, if they knew a $15M financing was imminent, why didn't they do a better job managing the short-term SP support (with news and communication and promotion), so that they could minimize dilution when they had to raise capital from markets.