PINL:NEPTF - Post by User
Comment by
gwrbion Oct 29, 2010 2:06pm
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Post# 17631719
Warrants
Warrants
I had the same experience. We keep talking how no one knows about the Neptune story and how buying volume remains tepid. Then I call my broker for advice on the process re: Neptune warrants. I was fully expecting this guy on the phone to struggle even spelling it, and then stumble over the terms and pricing. Turns out, he had already had numerous phone calls from other shareholders and was very well-versed on the company, the warrants, pricing, and dates.
Bottom line, the warrants are a small price to pay relative to the whole commitment we have already made in Neptune. Even without the
.47 value/price reference in the annual report (from six months ago), Acasti has made progress in the last six months, and appears on the verge of some great things.
.40/share doesn't seem like that big a risk to me.
Nevertheless, we still have a couple of weeks to wait out and gather more information, and to watch the insider boards, etc.