GREY:NEPTF - Post by User
Comment by
Investorguy1234on Jan 13, 2016 2:07pm
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Post# 24454654
RE:RE:RE:RE:Neptune Announces Third Quarter Results
RE:RE:RE:RE:Neptune Announces Third Quarter ResultsJeez it's real hard to remain optimistic about this stock based on what we are being told and lead to believe. The plant is running at maximum capacity and this is the result ? I kinda laugh at the fact that their 4 main bullet points are not impressive, especially the point about the cash balance. They increased their cash balance by $ 1.7 million and 1.6 of this was from the government or the insurance company. And then to tout the acquistion as a positive Q3 initative is misleading. It happened well into Q4. They are proud of their accomplishments of a $ 1.8 million loss $ 1.3 + 500k insurance recovery). I'm a positive guy but I can't see how a plant at 100% production can lose money, who was the brain child behind that. I remind myself of the IP assets which was how I was drawn to this in the first place but it seems to be more of a pipe dream as they drag out longer and longer. We will wait unitl the fall now. Seems to me that the smart money is valuing this company on it's operation as a producer and putting no value on the future royalties. If that is the case then the company will be valued a lot lower than today. I really believed in this one too.....