GREY:NEPTF - Post by User
Comment by
OccupyThison Apr 21, 2016 12:06pm
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Post# 24794175
RE:RE:RE:RE:RE:Questionable news...
RE:RE:RE:RE:RE:Questionable news...Given that they are not even profitable (see most recent preliminary vague earnings release)
"Based on preliminary results for the fourth quarter, Neptune expects total revenue of approximately $10.5 million and a positive Adjusted EBITDA for the first time since the third quarter of 2012. The increase in revenue represents approximately 90% over the third quarter ending November 30, 2015 and approximately 172% over the fourth quarter ending February 28, 2015. As expected at year-end, cash and short-term investments were approximately $3.5 million"
And the fact they are purely paying interest for the first year and a half, the 12% interest spells a slow painful death. That is reflected in the share price drop.