GREY:NEPTF - Post by User
Comment by
hipfneron Jun 18, 2019 4:29pm
44 Views
Post# 29837464
RE:Watch for debt or shares around 5.50$.
RE:Watch for debt or shares around 5.50$.Neptune already has debt. They are over $100 million in the hole. They don't make any money in their operations yet. Please, everyone, read the financial statements.
As to whether they can raise cash through a loan, no chance. Their only tangible asset is a plant, which, so far, doesn't operate at a profit. So, no secured loan.
As to whether they issue shares, absolutely. Check out the insider holdings on SEDI.ca
Virtually none of the officers have any shares, they are loaded up on options - which can easily be repriced - happens all the time.
My guess is $4.50.