glug glug glug ..., page-6

I had genuine concerns over their cash position when they released their FY results. That concern has just been magnified about 10 fold. Their cash was eroded to the tune of $16m in the June half.

Overeaction? Time will tell. More like a simple exercise in risk reduction.

For reasons beyond comprehension Neptune Marine is now a big risk. I hate saying that, but it is a fact. Not sure what they can do now to keep the options in the money.