agm 30th nov, page-4

Well it certainly will be an interesting AGM. I will be putting together my "wish list" of questions I would like asked at the AGM over the next few days, and will post here for anyone that is going.

What intrigues me, though, is the ridiculously low 8 cent issue price, and the fact that Patersons are involved when they had a sell on the stock.

To me this highlights just how bad things are with Neptune. A 60% discount was required just to get the required support for the cap. raising. That is very sad indeed.

I would like to know what sort of a pay cut Christian intends taking give the state of affairs.

Someone else posted that they lost $6m in the last quarter. I would like more clarity on that. Did they post a $6m loss operationally, or was it that their cash position eroded by a further $6m for the quarter?? If that was an operational loss, then even at 8 cents I ain't interested until Lange is gone.