The Board has committed to a major restructure of the Neptune business that is designed to achieve this return to profitability in the shortest possible timeframe. This will involve a re]capitalisation of the balance sheet, a comprehensive operational review of the Companyfs assets, and where required, a rationalisation of assets. ----------- Unless im very much mistaken this looks like a sell off.
Just goes to show the hide on Lange ($6m) and he wanted a reward ? A reward poster should be stuck on every tree with his face on it
Would have made me a lot happier if the chairman had finished his presentation with the words
"And... as chairman of the board who has been so obviously derelict in my duties by allowing this situation to occur and furthermore, for even contemplating the very suggestion of a reward scheme in the face of these results i too have no alternative but to fall on my sword"
Thats it folks,dont expect any news for several weeks at best
NMS Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held