2c approaching fast...., page-9

Damo, you could be right. Neptune usually announce their profit around end Aug but it could go either way. The announcement in Aug will tell the full story IMO. I think personally they will do fine. They have offloaded all the loss making businesses and still own STS in UK. They bought STS for the market cap the company is at now from memory (40 Million). Even after the GFC NMS paid big money to buy businesses. It is this 40 Million I think got Neptune into trouble. Had they not bought STS they could have worked through their problems. If you notice the announcement re: purchase STS they were supposed to pay 95% in cash but without fully disclosing to the market borrowed the money which lead to their problems with the banks. Thats why I think the BOTS took over in Nov 10, they knew Neptune had changed tack from that announced and targeted the company because they knew there were problems. I also think Paterson Securities had something to do with the BOTS as well. Ah yeah, when you upset Securities firms such as Patersons, they can certainly bring a company too its knees. Neptune probably deserved it truthfully.