Equity Briefing: Exec hints at doubling revenues and a possible spin-off dividend for NEPT investors
(Thomson Reuters ONE) -
Wael Massrieh, the VP of Scientific affairs for Neptune Technologies and
Bioresources (NASDAQ: NEPT), in a videotaped interview on Wednesday hinted that
his firm will see a substantial increase in revenues due to their plant
expansion roll-out.
"Our previous capacity was 150 metric tons before we started the expansion. The
capacity is actually going to go up to 300 metric tons by the end of the year.
So that actually means that we're going to end up doubling our revenues by the
end of the year if the whole capacity is capitalized on.
Neptune has considerable ownership stakes in the subsidiary Acasti Pharma
(TSX:APO). That intriguing biotech spin-offs seeking to develop and exploit
pharmaceutical applications for marine omega-3 phospholipid bioactive
ingredients in huge multi-billion dollar markets, each with vast unmet needs.
Massrieh also hinted that Neptune shareholders may soon be given an opportunity
to own shares of a new biotech spin-off shortly.
"This company is actually called NeuroBioPharm and it will be spun off in the
next couple of months," explained and it's going to follow a very similar
strategy to how Acasti was successfully spun out. The idea there is basically is
that the Neptune shareholders will actually have access to ownership of
NeuroBioPharm before it actually even starts trading publicly."
Volume in the stock was trading at levels much higher than average, on Wednesday
with official announcements set to follow.
Interview Source: http://bit.ly/IJYcSa
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Source: Equity Briefing via Thomson Reuters ONE
[HUG#1606087]
Datum: 25.04.2012 - 20:45 Uhr
Sprache: Deutsch
News-ID 139382
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