Neptune might now cross line
Neptune Marine Services’ hopes of pulling off a restorative $80 million capital raising have been bolstered by the departure of managing director Christian Lange.
Neptune Marine Services ’ hopes of pulling off a restorative $80 million capital raising have been bolstered by the departure of managing director Christian Lange .
Despite the deeply discounted price of the raising (8¢ a share, versus Neptune’s last traded price of 20.5¢ a share) institutional investors were believed to be unwilling to back the ailing oil and gas services company while Lange was still in charge.
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