ds693 I am not trippin this is what happens before the big run to 10 . Watch an learn your posts are nothing but pure negativity just like Keefie . Maybe your the same person .
I *am* taking into account the information beyond past stock price. For many years OPTT has alleged that its new products are especially promising and that its partnerships with governments and others would be the path to sustainable profitability. Despite these products and partnerships, we see unending losses under the richly-compensated top management team. Should we continue to believe that same management team today when they trumpet the firm's promising products and partnerships? Ultimately the financials and the stock price represent evidence of managerial talent and veracity. Management has had sufficient time to make its case and has failed dismally. For this company, what's past is prologue.
Really? Do you realize MES is building buoys right now as we speak? 12 months from now MES will have the japanese project done. Not by OPT's slow calendar. 12 months. OPT has already begun taking cash from MES and will continue to do so.
I would advise you to take a step back and look at the product and partnerships. Not just the stock price history. Invest on a higher level.
Look at OPTT 6 months ago. 3 years ago. 3 years before that. This will tell us a lot about what the future likely holds. This is a badly managed company. Poor information flow from management, poor financial results over a long period, poor shareholder value delivered even during an economic recovery, and lots of shareholder money paid to top management. There is an admirable amount of hope on this msg board but betting on OPTT is a triumph of hope over experience. Just buy shares in IWC and have some wealth left for the grandkids.
Year-over-year revenue growth is negative 65%. The firm beat "earnings" consensus through savings on SG&A expense. The consensus estimate (consensus of one analyst -- I hope he agreed with himself) was a loss of $0.39 and we celebrate that the loss was less horrific than that.
If you have a spare $2, rather than buying a share of OPTT try two scratch-off tickets at your local convenience mart -- at least you'll have a 5% chance of an ultimate payoff. Other than an occasional inexplicable price spike that appeals to short-term traders, this stock has had nothing to recommend it except hopeful company press releases that do not amount to much.
Stocks like OPTT are not what true wealth-building investing is about. Just buy a micro-cap index fund and you'll be far better off. For example, compare the 5-year price chart of IWC to that of OPTT.
Wait for WHAT? Six years ago OPTT's share price was above $12. Five years ago OPTT's price was above $8. Two years ago it was at almost $3. One year ago it was above $2. Since 2007 top management has earned over $6 million in compensation. Since then the US economy is out of recession and the stock market indexes have more than doubled. Even someone with the patience of Job is tired of waiting for OPTT!
The company appears to be a long-term, reliable compensation vehicle for management that is funded by shareholder generosity. For all except short-term traders, the stock has been a dismal bet.
Sorry to disappoint you but yesterday was a travelling day.
I'm BAaaaaack now.
Be afraid.....be VERY AFRAID!!
Did you hear the one about the Powerphooeee?
He's fallen in de water!!!
Keefie weefie is slowing down I guess he work is done here .
You'd be an expert on the subject Gazza..... you are a total WANG KERR
Frustrated youll be spanking your monkee for life keef .Go jerq off on another MB
Coming from a COMPLETE TERD that is rather amusing.
Why don't you set up a gofundme site to ENCORAGE green scams?
After all, you are a big supporter of this filthy corrupt SCAM.
btw......GO PHERQ YOURSELF.
Funny, I thought OPTT "world leading developer of wave energy" was intending to build PowerPhooees and to SELL those.
Unfortunately they can't, because they DON'T PHUR KING WORK!!
The bigger SCAM is your gofundme donation for your Beer money website page . You are a complete Toad .