Maybe 1Q16, but no longer than that. The simple fact is that management took far, far, far too much money out of the company. Tech companies can indeed take a while to develop, but they need to be run very leanly on the way there. Wave power is not impossible, but it's certainly a process and these guys burned through $160mm without a doggone thing to show for it. Shameful.
Time and money has proven this contraption isn't able to produce meaningful amounts of electricity at an affordable cost. Bravo to the brave people who put money into this, but honestly it never was compelling. There is no happy ending, as the intellectual property is essentially worthless.
OPTT ks not going to move higher but will likely close red. Yeah, I bought 500 shares at 1.75. Just thought I saw something there, but it has no steam at all. Sorry, but hold and lose.
Open google now and search for UltimateStockAlerts. You will be glad you did. Their plays are
killing it and the last trade I took from then helped me make 21% in 2 days. Cant complain about
A / S decreased as well. "The Certificate of Amendment also decreased the number of authorized shares of the Common Stock from 105,000,000 shares to 50,000,000 shares".
It's a shame because it's nice tech and a good idea. But mismanagement and delays have lead this company to ruin. It's going to take another pile of investors and better management to turn this around. Are you going to find enough investment money to give this company a second chance? Doubtful with oil prices so low.
$4M CAP, vs ,$14m in cash per last 10Q, only 1.8m O/S. raised nice Cash recently,if somebody banking on her this could be very interesting,imo
1 MWH in NJ is minuscule $100 worth of electricity -- what did the equipment, deployment and maintenance cost? This is not remotely commercially viable -- it's an expensive demonstration on how to bury shareholder and Navy money deep at sea. Yeah it produces power, but at vastly higher cost than solar, wind, replaceable batteries, etc.
This company has 12 million in assets. After the reverse 10 to 1 there are now only 1.7 million shares out there. If it can commercialize this year the carbon credits alone will be worth millions. (they can be sold)
I'll keep this short and sweet...Google "Penny Stock 101 org' signup for their free newsletter and get their next trade alert. Come back and thank me tomorrow!