Going back to smaller buoyns?
does also mean..less energy??,,,,but better in control!
now the need To finetune....before doing commercialised viable projects
no words on lawyors?
My question is....how close would they Be of manufacturing 100 buoyns on low cost that work!!
With their cash they can stay on quite some time
class action,may take many years, but for sure they need to clarify why they did an IPO on 3.1
while 5 month later they quit a project on for this moment in,their own interest....(they for sure now cannot comply to that contract....
hopefully their insurance covers part....
in,the CEO wring doings......in case of a claim....
would it not,be in the interest of the aus gov.to use this clean energy
my guess is after the class action optt will be bought by???
Noone serious Will ever invest in Nigeria, unless completely covered
But do You understand the risk of trying To complete o project with a bad contract!!
they take a hit,now,,..on the share, but a New contract is viable
Prefer Japan or Australia instead of the World most corrupt country
when do shareholders start to,understand It was good To terminate This contract To avoid issues later.....
what is the cash value?,,,,,1,3?
paying back 5,2 m
money been spend (partly ?)
an laywer case......,,,will insurance pay out by mistakes of the ceo ?,,,,or will it be on their cash levels
they need to sell themselves ........than shares goes up,,,no reason for laywers to sue
make a better contract,,,,and start building buoys
what is the step of the autr. government......will they persue again in another ocean wave power project..
mostly when this happens shares get overheated to the down size
I think a New contract Will Be made
and Than we Go again up
I thought Too,
what If their projects cannot,Be commercialised....what happened in the aussie prject
what is they need To compensate At least 10m To shareholders
in their New stage....they Must need To have a big project
takes antother 2 years now I Guess....
they stopped the project for now,,,,,
i think later a more viable contract Will be,made , more fair for All parties
the ceo die a bad job, by signimg up wrong contracts....
insurance probably needs To pay out.......
laywers get their part
what a stuff
so good News for now,,.in the long run...!!??!
Someone sells at 1.51......pretty stupid
better wait on that independant survey, but when is the outcome...!!
I suspect the aussie project just sort of continues,,,
share goes To 2,4.
laywers pull back
won't Go anyway Through these cash levels if they need tofind,allover a New project
Sentiment: Strong Buy
float is very low
any order of 15000 can swing 20 cents now
noone sells at cash levels, while and there are no facts to sue this company
australian project is still on the australian egov site......
within hours this could easily increase 1 usd on any certainty of news
I have a feeling if the the aussie project continues,,,,this share is on 3/4 in no time
fact pls......no opinions this concept will never work
off course it works............
Grid Connection - 2010
From 2009 to 2011 Ocean Power Technologies, Inc. deployed its PowerBuoy at the US Marine Corps Base Hawaii (MCBH) at Kaneohe Bay. The grid-connected PowerBuoy was launched under a program with the US Navy for ocean testing and demonstration of PowerBuoys. This PowerBuoy incorporated advanced design features in OPT’s proprietary PowerBuoy platform for improved efficiency and was the first grid-connected wave energy device in the US.
Mark 3 Deployment- 2011
OPT's first Mark 3 PowerBuoy was deployed at sea in 2011 by a team including Scotland-based Global Maritime Scotland Ltd, Port Services (Invergordon) Ltd, and OPT, with the support of the Cromarty Firth Port Authority. With a peak generator rating of 866 kilowatts the Mark 3 is the largest and most powerful wave power device designed by OPT to date and concluded its six-month ocean trials.