Ocean Power Technologies Inc (OPTT)

[frankvestor8]

For a co. that generated only $705K revenue, $7.05 million R&D was certainly expensive. But that's far from all. SG&A was $6.7 million. An out-of-balance administrative structure. Officers are enriching themselves at the cost of shareholders. And even that paltry $705K revenue took a lot of selling to do. On top of those, there's also a $1.1 million litigation cost. A perfect recipe for shareholder value destruction. This won't end well. Just a matter of time for shareholders to wake up. It has happened many times to the co. before. You just need to check the long-term stock price chart.