Ocean Power Technologies Inc (OPTT)

[Skinny Mulligan]

A little perplexed about this. There's enough cash to hold them for 4 years at current bleed rate; even after the acquisition. They need to put out a statement why they are doing this. Otherwise it just looks like they are intentionally tanking SP. Maybe they are.

There must be another acquisition in the works. Hopefully for something they can actually sell. Might not be a bad idea, since the buoy business does not seem to be paying the bills.

SP has just about hit NBV. If they issue shares at any lower than current, it WILL dilute existing shareholders.

If they are not planning to expand the business to something sustainable, then they are essentially a charity, where executive management are the beneficiaries.