This company has issued press release after press release after PR announcing some great accomplishment and internal milestone. This goes back to days before Kirby and now to this management team.
yet little to no sales
please don't say $2 million a year is real sales.
the little pizzeria down the block from me does way more, meanwhile, OPt has raised $323 million in capital
stock has continued years upon years of decline
the only true accomplishment the company can brag about is the trading volume and liquidity in the stock because that has allowed the company to raise capital on the backs of unsophisticated retail investors.
maybe the idea of waves producing energy and electricity is a great idea, but it would seem as if OPT has developed the technology but no one is buying it.
maybe this is just a business that needs to be funded by a government to see if there is something of any value because there is no value to open market investors.
the investors that participated in the private placements make money because they get the shares at a discount to market and then SELL those shares on the open market to those unsophisticated retail investors that are buying based on a theory or a philosophy that OPT is doing something good
but the facts are undisputable and its a never ending loss for the company and investors
opinions are for dreamers because the thousands of people that lost money on this stock are real people that have been either sold an idea or a promise, or just made a mistake, but its a fact they lost money on their OPT investment
take whatever you were going to spend on OPT stock and go have yourself a nice meal and when you get rid of your meal (after your morning coffee) consider your excrements worth more than the OPT stock you would have bought. because your meal had value at the time, OPT has never had value
