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sevenOdouble

06/12/12 10:44 AM

#329 RE: kjn #328

I'm also from Europe bro, and the reason why OPL went so high in March was the issuance of the White Paper in combination with milestone achievements for POET. And as it always goes with short term momentum stocks tend to go down from that high and unfortunately OPL had 2 bad financials after that, thats why we're trading so low, which by the way is only temporary IMO.

I said 2 bad financials, but OPL had total annual revenue of 5.9 mil in 2011 as compared to 1.7 mil in 2010, which in itself was a huge improvement, but that was overshadowed with the one-time-write-offs of older solar panels in their inventory and the solar farm in Spain. Without that OPL would be trading higher, at least with the knowledge of the FY financials, because the Q1 fins were a big disappointment, and whatever trading range OPL had it could never sustain that, hence we trickled down to where we are.

Now we have the PP of 13 mil sh's, so as long as that isn't out of the way OPL will not go higher, unless powerful news comes out, but I doubt that.

By the way, you may want to read this post:
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31160604&l=0&r=0&s=OPL&t=LIST