mmm - good to mention wag - a company, which watso had never heard off before - but looking back, the company seems to have had a few reincarnations.
anyway, the latest attempt at a reincarnation, was some scheme, which sounded really good - and just gave another eg of the ability of nigerian scammers (but west australian based) to milk the gullible public.
lol - cwe - have raised $100m in the last 10 years, and at the end of ten years, have a bit if scrap metal, valued at $200,000 - but that justifies paying heaps in director fees.
shareholders must cringe, when they look back at past announcements - eg, just a quick look, and watso noticed a market sensitive announcement in 2011 - which mentioned something about a wave monitoring buoy in bermuda - a wave monitoring buoy, is probably just a simple piece of equipment
ahhhh - here is a good report - dated 15 oct 2009 - where the government would give $3 for every $1 put in by cwe - but whatever happened to that project???? - it was supposed to be a small scale commercial demonstration project.
considering that the shares have been heading south, since 15 oct 2009, then the obvious conclusion, is that nothing happened
CWE Price at posting:
4.2¢ Sentiment: Sell Disclosure: Not Held
