Wave Swell Energy say more in that article about the specifics of their technology (including about past missteps, subsequent findings, and a target generation price) than Carnegie have said in the past 10 years about theirs! (Their graphic is pretty crap though - Carnegie spent more on their cartoons!
Sadly (for shareholders) it is in Carnegie's DNA to not tell the truth, to no reveal facts, to only talk 'blue sky' (the size of the worldwide resource is blah, the size of the market is blah...), they simply don't know do it properly. I'm sure they think they do. I'm sure they sit there saying, 'we know best', but all they really had was the charlatan Ottaviano who was masterful at spin and convinced shareholders, ARENA and MacTiernan without ANY facts to continuously hand over money. Can Stinson step up and spin the ball as good as the great Ottaviano?
Time will very shortly tell.
CCE Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held
