POW stated that they were going into TH until February 24th. On the 24th they made an announcement that had nothing to do with the TH but did not start trading again.
Is it just me or is that really, really, poor shareholder relations? Now several more days have passed and not a whimper out of this useless bunch about why the TH didn't end when they said it would. Now we have radio silence. What are we supposed to think? I'm sorry, but this is pathetic... and typical of the penny dreadful sector here in Australia.
I should have sold as soon as the new CEO came on board and immediately starting waffling on about all sorts of alternative energy, as if the existing focus on the wave energy converter that had been spruiked to us as the greatest thing since sliced bread, was not really going anywhere.
So disappointed in the management quality, especially as people were saying encouraging things about the new CEO. Market cap would be double what it is now if he had kept his mouth shut and said nothing when he came on board. What an indictment on his judgement in making that waffling, unfocused, motherhood statement just to announce he was here.
Sorry, bit of a vent!
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