I'm sorry Keg - I know you want to believe in this but its has all proven to, well - nothing but a play on careful language and 'announcements'.The initial market update said they would seek $3M of whicharound $1.5M was just to pay of debt and the rest put towards CETO6 (how will Itbe spent?)
What does Mike F know that we don’t? If he knew somethingwe don’t and bought shares a result – that would be the definition of Insider Trading!
A “DOCA” doesn’t raise funds. It extinguishes debt and ‘resets’the company. It doesn’t magically put money in the bank. CCE only has money inthe bank if ‘we’ fund them (for what?!). ENEL took thewir money back I thinkand I doubt they’ll “invest” in CCE after this debacle. They’ve probablyrealised that CCE has no valuable IP and are ecstatic to have their money back!
You say it could be 12-18 months before something is in thewater. What the …?! There is ZERO chance that could happen - ZERO!
CCE have _nothing_designed let alone ready for procurement and construction, let alone in the waterin 12-18 months! I challenge CCE to state they can build _anything_ in the next five years! They don’thave the design or the funds and if they do they should tell us all about it butthey wont and their best excuse is “commercially sensitive” (like they have anycommercial exposure or potential at all!).
Albany is NOT “still a prospect”. That is dead and buried.If they state Albany is an option Alannah MacTiernan will be ropable. They havebadly damaged her reputation and credibility - Davidson and Ottaviano have made her look like a smitten fool. The whole Albany project is atrisk, not just the parts that CCE was awarded.
Garden Island. The place where they put a system, thatworked a little bit, but they never published any verified facts (“commerciallysensitive” – what a joke). Where there is _nothing_ running (no CETO, no powerstation, no desalination – NOTHING!). What licenses are you referring to? (Inthe interests of proper disclosure) How long is their contract and what arethey worth? Do you know anything about this – no one does!
Mauritius and Cornwell?! Again – What the…?! Brexit?! Wow.Lets be clear – CCE is not thinking about Brexit! It hasn’t got a singleworking, cost-effective IDEA let alone worrying about islands and Brexit! Wavemonitoring bouy in Mauritius – no! And if they did (which they don’t) how isthat even slightly linked to turning the totally conceptual and absolutelyunproven idea of wave power into something that will be built and soldprofitably, into a return for us – the shareholders?
Rename the company… I have so many ideas on this one –maybe a new thread? How about less man hours spent on ‘branding’and a new name and more on planning and detail?
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