Ann: Wave Energy Prize Registration Update, page-30

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22/07/15

10:42

Post #: 15673008
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Originally posted by teeskay ↑

No worries. I've been involved directly in capital raising and public listed companies before (listing, recapitalisation, and in management). I have won some and lost some. Luckily won more than lost but it's a tough call sometimes.

I don't believe SHE is a losing stock. We've seen similar events in the past couple of months of price retracing and fluctuations. Technically the Protean technology appears sound and has potential, the key is being able to monetize on a small enough scale, to ramp things up, and not running out of money or willing investors before either of those happens.

Key SP drivers will be the successful settlement of the Korean share swap, and further news from Protean. The selling pressure could be a combination of the following:

1) Market sentiment is poor currently
2) Selling pressure due to margin calls on blue-chip stocks due to the above poor market sentiment
3) Negative posters who are invested in competitive stocks on the thread giving short term traders the jitters
4) Short term traders gambling on the US/DOE prize giving a healthy run to 6c+, either too impatient or don't understand the wisdom behind pulling out of the prize
5) Major shareholders and professional market "wave makers" steering the share price (I have to be very careful how I word this)

As always my opinion only and please DYOR.

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I agree and would like to add that I regularly see strategic sell downs to allow money in the know an entry.
You watch this pop in a few weeks. And IMO.

SHE Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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