CWE carnegie wave energy limited

CorPower Ocean, page-8

  1. 385 Posts.
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    Do they have to? Satisfy the market.

    They have cash in the bank, an updated version of CETO to work on, and bring into production, and can fly under the radar, in spite of our angst here on Hotcopper, for quite some time, just as things are. They don't need anyone who is not already a shareholder to actually buy shares at the moment.

    And, the trend may be turning UP. Maybe?

    So, while things stay on steady keel they do not need anything to change, just yet.

    But, if someone looks like snapping up a lot of shares they might see that as a risk emerging, and then feel the need to persuade shareholders and others that they are on to something good. That would be the perfect time to release information and data that supports strong positive market sentiment, and thus persuade existing shareholders that they should hang on to their shares. They might also feel the need to put some support under the share price if sellers come to the fore at lower prices and the trend turns down. That could be done by releasing some information on performance and output of the CETO 5 units.

    I would be pretty confident that MO and Mike Fitzpatrick do not want to let their shares go at current prices or lower prices. Their expectations would be much higher than current prices. The big difference is that they know if they have a future market leading technology, and have a much better appreciation of what is required to bring that technology to market and get market attention.

    It is still a waiting game.
 
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