exciting potential but still some questions, page-3

Taken from the presentation released today.

CETO Technology owner & developer
Zero Debt
$8,000,000 Cash
$12,500,000 WA Govt Grant
$90m market capitalisation
797m shares on issue
65m unlisted options
Volume: (~$100,000/day)
25 staff
Headquarters in West Perth, WA
Wave Energy Facility in Fremantle, WA

I to believe that this tech has the potential to make a real impact on the worlds reliance on Fossils and the whole Greenhouse debate. There are so many positives for wave energy and I truly believe that this tech stands head and shoulders above the rest.
Why is the price languishing where it is?
Could be that people bought in on the assumption that CWE would receive the Aus govt grant of some 60ml and it didnt, therefore they are jaded?
Could be that people do not want to wait through the initial commercial stages of deployment?

I really dont know why the price is where it is. I think its definitely a share for the investor rather than the trader, however I would guess that if they announce another commercial op in the northern hemi, the price will pop. What they need is another deal like they announced with Investec before they failed to get the Aus govt grant. (which still rubs me the wrong way mind you)

All of the above is just my opinion by the way.
Do with it what you will.