No- it is material as it confirms they are stuffed as opposed to being possibly stuffed. Bit of a binary decision for funding of development. Without Europwave I don't believe they have a means to finance any development? That is stuffed. really stuffed With Europwave they have some development financed and partners support etc to enable actually getting real world data and same for comparable devices . These decisions are very leaky IMO so glad they put a halt.
halt may also be because any possible finance arangement they have may be conditional on still participating in Europwave? Bank covenants?
Conclusion is with Europwave there is some upside opportunity of some value creation on a world stage that someone may finnace a buoy and CCE may be worth something. Without Europwave CCE is a company holding some IP which at this stage no one is paying them for - yep a university project nit a investable company.
Unless their IP can be used by a company prepared to pay for it long term and decent amount then they need $ raised IMO. With so many shares it it unlikely to be return to holders . Not investable IMo a sa 100% dillution will haveto happen again and possibly again and even then CCE will need a sucessfull ecconomic product that somone else is prepared tpo finance to build - this is a tough ask IMO
CCE Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
