I posted about 18 months ago on this stock asking exactly those...

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sharks37

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19/05/17

12:19

Post #: 24792927
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Originally posted by bugle call ↑

Cant fault you on your logic here, lots of unanswered questions, in particular I have in relation to what happened days/weeks after Protean was dropped into Bunbury harbor.

Ever since that point in time, everything seemed to change - personnel, future company objectives, measurement and verification methodology, heck - even the basic configuration of the buoys - now formatted in a "pod" array with a centralized PTO unit, as opposed to Sean's hexagonal clustering.

That said, some form of evolution in design was (IMO) inevitable - only have a look at other WEC developers locally to see what challenges there are in a marine environment. (Plus respecting some basic laws of physics )

One plus though - renewables ARE the future for clean energy on this planet - so having a crack at several different forms given global trends isn't a flawed approach - just depends how you manage and exploit the trend.

GLTA

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I posted about 18 months ago on this stock asking exactly those kinds of questions, and was heckled by a few as a downramper so stopped posting. Have followed with interest in silence to see if I was wrong and the technology is viable - sad to see for investors that the company hasn't been able to make a go of it. Good luck if you're hanging in there.

Cheers, Sharks.

POW Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
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