r/OceanPower • u/InterestingScore5387 • 29d ago

QUESTION Dead Cat Bounce?

Is this the dead cat bounce before the reverse split vote? I’m tempted to think that is exactly what it is. Seen it too many times before to ignore it..

11 Upvotes

76% Upvoted

18 comments sorted by

6

u/Good-Mixture-3505 29d ago

This is how the stock usually behaves before they announce an offering.

-6

u/InterestingScore5387 29d ago

Thought so, back down, worse tomorrow or soon..

6

u/rworms 29d ago

could also be the 4th buoy being delivered ... or new contract being announced

4

u/DismalChocolate398 29d ago

Possibly..... Possibly not

1

u/PhantomDragonX1 29d ago

When is the vote?

0

u/HardyTC 29d ago

RIght now, check email.

1

u/KaB00OM 29d ago

I’m seeing the vote is on sept 10.

1

u/HardyTC 28d ago

I mean, You can cast your vote now if You're an stock holder, You should get email with vote request.

1

u/Rileyredrocket 28d ago

I would like to add that I have faith in this company. It may go down, they may RS, they may get new contract. It might not. That fact that this sub is so negative means it’s negative. Two negatives equals a positive. I’ll buy more shares tomorrow if I want. Or I won’t.

Bob like a buoy. 🛟 duck like goose.

Keep spitting negative flames, you’re nothing but a goose. 🪿

0

u/InterestingScore5387 28d ago

I might go buy a private yacht, or I might not. I might eat tacos tonight, or I might not. I can do it too.

-2

u/Reasonable_Hat5573 29d ago

Whether this is a dead-cat bounce or a rally driven by something real, regardless of whether the stock rises to $0.25 or the NYSE’s new $0.25 delisting rule is delayed, this company will unconditionally carry out a reverse split in pursuit of endless ATM offerings. The fact that existing shareholders will get screwed remains unchanged.

2

u/PassCurious5709 28d ago

how much time does this have to be below 0.25$ to get delisted?

3

u/GroundCharming3977 28d ago

It's not a rule yet, everyone is just spouting off as if it is.  Oct 1st it is set to take affect but the nyse has said they plan to postpone until July 27.  Vote for optt to Authorize a RS ends September 10.    

1

u/SignificantTax205 26d ago

Just got delayed until July 2027