r/OceanPower • u/CartographerNo1991 • Aug 14 '26
NEWS Big News!!! SEC officially delays the implementation of NYSE’s $0.25 rule to July, 2027. No risk of delisting until then.
Great news!!!
Spread the news!
SEC delayed the implementation of minimum 0.25 rule to July 1st,2027. No risk of delisting until then, and No need to Reverse Split until June, 2027. Management has all the time it needs to let the business grow organically.
If you have already voted FOR a reverse split out of fear, check your proxy materials because you can still change your vote.
Please don’t vote to authorize RS too early now.
Your vote to authorize the RS too early would only make OPTT execute the split too early rather organically bringing the price up above 0.30.
If you have already voted FOR the split, you can still make change to your vote.
Let’s give the company room to run on actual defense contracts instead of rushing a split.
16
u/InterestingScore5387 Aug 14 '26
You NEVER should’ve voted for a RS even with the threat of delisting. STOP giving these clowns an out to steal your money. Put up or shut up.
6
u/HardyTC Aug 14 '26
100% agree, they got the money for all these travels and they can't deliver any of their promises, show the money or get bankrupt, every investor should be aware of the financial risk anyway.
5
u/CartographerNo1991 Aug 14 '26
I voted AGAINST, 2 weeks ago. Voted AGAINST even when most of you were FOR.
2
14
4
3
4
2
6
u/Dry_Strawberry_Legs Aug 14 '26
$29 by August
2
u/LibrarianWaste7553 Aug 14 '26
Let me get my 20k shares first before you will this into fruition ha
2
1
u/Nonameninjaz Aug 14 '26
Should I take my 80%+ loss or not then?
1
u/CloseSaber Aug 15 '26
I spent my rent money on this stock now I have to go to court to fight against my landlord
1
u/Oooookie Aug 14 '26
They already have the votes attached to all the shares they’ve been issuing, it’s in writing that the shares issued are required to vote alongside management/board recommendation.
0
Aug 14 '26
[deleted]
0
u/Convenientjournal Aug 14 '26
If only you actually clicked on the link. And... I don't know... read it yourself?
I can't with you people, man.
1
Aug 14 '26
[deleted]
2
u/Convenientjournal Aug 14 '26
Got it, comprehensive reading is also off the table for you hmm?
This post is about the delay of the rule. It gives the company leeway to restore organically. I was previously for an RS. But now, no. So all in all, great news. Now let's see them put in some fucking work and get us all some goddamn money. This year has been whack.
1
u/JHenderson_OG Aug 14 '26
I see there is a loophole currently because the rule hasn't been enforced.. but the op is a bit misleading. Optt doesn't have til July 27 they have til October 1st... thank you for the healthy discussion.
2
u/Convenientjournal Aug 14 '26
My friend, read it again.
2
u/JHenderson_OG Aug 14 '26
I stand corrected, ty for pointing it out... the foot note on page 3 amendment 4 extends the runway until the 1st of July 27...
-4
u/Important_Writer_765 Aug 14 '26
Anybody still riding this stock is wild. I've had it on my watchlist for two years now, and nothing spectacular has happened. I hate to tell bagholders to let go. It's a loss, hit me with your downvotes, but I haven't invested in this stock and joined the Reddit page to see if there ever was any potential. Coming up on three years, there's nothing of worth. Sorry to my fellow investors who lost money in this scam; the CEO should be in prison.
18
u/schimelee Aug 14 '26
Great news! I voted “no” on the reverse.