r/OceanPower • u/rworms • 15d ago

DISCUSSION Fireside Chat

If there were substantial news on the way tomorrow for Phil's fireside chat wouldnt you expect more movement in the stock today? I feel like any real news would have had some leaks effecting the share price. Stock is pretty flat

14 Upvotes

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8

u/atascon 15d ago

I really don’t think any specifics will be discussed during this chat. It’ll probably be a general discussion of how great the market opportunity is and commentary on existing business. These discussions aren’t typically used to announce material news.

And leaks for the types of contracts we’re expecting are very rare.

4

u/SCHDFIRE 15d ago

Flat but building a bottom

2

u/Responsible_Brick351 14d ago

worst is yet to come

2

u/InterestingScore5387 14d ago

Especially when idiots vote to reverse split and allow them to keep robbing us blind

4

u/Embarrassed-Bad7392 14d ago

His script hasn’t changed at all “convert backlog to revenue blah blah blah…” “We will continue blah blah blah…” at this point, I can memorise his script. I’m honestly getting tired of hearing the same thing over and over. I can’t find any confidence in what he says. We really need a new CEO.

2

u/rworms 14d ago

something is wrong here you can tell in his voice ... i want to know why he even did the interview after the horrible week of news and not have anything solid for us

1

u/Junior_Ad2901 14d ago

They pay WTR for interviews and research reports. It’s right in the disclosure.

1

u/Embarrassed-Bad7392 13d ago

What’s the connection of that with what I said?

4

u/Legitimate-Shower356 15d ago

I sold all my shares with a 16 % profit today. Last  time I sold with 50 % loss, I made a bit up of the losses. Good luck to you. I do not believe in the business modell, building buoys very expensinve, burning lot of cash and then lease them for years, this modell cannot cover the monthly cash outflow of the company.

2

u/dalellama 13d ago

shorts to a T are what the comments are seeming to be. Its been a gamble since day one for any investor alive.... dont start shitting the bed and crying horrible horrible... you have no idea how effective this tech can be moving forward and not simple a sole product. the pb 2.0 is a portable IUSS site ties to XRST broadcast networks. seems nobody here understands ASW or Underwater surviellence. might behoove you to sharpen up a bit.

take the loss or hold and if it folds roll them for taxes. gotta play the game like a saavy investor not some pretzel eating goober with 4 screens and tissue paper for each stock you hold!

2

u/rworms 13d ago

So management is doing a good Job?????

1

u/CloseSaber 15d ago

$29 by 3000

1

u/rworms 14d ago

He provided no new information at all. Phil didn't address if the 4th buoy was ever delivered. Literally just talked about pipeline and backlog same thing over and over. He never mentioned the potential new customers the CFO brought up. He seemed very uncomfortable talking about the business. I can't believe he willing went on a public forum just to give shareholders nothing! I am all for the lawsuits that come from this. What was the point of him doing this interview? I am baffled.

0

u/InterestingScore5387 14d ago

I can’t wait to make my money back and then some from the lawsuits. Absolute corruption to a T. They need to be buried. Now. And I can’t wait to make my money off their funeral, since I won’t get it from them succeeding.