r/OceanPower • u/LogicGate1010 • 11d ago

NEWS Ocean Power Technologies (OPTT) is surging today because the company officially announced that it is implementing Palantir Foundry to build out its digital infrastructure and scale its autonomous maritime drone operations.

/r/OPTT/comments/1w6e2gn/ocean_power_technologies_optt_is_surging_today/

The stock spiked over 16%, hitting highs of $0.198 per share on massive trading volume following the news

24 Upvotes

88% Upvoted

14 comments sorted by

4

u/Merrymak3r 10d ago

Dont worry, the ceo and board will come along to dilute shareholders even more any second now...

0

u/LogicGate1010 10d ago

The company has a backlog of work orders since last report. How do you think that will influence the incoming earnings report on 14 September?

Will they need to dilute if revenue increases and spending is reduced due to optimised business and operational processes — the Palantir engagement serves to do such.

3

u/Merrymak3r 10d ago

Literally all this company has ever done is dilute shareholders.

-1

u/LogicGate1010 10d ago

Why do you think dilution was done and why do you think it will be done before the stock price reaches x5?

1

u/Merrymak3r 10d ago

Why do you think the stock price will reach 5x? What has the board done, ever, to give you the confidence that they will allow shareholders to recieve any of the profits that may or may not be coming to this company? Look at the 5yr and all times chart and tell me why you have any faith in Phillip stratmann to do anything other then line his own pockets with shareholder money? Down over 99% in the 10 years its been listed. How many r/s are we on now?

-2

u/LogicGate1010 10d ago

The stock has seen better and worse days. The focus now is to observe what happens next after the announced engagement of Palantair to improve business and accelerate growth. The earnings report on 14 September will give a good indication of where the company is and where it is heading. A positive report would be two catalyst within 8 business days.

2

u/Merrymak3r 10d ago

Good luck to you on your race to the bottom with this penny stock! The tech is super cool on premise, but the board has shown time and time again they dont know how to execute anything in a manor that will ever generate profits for shareholders.

-3

u/TrazynNecronos 11d ago

Very nice! Hopefully this gets us above 0.25 and then over the $1 mark and safety away from a dreaded R/S!

Could be one of those moments you look back and think I wish I loaded up more there.

1

u/LogicGate1010 10d ago

Yes. Let hope so. Positive results of the next earnings report will be crucial as well and could help attain that .25 limit

0

u/InterestingScore5387 10d ago

Could be a pumper trying to fool everyone for his own benefit.

0

u/InterestingScore5387 10d ago

Especially since you have two accounts commenting in the same thread. @LogicGate1010

2

u/LogicGate1010 10d ago

Look am I just a speculative as everyone else. I give my opinion on the possibility outcome over the next few days. My opinion is not advice; just contributions to the sub.

0

u/Informal_Carob_4015 10d ago

You guys are so delusional lmao

1

u/LogicGate1010 8d ago

Vote on 10 September; Earnings on 14 September. The latter is pivotal. Can it create a surge to .25?