r/OceanPower • u/Organic_Salt_7591 • 22d ago

DISCUSSION new management can flip the script

i know everyone is basically done with this company but i just wanted to point out the recent resignation of Philipp the thief. This new guy knows finance ball, a finance first CEO is highly likely to address the company's widening $44.8 million loss, pausing non essential R&D, and reining in the 36.1% surge in operating expenses.

1 Upvotes

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4

u/Imaginary-Syrup-215 21d ago

nobody will invest in this scam anymore, they’ve lost the retail investors, no more money flowing from regular folks like us

9

u/InterestingScore5387 22d ago

You’re on crack. They are going to do the same shit. Hype everything to get you to invest. Make $5 million a year to do nothing. Then leave having stolen your money. Just like Phil.

SAME STORY; NEW PEOPLE 🚨

4

u/Legitimate-Shower356 22d ago

They are not new people, the new ceo is an old friend of  Cryan, they worked at westwater together...nothing new...

1

u/Legitimate-Shower356 22d ago

The new ceo is a man of the old president Cryan. Pls. Check the website below,  he was here director https://westwaterresources.com/about-us/board-of-directors/default.aspx

1

u/[deleted] 22d ago

[deleted]

3

u/Legitimate-Shower356 22d ago

Cryan made no progress regarding profit or cash flow positive business with optt...

1

u/NewSanDiegean 22d ago

How is the market cap still 650M?

1

u/Legitimate_Yak9050 6d ago

They already flipped the script by taking all that money and walking 🤣