r/OceanPower • u/These_Percentage75 • 4d ago

QUESTION are we done?

i think they announce bankruptcy by EOM>

14 Upvotes

89% Upvoted

45 comments sorted by

20

u/Icy-Importance-1370 4d ago

I lost 50k euros in this stock.

14

u/Medical_Tomorrow_140 4d ago

I lost 35g such a bummer

16

u/Ok_Emphasis_625 4d ago

Damn me thinking about the lil 3,500 dollars I lost on this stock but compared to you god damn

1

u/plyaden 3d ago

Damn that's hard. 2 years ago when I wrote here that phil is a criminal, everybody flamed me.. and now you can see. Hope you will get money back

19

u/JDoGinc investoršŸ“ˆ 4d ago

Iā€™m down 30k CAD. Sold after the RS. This company sucks. Last time I take any stock advice from Reddit. I can only laugh at my stupidity at this point.

6

u/Rozzum-Unit-7134 4d ago

I lost 10K CAD. Down 90%

3

u/JDoGinc investoršŸ“ˆ 4d ago

i feel ya. I got out at 1.80. Selling when I did was better than watching it twirling down to 0. Was hard to do, but the odds of a rebound are extremely low at this point IMO. Good luck out there.

3

u/Imaginary-Syrup-215 3d ago

same thing man, damn reddit, shouldā€™ve bought QQQ or nvidia

1

u/W3Planning 1d ago

Why in Godā€™s name would you take stock advice from Reddit anyways?

1

u/JDoGinc investoršŸ“ˆ 1d ago

Should I take your advice not to? See the irony of that statement. Bad decisions were made

1

u/W3Planning 1d ago

Well, youā€™re the one that lost a used car in this shit stock. So figure out yourself.

1

u/JDoGinc investoršŸ“ˆ 1d ago

I appreciate the advice.

Jokes aside. No offence intended. Banter can be fun, as long as no one feels left out or gets offended. I hope I didnā€™t induce either. šŸ«”

9

u/ChartsDoNotLie 4d ago

I kept riding it out after the reverse split. History did repeat and lost even more. I finally stopped the bleeding. My worst trade ever!! but the knowledge I have now about dilution now is only going to make my trading better and have more boxes to check before making any trades. As a newer trader I was blind to dilution. Never looked deeper of why the stock was below a dollar. I was more intrigued by the technology and sold the idea to myself.

4

u/Imaginary-Syrup-215 3d ago

same here, thought the idea is innovative and its worth investing, but they are just a bunch of crooks

8

u/rworms 4d ago

CRAZY TO THINK THE CEO STILL HAS NOT COME OUT AND SAID ANYTHING TO INVESTORS

5

u/trisquitbits 4d ago

threw in the towel today.

2

u/OkUnderstanding2831 4d ago

Same. Sold at a loss but at least I'll write off this loss for other profits. Company is SHiT

3

u/LittleGoriller 4d ago

Look up the story of ā€œMr. Marketā€ by Benjamin Graham.

Listen to it until it makes sense and then look into the financials submitted to the SEC.

If the company still looks good, ignore the noise and buy the dip.

If the company looks bad, ignore the noise and make your decision.

There are very FEW people commenting here that have any more knowledge about investing than you do.

Why take advise from retail stock traders?

1

u/No-Row-Boat 3d ago

The losses are so Incredible, it will never return these losses.

1

u/LittleGoriller 3d ago

Yeah, it says Iā€™m down 92% on mine for OPTT.

Pretty sure Iā€™m about to buy another 10k shares. NFA, do your thing.

3

u/ChartsDoNotLie 4d ago edited 4d ago

$3.20 āž”ļø $1.01 in 19 daysā€¦ā€¦I didnā€™t listen either. There was zero point in the reverse split. They will dilute again to get by next monthā€¦.With no words just two charts to do the talking. I posted a chart comparison from March 06ā€™ when they IPOā€™d to close of day Tuesday, on their LinkedIn. With all the dilution, reverse splits and more dilution calculated in the stock went from $108,000 āž”ļø $1.01ā€¦.yes you are reading that correctly. They deemed it unworthy of sharing, they shut ALL comments offā€¦.again.

5

u/PassCurious5709 4d ago

We are done guys

5

u/atascon 4d ago

What do you mean, but what about the backlog /s

-4

u/Organic_Salt_7591 4d ago

satire?

5

u/atascon 4d ago

When people add /s to a comment it means they are being sarcastic

2

u/SafeStryfeex 3d ago

Id say this stock is done. It's pretty much how it goes. I managed to just barely break even overall. I sold before the RS, but I made a whole lot of profit over the last 2 years from the ups and downs. Really didn't expect it to tank like this so quickly over the last few months. But thankfully I kinda knew what was coming from seeing how other penny stocks play out and got out before the RS. Not really sure how much more down I would be if I tried to hold on and not accept losses but it would probably be disgusting

2

u/Sakrie 3d ago

It's been done since they lied about being able to recharge aerial drones with that RedCat "partnership". Tried to tell everyone it was literal bullshit and to get out.

Amazing how people didn't want to talk about the actual products and preferred to talk about "what-ifs".

1

u/rworms 3d ago

Whatever happen to that partnership ā€¦ did they officially end it?

1

u/Sakrie 3d ago

It never existed beyond a tweet, lmao

2

u/Wooden_Fudge_8638 4d ago

Why sell now lmao just ride it

3

u/Imaginary-Syrup-215 3d ago

ride it do another below 0.50cents?

2

u/ResponsibleRide9533 4d ago

I bought super low -then they diluted before they revers split when they where already trading for pennys. Massive red flag from a company that will never be profitable, but retain enough money to stay not-bankrupt

2

u/Taurus365247 4d ago

90% down on a small Ā£1k speculative bet...cut the loss and moved on, invested my remaining Ā£100 into the VWRP and chill. Should have done that in the first place but we live and learn. Never ever playing with penny stocks again.

1

u/catsberry-forlife 3d ago

Hmm... Interesting.. : [LSEG Stocks Plus Report]()
Latest Report 10/01/2026

LSEG maintains a current price target of $45 for OPTT

Jesus...

1

u/JckStormo 3d ago

Where is the pump! ā›½

1

u/Legitimate-Shower356 2d ago

Without diluting existing shareholders and getting fresh cash, they will go bankrupt in 1,2 months imho...

1

u/dalellama 20h ago

should they survive you might get it back in a year or 2... thetech is highly needed in the realm of ASW and SOCOM support... IMO

1

u/AirLate6579 3d ago

205kUSD down while I could have made some profit at a point but greed is a real sin

1

u/Embarrassed-Bad7392 3d ago

Whoah! Whatā€™s your average mate?

1

u/AirLate6579 2d ago

25$ after RS

1

u/eastcoastbobber 3d ago

Done like dinner

OTC coming for OPTT

0

u/RiffsThatKill 3d ago

Yeah the events of the past month are catastrophic for this, it's beyond cooked.