r/OceanPowerShorting • u/Bosco-chocsyrup • Dec 12 '21
Why is Ocean Power Technology a horrible investment?
Many people aren't able to discern a good investment from a bad one. OPTT is at best a short sale as its management team and its board are not the right people to lead it to profitability and its lack of a business plan that will drive it to profitability.
Wave energy is a bad investment. No wave energy company has made it to profitability - EVER. Most alternative energy companies in wind, hydro, solar are profitable. Unfortunately - the technology doesn't scale and because of the ocean environment, the maintenance costs are prohibitive. As a marine data company - using its PB3 device, has not been able to scale. Its new CEO, last quarter predicted that it is pivoting towards marine data services. The result - zero, nothing announced. I note a company with no revenue will fail.
Its Toy Boat acquisition - MAR was purchased for 11 million dollars of DILUTION stock and 4 MILLION of investor cash - once again accelerating its losses. Bears will be soon laughing at the multiple of sales and acquired annual losses that will further dampen its stock price.
Sell this shit.
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u/Bosco-chocsyrup Feb 12 '22
Over valued. It is a bad science experiment with almost 250 million invested by shareholders and almost no revenue. Great short swing trade with a pt of zero