OPTT THE WAVE OF THE FUTURE
September 30, 2011
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RELATED TICKERS: OPTT
Alot of investors have been hating on OPTT, saying things such as that they are running through their cash to fast, that they have an idea that wont really produce enough energy to really become something. Im here to say that both observations ARE WRONG!
Yes they may be running through cash heavily, but this company is being protected by some very very big body guards (Australia, Japan, New Zealand, US (especially hawaiian state goverment)). The thing that makes me shocked is that this huge stock share fall out occured after they announced that they would be teaming with Lockheed Martin on working on some of these ocean wave energy creating buoys off the coast of Oregon. I dont think people remember the fact that Japan had a mega earthquake and tsunami and are looking for a newer, safer method of creating power. Well folks, this company is it.
During the hurricane that hit the east coast a couple months ago, none of their power buoys were damaged, and these buoys produced normal rates of electricity during the storm. What makes these super cool devices as well is they have built in sonar, tempurature readings of the ocean, advanced tsunami detection and warning systems, and they dont damage the fishing population while creating energy, rather the contrary. These buoys actually help the population of fish, giving them a man made reef for fish to swim around and make their homes.
I think the company will be expanding, and helping countries like Japan, Australia, US, New Zealand for many years to come. They also have very little debt what so ever! Its a good product, the only question that lies is is managment good enough to take this product places that it needs to go, or is the safer bet to have someone like Exxon buy them out, slap Exxon stickers on these devices and turn it into a multi-billion dollar company. Either way, investing in this company ESPECIALLY at a price below 3.00 is a gimmie investment.
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