the announcement for this came through in the format of 'a letter to shareholders'
http://www.asx.com.au//asxpdf/20160824/pdf/439kzg8x7r0q93.pdf
WEC and wave energy is still mentioned during the corporate presentation months later
http://www.asx.com.au//asxpdf/20161104/pdf/43cn055b2lptgk.pdf
After a name change a month later we re-release our corporate presentation, and allude to solar in the last pages
http://www.asx.com.au//asxpdf/20161223/pdf/43dz1bbsmgsswn.pdf
Half yearly tells us we're still testing the WEC and it is going well, mention of Retail Licence Exemption for Solar Power Purchasing- that should have been on market separate announcement.
http://www.asx.com.au//asxpdf/20170301/pdf/43gg9k8nbd5h1v.pdf
We now have no project, and we're looking for one?? 4 months after we reported WEC was going well and 7 months after we were granted the RLE in WA. AND! 4 months after we had a few throw away lines in an annual report that said work was being done to near term commercialise the solar options
http://www.asx.com.au//asxpdf/20170727/pdf/43kx506lcr3hgt.pdf
And then there is this reporting period. Cut and paste for most of the activities announcements that are about 5 paragraphs. 3 of which are summaries for the KORID/KEPCO alliance announcements.
http://www.asx.com.au//asxpdf/20170831/pdf/43lz6dwgjykxhb.pdf
There may be a whirlwind of paperwork and patent filing for all we know and we might very well be on the precipice of a contract negotiation that will help us generate revenue to years to come. But with the lack of announcements you'd never know.
The lack of positive tonal language doesn't offer me any excitement either.
Lack of communication leads to a lack of trust. A lack of trust for a small/micro cap can be fatal.
I went a bit off the reservation there, but i believe if they got back to reporting what they were doing, good or bad and had the single focus instead of running in every direction they'd be back to decent levels again.
Who knows,
M.
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