POW 0.00% 0.8¢ protean energy limited

Ann: Bunbury Demonstration Wave Energy Farm Update-POW.AX, page-13

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  1. 143 Posts.
    lightbulb Created with Sketch. 7
    Rubbish indeed.

    I think the market is savaging POW today because essentially people were locked out of trading for two days on nothing news. It's not negative news, it's not positive news, it's "tell us something we don't know" news.

    This is in addition to be locked out of trading for about three months due to the capital raising.

    Imo if there was no trading halt and the announcement just came out as normal the price wouldn't have fallen. It would have been stable or increased. Such a rookie error.
 
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