I have a better idea -
In the Appendix D they show Net Tangible asset backing 0 0.42 cents per share (I guess they have written it right and I am reading it right). Rather than continue trading at a loss why doesn't the company try to sell the whole box and dice (including their $83.5 mil Accumulated Losses to date as an added incentive)for say .40cents or .30 cents , or even .20cents and payout to the shareholders.
That would be win win outcome for all SH. The only negative is MR MO would stop earning his inflated salary!!
I am sure there is a large corporate out there with deep pockets that would fast track the evolution of Ceto 6, 7, 8 and commercialise the wave energy concept.
Cant see the SP reaching the above levels anytime soon ?
CCE Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
