POW 0.00% 0.8¢ protean energy limited

Ann: Letter to Shareholders-POW.AX, page-10

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  1. 2,974 Posts.
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    Bugle
    In regards to the one bouy deployed, I have my doubts that there was any information gathered at all, for this reason,
    regardless of whether the results where good or bad, they have an absolute obligation to release those results to market, no different if they where drilling for gold,oil or any ore body, the results get announced.(good or bad)

    I am becoming more convinced each day that they threw the bouy overboard, took a few pictures and then retrieved it, could have used a yellow topped wheelly bin for all we know.

    The payouts and the $400,000 paid for the 30 bouy array is a complete joke, and for the new boss telling us that no further manufacture of the buoys is taking place, confirms that the $400,000 payment should never have been paid and should be refunded to the company as the contract was never fulfilled .

    Real truth from the new boss would/should state the facts surrounding these transactions and the true results, if any of the so called "wave farm deployment.

    All my option and all that etc etc
 
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