Take it from me, a long suffering CWE shareholder - If SHE doesn't find its fortune by other means and relies on wave power, it will drop to 1c, probably lower, before it gets commercialised in 10 years time - minimum.
So if you're a trader, go for your life, have a play until then. If you're a lucky green stock enthusiast (or anyone else) who has ridden it up from lower than 4c, my suggestion is take your profit, do something else with your money and have another look in 5-7yrs. You'll be able to buy a lot more than you currently own. If you bought near or above 4c and think this is a long term bottom- sell, sell sell. Sure, the traders or some random announcement might temporarily spike the price- or not. But over the long term, what do you think will happen to the price as they raise 100mill to develop the tech?
If you are in any doubt, go check out the CWE thread circa 2007. There you'll find me and many others, much like yourselves are now, talking absolute nonsense - as the shareprice rose from 3c to 48c - and we're back at 4.5c now!
That's despite everything (mostly - in a broad sense) going right for CWE - and they've managed to raise the required money.
If wave energy is the answer to SHE's future, you will have less money in 5-7 years time than you do today.
See you in 5, maybe 7 years time! I might buy your shares then. Good luck.
Ps- I have no idea what else the company does. Just talking about wave power.
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