TakeThe$$$ - Do you read what is written in formal releases or posts or by other hot copper members? Previously you specifically have espoused misinformation and down ramping sounding statements repeatedly and some have been reported - like the one previously.
I suspect you have been burnt badly and are angrily making statements to get back at your lack of foresight or exit strategy and it can in a limited way affect other investors adversely. People are lazy and some will see rants or misinformation and act upon it - in low volume times this can be damaging. With media now running stories you hope they are acting openly and objectively and it is not the result of being burnt by collapsing SP. obviously media latch onto the worst information and run with it as it is dramatic - in some cases causing hysteria and pandemonium. In LA march 2014 I was watching the news and the way the local news was reporting the ensuing storm I was thinking it was 3feet of water about to wash us away rather than the inch they were predicting over the next 24hrs. Note: a 25mm rain shower in LA can cause slips and minor flooding.
FYI - i am not supporting a capital raise I have in the distant past acquired some via a CR but will not be in future as my financial situation is substantively different now vs the past (cce has impacted my cash on hand significantly). I was saying that CR maybe an option for finance as price is low and people are greedy. A lot of investors are institutional and criteria for investing are different to day traders etc. and people who talk on here. If govt is supportive of CcE in the coming weeks and the EMC Smear can be wiped away. Things may make a turn for the better. There are a lot of guys who are still hopeful as the value is the ceto tech and that development is being progressed - the recent scale test obviously looked promising or there would have been a hold/ review and redesign (which there hasn’t been to my knowledge).
Wishing me (and others) ill-fortunate (I assume because you were burned) is pathetic...read the HC Terms or Use. I’ll leave it at that.
With regard to govt grants - companies with ideas can thrive and develop - some succeed and some don’t. Cce have been developing ceto for years through multiple governments who have all found the tech to be promising or they would have stopped payments. govt have checks and balances and are accountable at election time, so cce must have been doing something right. I don’t think MO or others would have the backing on their charisma or spin alone. The tech is feasible.
Ceto5 did produce power but it wasn’t viable in that form due to pipe losses. That caused a significant redesign to find efficiency (on board production - like a wind turbine - is probably a far better idea). There was a graph that showed figures but it wasn’t clear what it was showing. With regard to spin I doubt you will find any company that will openly say an idea is flawed, they will spin it, change the approach - perhaps that is what cce has done but I doubt they could fool the whole market (including the govt) continually.
I think the govt held up ceto6 due to their agenda for the Albany wave hub to some extent and the EMC hicough (disaster - where’s that Davidson character) has clearly impacted the company adversely. If we can get to 19/20 deployment and ceto works as intended then we may have a chance of recouping our funds.
10 years is probably and accurate timeframe - I’ve seen other projects that have had developments 10-15yrs and still goin, one tidal turbine idea in UK (Wales or Scotland - I forget which) was at 12yrs and govt kept providing them capital as they have a viable idea - like ceto is a viable idea. Does previous ceto iterations form that 10yr dev time or are you just talkin ceto6?
For you - the company is a joke. For others it’s an opportunity. I know I’ve got to recoup a lot to make any money but I am here for ceto and always have been, I hope I can hold out.
Invest what you can afford to lose and if you lose work out what you did wrong and try again. Start small and go from there. Hopefully you can have success. Take every piece of information even formal notices with a pinch of salt - do your research!!
