Hi teeskay Yes the announcement on the buy in by such a big...

Hi teeskay

Yes the announcement on the buy in by such a big player in Korea is fantastic and perhaps lays a solid foundation for what could IMO turn out to be a $Billion dollar high grade vertically integrated resource project.

On the SP, given the excellent recent news the downward pressure may be coming from some holders speculating that the capital raising offer at 4c will cause the SP to slip below this price, as it often does with stop losses etc. IMO I expect the share price to bounce back strongly.

There is a fair number of performance shares out there for Sean Moore if Moore Commerce can get a 500 kilowatt or greater facility operating or a big licencing or funding facility comes into play by 2017. Now he is being offered even more if the market cap increases by %100 and above post relisting. This is an excellent incentive for Sean as all going well he'll then have a respectable percentage of Protean Wave Energy Limited and additional 5% share of net profits for each facility.

None of us have speculated much about how interesting this company could become to bigger players overseas if we can get a facility operating commercially and/or the Korean project becomes commercial. IMO if we get a takeover offer based upon the manufacturing and licencing potentials of a commercially operating Protean Wave Energy Farm or the value of a vertically integrated energy project in Korea, hold on to your seats!

All IMO

Best wishes to all holders.

Regards,

Chilloutman