Bounces get harder when burdened with so many shares on issue as before a 1c gain ment XX million market cap rise now a 0.1c gain is the sane result.
Do a graph of the market cap of companies that issue lots and see what dilution looks like.
Add in the inflation rate
Add in the opportunity cost of being invested .
That starts to show a clearer picture of just how much $ have been burnt.
So lets say CCE can now execute a viable business . How will shareholders benefit as the $ will be put into wave buoy. You would have to be a true believer in the current circumstance of wave energy . If it was a mine you would want a feasibility study. Just how many island nations that can't use alternative need it? How many units needed etc where it has a clear advantage and is economical. Total cost of ownership for a object in the harsh ocean with moving parts compared to solar panels as a example?
I guess there is alot of welded on holders who will wait for wave and management has a problem as they have to keep developing it to keep em. Without it they are just another small design install and run solar interrogator company and not interesting as upside is only contracts they can get not the wave dream.
CCE Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
