Successful Ocean Testing!, page-11

Don't get me wrong:

(a) I have an appetite for risk - I've invested in plenty of spec stocks. And trade (short term, purely on TA) spec stocks all the time (and for stocks I trade I wouldn't bother asking so many questions - its all about the chart). Spec stocks are by their nature a risky proposition and I accept that because I am seeking the higher ROI they can deliver (i.e. the 1 or 2 in 10 that are successful). But its because the other 8 or 9 won't be successful that you are supposed to do your due diligence, and have a risk mitigation plan (equity allocation criteria, entry/exit strategy, investment timeframe, success achievement milestone criteria, etc).

(b) As stated I am interested in wave energy tech as one of several renewable energy technologies (because it is not as advanced commercially as say solar and wind, and conceptually I'd like to see more diversification in renewable resources than just wind and solar), and of what I've seen, I like Protean's WEC technology conceptually (small unit size, scale-able, transportable, ease of maintenance, etc), compared to for example Carnegie's CETO technology - I just think those much larger devices are too unwieldy and will not deliver the unit economics kW for kW.

So Bugle Call, you are right, its too early for me to invest in SHE not because I don't have a risk appetite, but because imo there isn't enough data yet for it to fit within the risk mitigation criteria of my investment framework.

Cheers, Sharks.