why haven't the company updated us on the last buoy being delivered to the Coast Guard? When asked about it on the earnings call they seemed hesitant in awnsering but said it was on time for july. Well we are almost in the middle of August with no update. They did update us on the WAM V delivery which was after the buoy. such bs...
Did $optt deliver the 4th buoy? They were suppose to deliver it by July. On the earnings call when asked they said it was still scheduled to be delivered on time but he did sound hesitant answering the question. Also, I’m surprised they didn’t put out a PR for it considering they put out a PR for delivering the latest wam-v. Completing the order for coast guard is way more important than delivering 1 wam-v. If they fail to deliver this last buoy on time that can wipe out the stock momentum and possible screw up future orders for coast guard.
I am new here and new to $optt. Been holding less than a year and like everybody here completely unhappy with the way leadership has managed the company and failed to deliver. I found the earnings call yesterday to be extremely underwhelming and lacked enthusiasm. The only reason I am still holding is due to the Coast Guard deal with Anduril. $optt released good press stating that they were seeing positive results from what they have already deployed. The technology seems awesome and there isn't many competitors out there. The fact that they teamed up with Anduril on this is huge. Now we all know the company is facing financial issues and the their last offering of 10m wiped out the stock. It was trading at .43 and just sank to .25 immediately after.
With that being said if their results were promising and this tech isn't available else where; do you find it odd that Anduril hasn't jumped on a chance to either invest into $optt or completely purchase them? Personally I am more intrigued by what does Anduril think about the power buoys than the coast guard. Anduril has a town of cash and they just won a 200b contract with the Army to deploy lattice systems. If Anduril sees these Power Buoys as a technical niche edge to have a self sustained maritime lattice system then why didn't they step in and try to purchase $optt? This would be a very small purchase compared to the amount of cash the company holds. Also, Palmer started Erebor Bank specifically to fund tech startups because he knows how hard it is for them to raise money.
So if the results were that positive, why did Phil not go to Anduril or to Palmer's bank and propose some financial options? Instead they only raised 10m and instantly brought the stock down to delisting zone underneath .25. The stock was also rebounding at the time. This offering really screwed the stock + the shitty earnings we are now trading at .15. THIS SEEMS CRAZY! To think you a partnering with one of the most cash rich players in the defense sector and the their owner started a bank for startups; you felt the need to dilute shareholders? If Anduril sees these buoys as crucial hardware that provides them a edge to deploy lattice im surprised they haven't jumped all over a merger or some sort of investment. I think Phil dropped the ball here, OR .... Anduril doesn't find the Buoys useful and won't extend partnering with $optt beyond the 4th buoy. What do you guys think would love to hear