r/OceanPower

This article looks at why autonomy may become one of the biggest pieces of the wave energy equation. Offshore wave energy arrays would need inspection, charging, maintenance, and repair in environments where ships are expensive, crews are limited, and the infrastructure itself is constantly moving.

Researchers at Oregon State are working on autonomous underwater vehicles that could dock with chargers attached to wave energy converters, even as waves and currents move the target around. That means solving sensing without GPS, Wi-Fi, or radio signals, while using sonar, cameras, acoustic beacons, inertial measurement, and onboard control systems to make decisions underwater.

Spent the last two weeks doing my due diligence and looking into every aspect of the company I can, and I gotta say, I think it's worth the risk. I don't see this popping off anytime soon, but at the current trajectory from right now, if they keep their current course I could see them being profitable eventually. Will I put my lofe savings into this bet? No. Will i put 500 every two weeks into this for the next few years and see what happens? I think I will do just that. Either way this goes, hello friends

I’ve been an OPTT shareholder for a long time, and this is the conclusion I’ve reached.

Ironically, I actually think the company may eventually succeed someday. They do seem to have a long-term vision, and they continue to develop products and pursue opportunities.

The problem is what it will cost current shareholders to get there.

At the company’s current pace of cash burn, I think reaching meaningful success would require raising well over $100 million more. That likely means years of additional offerings, repeated reverse splits, and continuous shareholder dilution. By the time the company finally becomes successful—if it ever does—the value of today’s shareholders’ positions could already be close to zero.

That’s why I no longer believe this company is an investment. It’s simply a vehicle for endless dilution.

Every quarter feels exactly the same. Another press release. Another announcement about marine security. Another government-related opportunity. Another optimistic presentation. Yet revenue remains tiny, losses continue, and the business still isn’t generating meaningful profits.

Meanwhile, management always seems to have enough money to attend conferences, exhibitions, and travel around the world while shareholders continue paying the price through dilution. It honestly feels like the company survives by selling more shares instead of selling enough products.

If the company asks shareholders to approve a reverse split at the October annual meeting, I’ll be voting NO.

A reverse split won’t fix the business. It won’t increase revenue. It won’t stop dilution. It simply resets the share price and buys management more time before the next offering.

If the company ultimately fails to satisfy the exchange’s continued listing requirements and ends up being delisted, maybe that’s simply the natural consequence of years of poor execution. At least it would prevent more investors from being trapped in the same cycle of dilution and false hope.

To me, this company has become like a sick parrot that repeats “marine security” over and over while financing itself through endless offerings. At some point, enough is enough.

For the benefit of current and future investors, maybe it’s better to let the story end rather than extend it with another reverse split.

So if a reverse split proposal appears at the October annual meeting, I’ll be voting NO. I hope other shareholders seriously consider doing the same.

We are developing an autonomous ocean-monitoring device for long-term deployment (up to six months) to support research into a promising method of ocean-based CO₂ sequestration. The platform will operate autonomously, be remotely managed via satellite communications, run on renewable energy (solar and/or wind), maintain position in a harsh marine environment, and continuously report carbon dioxide and wind data.

Do you know a specialist with relevant experience who could advise or consult on this project?