Why OTEC Stock Spike?

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High Spy
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Why OTEC Stock Spike?

Post by High Spy »

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Over the years I’ve been racking and stacking my position.

Where will she go next. :?:

Shoot the moon, but not the stars. :mrgreen: dbnp
Res Ipsa
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Re: Why OTEC Stock Spike?

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A company with a total of $36,000 in assets, over $32,000,000 in liabilities, 0 revenues, and numerous loans and notes in default? What's not to love?

I'd guess pump and dump.
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Binger
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Re: Why OTEC Stock Spike?

Post by Binger »

Res Ipsa wrote:
Mon May 30, 2022 12:54 am
A company with a total of $36,000 in assets, over $32,000,000 in liabilities, 0 revenues, and numerous loans and notes in default? What's not to love?

I'd guess pump and dump.
Penny stocks were a huge beneficiary of the change from fractions to decimals at the US exchanges.

The SPACs used for these reverse IPOs are hilarious. The people that go along with it, even more hilarious.
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Gadianton
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Re: Why OTEC Stock Spike?

Post by Gadianton »

It somehow has something to do with Prince David, since this is that Carter administration energy thing, right?
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canpakes
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Re: Why OTEC Stock Spike?

Post by canpakes »

Binger wrote:
Mon May 30, 2022 1:15 am
The SPACs used for these reverse IPOs are hilarious. The people that go along with it, even more hilarious.

Still more hilarious - or disastrous - might be confusing one person’s abbreviation of a company name for a different company’s ticker symbol.

High Spy’s abbreviation ‘OTEC’ is Ocean Thermal Energy Corp, with the ticker CPWR.

However, the ticker ‘OTEC’ is the SPAC ‘OceanTech Acquisitions I Corp’.
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