Congratulations on a trading with ParkerVision, Inc. (NASDAQ: PRKR) – PennyStockHaven followers enjoyed over 20% gains just in a three short weeks.
Here is a new trading idea for technical re-bounce: Ocean Power Technologies, Inc. (NASDAQ: OPTT)
Please note: this is a big P o S (sorry for my French) but anyhow:
Ocean Power Technologies (Nasdaq: OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. OPT’s proprietary PowerBuoy® technology is based on a modular design and has undergone and continues to undergo periodic full-scale ocean performance validation. OPT specializes in advanced autonomous (not grid connected), cost-effective, and environmentally sound ocean wave based power generation and management technology.
Ocean Power Technologies, Inc. Prices Offering of 5,385,000 Shares of Common Stock
Ocean Power Technologies, Inc. (NASDAQ: OPTT), announced on April 27, 2017 the pricing of an underwritten public offering of 5,385,000 shares of its common stock at a price to the public of $1.30 per share. The gross proceeds to Ocean Power Technologies, Inc. from this offering are expected to be approximately $7,000,000, before deducting underwriting discounts and commissions and other estimated offering expenses. Ocean Power Technologies, Inc. has granted the underwriters a 45-day option to purchase up to an additional 807,750 shares of common stock to cover over-allotments, if any. The offering is expected to close on May 2, 2017, subject to customary closing conditions.
Ocean Power Technologies Announces the Deployment of its PB3 PowerBuoy in Japan
Ocean Power Technologies, Inc. (Nasdaq: OPTT) announced on April 21st that a PB3 PowerBuoy was deployed off the coast of Kozu-shima Island in Japan as part of its first lease agreement with Mitsui Engineering and Shipbuilding (“MES”).
The PB3 was shipped to Japan in February and arrived in Tokyo on March, 18th, 2017. Upon standard customs processing, the PB3 was transported to Kozu-shima Island where it was staged dockside, and where standard pre-deployment functional checks and preparations were carried out. The deployment of the PB3 and its moorings was completed by a joint team of Penta-Ocean Construction and MES. OPT supported MES with the mooring system specifically for the harsh ocean conditions of Kozu-shima Island.
George H. Kirby, President and Chief Executive Officer at OPT, stated:
This is an exciting time for OPT as we initiate this lease and deploy the PB3 in Japanese waters for the first time. The deployment went well and the PB3 has already exceeded two thousand Watts of peak power. We’re looking forward to leveraging this opportunity to bring our PowerBuoys to Japan and other parts of East Asia.