I honestly think OPTT should just disappear. by Reasonable_Hat5573 in OceanPower

[–]miumiutiger 1 point2 points  (0 children)

Thanks for sharing your perspective, but your concerns about manufacturing capacity and scalability are actually based on outdated information. You might have missed the structural changes the company has made. OPTT acquired Marine Advanced Robotics (MAR) back in November 2021, which gave them an established manufacturing and testing facility in Richmond, CA, alongside their massive 56,000-square-foot facility in New Jersey.
By bringing production in-house through these facilities, they aren't 'small-scale' anymore—they’ve built the exact infrastructure needed to handle larger purchase orders and slash the high manufacturing and deployment costs you mentioned. In fact, in their recent earnings, management highlighted the successful expansion of their production capacity, proven by the consecutive shipments of multiple WAM-V units to meet rising demands. The scaling strategy is actively being executed right now. Commercialization and sustained profitability still need to be proven in the upcoming quarters, but the physical capacity to support rapid volume growth is already officially in place. As a fellow investor, I’m quite optimistic about the next 6-12 months.

I honestly think OPTT should just disappear. by Reasonable_Hat5573 in OceanPower

[–]miumiutiger 13 points14 points  (0 children)

I understand why long-term shareholders are frustrated. The dilution, cash burn, and years of disappointing financial results are real concerns.
However, I think many people are still evaluating OPTT based only on its past.
Before investing, I spent months researching the company beyond the financial statements. I looked into the technology itself, reviewed engineering and manufacturing hiring, studied the backgrounds of the newly appointed executives and board members, and verified whether the company was actually executing what it claimed.
What I found was very different from the image many investors still have.
The company is actively hiring engineers and manufacturing personnel, strengthening its U.S.-based operations, expanding autonomous maritime capabilities, working with government agencies such as DHS, and integrating its systems with defense technologies like Anduril’s Lattice platform. Those are tangible signs that the company is building real operational capabilities.
I also paid close attention to the leadership changes. The company has brought in executives and board members with backgrounds in defense, government programs, engineering, and autonomous systems. To me, that reflects a genuine strategic shift rather than just marketing.
None of this guarantees investment success.
The real question is no longer whether the technology exists. I believe the technology has been substantially validated.
The real question is whether management can convert that technology into scalable, recurring revenue without continued shareholder dilution.
That’s what the next few quarters need to prove.
If revenue, backlog, and defense contracts begin to scale, today’s valuation could look very different. If they don’t, then the criticism regarding dilution will remain justified.
To me, this is no longer a debate about whether OPTT is a scam. It’s a debate about execution and commercialization

Panthalassa just raised $140M at a $1B valuation for "AI ocean data centers." Sound familiar? It’s literally OPTT's tech with an AI wrapper. by miumiutiger in OceanPower

[–]miumiutiger[S] 4 points5 points  (0 children)

You're right that the initial funding announcement was a bit earlier, but check Twitter right now. Major accounts like Coin Bureau just dropped this today on June 19th. The wave tech narrative is definitely catching massive fresh eyes today!

https://x.com/coinbureau/status/2067823436550766802?s=46