An investigation was announced for investors in NASDAQ:OPTT shares over potential breaches of fiduciary duties by certain Ocean Power Technologies directors.
Investors who purchased shares of Ocean Power Technologies Inc (NASDAQ:OPTT) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Ocean Power Technologies directors breached their fiduciary duties.
Pennington, NJ based Ocean Power Technologies, Inc. is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. Ocean Power Technologies Inc reported that its Total Revenue declined from $4.11 million for the 12 months period that ended on April 30, 2015 to $0.70 million for the 12 months period that ended on April 30, 2016 and that its Net Loss for those time periods increased from $13.11 million to $13.13 million. Shares of Ocean Power Technologies Inc(NASDAQ:OPTT) declined from $13.92 per share in July 2016 to as low as $1.30 per share in early May 2017.
On June 1, 2017, NASDAQ:OPTT shares closed at $1.38 per share.
Those who purchased NASDAQ:OPTT shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego