GREY:SIXWF - Post by User
Comment by
BamBam101on Oct 22, 2022 9:50pm
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Post# 35041595
RE:Sixth Wave Moves IXOS Technology Forward with $50M+ Contract
RE:Sixth Wave Moves IXOS Technology Forward with $50M+ ContractDecent recovery since this update. I was astonished to find that the majority of short interest did not cover at $0.025 CAD/share. Like how much lower do they expect it to go? I guess we will see in the coming weeks? I mean looking at L2 now 100000 shares puts us at $0.075, and the 200000 shorts covering would put us at $0.085. That is an 88% increase and I would be in the green again. I guess we will see if the sellers show up again on Monday?
Even though the market cap is now $6M CAD it is still completely detached from reality.
Of note a $50M market cap, attainable near term if this contract is seen through, is around $0.37 CAD/share. The 52 week high is $0.315 CAD/share. That would be a $42M CAD MC and a return to sanity. For me the question is does it happen this year, or next?
DD101 BB101