RE:RE:Sixth Wave Moves IXOS Technology Forward with $50M+ ContractBamBam101 wrote:
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?
Options at 10 cents as payment to some outsiders, shares to Greg Kofford at 12. I have no doubt he is eating crow on this stock at the moment, and I am guessing he will hold it down for some time before we ever once again reach 0.31c (you know - break even for a bunch of us).
This is why the dilution is frankly infuriating. The company is spending on large salaries, given to its top management before we even have a business worthy of justifying them, and we are suffering for it through it with PP's at prices far below our entry points.
If the company announces temporary deferrals or reductions of salary until the stock is able to recover, I am willing to 100% believe in this investment again. But right feels difficult to trust spending any more on this.