GREY:SIXWF - Post by User
Comment by
throwaway11on Aug 17, 2022 5:31pm
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Post# 34903346
RE:Also
RE:AlsoAlmost everything Sixth Wave has worked on could potentially be a big deal. E.g. AMIPs getting in-seconds results with x250 sensitivity? The problem is where the company is deciding to put large sums of its cash, and dilution we inevitably face as a consequence of also needing that same cash to move this great potential forth. Even if the company still succeeds immensely, we still lose.
And if people see they will lose, they'll leave, because the point of a stock is to be an investment.
This is why after Sorbie entered at a very low price, people kept exiting below 0.12. The same thing happened when ACB did a private placement - shareholders said, "We see how it is", watching their breakeven exit door close, and they left, eating their losses knowing fully well that it would just happen again at a lower price in the future, and of course, pushing the SP down.
You have to know what will get you a good deal without destroying investor sentiment, and now the company is not making very much money from this financing agreement, because like iscfa points out, Sorbie was given far too much. We're at 0.05.