GREY:SIXWF - Post by User
Comment by
throwaway11on Jan 25, 2023 9:24am
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Post# 35244764
RE:RE:RE:RE:The News didn’t help. What a disappointment.
RE:RE:RE:RE:The News didn’t help. What a disappointment.Agreed. They have written us off in continuing to use shareholder money to pay themselves like this and then diluting us (and also spending on stock promotion, why???). So we need to write them off.
What do you say we all just vote in that AGM and them dump our losses? Or sell now, but I prefer the former.
BadenBaden wrote: I hope you're right about them just waiting for 3rd party results regarding that Glycine as a lixiviant and it coult "possibly" open now the doors for companies to start lining up if proven. With that said, they will obviously need "again" more money to finance the equipment unless there's something stipulated in the contract about Sixthwave will not absorb full amount of the equipment purchasing (something to that effect).
I very much doubt that they're going to spend less or even sacrificing their compensation ...it is totally unheard of and not in their dna. They are all in now , sink or swim mode. From .84 to .035 they've pretty much gutted out all the money from the longs proving they're not the right people....How about the other guy who just retired and still staying as an advisor, what does that tell us, the investors?
$ 2M investments > nothing allocated for IXOS but just being used for AESI/Cannabinoids transition and for overhead costs. The burn rate is so high that overhead expenditures overshadow everything else. I am predicting it'll be debentures after debentures from hereon.
I'm sorry for ranting but these so called management killed a chunk of my investments. It's very difficult to find anything positive.