GREY:SIXWF - Post by User
Comment by
throwaway11on May 07, 2023 5:18pm
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Post# 35435549
RE:Sixth Wave Announces Secured Note Amendment
RE:Sixth Wave Announces Secured Note AmendmentSo if you're buying at 0.015 Orca is holding at a premium. Longs above the weighted average price of O/S traded are being kicked (again) when new warrants are used. For those longs it's a case of average down and hope the overhang from Orca doesn't supersede everything, ot simply write it off and don't buy at all. How many people do you think will want to buy when every share Orca gets is 0.02? The view for upside is dampened.
Like I said, IMO, the financing parties in Canada are short sighted, greedy and selfish and frankly stupid. They probably don't understand that you have to respect other shareholders if you want a return or optimism in the future that will help drive a stock upwards and make the company prospects better. Sweeten the deal with warrants above the SP if you don't just want to lose your money, Orca. Just a suggestion.