Sixth Wave Innovations Inc SIXWF

What happened with this stock?

[throwaway11]

Let me get this straight

-The R&D partners were the University of Alberta, the Canadian Federal Government, CTRI Quebec, York University
-The company's MIP solution for metal extraction outperformed industry standard resins from Mintek and Dow Chemicals
-Draslovka is now actually in full traction with glycine solutions for the mining industry
-The York relationship was still clealy alive on the UTI test, with new research findings published as recently as last October

I have been watching a number of Canadian microcaps closely, some for almost five years. Many are companies I would describe as being unscrupulous.

One had Tesla's factory featured on its website even though they had no relationship announced with them. Another was a case of clear self dealing that it described as "evidence of objective market interest" in a press release.

These shady companies are somehow still trading. Most, even the worst it seems, can keep their valuation above $3m.

Yet, here is Sixth Wave, with all of its R&D partners and relationships with clearly legitimate parties - and its stock valuation suffered more than any of them.

From ~$30m in 2020 to less than $200k?

Really????