GREY:SIXWF - Post by User
Comment by
throwaway11on Oct 28, 2021 7:36pm
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Post# 34061286
RE:RE:Retesting 25 cents... Yikes
RE:RE:Retesting 25 cents... Yikes I'm 99% sure gluckman has enough of a background in this that he knows he couldn't say they had a hundred inquiries if that statement wasn't actually true.
Remember that he has already run a company, and that Sixth Wave actually R&D'd and sold an explosive detection wipe + IP to the military which videos are available of online.
I think there are three possible bottlenecks... One their manufacturing partners are suffering the same ills as everyone right now, supply chain problems, inflation, etc. Secondly that, like I mentioned before, it's possible potential american clients might have financing and cash flow issues until cannabis is opened up federally, and that would mean trouble with sixth wave's business model.
Third and last is that testing results are the bottleneck and clients want to see the numbers before they use their technology.
We can only read between the lines but they did add a small caveat more or less reading "granted thare are no issues..." in some more recent PRs so we have that much to go on.
The SP action itself is partly due to downward momentum in small caps that has corrected some companies but badly oversold others. It's like this all over the micro/small cap markets right now.
Some people in a certain chat room think this stock could be being manipulated and I don't like to jump to conclusions but someone trying to put up a $40k+ sell wall when the stock hit 24 cents was pretty sus, to be honest.