GREY:SIXWF - Post by User
Comment by
throwaway11on Feb 03, 2022 4:34pm
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Post# 34394911
RE:Dilution and Now a Trading Bot?
RE:Dilution and Now a Trading Bot?The more I trade the Canadian microcap markets, the more I am convinced that about 90% of these companies are essentially technically legal scams on on working people by the ultra wealthy.
Mind you, of course, I'm not saying Sixth Wave is a scam. If I was convinced as such, I would've dropped it a long time ago. They have real technology, and are working with real universities to do real work towards real solutions using it. How bullish am I? Or bearish? Can't say. Really, at this point, I can't.
But for the most part... I am following about two dozen companies, all of who have been on "the brink of something" for multiple years and can not seem to get a single thing actually done. Meanwhile, they print endless amounts of shares for their management and give mountains of cheap paper to their institutional investors / hedgies on day one. These rich guys get to dump them on working people who actually provide something to the economy, putting many of them in dire straits and crashing the stock in the process.
In that sense, the Microcap markets of Canada are a goldmine - just go short anywhere and wait. If you don't feel at least some sense of guilt for the trusting, naive people on the losing end of it anyway. The hedge funds sure don't.