GREY:SIXWF - Post by User
Comment by
throwaway11on Mar 07, 2022 11:40pm
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Post# 34493617
RE:RE:Locked in the share price basement.
RE:RE:Locked in the share price basement.Oh for f//k sakes. Did I say I was done here? Guess I lied because I can't stand watching this. No, maybe1111. You are all about to be diluted, my guess is at <0.17 to finance a company that is spending $450k on a yearly salary for its CEO and spent hundreds of thousands to promote its stock. How is that even remotely right????
Sixth Wave has great tech and I genuinely do wish the tech success because it could actually really help prevent coronavirus from spreading in a way that is accessible and time efficient, and it could genuinely help make rare earth metals more practical when it's clear as ever that we *need* to transition off of carbon based energy.
But for our half of the equation, we can't ignore that most people here are collectively losing their shirts. Like you point out, it really does seem like a shareholder is trying to do something to the stock. I still have this stock on my watchlist and once again watched this anonymous seller put huge sell walls exactly on the share price and then remove them at the end of the day.
What ever the motive of the anonymous seller is, the company needs to acknowledge this is happening and do what it can to change accordingly, even if just temporarely, to stop the share price plane from spiraling to nothing. A few more big anonymous sells and it's in single digit territory... From a 30 cent range. Grotesque.