RE:RE:New all time low: five cents. >1000% upside to B/E.100%. And they have a massive amount of options and shares in the company. If the company succeeds, they get unfatomably wealthy. So that should really be enough to accept less of a salary, right?
I can't help but take a wild guess that due to the slightly advanced age of the top management in the company, that they could view this as a retirement vehicle, a "last hurrah", be damned who loses money on the other end of it, and that going public is the way they could do it without having to seriously answer to anyone.
Like --- if I went into a bank and said, "I'm not making sales and haven't after missing commercialization projections for over a year, but with your financing I'm going to pay myself $450,000", they'd tell me to take a damn hike.
Now if you run a Canadian microcap in a very lightly (almost non) regulated environment with a ton of disorganized shareholders you can just say --- "Who cares if I do make it? I'l "made it" anyway".
I want to believe in Sixth Wave. Recently, for me, it's been very difficult not to be cynical about everything I come across. Most of the Canadian capital markets, particularly and especially microcaps, has proven to be one very, very poorly regulated swath of entitled sociopathy that preys on the desperation of over-indebted, working men and women who actually have to *make* real practical value and are just trying to get a leg up. The owners of the stock promotion infrastructure (like Steve Darling, who is a sitting city counciller), et al, who are these people at heart?? How do they sleep at night knowing what system they are a part of?