RE:RE:RE:USD$50M+ Contract for Implementation of IXOS(R) Mining TechYou seem to have the impression we are bashers. A basher of a stock is someone who is knowingly and willingly posting a negative bias about a company.
If you go way back on this forum, like a year ago, you'll see where I and other members were still relatively optimistic about the company.
But at 0.045, possibly lower, and the looming possibility of a financing, I now find myself asking if the story the company is telling us is being very carefully constructed somehow and really there are practical problems with the tech that are part of the reason we are here. Like isfca says, the last NR told us that they have a $50m+ contract while the fine print provided to us reads a little differently.
One can select certain information and give an impression or idea to a point that if it were to land in court, they'd be able to say "we didn't say that, you just surmised it". Like, let's hypothetically say, "Tool X we developed is 500x more effective", but they don't mention it is under impractical conditions, or that it required an unconventional agent that is extraordinarily expensive in order to work, or so on. That kind of a thing.
The art of the ruse is well developed, especially in Canada. I often feel guilty for questioning the sincerity of people. Who knows, JG & Co could be having sleepless nights thinking about all of this, and I'm sitting here being a massive dirtbag sitting on my office chair judging them from the sidelines? But, the last twelve months have showed us a lot about the true nature of Canada's microcap markets. I feel like my cynicism has been incredibly earned and developed.
Another company, Fresh Factory listed on the CSE is headquartered in Illinois. Their management is taking modest salaries but they have many options listed above the share price and there is very little in the way of cheap paper visible in the share capital. This shows they believe in the idea, but is also a symbolic gesture to shareholders. If SIXW believes their tech is as good as they are seeming to make it sound to us (AMIPs x250 more sensitive, etc, etc), why are they not taking this approach? Why drain more money than necessary from a company in a sensitive stage? Read the most recent circular and ask yourself.