RE:RE:RE:RE:This is an expensive loan agreement. Onadime wrote: this stock it either going to zero or the potential is huge. I hope the latter.
Could it have huge potential with full commercialization and successful product adaption by the market? Imagine it's Q4 2024, Sixth Wave has commercialized on multiple fronts, we see the statement of revenues and it's like $2.2 million.
I am starting to get the sense that a lot of Canadian microcaps - at least the ones that aren't just schemes to fleece desperate working class people so a few guys can buy mansions in north vancouver - are basically businesses that do not anticipate the reality of what kind of money they will actually make and when they get there the result is disappointing.
Or, worse yet, they know the business can or will not actually make enough to pay investors back from the getgo, and use the public markets to get away with things that being partly owned by a bank or a large private equity partner wouldn't allow them to. You know like paying themselves ridiculous salaries well before there is any guaruntee of revenue.
This latter story has made more sense to me as time goes on; I see a lot of these microcaps running a business, making a product, selling it and generating revenue. So they're not "scams" in the sense they don't do what they say they are doing.
But it becomes apparent very quickly that they were going to make only a tiny fraction of the money they suggested to investors.
And then the management is paying itself tons of money relative to so little revenue earned, and the hedgies/early investors are getting away with slaughter of retail investors in broad daylight.
The legit business is still useful, through its trading on the CSE/TSXV or what ever, as a vehicle for doing and getting away with this kind of thing. And hence legally it can not be called a scam, but at the end of the day investors lose while the management and hedges make a killing, and I know what I personally choose to view it as.