Sixth Wave Innovations Inc SIXWF

Still around...

[throwaway11]

I did some research before the holidays.

The company has either reduced its expenses or is receiving sufficient revenue to continue operations. Based on what we -can- know from SIXW's own NRs, this revenue is coming from AESI through Retro and possibly some of Sixth Wave's mining clients. Also, based on what I know about Green Envy right now. It seems several of Sixth Wave's partners have run into roadblocks of their own or are in waiting for their own developments, and that possibly revenue to Sixth Wave could be being bottlenecked by this.

Overall it seems that the financing from Sorbie and Orca Holdings alone is  probably not sufficient to cover Sixth Wave's expenses based on the quarters we have available for reference.

With no quarter since the one ending May 30, it's difficult to tell, so we are left to assume either that Sixth Wave is in hibernation mode and isn't spending much *and* isn't making much, or that it's doing fine and has enough to cover operations, or that JG&Co are taking on salary deferals again - or some combination of the above.

Taking a secured loan against the assets of the company raises some questions since to the best of my understanding most of Sixth Wave's assets are in its IP, not its lab equipment, computer hardware, owned property etc. The management would either have to be very desperate or feeling very safe in doing this - either one of these scenarios making its own comment about what Sixth Wave's revenue and expenses situation truly is right now.

I'll make a full rundown in January. It will be interesting to see how the stock behaves beginning tomorrow until New Year.