GREY:SIXWF - Post by User
Comment by
lscfaon Jan 14, 2023 10:46pm
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Post# 35223733
RE:RE:AGM March 27
RE:RE:AGM March 27vote against the option plan, at least....
throwaway11 wrote: Not going to lie Iscfa, the taste for vengeance is very strong here. I entered this stock at 0.32 naively thinking things would be fine. I lost over 90% of my investment, an untellable amount of money here. Meanwhile, I saw some members of management being paid substantially, and essentially - as far as can see anway - wasting money on stock promotion services.
This last detail still leaves a bad taste in my mouth and is the largest red flag about the company, but JG could just have easily been told this was the right course of action by someone else - it doesn't necessarily mean SIXW is a scheme or a P&D.
The burden to clarify the need for the stock promotion is on them since MANY CSE and TSXV companies are functional schemes to get retail investors money. While I don't allege anything on SIXW specifically, it's basically best to assume this is the case with all CSE and TSXV companies until absolutely certain otherwise.
However with all that said, as far as voting the entire board out? I have some reservations about doing that. Perhaps I will find out that other much larger companies have already tried to develop mass produced MIP based UTI detection and find out that SIXW is chasing a fool's errand? I need to do better research.
But putting it in faith that the company is being honest that their tech is as superior as they present it and will really improve medical response times, it would be unethical to overturn the entire board, this long into product development.