GREY:SIXWF - Post by User
Comment by
throwaway11on Jan 26, 2023 12:27am
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Post# 35247005
RE:RE:RE:RE:RE:RE:RE:RE:The News didn’t help. What a disappointment.
RE:RE:RE:RE:RE:RE:RE:RE:The News didn’t help. What a disappointment.The thing is, $200-$400k a year isn't a lot for a PhD CEO running a technology company. But SIXW hasn't succeeded as a public company yet.
If we add up the stock marketing and top management salaries after three years since IPO (I'm assuming nothing has changed since the August annual), we see a number with which one, we could have avoided being diluted to the tune of $2m at a <$5m market cap - or two, that we could have dealt with financial roadblocks that have contributed to delays in getting any of SIXW's pursuits to the market.
It begs questions about why they spent this way because either it shows they didn't believe the tech would successfully make it as a commercial product, (or just make it in time to do well) or it shows they don't consider impacts to shareholders in their decision making. Either way it doesn't look great.