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Sixth Wave Innovations Inc SIXWF

Sixth Wave Innovations Inc. is a Canada-based nanotechnology company with patented technologies. The Company is focused on the extraction and detection of target substances at the molecular level using specialized molecularly imprinted polymers (MIPs). The Company’s product brands include AMIPs, IXOS and Affinity. The IXOS is a line of extraction polymers formulated for deployment in the gold mining industry. The Affinity system is using its MIPs, which are designed to capture and extract cannabinoids from filtered crude extracts without the use of traditional winterization and distillation. The Company’s patent portfolio covers extensions of the designs for extraction and purification of other critical metals including nickel, cobalt, rare earth elements, and platinum group metals. It also designs, develops and commercializes MIP solutions across a spectrum of industries.


GREY:SIXWF - Post by User

Comment by throwaway11on Jan 26, 2023 12:27am
124 Views
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.
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