GREY:SIXWF - Post by User
Comment by
throwaway11on Mar 01, 2023 10:21pm
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Post# 35314122
RE:RE:Pretty sure we're never seeing our money back on shares .32>
RE:RE:Pretty sure we're never seeing our money back on shares .32>So just want to run this down. Green envy - a non starter. Rio2, chances are slim (Killed by Chile govt). Barry Hollinger, dead. Nova Scota mine, probably a ways off. Magnus? Sounds like they didn't end up going ahead with IXOS since -we never heard about what happened-. Devices employing MIPs with Blumetric, Canada Govt, no idea where things are at. Same with test. UTI Tech, we're still seeing research documents showing up in journals.
Look I mean - the products that -have- potential are a god awfully long ways away. Bam, you're already down on your average. The FDA, Canada Govt have not even been presented with the test yet, a test they announced the conception of three years ago this May.
My view is if you double down now that you are royally screwing yourself, because financers in the future will probably do one of two things: One, they will get burnt like us and have to sell, surpressing the stock. Or two, they will ask for massive provisions (like tons of cheap or free shares) that give them a quick exit, an exit that will inevitably arrive by diluting the float with dirt cheap paper.
What I see is Sixth Wave doing a reverse split of the stock because they will need to refinance many more times before any part of the company starts generating real revenue. And the downward slide into no man's land will begin once again.