GREY:SIXWF - Post by User
Comment by
throwaway11on Apr 15, 2023 7:34pm
185 Views
Post# 35396956
RE:RE:RE:RE:RE:RE:SIXW Rejects PP financing described in January
RE:RE:RE:RE:RE:RE:SIXW Rejects PP financing described in JanuaryIf a client pays for Sixth Wave to test IXOS with their specific setup and mineral-bearing material, Sixth Wave is not obliged to tell us. This would constitute an aspect of operations that a third party is paying for.
In a recent email to a user of another forum, JG says that they had gained interest from more potential clients at PDAC (which Iscfa had guessed they didn't attend).
Before Magnus dissolved, Sixth Wave's prospective deal with them included evaluation phases that Magnus had agreed to pay for.
If Sixth Wave has similar evaluation agreements with others, this should speak for itself. They may have learned the hard way with Magnus, and have decided not to make any announcements this time around.
There is nothing far fetched about suggesting that in some ways Sixth Wave has halted spending. Like I pointed out, for the last fiscal year ending, management took reduced salaries, the largest reduction being JG who took roughly 1/3 of his salary.
They also reduced expenses in promoting the stock, which as far as I can tell hasn't been helping to drum up demand for shares.
I have become a bear on stock and the company over the past year, but I realize much of this was based on understandings that were inaccurate and often unfair.
JG's "laugh" was not in contempt of or dismissive at shareholders, it was at how absurd the valuation of the company seemed. At $2.05m --- for the entire company? I am now in Bam's camp. This is nothing short of completely ridiculous.
The trade the other day for $157 which took the stock down over an entire cent range shows what I already suspected some year and a half ago - the stock is being manipulated by someone for what ever reason, and the goal of the manipulation is to send it downwards.