PINL:SIXWF - Post by User
Post by
throwaway11on Jun 22, 2022 4:44pm
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Post# 34775261
Just where I stand on this
Just where I stand on thisJust to be clear,
Sixth Wave:
-Is NOT a scam.
-Has real technology that is apparently very effective and as far as my research has shown me competes effectively with industry standard solutions
-Has developed ways of applying the technology that can be re-adapted to many other uses
-Has reputable and large research partners from established companies and institutions, some who do not have vested interest
But, sixth wave also:
-Has made, or been subject to financing decisions or parties in the past that have caused the stock to lose an extreme amount of value - 0.06 is nothing short of a catastrophe. Most of us have lost almost everything.
-might be manipulated by one or multiple parties who have a vested interest in acquiring the stock cheaply, using the trading activity of the stock to short it, or preventing it from upward mobility.
-Has management that is bent on paying itself ridiculous sums of money on a yearly basis despite having next to no revenue
-While the management is paying itself this generous amount of cash, they are also diluting shareholders at these horribly low prices, which could (And given things so far, likely will) throttle us for months or even years.
The company isn't a scam, and they're not faking it. If JG says this is his life's work, I choose to believe it. The company is a hive of intelligence, it's certainly innovative, and conceptually the technology is very interesting. but shareholders are disrespected when high management compensation (and stock promotion) with risk of dilution when the price is already this low with this much uncertainty on the horizon.
If I were in a better situation to, I would happily buy a lot more shares at the 4-8 cent range. I wouldn't buy them above 0.12, which is what Sorbie bought them at.