Post by
snowshoedb on Dec 30, 2021 10:04am
Milking SXTY Shareholders Cash - Management/Consulting Fees
Shareholders should be upset. Stock is sinking because the management team is not executing on a viable plan to develop and mine the deposit. Warrants have been extended creating an overhang that wont go away. It will be impossible to raise any real money for this project now. Cash is being sucked up by management/consulting fees where the company is getting little value (not much getting done).
This stock is going lower and on to a slow agonizing death. Watch what happens. The management will try to sell the deposit to another entity and further line their pockects as they realize on their bloated fees.
I wish SEC would investigate operators of scams like this and bar them from being directors, officers of public companies. I hate seeing retail investors get fleeced of their hard earned money.
Shareolders need to revolt and vote out the current management team that is only working in their own personal interests. Shareholders need to wake up and take action.
Comment by
GenHandgrenade on Feb 02, 2022 3:35pm
If I recall correctly they said they will be doing some milling there this season. Cash flow at 1 oz per ton perhaps.