Sixth Wave Innovations Inc SIXWF

$6 mil PP

[lscfa]

110/150 => 26.7% dilution. SOBs

 

 

	At dec 29
Shs	89,021,222
Wrts	12,960,188
Options	6,025,000
Dsu’s	2,000,000
	110,006,410
Mar pp Shs	20,000,000
Mar pp Wrts	20,000,000
	150,006,410

[Bakunin6]

Of course I agree...but they need the money to roll out the value.  Encouraged by the don't try to get any of this p.p. clause in the n.r. maybe not a momentum killer after all.

[lscfa]

The bozos should have raised $2 million and waited for stock price to rise with announcements of revenue started before raising the other $4 million. 

[up2005]

Gluckman doesn't have a clue how to run a public company. This recent PP screwed a lot of longs like me. I have foolishly added to my position in the hope they would announce positive results from then Affinty and IXOS and MIPS. No such good fortune. Will be trimming my holdings as I hit B/E points which is unfortunate. Had hope for a much bigger upside.