Post by
throwaway11 on Jun 22, 2022 4:44pm
Just where I stand on this
Just 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.
Comment by
Onadime on Jun 23, 2022 10:22am
Agreed that that is a real company. And also agree with your pros and cons what do you think of the RIO2 news that came out today? Will Sixw be the savour of this water issue or will this be a negavitive for Sixw?
Comment by
Onadime on Jul 04, 2022 11:45am
200k more shares filled at 5 cents now. lets hope this was a great decision haha Feeling there will be a big New release soon. GLTA
Comment by
throwaway11 on Jul 04, 2022 1:03pm
Wonder who Stifel is, that is selling all of them to you? Clearly someone who views this as a writedown or who took shares in compensation and doesn't believe it's worth holding on to them.
Comment by
Onadime on Jul 04, 2022 1:50pm
I would like to know as well. I don't understand why someone would be selling at these levels with all the potential avenues to revunes almost across the finish line. one good signing proving this thing can make money is all it takes. I think my purchase at 5 cents is worth the risk Time will tell.