Sixth Wave Innovations Inc SIXWF

fins on sedar

[lscfa]

working capital at May 31 =   -$1,205,894.   Where the hell did the $2.5 million raise in March go?   Bozo mgmt.

[lscfa]

See image. WTF is there no record of $2.5 million raise recorded?  

[lscfa]

The proceeds are "deferred". The jackasses did not disclose that in the March 24 NR.      On March 29, 2022, and as part of a $2,400,000 net equity investment by Sorbie Bornholm LP comprising of deferred proceeds with a fair value on the date of acquisition of $2,400,000, the Company entered into agreements for the acquisition of 24 equity swaps for total consideration

[lscfa]

Complicated as hell. This will overhang the stock for 2 f'ing years. Fire the CFO and all financial advisors.   On March 29, 2022, the Company issued 12,200,000 Units at a price of $0.12 per unit for gross proceeds totaling $2.568 million. Each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional

[throwaway11]

ISCFA - did you ever get around to that DM I sent you a few months back? Should still be in your inbox.

[lscfa]

Read your DM. I have no comment other than to say that Sixth mgmt are idiots to do this deal with Sorbie. Every month > 500,000 shares will be released from escrow to Sorbie who can then dump them into the market and keep the share price below $0.13 so that no proceeds from escrow go to Sixth Wave.     

[throwaway11]

agreed. They've also entered into one with Bee Vectoring, who I am also long on. Very unhappy about this and am probably exiting stage left on the Canadian securities markets period and sticking only long on US or short/options on Canadian stocks.  Knowing this kind of f'ing nonsense goes on constantly puts a black cloud even over companies with great potential. It's pointless

[throwaway11]

I knew this would happen, I posted about it in November of last year. The fact is, the stock was beat up by whoever or what ever was selling it and for what ever reason. Sorbie argued the fact of this (frankly catastrophic) SP decline to JG & Co and played hardball with it to ask for more goodies in return for his risk.  So... I don't totally agree with you on Sorbie's motive

[lscfa]

I'm sure mgmt believes that the loss of $90,000/mo proceeds while the stock price languishes below $0.16 will be made up monthly proceeds much greater than $90,000 when the stock price climbs. So Sixw mgmt, get on with it !!!!    

[lscfa]

fire the damn accountants as well.      Co issued 12,200,000 units (1 sh+ 1 wrt) to Sorbie.     Note 20 shows the amount of $0.175 warrants o/s at 10,700,368 so did 1,499,632 get exercised?  If so why is this not included in the change in shares o/s and why are no proceeds from the exercise recorded?

[lscfa]

12,200,000 + 4,600,368 = 16,800,368 so why does note 20 show 10,700,368?         On March 29, 2022, the Company issued 12,200,000 Units at a price of $0.12 per unit for gross proceeds totaling $2.568 million. Each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at an

[lscfa]

Co. admits an error.... The news release and third quarter financials have been updated and refiled today.   The equity financing from Sorbie included 12.2 million units which consisted of one common share and one half warrant per unit.  There was an error in the note disclosure with the missing word ‘half’ in the writeup.   The warrants issued was 6,100,000 on the

[throwaway11]

Pretty generous notes, don't you think?