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If Wavetech was worth $110 million dollars no

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Ecomike Member Level  Friday, 02/22/19 03:47:51 PM
Re: kai-zen post# 82223
Post # of 83556 
If Wavetech was worth $110 million dollars no one should have to look for bread crumbs and whiffs of vapor for clues as to existence of any real revenue, sales or viable tech to justify the price.

This is all about creating an exit for 10-20 years of investment losses stuck/trapped till now in Wavetech patents and R&D, by folks stuck in Wavetech by floating and dumping the private losses on Nasdaq with a financial paper accounting shell game where they put another 3 Mil in cash to get $110 Mil dollars in SGSI shares so even if they sell at an average price of .01 they can get their 3 mil back plus the old losses in wavtech sunk investment costs back out. And if they can get out at .05/share average they score a 50 Million dollar profit scaming Nasdaq folks just Axion Power, Carbon Sciences and Consolidated Organics did.

All IMHO!!! And based on what we can find in public records.

If Wavetech had anything real, like say 25 Mil in revenue and 5 million in profits they would not need a scam like SGSI to do an IPO.



All of my posts are strictly opinions and should not be considered to be facts, or investment advise. They are for entertainment purposes only.
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