Friday, February 22, 2019 3:47:51 PM
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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