Watching Paint Dry
A few musings while we do.
I was disappointed with the earnings/Conf. Call.
Not with the bottom line number; no, I was not happy, but I knew it was going to be terrible. But , I thought Solms was going to be able to shed more positive commentary than he did. Some say that since he stuck by his Goal of CFBE by the end of this year, that things must be going along fine. I do not think he lied, definitely not, buy I think he is overly optimistic. By his own admission, things are not progressing as he had thought they would. Therefore, him standing by his Goal gives me very little confidence. There are only a few, holiday-filled weeks left in this year. If it has not happened yet, it is not going to. (Go ahead Wave, make a liar out of me; I double dare ya). There, that'll do it. I will take one for the team.
As I have said before, I do still think that Solms knows the importance of keeping the stock price above a dollar. But, that is going to get harder and harder to do (I am doing my part to help) without some ammunition. Unlike some, Solms knows that a pitiful share price, delisting notices, dilution, etc. are very bad for business. At least he knows and understands this; but avoiding them is hard in Wave's condition.
When I look at the last year or so, I really am unable to point to anything to confirm that Solms is meeting goals.
Doesn't look too good to me at the moment.
Wavey Train
