Snackman: I don't doubt your sincerity, but I do question the logic. How on earth can Wave possibly be CFBE without any new and significant sales--none of which have been reported in the more than a year the new CEO has been with Wave?
Obviously, you must have a theory on this, beyond your hope and belief it will happen. My question is, what do you think the path is to CFBE?
Wave is trying hard, I believe, with an all-new sales team and a new, refocused mgt. But sales seem to continue to elude Wave consistently as they have done for way too long.
We all know the need is there for security. We know Wave has products it claims will help stiffen resistance against the many willy-nilly breaches affecting almost every sector of governments, enterprises and individuals--at a tremendous cost in terms of actual dollars, damage to trust and the brand and in funding credit monitoring services after the fact. It would seem Wave would be an easy sell.
From where I sit, it seems unlikely Wave can meet its lofty goal of achieving CFBE, after again and again losing its effort to hit the target for 26 consecutive years.
What is there different now, you see to bring CFBE about? In the past, you have made many calls for big positive changes, but most, if not all of those changes you called for, simply did not come about. I am still waiting to see the upside surprise you called for over the summer and into the fall. Has that changed too? Or are they only delayed, but still in play?
Pardon me for strongly disagreeing, but without new sales and a substantial engagement of the market with Wave's products, I can't figure out how you think Wave will achieve the goal you so positively predict. Can you set us straight on how you think CFBE will happen in the next 24 business days before year's end--a traditionally slow time for business because of the holidays?
Concurrently, re: the new shelf registration--I think you believe Wave will not need to touch the new shelf unless it is for financing the servicing of big contracts or for partnering with a large company.
In contrast, I believe Wave will be forced to use the shelf to fund day-to-day operations--if new significant sales are still absent in the days ahead. Furthermore, I believe Wave will tap the shelf sooner, rather than later.
Another scary specter also looms large in the present, IMO. That is the possibility of another Nasdaq de-listing notice if Wave's share price falls below a buck for 30 days.
We are currently sitting right at a buck, and unless good news comes soon, I can't imagine what would sustain the SP higher than what it is now. Simple logic seems to indicate in the absence of good news, the passage of time alone will cause erosion in the share price. If Wave gets yet another de-listing notice, I would expect the effects to be rather serious, in terms of share price.
Like you, I am anxious for good news, but I have no tiny nail on which to hang my hopes. I wonder if you can spell out what you see is the cure(s) for Wave's apparent bad situation?
Blue
