The resignation of Wave's audit firm, regardless of the reason, is just one more bad bean in a bag full of them.
And it will be one more bugaboo for the supporters to shrug off as either immaterial or they will call it actually 'beneficial' for Wave, as some have already done elsewhere.
An example from the Weets Field of Endless Dreams: "They are probably looking to cut costs & hire a less expensive firm...Bravo for Bill for finally cutting costs!" One supporter almost immediately chimes in saying the poster was "spot on."
This refusal to see signs of desperation and failure, along with a true creative streak in making up reasons why bad is good--is exactly why the Wave mgt has been able to go to the well again and again, without ever delivering anything to the shareholders.
I have watched it almost 20 years and once was a part of the phenomenon myself. I ate, drank, and slept Wave, believing the bologna for way too long. My first question was, how come when a goal set by mgt is not reached, nobody mentions it?
Wow! You would have thought something bad was said about the Pope.
Along with boards where only good news about Wave could be posted, no criticism, no second-guessing mgt--it helped Wave stave off closer scrutiny for a while.
But....Wave is still rocking along, still making promises they won't and can't keep, still dancing the shareholders around the mulberry bush with more empty promises.
It is amazing to see.
Blue
