Someone is buying Wave shares despite the desperate situation. Someone thinks Wave has a future.
My problem with that is quite fundamental. If Wave can not now pay its rent (lease) and other bills, how the heck are they going to scrape up the whopper of an interest payment, much less the principal of the bridge loan due pretty soon?
There has been no third quarter conference call scheduled, only the quite and twice tardy release of Q3 results, disappointing as usual, IMO.
The Naz is allowing Wave to keep printing shares, diluting the loyal longs, while the SP falls to near Kleenex value. Wave is currently in violation of two of the Naz listing minimums with no real way to reach sufficiency with the exception of a fairy godmother.
The auditors quit without stating why, but resignation of auditors without reasons given, is reason enough to scrutinize possible dark scenarios as the cause.
Not a single sale of the crown jewel of Wave products, VSC 2.0, despite 'rejiggering.'
Over at St. Elsewhere, there is talk of a bright turn possibly just ahead. Wouldn't that have to be a sale or two? This publication is known for expanding theories and kluging together Rube Goldberg 'logical' elements proving Wave is about to launch.
Lately, that publication has been featuring the phantom Microsoft connection with Wave that will take the dreamers home with untold riches. Only, last Monday was the deadline and, no Wave connection was revealed.
Over in the spidery reaches of elsewhere, even the Turtle Wrangler has asked for some proof of this predicted cornucopia of Redmond riches to come.
How can one hope for much-needed results, when there are no sales, just low level licensing and service?
And may I present a question I can't quite get my head around? If MS was involved with Wave, wouldn't everyone who knew about the deal run out and buy hundreds of thousands of Wave shares at the unbelievable bargain price they are right now? They'd be calling their mothers-in-law telling them to mortgage the house and buy Wave before the word leaks out.
Is that happening? Apparently not. What is one to conclude?
Not much discussion elsewhere about what the meaning is, of no quarterly conference. To my knowledge, no one has even brought it up, so it could be sluffed off as irrelevant.
I am naive to the ways of the market, but it seems to me, omitting a quarterly conference call, after scheduling it, postponing it and finally just putting out the numbers with no reference to a CC--that all seems so strange as to merit an explanation. But Wave, as usual, is leaving us all in the dark to puzzle it out.
Player, or others, am I wrong that the lack of a CC is significant? Can anyone point me to what this means for Wave? Is something imminent, besides ubiquity?
Blue
