Your post and that of Moneybegone are precisely on target.
Those of us critical of Wave and its mgt for many years were not singled out for abuse simply because we disagreed with the "leaders."
Those leaders saw us as a severe threat to their game to keep Wave looking as if it had a chance, when it never did--because of sub-par executives, products no one wanted, and no real business plan to reverse the serial failures.
Yet, many long-shot scenarios were serially connected and piled high in an attempt to show Wave could succeed and was succeeding when the truth was just the opposite--a complete lie.
Not only did the leaders deny the truth of assertions by the critics, they called the critics liars and fabricated many twisted explanations to excuse the lack of sales over many quarters.
IMO, it was much more than distraction. It was a deliberate attempt to paint absolutely nothing, to look like a booming success, using outright lies, improbable happenstance and total distortion--"it just needs time to bloom and when it does, look out! You won't want to miss out on the bonanza."
That message peddled by cynical leaders and some naive gullibles, became the ghost carrot so many investors chased--most of them completely unaware the true facts showed the company was losing more all the time.
But what about the precise predictions and timelines for prosperity and profitability made up by SKS [and Solms] publicly--that never came true? Why didn't the constantly elapsing timelines set by the company trigger a mass exit the way they do in other companies?
Because people with vested interests were busy making up lies and rationalizations, telling shareholders it was phenomenal growth beneath the surface they could not yet see. These leaders claimed a 'pipeline' to the true story.
In time, the alleged bursting 'pipeline' was proven to be as false and as empty as SKS's [2010] and Feeney's [2011] claim of the first quarter of 'profitability in the company's history.'
As events unraveled over the last two years under Solms, the new CEO made profitability and traction claims just as big, just as outrageous and just as untrue as those of SKS & Feeney.
Even after the first set of mgt liars were unmasked & fired [but given a $1M golden parachute], Wave 'leaders' claimed the new set of lies by the new mgt team were true and 'just wait, little ole Wave is going to make us all rich.'
None of this was by accident, IMO. It was a determined conspiracy to defraud Wave investors by making them believe Wave was about to make good on its promise of outrageous riches for shareholders, IMO.
That is why they needed at least a half dozen censored boards to keep the truth out. That's why people who worked in the security industry like Ex-Pat, Greg S and others were immediately discredited, attacked and banned, when their expertise said Wave was not even close to the company it claimed to be.
In fact more than one critic, including those who work in the sector called Wave's products complete crap.
IMO, it was far more than disagreement. I had death threats, my wife and children's names were posted online. I was a particular threat to the Wave dream-myth. I was a prize-winning investigative reporter who had sources inside Wave who told me the truth about what was going on.
Same thing with CPA and all others who strongly disagreed. We were jailed, banned and threatened. One private message to me from one of these leaders said "You don't know who you are dealing with."
The implication was I was in over my head, messing with Mafia-types who might endanger me or my family. Why all this heavy fire-power concentrated on those of us who sought the facts and who no longer believed the fiction?
There was collusion between the company, the Loop Group and the leaders to create a false illusion of prosperity, when the truth was bankruptcy was nearly inevitable, given the leadership and the complete lack of a real plan to profitability when nothing Wave made sold in sustainable numbers.
IMO, there is enough critical mass to warrant a criminal or securities investigation, but I believe it will never happen, because those who might pursue justice, would be terribly embarrassed for failing to heed the real warning signs; for believing liars, when disproving facts were readily available [once a quarter]; and for repeatedly trusting people who were never right about one thing concerning Wave's.
The evidence needed is available, but I doubt folks are anxious to reveal their own naivete, their own gross failing to read quarterly reports instead of believing those who said the numbers hid tremendous 'stealth' growth they couldn't see.
It was these same leaders who defended those plundering the company with lies like calling SKS a 'genius'!? He was a genius, when he could not put a coherent thought together, instead, mashing a bunch of buzz-words together in an incomprehensible stew of bad grammar, misspellings and tortured syntax to 'prove' Wave was rapidly gaining ground when in truth, it was losing ever more.
No, IMO, this was no accident that took half a billion from the pockets of working men and women, leaving many with no retirement, lost homes and a future of working until they dropped in the harness. There was a plan and they executed it perfectly to our regret.
But the most incredible part for me, was when Wave finally imploded. Who did the defrauded turn to for answers and more 'leadership' in the aftermath of the 3rd R/S and following bankruptcy? Why they turned to the same folks who help perpetrate the depletion of their life's savings.
It was only after these same leaders showed zero interest in finding how Wave turned out exactly opposite of what was long promised again and again--that the suspicion began to arise that perhaps there really were wolves in sheep's clothing mewing right beside them, mimicking their own sounds of pain.
Investigation or examination? Gosh, after spending tens of thousands of hours examining Wave and posting about all the positive events, the incredible technology, how Wave was the leader in the space--when the bottom fell out, they suddenly and inexplicably lost all interest in the why of it. Wow!
You don't have to be Sherlock Homes or Doc Watson to put those facts together. No deep thinking required.
Just like SKS, Feeney, Solms and crew--they will get away with their ill-gotten gains.
My sympathies for all who were robbed because they trusted the wrong people and were told by them, not to trust the people they could have and should have listened to.
Seems like the Wave"clean boards" were just as dirty as just about everything else associated with Wave--the fake reference case, the repeating and changing sets of fake 'analysts,' hired to repeat the CEO's lies; the hundreds of PRs appearing to show progress but proved as useless, unreal, and without revenue as everything else about Wave.
The 'clean boards' helped keep the truth at bay until the scoundrels could abscond with shareholders' money.
Yes, they got away with it and there is no appetite, IMO, for pinning the tail on the donkey, because the donkey was us.
Blue
