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Wrong, it's 5.3712 lowest prices since just before the last split........uh oh........
If there isn't any news coming by end of next week...there are going to be some seriously ashen faces looking into a mirror facing a reality check they never truly believed they would be facing.
Merger or sale? Cartoon why would another company want to merge/buy wave? There DD would be based on how wave has performed in the market. There is a disconnect between what the market is telling us and what passes for DD that is discussed. Right now it's no question the market is rejecting what they have for offerings. If it's the financial state of the company that is causing the reluctance for commitment, I would say this has been a problem for years- so why hasn't this happened prior?
Fact is that the PR they put out was window dressing to calm the shareholders. The company is probably in the worst position it's been in since I have been around in 16 years.
.0373 puts it in the conversation......
There should be no surprise to see the stock trading where it is. The last monied PR was garbage. 150K is akin to dropping loose change on the floor. In the big picture with what is looming it means nothing since there has not been any follow through. With the sheer lack of news containing revenue over the course of Solms tenure through the last few years of the genius, in retrospect it is shocking to see the price this high.
One can argue the company tech should be worth more than this. Valued by whom? The shareholders don't count. It certainly isn't valued by competitors, or why isn't there a move to take the company out? The past week since it broke out of the .60 range has been the start of the spiral down. Any stopping of the bleeding at this point will be wavoids, not new money coming in. There has been nothing over the last few years to bring in new investors to make them hang on for extended periods of time.
Please..please..can we not see any posts about some sort of back channel plot that is holding the shares down, some sort of manipulation, or a consortium hell bent on keeping this company from the marketplace.
If you look back, the massive financing done in 2000 might have been the worst thing to happen to the company. History has shown it was done at a time when there was zero market for the products and under the leadership that had zero regard for stewardship of the finances and an inflated ideal of the companies purpose and place.
Had the sort of financing they have been undertaking since they had market ready product and a market seemingly waiting for such product, they may have been forced to operate in a completely different manner.
How different the outcome had this sort of large placement been when some of the real deals were coming on board with DELL not pursing another way?
"All I know is every quarter Wave burns through more cash than they have coming in" Exactly. Hence I don't get the celebration by some over 150K for a renewal. To me this shows how dire things are if this is what you are going to pass off to the shareholder as news. And this isn't for product they have seemingly put all the effort and resources in pushing the last year.
Never say never with this stock. I think I have read those very words twice before for more than one poster. I don't put much faith in the announcement from yesterday if it isn't followed up with another very shortly. In the big picture that cash dosen't amount to peanuts. I can't remember the burn rate but for some reason 3.7M per quarter is stuck in my head. That contract covers 4 days of burn. if it's 1.85M you got 8 days of cash!
I cannot remember such a small revenue announcement which leads me to believe that they needed to release this...if there were others they were probably under 100K.
The longs had better hope for a wagon train of these types of announcements.
I don't think they give a damn about the giving it away for free..its the apps that come with it..Office etc....Got a new DELL last year and none of the work applications were included.
I think those that get on board will probably be ok..This is more of a PR play by MSFT. They are offering but there are plenty of machines that are in use that cannot upgrade, those that won't, and those on the fence that will miss the deadline. But their will be won goodwill since the offer is made for all.
It is if you upgrade within the year they are offering it, just read something yesterday
http://www.theinquirer.net/inquirer/news/2414411/will-i-get-windows-10-for-free-the-inquirers-simple-ish-guide
And MSFT is offering free upgrades to customers to switch to 10 by end of July with free upgrades to 10 for life of product
Alea..there was post over the last few days that hit it on the head. The VSC or virtual smart card has been around for a long time and there are companies on the heap of scraps over the past couple of decades who tried pushing this solution. Part of the problem could be a "we have seen this before" reaction before they can even make the pitch of it being new and improved.
In the age where technology moves by leaps and bounds, this could be a hurdle to something that might be perceived as being repackaged. If that is the perception that that is a very difficult hurdle for the company since it looks to have placed the all it's eggs, and nest eggs of the longs, in that basket.
Probably another shareholder attempting to execute what has nearly always been the failed strategy of buying hoping that there will be news coming out of the ASM. Then what you see today is the peeling back of some holding by other over invested longs when nothing that is going to affect their investment in a positive manner in the near term materializes.
The near future holds a delisting notice and a possible 180 day stay-interesting to see if their history will effect the decision to allow the 180 day stay a trading range that seems to be in the mid .60 and more dilution.
The price of a stock is often a forward looking indicator and it has been as such so very often as it pertains to wave. There price has been stuck in this range for weeks. The volume has been anything but exceptional.
Reading these signals has been far more beneficial than some hopeful posting.
Be ready to the stock still in this range when the notice from the NAZ is sent.
Right on player....The saving grace for him in the eye of the investor is he isn't soiled with the same taint of the previous ceo. Family ties, BOD etc...
And yet there are posts by longs looking to buy and average down from this level!. I think we still have a very good run left in this fantastic bull market we have seen. There is still too much cash on the sidelines. I think we are at the middle of this run.
How does missing a rise that never came feel when you compare what a simple index fund has done over the past 6 years? Hell, look at the market today!
A simple strategy that has been very apparent for some time, continually ignored by so many, but proven yet again.
It would be real interesting to see how much revenue off of all those mentioned were derived from sources other than people who had ties to the company or shareholders.
I have to believe that percentage to be in single digits.
Wouldn't be the first time that term could be attached to a product or offering....wave meter, wavexpress, ISHOPHERE, scrambls, all sucked money, diverted might be a better term, from the core business. I wonder how long it took them to pay off the lease for the equipment used to broadcast the olympics on wxp, only to shut the doors on that money pit mere months later...
Dilution stage company is correct because the most successful product they have sold to date is shares, bar none.
The price and the volume aren't doing much to instill confidence that something on the horizon is lying in wait.
Not true. Once DELL came on board everybody thought it was game set match. Then there was BP GM and a few others. Correct me if I am wrong about a RS going down after these. Refresh my memory as to how many millions of shares and dollars were infused into the company after these deals because they were absolutely needed if they wanted to continue as a going concern.
I am stuck with 464 shares that were once 5,568 that tell me otherwise.
Alea...I have resigned myself to the fact that I may have to ride my 464 shares down to zero if this company does not pick up the pace.
To me that speaks to me that the priority is keeping shareholders engaged. That is still the number one priority in lieu of sales. Which to me cements the dilution stage theorem. That the company has not ever hit a stated goal that was floated to the shareholders speaks untold volumes- especially when it's very evident what sort of reaction is elicited by this sort of language.
Those questions could have been posed every week of every year since at least 2005 and that's being generous.
Tampa, there were people commenting on the 435M loss up to this point in the literature released with this offering as if it was the first time they ever saw this!!
That how they are able to continue to sell. How many investors have never taken the time to read the documents files with the SEC? How many investors have relied on the boards as the sole source of information? How many have posted on these boards that the information in those reports is there just to cover their ass and is standard boilerplate?
How has that worked out?
That's one hell of a reality check for the long term shareholder, some 20 years in, celebrating the companies ability to meet a listing requirement by diluting the share pool yet again. Not by product sales but by sale of shares.
How many times greater is money derived from the selling of shares versus revenue from actual product and service?
I want to see the reaction by end of third quarter if there isn't substantial sales being
reported.
I can see the same rinse wash repeat scenario playing out. There is already commentary about this not being done without a deal coming.
If the price dips into the .50's from here the move to the .80's will have some thinking something is imminent and it could be nothing more than these fresh shared being pawned off into the so called strong hands with emptying pockets.
I think there are a couple of things at work here. On the face I believe this could be better under certain conditions.
It is known that Solms really did not like funding the company on the back of the shareholders via the PP, I can remember reading as much. That being said, PP has been done under his watch.
The cynic in me asks if the usual suspect want no part of a PP at this point given what might happen to the share price with no revenue producing deals imminent and a 180 day stay of delisting release coming around the bend which could hamper the quick bucks that tend to be made.
What I would be concerned about is this. The success of this offering would seem to hinge on a revenue deal being announced shortly. I don't think there could be much interest at these prices right now. The offering will take longer than a placement and a few things I have read say there is more cost associated with it, if it follows along like an IPO would. A price could be more readily set in a PP. The price in the offering will have to be determined since it will be on the open market, and I will assume there will be a price floated out prior to the shares being offered for sale. I find it interesting that warrants are being offered as well..this could be a hedge to bring in cash should a sale not close before the offering is done.
The warrants will probably be offered at a steep discount IMO.
It will be interesting to see the price and volume action prior to the offering to see if it differs from what we usually see before a PP. Many shareholders get excited to see the volume and price spike and get sucked in only to see the PP pr released.
Public Offering vs. Private Placement
Explain the Differences Between Private Placement & Public Offering
by Geri Terzo, Demand Media
Because of the lack of regulatory oversight, private placement deals are deemed riskier for investors than IPOs.
Both private placements and public offerings, such as initial public offerings, are ways for you to raise money to grow your business. One, the IPO, is a very public manner in which your business can expand and involve outside investors, while a private placement is less spectacular but can be equally effective in helping your company reach its potential. The approach that's best depends on your ultimate goals and whether or not you want to open the door to a small or large number of outside shareholders.
Private Placement
In a private placement, you sell equity shares of your business to a select group of investors. The target investor audience for private placement deals are accredited investors, or those who earn at least $200,000 annually or whose net worth exceeds $1 million, according to a 2010 article on "The Wall Street Journal" website. The investors, who you are responsible for finding, although you could enlist the help of a broker, agree to buy and hold the shares for a predetermined period of time and in exchange are offered shares of the company for a discounted price. There's not a lot of paperwork involved, and you don't have to register the deal with the U.S. Securities and Exchange Commission.
Public Offering
The most common type of public offering is an initial public offering, in which equity shares are offered to public investors for the first time. A secondary or follow-on public offering occurs when you want to sell equity shares in the public markets after you've completed an IPO. After a company has gone public, it is regulated by the SEC and must disclose quarterly and annual financial performance to the public. When you list shares in a public offering, you're inviting shareholders to not only share in the ownership and profits of the business but you're also allowing them a vote on the future direction your company takes.
Related Reading: The Difference Between Public & Private Non-Profit Organizations
Advantages
The federal government made IPOs more small-business friendly as a result of public policy that was passed in 2012. The rule, which is named the Jumpstart Our Business Startups Act, was formed to support hiring, and it lessens the otherwise extensive financial reporting burden on small businesses filing for an IPO. Although you may not earn as much money in a private placement compared with an IPO, the expenses associated with a private deal are less. Private placements can also be completed quicker than IPOs, and if you value your position as a private entity, you don't have to sacrifice that privacy but can still gain access to liquidity, or cash, from the deal.
Disadvantages
When it comes to a public offering, such as an IPO, a potential disadvantage is time. If you need to have the capital that will be raised in the deal, you're probably not going to see any proceeds for at least six months from when you begin the public offering process. A potential drawback with a private placement is that the deal won't get as much attention as it would in an IPO. That's because securities laws limit the way that you can advertise a private placement, and as a result the deal may not generate as much investor interest versus a deal that is more heavily marketed.
You getting in on this placement like some others before?
Simple....The numbers have been getting worse every quarter. You can count the sale they announced earlier, but in truth it is only a band aid that eases the removal of the DELL revenue number. Without any announcement of new revenue coming forward this offering will put downward pressure on the shareprice yet again. The next news coming from wave will be the 180 extension for compliance to stay listed on the NAZ.
Now, one could make the argument this isn't going to happen, but this is wave, and there is a track record here that says this scenario is more likely than not. Until this brown fecal stain that taints your portfolio shows otherwise, I stand in wait to be proven wrong.
Shame on anybody who did not see this coming....
With this company, it is easier to conclude that nothing is happening rather than something because of the HISTORY that is quantifiable over a number of years. One can argue the reasons why, but the result speak for themselves.
It's not a stretch to say the stock price is in a precarious position right now with the deadline requirement approaching. The argument can be made they will get an extension, but that only changes the time line and not the condition. At the end of the day there are things they can do to regain compliance-reverse split- but that does not change the condition of the company.
I truly believe that the company does not have an impressive enough portfolio of completed sales, and servicing going forward, that go back far enough to make some potential customers feel at ease committing resources to products in wave's portfolio. When you couple that with the HISTORY of financial difficulty over many many years, that's a tough nut to crack.
How many times have we heard how awesome it that the company has no debt. How many potential customers may have seen this and privately wondered why the company hasn't used financial institutions to fund the business?
I see them emphasis always put on the product and how one cannot understand why the product has not been deployed--we are not even going to consider the pros or cons of the ease of use right here- and not enough on how much the lack of sales and financial condition of the company may be factoring into the decisions of these potential customers.
Think about how many times the company has gone to the well for financing on the backs of the shareholders in the last 5 to 6 years!
If you are a potential customer doing it's due diligence pull out Safend and Dell revenues over the last few years...
I just don't know when you take all that into consideration if you can commit your companies resources when you still have other choices available to secure your infrastructure- choices being the key word-not exact same thing.......
That chart explains more than any dot connecting could ever hope. I would hope that information was something shareholders gave high consideration to.
1.5 to 2.2M is the number I was thinking
Zen I think we will see a better number in this quarter than last because of the recognized 2.3M I think the number will be right around 3.8 to 4.3M if it's less than that it's a friggin disaster
I submit a 1 for 50 so the shareholders can celebrate a double digit shareprice for a few weeks and thrill to the low float they enjoy that will ensure rocketfuel when those deals are announced and the shorts get fried...and then they will have all kinds of shares to lure talent with in lieu of cash...an and an an an they did it with borrowing any money......or so I have read something like that before somewhere.......
Barge that was their way of trying to square up a 1-12 on at least one of your shares