Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Alea...that pretty much coincides with the DELL readjustment in payments I believe. I remember the wavoids being non-plused about this event because of the payment being raised on another product-which I don't think the sales of even raised a blip on the radar.
Dell reported a pretty terrible last quarter which I am sure with affect the bottom line reported on Monday.
I also believe this result for DELL is what is fueling the move inside DELL away from a PC company towards more of a service provider. I think this has been brewing for some time and is what drove their purchase of Credant.
This move is one that I think the wavoids have discounted. I think a solution provided by a known brand is a real problem for wave going forward if they cannot capitalize on this market in the near term.
If this PP was used to raise funds to pay guaranteed bonus's due and the results for Q4 reek, this PP tips you off to how crappy Q1 is going to be as well. Once that happens you could see more agressive shorting happening.
Problem for wave going forward is they have the compliance thing hanging over their head and the company already stated they would do another RS if thats what it took to regain compliance. The closer that deadline comes the more zeal I think you will see the shorts undertaking-especially in abscence of any revenue-real hard revenue being paid now, not in the future, news release.
The last day to start the final 10 day compliance would be June 24th
I agree. According to the filling and that was in July of 2012 they had until Jan 10th 2013 which they did not. They were given another 6 month period which gives them to July 9th to regain compliance. I think in reality the day to circle on the calender is June 24th. If they haven't closed over a buck for the 10 days in a row by then, that would be the last chance they would have to start the string with the 4th of July holiday in that run.
Is the ASM after this date? It would be intersting to see how the additin of shares would be voted on given this would be a majority of shareholders second time in the RS barrel. That just might be the thing to get the sharelders to say enuff......nah probably not......
Makes one wonder. Any time shares are moved thru the ATM there has to be an announcement made. Can shares that are unregistered by the buyer come from the ATM pile of shares? I would think it has to since those were the shares that were authorized going forward and you cannot just create shares from thin air.
I think there was some language in the ATM agreement about the shares being used at the company's disgression. Since these shares aren't being sold ATM maybe there does not have to be any sort of announcement as to where the shares came from.
Since the shares are not registered I believe they cannot be sold at market.
Is it possible these shares since not registered are being "loaned" in a sense to whom ever bought them to be bought back by the company at a later date and put back on the shelf?
SEC rules prohibit more than $1,000,000 when the shares are unregistered
Rule 504 of Regulation D
Rule 504 of Regulation D provides an exemption from the registration requirements of the federal securities laws for some companies when they offer and sell up to $1,000,000 of their securities in any 12-month period.
A company can use this exemption so long as it is not a blank check company and does not have to file reports under the Securities Exchange Act of 1934. Also, the exemption generally does not allow companies to solicit or advertise their securities to the public, and purchasers receive "restricted" securities, meaning that they may not sell the securities without registration or an applicable exemption.
Rule 504 does allow companies to sell securities that are not restricted, if one of the following circumstances is met:
The company registers the offering exclusively in one or more states that require a publicly filed registration statement and delivery of a substantive disclosure document to investors;
A company registers and sells the offering in a state that requires registration and disclosure delivery and also sells in a state without those requirements, so long as the company delivers the disclosure documents required by the state where the company registered the offering to all purchasers (including those in the state that has no such requirements); or
The company sells exclusively according to state law exemptions that permit general solicitation and advertising, so long as the company sells only to "accredited investors."
Even if a company makes a private sale where there are no specific disclosure delivery requirements, a company should take care to provide sufficient information to investors to avoid violating the antifraud provisions of the securities laws. This means that any information a company provides to investors must be free from false or misleading statements. Similarly, a company should not exclude any information if the omission makes what is provided to investors false or misleading.
While companies using the Rule 504 exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what is known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s owners and stock promoters, but contains little other information about the company.
In February 2008, the SEC adopted amendments to Form D, requiring that electronic filing of Form D be phased in during the period September 15, 2008 to March 16, 2009. Although as amended, the electronic Form D requires much of the same information as the paper Form D, the amended Form D requires disclosure of the date of first sale in the offering. Previously, the first date of sale was not required. The Office of Small Business Policy has posted information on its web page about the filing requirements for the new Form D.
If you are thinking about investing in a Reg D company, you should access the EDGAR database to determine whether the company has filed Form D. If you need a copy of a Form D filed as a paper filing (which will include any Form D filed before September 15, 2008) that has not been scanned into IDEA, you can request a copy using our online form. If the company has not filed a Form D, this should alert you that the company might not be in compliance with the federal securities laws
You should always check with your state securities regulator to see if it has more information about the company and the people behind it. Be sure to ask whether your state regulator has cleared the offering for sale in your state. You can get the address and telephone number for your state securities regulator by calling the North American Securities Administrators Association at (202) 737-0900 or by visiting its website. You’ll also find this information in the state government section of your local phone book.
For more information about the SEC’s registration requirements and common exemptions, read our brochure, Q&A: Small Business & the SEC.
http://www.sec.gov/answers/rule504.htm
Barge that will be an exercise in futillity once wave proves it as such. They have another chance in the upcoming quarterly report. Wether the risk is gone from this stock will be determined by marketplace, not from some DD, not from some cheerleading post, and certainly not because a collective group of posters want it to be so.
A big question that I would like answered by the wave faithful is why did DELL purchase Credant?
I think this presents a problem when your number one provider of revenue purchases a company operating in the same space as wave.
I can only surmise the return on investment for DELL is far greater than what wave adds to the bottom line.
Is it fair to say DELL has a greater reason to push their solution now than wave?
Isn't it also fair to say that since their is no clear leader in this space that it could severly harm wave if DELL was to start seeing the Credant product get a foothold?
Given the precarious financial footing that wave always seems to be finding themselves in, I think this should be a real concern.
I don't claim to be an expert on the technical aspect of this product, but one dosen't have to be a genius to understand the advantage of pushing your own product as opposed to something you are paying to have included in your box.
Capitalism indeed Barge.
Returns, after looking over the history of the company, the history trail, the lap dog BOD, and then if he wanted to put a cherry on top by reading some of the message board postings, poor Jack would be incappable of running this company due to the laughter induced stroke he would probably suffer.
The only way you will ever see new leadership in this company is if it is bought out...period.
The cash flows to the family, the delays are excused by the faithful, the faithful keep the dream alive, the losses keep coming, the failful buy more, the fact that they keep buying keeps the funding option of selling shares alive because the institutional investors know they can turn their shares over, and the BOD offers zero gevernance so their is no change on the horizon, and it's set up in a way where no change can happen.
Why would they want anything to change, as long as the shareholders think change, in the form of value of their shares, is on the horizon?
No there is always risk within capitalism. But, it is the apologists amongst the wavoids that ignore or don't acknowledge that the risk of investing in this company has been heightened by the misleading statements that have generated from the company.
That risk has been heightened by a do nothing board of directors that is entrenched and beholden as friends to those running this company.
That risk has also tried to be tempered by a CEO that has reached out to certain posters to convey a message to make that risk appear less likely to continue going forward and it just isn't so if you look at the guidance that has been coming from the company, and their actions. The huge uptick in employee count, the burning thru of capital resources when you do not have inflow to replace that.
This is what I see, this is what I saw, and this is why I would refuse to pour another red cent into the shares of this company.
It's one thing to say this is a boom or bust stock. I get that. Its wholly another to say that when you have a motherlode of shares already and just continue to pour more of your capital into this stock without any result and only have some DD on stock board to hang your hope on, along with some posters who in their incessant excitement can't control themselves from using CAPS and EXCLAMATION POINTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! to make a point.
Thats just plain foolish and bad money management period.
From Barron's this week about Bershire Hathaway naming Meryl Whitmer to the board of directors.
" ..look for directors with very high integrity, an owner-oriented attitude, and a deep genuine interest in the company.....exactly what companies should seek, but often don't find as they pack boards with compliant friends of the chief executive."
ouch
Board members of Bershire Hathaway are paid $900 per meeting they attend in person and $300 per meeting attended by phone and that is all the compensation they get for sitting on the board.
How does that stack up against your BOD wavoids?
Sincerely,
MMBG
Gucci not a total loss but a huge loss, see this:
Say a long time long bought in during the 2000/2001 era. Trying to get a large position say 50,000 shares
it isn't out of the realm to say the cost basis could be around 12 bucks during that time. So you might have say 600,000 wrapped up in those shares. Gulp...
You then got excited around the Intel/IBM era of 2004. And maybe picked up another 50,000 shares to get you to 100K in holdings. Averaging around 3 bucks a share to the tune of another 150,000
Now you have 750,000 sunk. Now comes the reverse split. Rut row......
But..........you get excited again and you were fortunate to load up your basket and catch the bottom in 2008 at.30!!! you got back up to the hundred grand share mark again.
Now you have a grand total of 770,000.10 cost in your 100,000 shares
value of those shares at todays close?
82,990.
If you didn't rebuy shares your initial 750,000 investment is now worth
27,663.06.
This was as of the close Thursday.
Exactly Alea. Thats why the diversion aspect of these products seems the most plausible. You can only push everything out quarter after quarter until you can't.
By the sheer size of the wavoids and their abillity to want to step up and buy more shares for fear of being left behind has allowed this sort of behavior to be rewarded through the years.
Alea...after all these years watching this company I can only come to this conclusion about all these extraneous products that have popped up over the years that have done nothing but drain money away from a leaky ship.
Let's face it. The only group of people these operators of this money burning operation have ever had to answer too is the shareholders. No debt- no creditors.
Maybe the lack of scrutiny has more to do with not wanting to take on debt than anything else.
I digress.
These "opportunities" take the investor focus off the core business. Hell look at all the talk about scrambles...for what???
I think from the company side they run this crap out there hoping/believeing they can actually generate a few bucks to bridge the gap until the real sales that never seem to come arrive.
The silence speaks volumes. You had DELL having a horrible quarter.
I think you are looking back to back quarters in the range of 6.5M to 7.3M. I also think the lipstick on this pig will be the burn rate will be lower-but because they have cut a lot of positions within the company-just a gut feeling.
Wavoids who have been in forever are sitting on dead money at this point.
Jake, reading between the lines on the e-mail response from your CEO, I think you are looking at sub 7.2M in revenues with the window dressing being a pretty good-sized reduction in force. Wouldn't surprise me to see it under 7M for the quarter either.
From the lack of revenue driven news flow, I think you longs should probably be bracing yourself for a sub 7.5M Q1 as well.
What about the encrypted hard drives that could be sold if we could just get em? I bet to this day they still haven't been enabled on that same number of SED,
so many years later........
Jake, I have to agree with Title on a higher number. Given the rosey outlook that your ceo presented going forward for 2012, I think this year has been disappointing at a minimum. At the very least if I was in the pro camp I would want to see something in the 13M or higher range. if they had revenue coming in or 14M I would have to seriously revisit my take on this company.
There had to be something out there for him to have cast a 40/50M revenue number out. Thats a pretty high number to be casually letting loose with.
I would take another lower number sub 8M as severly disappointing and demanding answers if I was a loyal dyed in the wool long.
I don't think my 1,660 shares qualifies......
From my vantage point if I was a long, the quarter I NEED to see traction in without any more bull is Q3 this year. You will have 2 solid months of the new product out with windows 8 and there should be some discernable action from Samsung. If none of this, or very little amounts of this are evident, then I think everything from the product, the execution, to those running the company can no longer be defended. Period.
Presentation in lieu of profits and a way to keep the wavoids chasing the dream
wildman, you said "The last barrier to for Wave has been removed. The TPM is turned on ready to go. It should be a layup for Wave to close sales in that scenario."
And there is a scenario in which those who think this is the gang that can't shoot straight and expect more of the same.
In your scenario I can guarantee that those who believe opposite to that would start buying back in.
In the scenario I laid out, what do the wavoids do then? More excuses? More waiting? More bnding and scrapping towards lee? More dot connecting? In other words...more of the same?
You won't know the full effect until some time in August and if memory serves correct you will have the annual SHM either right before or right after, too close on either side for the longs to get their righteous indignation in an uproar again if they don't like what they see yet again this year, only to have it tamped out yet again. Remind me once more how much business do they have to do in Q4 to hit that 40M bone your CEO threw out to the believers? And how badly does the credibillity in the eyes of the longs drop if the share float greatly expanded and revenues come in under 7.3M? How much love does the company get from the non wavoid crowd if the revs are north of 10M?
Barge I think you are comparing apples to oranges with your Seagate example. Because of what has come before, I am in no way in the corner of those running the company today, but that dosen't mean I don't think there is a market for the wave product line, no one can say for sure at this point because there has been no penetration in this space to ensure a clear cut winner.
The reason I reject your example is based simple on the matter of market penetration with Seagate and they have had winning quarters prior and a known supply chain and sales history one can track. Not saying this quarter but take the storm excuse Sprague rolled out a few quarters prior, one could accept that in full confidence had Seagate used that because of a sales track. The only measure of hard drives that wave could have/may have sold are on the word of the CEO.
This type of language to me has always had one audience and that is to the loyal supporters of this stock. This sort of language and the disconnect between the reality of what is happening on the business side and what is being said is the reason the stock languishes where it is today, why it always drifts back to where it is. There cannot be new money poured into this stock unless it has been those who have been sold the story by a wavoid....
No words and amount of hope and dry powder from the wavoids can change this, only real traction from the company, and this next quarter...next quarter year over year has done nothing but erode the time value of this money that has done nothing but sit idle in this equity for years now.
A huge concern for wavoids going forward will be the result of wether DELL is taken private or not. Everything I am reading has them leaning towards becoming a service company ala IBM. There is talk of the large margins in offering services, and one can only look to the in house acquisitions they have made and I think this should be of a huge concern for wavoids. One dosen't have to be a business expert to realize the value in pushing an in-house solution as opposed to being a reseller-regardless of what the wavoids think. The channels, conmnections and business partnerships that DELL has cultivated over the years have to have a huge value that they can take advantage of, and this is what should worry the wavoids-especially since the market at large is still very in the dark when it comes to the different types of solutions available.
Wavoids better rethink the DELL contribution to Q4 results if they aren't good. While DELL reported a 31% drop in profit for the quarter today, the sales for enterprise solutions rose 6% and accounted for 34% of revenue for the fiscal year. This could be a troubling sign for Wave if the 4th Q revenue is flat with the bulk of their revenue being generated thru the DELL channel. 24% of the revenue loss was consumer side and 7% was enterpise customer losses.
SLIDING PC SALES
Michael Dell, who typically participates in calls with analysts and investors following the release of results, will not take part on Tuesday, given his participation in the buyout.
Dell has lost 40 percent of its value since last year's peak and is trying to reinvent itself as a seller of higher-margin services to corporations - an internal overhaul that some analysts say may be better conducted away from public scrutiny.
The company, once the world's top PC maker and a pioneer in computer supply chain management, is struggling to defend its market share against hard-charging Asian rivals like Lenovo.
Dell was also hurt by the slide in holiday-season sales of personal computers for the first time in more than five years despite the launch of Microsoft Corp's new Windows 8 operating system.
Dell's worldwide PC shipments fell nearly 21 percent to 9.48 million in the last three months of 2012 from 11.97 million in the same period a year ago, according to IDC.
http://news.yahoo.com/dell-revenue-falls-11-percent-amid-attempt-private-211248167--sector.html
reinventing itself as a higher margin services company pay heed wavoids, the higher margin will be them pushing sales of a service or product they already own, and we know they bought a competitor.....
Here's something to ponder. I see a lot of people tossing out rev figures of over 10M for the 4th quarter. My view on this company tells me know chance, and that is because I lost faith in the dots long ago, and my view of the company is I need to see it, and the third quarter didn't give me any reason to see otherwise. Using that 10M number as a base, and the talk about some product shipping in 30 to 40 days per your CEO, that means the true impact of those sales will not be felt until Q3. With Q2 half over and no announcements as of yet, lets say Q1 underperforms, do you then feel that Q2 comes in under 10M? And if it does, what happens if Q3 comes in under 10M with a whole quarter of the new product that was supposedly shipping?
Would this finally be the tipping point to get the wavoids questioning the leadership of the company?
Or is it just another reason to keep saying it's coming?
Yes but I think those numbers were being presented in a way as to make it seem as if they are having some sort of effect on the shareprice, and I would argue not to the extent they are being portrayed as.
It just magnifies the need for revenue driven news. This stock will continue to languish in a trading area.; Falling down as the longs get discouraged and rising to a point with hope but never breaking out. The stock hasn't really seen a breakout in nearly 3 years, and that can be traced to the near zero follow thru since the auto deal was announced.
The stock moved on hope and promise for years. The market has seen that. One could make the point that the prospects right now are far greater than at any time in the company's history, yet the stock is not trading like it has historically when these sort of opportunities were near.
The market is taking a show me attitude, as well it should. The company has given everyone plenty of reason for this reaction.
So basically since this has nothing to do with the large share float the wavoids are looking to as their rocket fuel at some point, the posting of these numbers is as productive as pissing in the wind.
I take that back, it does expose the wavoids to how the stock price cannot gain any traction without really meat behind it anymore. There will be no more false rallies going forward.
Absent any news that has dollars attached to it, any strange movement in the stock IMO can only be attached to 2 events.
Last weeks odd trading was due to the settlement date of the 15 and these we will see occuring on around the mid month and end of month settlement dates. Secondly will be when the company is adding new shares into market.
Blue right you are about DELL. I think what happens to DELL will be very telling going forward. I think the wavoids and the non wavoids are looking at the wrong view when it comes to DELL and the current events that surroundit. I don't think the argument should be/will be will what service they will be pushing going forward.
The question should be what kind of company will DELL be once they go forward. Look at the type of companys they have been buying. The question is how much longer they are going to be in the computer business. This move more than likely portends a greater push into the services area ala IBM. Same is probably on the horizon for HP in the future as well.
I got timed out on my edit:
Jake here is a non snipping post/ The short numbers for wave came out in Barron's yesterday and lag two weeks. They showed 5,211,384 short on Jan 15th and on Jan 31st they showed a short number of 5,359,404.
I tend to agree with the others who have stated those numbers Kiwi is posting daily are settlement trades.
The time frame between those 2 figures saw the short number increase by slightly over 2.7%. 7 of the 11 trading days saw the volume over 100K per day. 6 of those 7 were over 170K, a few over 200K, and one 377K. If the shorts were really as active as he has posted that figure would have moved further in either direction on that kind of volume given how much credence is given to the shorts in how they manipulate this equity.
That to me is just common sense.
If you take the number of shares traded short during that time frame using Kiwi's data, it shows 33.75% of all trades made the last half of Jan were short trades. With a total of 1,731,056 shares were traded.
584,231 of that would have been short trades
148,020 is the reporting differential, the stock started the period at .89 hit a high close of .99 and closed the month at .95
Jake here is a non snipping post/ The short numbers for wave came out in Barron's yesterday and lag two weeks. They showed 5,211,384 short on Jan 15th and on Jan 31st they showed a short number of 5,359,404.
Blue last I checked Friday was the 15th, and that is settlement day, and like they said on CNBC every morning on the 15th and the end of the month strange trading in the last hour......
telstar..........it isn't any victory in my book if the best a wave long shareholder can say at this juncture is, I own more shares than I ever have, or glad they were able to average down at these prices!!
The lure of the big score and time-not only do these wavoids have piles of money invested they have years waiting along with that cash, and the crew that hasn't changed that has just cemented their belief. The same crew steering the ship, so you have the pull for the underdog-because many of them have been there from the beginning. You have basically the same group of cheerleaders for years in this groupthink- not all of us can be wrong can we?- and those that questioned are ganged up on and censored- casting out the dissenters-they can't be right can they? and thats it in a nutshell. More of a psychological study at this point.
Classic.......
RoRo22 at this point there really isn't much to say to the longs or those who see things based on the numbers. The realists vs. the dreamers.
The views of the longs will not change until the sell out, because they have way to much invested, are convinced this is the correct p[lace to be, and no amount of data that tells otherwise is going to change the mindset. They are entrenched til the end.
Those who cast the jaundiced eye saw something that did not add up in their mind. To many unanswered question, questionable actions that no amount of connect the dots will overcome. What you have on this side is those that still have some shares that have written them off as dead money, but just want to hang around to see what happens.
Those in this camp have no intention of sinking another dime into a single share of stock until the company could prove itself. Those in the pie eyed camp see the erosion in share price as a buying opportunity.
I have been around the block long enough to only know one thing for certain. Of the two entrenched camps, only those with the jaundiced eye will be pleased if the outcome is different from what they see today.
Yeah, and look at the loss per share one year later......and that looks really bad until you realize the dillution that took place over the course of that year....and then really bad gets really worse.
When you look at all the heinous ways that your company has financed itself over the years it would not surprise me that they could find shares from some deep pocketed wavoids that would exercise them at .94. It always seems that the in the know wavoids- you know the ones that take part in the PP- seem to be ahead of the curve moreso than the average wavoid bag holder.
It dosen't take a whole lot of deducing to come to the conclusion that the last quarter was crappy. It also dosen't take a lot of deducing to figure out that wavboids like yourself will make the shares spike on dot dust. Either way I think those guys will make money on those shares before the quarter. Hell their were some trades that went off over .94 over the past week. Even a .01 move would be better than getting stuck with the common bag holders.
Here's some more work for you Jake......
Included in the last placemetn October of last year was this beauty
Additionally, investors in the offering will receive five-year warrants to purchase an aggregate of 1,662,375 shares of Wave’s Class A common stock for $0.94 per share. The net proceeds of the financing will be used to fund Wave’s ongoing operations.
If I recall a lot of stock went off at .94
what was that about sales again?
From time to time through 2014 Jake, or did you forget?
In
late January 2012 Wave entered into an At The Market Issuance (ATM) sales
agreement with investment banking firm MLV & Co. (the "Sales Agent"),
pursuant to which Wave may issue and sell up to $20 million of its Class
A common stock from time to time through July 2014.
Kisamura, these wavoids want to hang their hats on the mysterious customers that don't have to be PR'd, so many buying in incrimental orders that they don't trigger a material event! LMAO
This coming from the company that has PR'd every time they set up a cardboard display!
Please.........
They want so badly to be looked at as a player on this big stage they would PR almost any sale, hell they PR'd consulting contracts in tens of thousands of dollars, and they aren't going to PR a sale??
wow...........
Beat me to it player. With the lack of pr's with revenue attached one can only assume that this combined with reduction in head count is they are operating right now, and it's a good bet the ATM is being tapped as well, and that dosen't need to be reported as a material event.
Off the back, I disagree. I think it's very black and white. That is the only way to really judge this company because of it's actions in the past. The only thing that has any value as it pertains to the shareholder is in the numbers the company reports every quarter. These are the true barometer of this company, not the statements and not the PR's as they have done nothing long term for the individual shareholder.
One can be a shareholder and be critical, even moreso if they consider that money to be dead money if they continue to hold shares. I discoverd that I still had slightly over 1660 shares in a long forgetten account I haddn't looked at in years. The holding onto these shares can also serve as a great reminder and lesson as one moves forward in investing in other stocks, a very powerful reminder. Many here remain because this space is still wide open and not just solely because of wave, tho that's what drew many here in the first place.
Speaking of keeping up the good work jake's dad, could you provide me a link to the last sales, not consulting or deal with an authorised reseller, contract the company signed? Thanks for your good work.
Mymoneybgone
returnsatlast...there have been many strawmen that have been cast as the villians and reasons here, the heartless short, the corrupt MM, the institutions frothing, waiting for the 5.00 line of demarcation so they can shovel bucketfuls of cash wave's way.
In reality, none of these would be offered up to be laughed at if the company would just deliver on it's promise.
The reality finds not much difference in the end result of the decades long dot parade from the voids, and the same PR gas that eminates from Lee. The only difference is the PR's haven't resulted in anything that has allowed the company to sustain itself, while the dot collectors have enlightened the wavoids enough to prop up every financing need this company has ever needed.
The wavoids think that they are being given a gift by being allowed to participate in the PP's when they go down. I don't remember this being the case years ago when they were done. Maybe there is another reason wavoids are being asked to participate that is less than magnanimous.
The share count won't lie wavoids and I think that number will tell you far more than deals in the pipeline that haven't come to pass. It will be intersting to see if the number of outstanding shares that will be flaunted will be end of Q4 or as of the day of the CC.
Mig..........
I think Blue might have a few shares and no he isn't short.
To my misfortune I discovered I still have a little over 1650 shares in a dormant account myself I hadn't checked for well over 5 years.
To look at this company thru eyes that aren't tied to a war chest of shares is truly a vastly different view than one who has been buying over the years, hoping that this next move could be the one. It's the same DD that was being done years ago still today. It's the same anchors that the longs saw holding the company back years ago still today. It's the same language coming from the CEO years ago that resonate with the same empty result on the financial sheet as today, and it's now a larger number of shares in the float after a reverse split that some said would never happen, which may indeed happen again at some point, or not.
That being said, this space is still truly wide open. Those of us who have been here for many years still use this conduit on the wave boards I think as the window to this space, as a gauge so to speak. There have been a lot of shots taken at many of us who don't see things the same way as the cheerleaders and those have been taken in the private message forum where others cannot see and those who cannot see just think the venom has come from the one side. Not true.
In hindsight, what has sitting on the sidelines, or for that matter not participating in the buying of any shares done?
That's the question wavoids need to ask. Truthfully, I don't think this company is still trading without the support of those who still believe.
And what does that really say about this company?
Accountabillity- there is none for anybody making the decisions.
It's certainly not coming from the BOD.
It hasn't come from the shareholders, if anything they validate everything to date by continuing to throw money into the stock only to watch the price drop yet again.
Where is the accountabillity?
There is none.
Want to see an example of no accountabillity in action being led by a genius in his chosen field? Take a look at the shambles that that has been the Cleveland Browns under Mike Holmgren. Hands off owner putting him in charge of all the football decisions. Brings in his buddies, all with the same agent. He collected a paycheck for 3 years and the team is as bad as it was prior to his arrival.
Accountabillity wavoids. You might want to check into it instead of buying the story hook line and sinker when the financials tell you otherwise.
Why anybody would believe anything other than the hard numbers at this point is amazing. Especially when most wavoids have more than enough shares, should this every become what they have been told it would.
One cannot argue progress is being made when funding by the company is being done at the market value of the stock, and there is nothing on that horizon that suggests it is going to change anytime soon.
Words have been proven to have no value from the CC's over the course of many years.