Dig, that's funny.

I too cannot comment on the hire without knowing the need and his specific ability to deliver. One thing the people on this board fail to realize is that leadership skills are very portable. If you are a great leader and have half a brain, that skill is basically portable to any leadership role.

In my years in business, I have learned tenure in a position means squat. Tenure is extremely over rated. People who are motivated, have solid leadership skills, and have half a brain will do well anywhere. I have no sense of Patton's ability because I do not know him and did not interview him or those who know him.

It sounds like many on the board have it all figure out. There a lot of people on these boards who presume their smarts have no limits. He may be an awful hire or a spectacular hire. You sleuths are not figuring it out one way or another because of the simple fact that he was a General.

There are some gross generalizations being made based on background. Like many here, I have hired people from a variety of backgrounds. While people who share a background **may** have some things in common, the discussion here is basically plain silly.

The CEO made a hire based on his perception of what was needed in the organization. From my understanding, he was very familiar with Patton. This is the best kind of hire from the hirer’s perspective, one whose skills, ability and character can be attested to by the person doing the hiring. He may be a terrible hire or he may be a spectacular hire, this will be determined by Solms's intimate knowledge of what was needed. He either understands what is needed or he does not.

Texas, I highly doubt these small news releases caused prior run ups. It was probably not in the plan to release anything, but it seems shareholders probably presume no news = no progress. I believe this is a crew who would prefer to let progress speak for itself, but obviously everyone is impatient and ready for something tangible.

Any run ups were probably related to people trying to time end of quarter announcements. Bill and company are probably going to defend the price when needed, but it is clear to me this group wants to do everything in its power to distance current leadership from the ways of the previous administration. If you think Bill is believable and capable, you & everyone should be extremely excited about current possibilities.

Given the current stated strategy of going after larger customers, one could infer that there may be a few large ones among the dozens...otherwise it flies in the face of the stated strategy. Obviously it will feel better for everyone if/when the company can demonstrate the tangible rather than aim for it. Until then, there are going to be a lot of opinions that are aimed at tugging the wallets of readers of these boards one way or the other. There will also be opinions like this one that are not based on any specific agenda, but are exactly that; opinions.

I think the prior admin did not lend itself to logic. I believe logic will once again rule the day. I think it is important to understand what motivates people. When I compare and contrast current and former leadership, I don't see a lot of similarities. So using old Wave as model for new Wave is off base in my opinion.

Until there is something tangible, everyone is a genius because it is all theory.

Wavey,

the old Wave no longer serves as a meaningful point of reference. This is a new team, with new ideas, new philosophies and with different motivations. I understand other posters wanting to focus on past failures, but that was a different team. If anything, I believe this team has tried to down play things until they can demonstrate the tangible. There has been an obvious desire to distant themselves from the ways of old.

It will be interesting to see what happens when stated pipeline closes.

Dig, I believe progress is being made. Everyone wants to see results now and it has been easy to understand shareholder frustration given Wave's history. The reality is this is a different regime with a desire to deliver real results.

When Bill speaks about progress, I don't think he is talking old Wave progress. I think in his dictionary, progress truly means progress. As I have stated, I think you will see them continue to step on the gas as progress turns into tangible results shareholders can see.

Blue,

Let's just see how things play out. You never know, you may be right. It sounds like myself and some others think differently. It is understandable that investors and other interested parties like yourself would have consternation considering the inability of the prior regime to deliver. The good thing is, this is not the old regime and these are individuals with different skill sets and different motivations.

I will also add, **if** we inflect, there may be some whiplash. When trust is earned, credibility is gained. Words will once again matter. At present, words have fallen on tired ears and for understandable reasons, have no meaning. The fall out from the prior regime is far and wide.

Bluefang,

Previously, I think many had to suspend instincts to stay invested. Trust is earned, but sometimes you just know when you recognize it. I think progress will be measurable. I think if Bill wanted to sell the story to shareholders, he could have done a better job. I do not think that is the goal. I believe there to be strong desire to do things different than before.

As you can see, the above contains "think" and "believe". I will tell you, I think I believe! The bottom line is sometimes logic does not work. When it doesn't, there is a reason. See the prior many, many years. Logic is working for me once again. I see harmony in the equation. I hope we will all get proof the answer is what it seems.

Orda,

I think there is definitely some of that at work. The sad thing is there are many honorable ways to make money. The good thing about life is we all get to live with our own choices.

I think all agree that Bill seems like straight shooter. If he is not grossly incompetent and has a true handle on what he says, the picture looks much more interesting.

As it stands, Wave shareholders are unmoved my Bill's words. If he wanted to sell sales to investors, he could have done a much better job. I think the focus is on selling product...as it should be. The rest will be what it will be.

True, hence a broken shareholder will. The one thing I have learned over the years is your words either mean something or they do not. At present, I believe Bill's words mean something.

I am also going to state once again that if traction is demonstrated, things could change in a hurry. I absolutely believe if traction is demonstrated, we will see follow through and sales continuity. Wave shareholders have never seen continuity.

I don't think Bill is interested in selling progress. I get the feeling the desire is to demonstrate progress and sell product.

Wouldn't it be ironic if investors believed when belief was not warranted and doubted when it was. I'm just sayin'...some people are believable.

I think it may be a mistake to judge silence as bad. It may not be good, but it does not necessarily imply bad. I believe progress is being made. I also think that if Wave demonstrates traction, follow through and momentum will occur.

I think a lot of Wave investors do not want to be get caught in the old "fool me once" idiom. I think if Bill can demonstrate traction there will be a collective sigh of relief. I also believe that **if** they gain traction, they will maintain sales momentum.

A little relief from nothingness:

D&O,

you make that sound like a long time. It is only 20% of an average life. :)

Time flies when you are having fun!

Confusing post you write kisamura. You accused the guy of using connections to get a job. Then you state, "do you think wavx software will sell itself without the connections?" Which is it? Connections are always used in business. Hopefully Bill has tons of them and knows how to leverage them.

Kisamura,

are you telling us most people do not use their established connections? Time will tell if Bill was a good hire or not. Let's not engage a smear campaign based on nothing of substance.

Blue,

everyone who prognosticates more of the same is right until Wave proves them wrong. Who am I to presume more knowledge about the current situation than the CEO. Since I am not afforded that particular lens, I will trust the CEO is doing his job and is making progress as stated.

I don't profess to be right, however, I am open minded to all possibilities. It will be what it will be.


In the meantime, count your blessings:

The company will continue to work on selling its products.

All is not necessarily full of despair Blue. There is a chance you are right and Bill is not good at forecasting business. If that is the case everyone should react with despair, hopelessness and absolute forlornness...not! You need to cheer up a little bit and count your blessings!

Dig, that could be the case. However, I presume if people new for certain that Wave would close this gap there would be some buying.

I think if Bill's words come to fruition, the inflection point could be sharp. The CEO's words would once again carry meaning. This has not been the case around here in some time if ever. I also think this is a group that will maintain momentum if traction is demonstrated. Based on the CEO's words, this should get interesting.

Title,

You said what I said, but preceded it with "No". Me: "I will believe it when I see it has definitely taken over." You: "No, I think investors are more inclined to think lets see some proof before we plink down anymore money..."

If investors want proof, they are not believing or trusting that the CEO will deliver in his stated time frame. If Bill's words were credible in the minds of shareholders, they would be investing.

Cartoon,

based on that, I believe he (Bill) will be believed a lot more or not at all in the not too distant future. When you deliver, you become believable. The Wave credibility gap has been bigger than the funding gap. I think Bill expects to fill both of them.

Cartoon,

a questioner during the presentation was trying to understand this gap. As Bill pointed out, they are not sharing forecasts. They are no longer reducing expenses so there is only one way to fill it. Shareholder are not buying it.

It is a pretty big gap and implies some relatively big revenue news events in the not too distant future. Shareholders are either not listening or not believing. I think there is general disinterest in words at this point.

Based on the share price activity,

most investors either believe Bill is lying or that Bill has overstated Wave's position. It is very interesting. I wonder if this is a carry-over effect from the prior administration or investors simply not believing the message. I will believe it when I see it has definitely taken over. Wave is officially no longer a religion!

It is somewhat interesting that the prior administration's expectations appear to have had more credibility with shareholders than that current administration. Very fascinating stuff.

24601,

a dream will remain a dream if there is no action to make it so. The first thing that has needed to be done is for Wave to make money. There are good plans on the table, but plans need to be funded.

I think most would agree, this thirsty shareholder base does not want any more mirage dinners and will be happy to have basic thirst quenched.

I just listened to the Craig-Hallum presentation. I heard no back pedaling from prior statements. I heard them being reinforced. As I have previously stated, that can mean only one of a few things.

As it stands right now, Bill believes the company is adequately funded until the company is cash flow positive.

Blue,

I guess we shall see. You think the current CEO is about to do what the old CEO did. I disagree. I think that sums it up pretty well. The share price has muddled so no one feels too strongly one way or the other. When Wave hits $50 a share you will thank me for being a beacon of light amid this sea of despair and gloom. When Wave hits 10 cents I will say man I should have listened to Blue!

As an FYI, there is a void of facts so you are using supposition to support your hypothesis that Bill is a snake or a snake oil salesman.

Your logic and statement of facts:

1.) there has been no revenue related news
2.) hence, no progress is being made
3.) Bill is just like Steven

As I see it #1 is fact and numbers 2 and 3 are your theory disguised as facts.

1260,

perhaps there will be something positive report. Perhaps not. At this point, Bill's credibility is on the line. So far he has been credible. Hopefully we migrate from structural achievements to revenue related achievements.

With Bill recently reiterating his position, we can assume one of three things. 1.) He is on top of his words and things are progressing as expected 2.) He is intentionally deceitful for the sake of deceit (no capital raise needed yet), 3.) He blundered and things have not continued on his expected trajectory.

I don't think he is a number 2 kind of guy and I think he is keenly aware of Wave's past to blunder so badly (3). My money is on number 1, but no one knows anything for certain until money flows or time passes and it has not.

Blue,

I guess we will see soon enough. Perhaps they have something to share when they present. Perhaps not. We will find out one way or another. Your view is well understood by all...not saying you do not have the right to repeat it.

John Chambers must be stupid too, considering Cisco won an award as well. Same with Sanjay Mehrotra from Sandisk. These guys should have consulted with the anonymous Cypher before paying the small entry fee.

Checkinin,

if you have sold before, you would know that awards and press coverage all help in the sales process. Does this guarantee sales? Heck no. However, anything one can use to leverage credibility and expertise in the sales process can aid when selling.

To your point, everyone would like sales at this point, but let's not call an award or press coverage something negative.

Huh?

You two have just made more of it than anyone else. I think people realize this is at worst, not a bad thing.

Blue, you presume I do not verify. We will have to agree to disagree on this one. Until Wave produces, those who say they will not produce are correct.

Blue,

what can I say...at this point you are right until proven wrong. I personally did not attach much hope to the Bell deal. I presume it will be developmental in nature. That stated, it goes without saying that everyone wants to see every company announced date hit. In a normal business, no one would think twice about this date, but this is Wave. There is not too much else to discuss. This seems like more of a legacy issue for you.

At this point it comes down to revenue. You either believe Bill or you don't. His credibility is riding on the outcome. I still believe in what Bill has to say unless he gives me a reason not to believe him.

Blue,

you seem like you quote and trust Bill when things fit your theory, but ignore him when his views implode yours. I think it is a bit early to be writing epitaphs. This is not the old Wave. The company has been rewritten. Will this lead to a different outcome? Tough to say Blue. The CEO has guided. You either trust him or you don't. It sounds like you kind of do.

Dig,

no doubt. To my last post about this place being barren, every piece of information furnished by the company is analyzed and then analyzed again simply because of present and long on-going circumstances.

There is not much else to satisfy the hunger in these parts because everything else is theory and speculation which leaves one empty, still hungry for more.

I still say Bill had an opportunity to back pedal and did not do so. Cleary he is apprised of the pipeline. Either he is seeing the same ghosts Steven saw or he has already tasted what is flowing through the pipeline and it is real. Time will soon tell.

You have to remember, this place is barren. One drop of water keeps the village going for months. Only the tough survive in these parts. We drink sand to survive! :)

Dig,

I could be wrong, but I think investors were looking at Bell Id more as a barometer for meeting/beating expectations rather than from the standpoint of immediate revenues. This appears to be at the very early stages.

Tough to say what sector the company is expecting things from since very little guidance has been given in this regard. I agree with you that anything of significance will be related to either SEDs or VSC.

Blue,

also on the naysayer comment, I did not mean to offend. I hope I have to excuse of you of being overly optimistic one of these days.

Unix,

it is for that unique reason that I truly hope Bill can deliver.