In short, echoing wd, (or to make a short story long)
the process seems good. The process appears methodical. The construct has completeness to it, that is it has defined objectives, a defined strategy to meat those objectives, parts are evaluated through the lens of their contribution to those objectives.
The portfolio and market were examined, adjustments were made to mesh the product and the market, a time frame was established and communicated, funding was acquired, funding levels matched stated timelines. Adjustments were given time lines, events occurred in a timely fashion confirming the adjustments.
Concurrently, culture was addressed. House was cleaned and reported as such. Compensation amounts and methods were changed and officially reported. The seniors put 20% of their annual salary in cash into the market. The CEO owns more shares than I do, fancy that.
Obviously, it all comes rather simply down to a single question: Is Solms correct? Is he correct that the market demand for VSC is real and now, is he correct that Wave's buffed up VSC meats that demand, is he correct that the volume of that market will demonstrate traction within the time afforded by the placement ...
One can flop around all they want about how he must be wrong because their own models indicate they should see this that or the other thing by now, but such speculation is certainly outside the plan as laid out. Now, is the clock ticking ... oh yes, but it is not over-time, it is till part of the regularly scheduled game, the whistle for half-time blows on Tuesday.
He is publicly sticking with the schedule. Only time will tell.
The above content is my opinion.
