I keep looking for positive signs of engagement. The mysterious govt contractor for such a "modest" sum it wasn't even mentioned, does not belong in the engagement column, IMO.
Neither do the pilots--dozens or none. They collectively mean nothing, until one of the triers makes an order of substance.
In Wave's past, there have been at least two or three other pilots with the US Govt. --always for modest sums. There have never been any follow-on sales--they would have been announced if there were any.
Going this late into Q3 and a third of the way through the last quarter of the year--all without news of sales of significance is troubling.
The missing launch partner is but one piece of the puzzle--but a valuable piece, when combined with all the other signs of nothing and no evidence of anything.
Let's wait a week and see if the Q3 is going to be as bad as I expect. We'll also be able to see whether there has been new business or not. I can't believe if there was new business, it didn't leak out somehow.
Why would mgt allow its shareholders to feel the hopelessness of more of the same old, same old, if it had the outright counter to it? Doesn't make sense to keep it a secret.
Let's chat again when we have the numbers.
Blue
