Wouldn't imminent sales mean Wave wouldn't need a new shelf?
I think Player's comment is on the money. Wave has always used every placement, every shelf, the ATM, in the face of claims from "inside info" it would not be needed.
It happened again and again, despite those who consistently said variations of "this is the last dilution Wave will ever need before going cash positive," but, there were always more of them. Sales did not flow from the oft-primed pump--nor were the funds put to good use. Funding Scrambls and other foolishness is how the money was spent.
I can't see how, in the absence of sales, Wave can avoid going back to the dilution market, yet again.
Even under the new guy, things seem to be going down the same path SKS trod.
I can't believe Wave won't use the new shelf. Claiming it is insurance, or back-up for companies concerned about Wave's financial health seems more effort to keep the delusional balloon afloat in the absence of revenue.
It would be more palatable and more believable, if Wave didn't have the hideous history it does. Next month, less than two weeks away, Solms will have been CEO for a year--while we wait in vain for a single significant sale.
Is there ever a time to use the label 'failure' on a company which has done nothing but fail spectacularly for more than a quarter of a century?
Even with the rascals thrown out, the fat cut away, sales always seem to dance tantalizing in the distance like a hot highway mirage of water just ahead.
When do we realize it's a mirage and there is no water?
Blue
