NW: Of course I have no inkling of what goes on inside Wave as to financial planning or need.
However, if on Nov. 6th, Wave mgt did not know they might need to apply for a $15M shelf registration in less than two weeks, it suggests either incompetence in planning, or sneakiness in not disclosing it during the Q3 CC.
The third possibility is a big order came in and Wave knows it may need more money to service it. This possibility seems complete nonsense to me, because at the CC, Solms reiterated his statement he thought no further financing would be necessary.
But I suspect there is another question concealed in your query. If so, please come out and state it. Or is your theory, possibility #3?
Regardless of whether the true answer is either of the first two above scenarios, incompetence or sleaziness, it sure feels an awful lot like the previous, devious administration of Wave.
Am I seeing it wrong?
Blue
