Yes, down another 3 cents, down another day below the Naz de-listing notice clock. The end of the quarter and year is passing into history, much the same way 2013 went--with all of us waiting to see if the new CEO could do better than the old one.
Thus far, he has not reached either of the first of two goals he set with timelines, and reiterated numerous times, as late as last month publicly.
Given the history and the outrageous predictions from his predecessors, why on earth would Bill Solms publicly set a couple of timeline, unless he had them in the bag?
Perhaps, lurking like the Big Bad Bogeyman, is the nagging fear Wave products are just not marketable. All new sales people. New and fewer executives replacing ineffective and numerous old execs. New sales plans and tighter focus. After a year, we regret to inform you, not a single reportable sale has been made.
Bill Solms asked to be held accountable by the shareholders. On New Year's Day, if there are no sales announced, there'll be some questions. Among the questions will be Bill's judgement. Did the little general take command?
Already, I see arguments that we should just accept the delay of a quarter or more of the delivery we were promised in summer and reaffirmed in fall and winter by the company's CEO.
This is what accountability looks like, Bill. Like you having to admit you are full of barnyard dressing for setting goals you couldn't keep--not one, but two. Especially after the last rodeo clown we had for more than a decade did the same thing.
If you can't guarantee something, as much as the little general urges, you have to keep your pie-hole shut. It's delivery we are starved for, not more promises. Maybe, unlike your predecessor, you might try honesty for a change.
Blue
