It is nice to see all the positive signs for the future the posters mention. It would be even nicer to see those positive signs turned into revenue for a change.
If Wave is exciting interest from buyers, it would be a welcome change from the past, where we had all these indicators of success, without ever having the success.
If Wave is gaining momentum, the first place it would show up is in revenue--as in sales. Without new sales, those positive signs become more dots on the road to Wave's ultimate destination.
Without sales, that destination is not a good one and we will be reaching it sooner than later, IMO.
The pressure of the de-listing notification is heating things up too, because whatever progress is being made, another de-listing notification going out will signal prospective buyers Wave continues to have fiscal stability problems.
If Wave doesn't have any news to report by Thursday's close, by my count, we will have reached the threshold for a Naz de-listing warning--that could come as early as Friday or early the next week.
The SP's slow decline over the last few weeks and months on low volume underlines, highlights and complicates Wave's future going forward.
As if the SP de-listing warning notification wasn't bad enough, Wave must also contend with a looming market cap deficiency warning. If prospective buyers are sold on Wave's tech, but then look at Wave's financial stability, one can see why nervous buyers might go in another direction.
Wave will soon have to confront the tough issue of raising more money. Of course Wave can use the shelf registration, but more dilution on top of a ton of it is liable to lower the share price even more, requiring even more dilution.
Obviously, sales are the cure for all of these ills facing Wave. All Solms has to do is sell. It appears that is most difficult to do, judging from the long period of time between now and the last big sale. New mgt and new sales people have not helped, yet.
Solms's goals have blown through the timelines he set for them and now there is nothing but silence from Lee. It is unnerving for those watching their holdings shrink and shrink.
It may be even more disconcerting to those in mgt watching the market cap decline rather rapidly below the listing min. of about $35M and seeing the shaky financial footings with all the threats and failed goals out front in the showroom for all to see.
No signs of the turnaround are obvious, in opposition to what our new CEO said would happen as early as last July. No signs yet of the turnaround, instead, the signs for investors look worse and worse, IMO.
In March we get the full report on Q4 and a few week later we get the Q1 2015 report. If either of these quarters end without new and significant sales, I wonder how many will stick around? And how long might Wave exist if both these quarters go by with no news?
Blue
