Cartoon, et al: It may be a matter of a few cents, but IMO, the de-listing notice is going to hit hard--ICBW.
I'm not beating the drum for anything positive or negative. But if I have missed something positive about Wave recently, please inform of the oversight.
Wave has performed poorly despite a pretty comprehensive overhaul of mgt and sales. The CEO publicly set goals which were missed pretty badly.
The share price is declining and the Naz de-listing warning notification was triggered today.
Wave just did a shelf registration and it looks as if that $15M dilution will be used to pay operating expenses in lieu of significant sales that continue to be predicted and just as continually elude actuality.
Where is the positive in that picture? Those are the brutal facts and yes, they are quite negative, but (1) they are true and (2) they are relevant to investors. They accurately reflect what a bad place Wave is in for investors currently.
Sales could completely change the picture. Unfortunately we have been waiting for the new team to bring home a significant sale for a year.
In the meantime, Wave's share price will continue to drift downward in lieu of sales.
Blue
