TKC: When is 70 cents a share not better than zero? Why would any entity buy a company [Wave] in business for 26 years without ever making a profit?
Wouldn't a purchaser want to see something significant coming in on the bottom line from time to time?
I know you stand in deference to senior military men, but my experience was few of them deserve such praise. Many of them gained rank by sheer seniority, playing politics and sucking up to superiors.
There were many however, who made their rank on the basis of their own leadership abilities. But I believe this type to be in a small minority.
That said, I have not seen where Lt. Col. Bill has demonstrated any of the skills you associate with successful military men. He set goals and didn't meet any of them. He told us to stand by for something big, and whiff! Nothing.
Bell ID--done by August? What the hell, five months late isn't the worst sin, except none of the other bright, happy scenarios Solms laid out have come to pass. Sorry, TKC, I don't know how else you would quantify and qualify his CEO-ship, other than calling it a failure.
Where is his leadership when it comes to doing exactly what he called for? To be held accountable by the BoD and the shareholders? Has he held himself accountable? NO! He's playing dead in his foxhole.
I do give him credit for the good things he did, but by setting big goals, failing them and then hiding instead of taking the blame for premature blabbing--sounds like the kind of leadership that lost the Vietnam War to a much poorer, but scrappier country.
I'm happy to give Bill his due, if he comes through. But here we are in the closing days of the first month of the first quarter and still nothing-- and Bill is peeping through the blinds at Wave HQ, knees shaking and with a bad case of lockjaw.
If you can not make accurate predictions about Wave's success, shut the hell up. If you miss your targets or goals, be a man and explain it. Don't hide and hope it blows over, or cross your fingers like the supporters and optimists do, and pray someone will sell something for Wave before the house of cards comes tumbling down from within.
Even the supporters are grumbling. Are we better off today than two years ago, with His Porkulence at the helm? SP is a lot lower today. Two years ago on this Wednesday, Porky was still steering the boat with the SP at $3.96. Today we are at either 69 or 70 cents, depending on which account one depends for stock info.
I know it can all change with a single good sale. But that will not undo the damage to Solms's credibility, nor shore up our confidence in his visions of the future. So, feel free to stand at attention and salute when Lt. Col. (retired) and Gen. Patton march by, lockstep in a lonely parade.
My salutes will come when something positive happens, if ever. But I will not forget the cowardly way Solms hid and clammed up when we needed his leadership most. Especially after telling one and all he wanted to be held accountable. That bell will never come unrung.
Blue
