Kis: Doesn't it have to stop going down before it can start going up? What do you see to reverse the current trend?
Do you think Bill Solms's deals went where so many Wave deals went to die--or do you think they are simply delayed?
How do you read the silence from Lee in the wake of the badly-missed goals Solms set for himself? Accountability? You seeing it? Solms asked for it, but he seems to be hiding in his foxhole instead of answering shareholder concerns.
To me, there are only three logical scenarios for his silence at so critical a time.
1. He's about to close a big deal and doesn't want to queer it with a premature blab--or maybe the alleged deal wants no publicity on it. [least likely of the 3, IMO]
2. Deals he thought were in hand, evaporated. [likely]
3. No solid deals in sight--he dare not alert anyone to this, so he keeps quiet less he kills Wave with a little candor--[likely]
Given that Solms well knows the SKS way of doing things, one would think he would set a far different path--yet, from all appearances, it is a re-run of the classic SKS themes--set targets or goals, miss them and then clam up.
In the meantime, no significant sales of what is reputed to be the best solution out there, in the market's greatest hour of need. Does not compute, to me.
It is hard to guess what hand Solms is holding, except that if it were a strong one, IMO we'd be given hints. Wait patiently for two more quarters, Solms reportedly said via David Coilins. Are you prepared to give Wave another six months?
If he said it, it is a strange way to communicate and to me--is the least hopeful sign we could possibly get, after waiting patiently for more than a year to see Solms make the impact for shareholders he said he wanted to.
What if, in six months, he asks for more time? Sound familiar?
Do you have any opinions on any of this?
Blue
