It is not enough to simply review Wave's failures. IMO, those failures should be viewed alongside the lofty promises and predictions made for the rain of riches soon to be washing over investors.
Those baseless promises and predictions were made by the former CEO & CFO, as well as many of the leading supporters of Wave.
The reality has been quite different--near total devastation of investment.
Wave has never produced enough revenue to run the company. Those punished most financially were the most loyal buy-and-hold Wave investors.
The record of this company is awesome in terms of rich promises contrasted by constant failure to achieve goals set by the company itself, including our present CEO, who, like his predecessor, has never explained the wide, wide misses of his "goals" like CFBE by year's end 2014--or on any of the big deals we were standing by for, or the failure of Bell-ID to close in August--six months overdue.
Wave, without reservation has been a terrible investment--especially judged by the expectations created for it by both the company and its supporters.
Blue
