Root: You quoted Bill Solms from Nov. 6, 2014, "...I encourage you to stand by for those announcements."
You seem not to be troubled as much as some of us by the slippage between what Solms said and what he has done (nothing) in the past 3 months--business wise.
You seem to focus on the bright future spots, but then when that future arrives carrying nothing, you seem to focus up ahead on another bright spot.
Many of us long-timers have seen that over and over in the past. The lack of traction not only was hardly mentioned, but in some cases, it was a forbidden subject. But it was perfectly acceptable to comment on non-existent deals like so many of Wave's "deals" were--without revenue.
Ultimately, though, a company has to either put up or shut up. If the CEO announces timelines for his goals, at the very least, when those timelines pass with nothing even close to what he said would be happening, shouldn't he be accountable and tell us why?
I understand your strong belief in Wave's future, but missing goals and not explaining is part of what led to the disaster under Steven. Are we repeating history here with a new chap sitting in the driver's seat?
Shouldn't missing any signs of traction at all, be worrisome? Let alone missing them all? One can't begin to win, until one stops losing.
I just wondered why you seem to shrug off the missing of every single goal Solms set for himself, including asking to be held accountable--but he has been anything but accountable.
To me, these are important indicators of whether Wave is actually making progress, or is simply another re-alignment of the dots to show a semblance of progress that really doesn't exist.
Furthermore, the longer Wave goes without traction, the more dilution it will be compelled to institute to stay in business. In this market, it seems ridiculous a security company has so far failed to make a single reportable deal under Solms.
These look like pretty big obstacles to me--along with the company's history of never making a profit since 1988 through today.
Best wishes--Blue
