Root: We postponed our conversation until after the Q4 CC. It was even worse than I thought it was. Q1 has but 11 days left in it and no VSC 2.0 announcements thus far.
If Q1 '15 is as bad as Q4 '14 was, will that put a dent in your impressive optimism about Wave's future?
At some point, it seems to me, Wave has to sell something and show all is not for naught. Thus far, the record is pretty bad.
Again, I'd like to pose the question to you--what do you see in Wave's "performance" to give you such unquenchable hope?
It is true, the past is not an infallible predictor of the future, but it is a pretty good one. The hope for Wave's future seems to involve infinite timelines, and blank checks, rather than progress, execution and tangible results.
When I look ahead I see another reverse split coming. Somewhere, some time, there may be a company surviving three R/S, but I can't find one. We have already had two R/S--why? Because the company could not sell enough to run itself.
It is generally acknowledged a R/S is the start of a desperate death spiral for the company involved. We are looking at a third one, unless things change.
If, in the next 11 biz days, no reportable deals close, would you still have such unshakable faith in Wave's future? Yet another bad quarter [CC in early May] is liable to drop the SP even lower than it is now--less than a dime, split adjusted.
Unlike you, I find Bill Solms's leadership thus far questionable. That is, acknowledging he started in a terrible place. Yet, after examining all the variables, taking into account his predecessor's horrible reputation, Solms has been unable to give us any solid reasons for further hope.
A CEO is supposed to be optimistic and I give him credit for not lying about Wave's prospects as SKS did. Yet, in the end, sales are all that matter. Thus far, his record on that score is no better than SKS.
Am I misreading the signs? If you can, I'd like to hear what inspires your continued faith in Wave, given the disappointing results under Solms thus far.
Best wishes--Blue
