Alea: I'm not one to claim to see the future, but from where I sit, Wave's future looks pretty much like its past--only not for as long.
The key to Wave is in big sales that come in regularly. We have had one sale of Wave's old technology in way more than a year and no announcements of any sales of Wave's newest, the VSC 2.0. The $2.3M will be spread over 3 years? Not a whole lot of money, in terms of what is needed.
That spells disaster to me. An already leaky boat up to the gunwales in water, a reverse split coming at us fast, Q1 goes by without a peep of any sales or announcements, another quarter closes with more silence from Lee--SP stays low, no insider buying.
Low volume indicating low interest in Wave. We're looking at another dilutive funding by summer--what effect might that have on the current SP? Will it raise it?
Against all these negatives, what balances it towards the other side? The answer is what Wave will do "soon." When TPMS go from unheard of, never noticed, to ubiquity, Wave will be in the catbird seat--just like they said 5 and 10 years ago. All that forward hope, with so little substantiation for it. No results, hardly any progress in more than a year as the new CEO.
Well, some will look at the balance sheet and say, "Wave is in the perfect spot." Wrong! Wave is in a perilous spot, IMO. When does all this hope get traded for results? Weren't we supposed to have had our Big Dance in Vegas by now?
New CEO, same lackluster, pathetic results. Nothing is happening, or the SP would not be hard-scraping the edge of 70 cents so persistently.
The new CEO said he expected to be held accountable by both shareholders and the BoD. When does that accountability start? Hasn't enough time passed between his stated "goals" and the absolute failure of any of them, especially CFBE, to come true?
Is William Solms just stringing us along in the vain hope something soon will fall off the truck into Wave's bin? Or is he just feeding us a lot of malarkey, banking his paycheck and waiting for the last Wave Golden Parachute to poof open and let him slowly and softly drift down to earth? I think it is the latter.
I think BS is full of BS. Show us some results, Lt. Col. Then you and Gen. Patton can goose-step around the room all you like. You talked the talk, now walk the walk. And not one from the Ministry of Silly Walks, like in the past.
Tell us the truth. You can't sell Wave, because the products stink almost as bad as the company's odious reputation for integrity and honesty.
We've been sold a wagon load of improbable dreams. Hard cash money from our side--almost half a billion bucks--and a load of fancy talk from the other, full of post-dated checks on non-existent bank accounts, written in disappearing ink for unbelievable sums. For 26 years, this has been the exchange rate.
Blue
