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Re: tkc post# 241503

Saturday, 04/04/2015 1:17:33 PM

Saturday, April 04, 2015 1:17:33 PM

Post# of 249083
TKC: You and many others have always liked the odds in favor of Wave's success. Despite the continuous down draft of the SP [losses of 98%+], the two reverse splits and a potential third one coming soon--you have always been optimistic about Wave's chances.

Nothing wrong with that, at all. Optimism is good, especially when it is based on something real. Not sure Wave's odds of success are based on reality, as much as the vain hopes of those who have put so much money into Wave, thinking it will eventually pay off big.

Wave has been "borrowing" from the future from the day I first heard of Wave, back in 1996. Since then, aside from the Internet Bubble, Wave has done nothing but disappoint.

You see potential, where I see a narrow niche space, if, and only if, Wave can start to sell--especially its newest. redesigned product, the VSC 2.0. Even if sales start to come in, Wave's revenue is going to be smallish.

The myth of great fortune from Wave has beguiled many--including myself. Once I discarded that bloated and unreal fantasy, curiously, I felt much better.

Today I see Wave in a more realistic light--a small company anxious to portray itself as a huge-potential start-up--despite the fact it started up more than 26 years ago and has yet to make a profit in one single quarter. But its supporters see millions upon millions coming back to investors.

I just don't see how that can happen, no matter how many astrological coincidences occur in a row. Wave is in a real tight spot and hope alone, IMO, will not cure its fierce, wasting disease. Only sales can--and sales are what are missing from the Wave picture.

In more than a year at the helm of Wave, with the old sales team fired and a new, re-focused team put in place--still the company could only manage to sell $2.3M of its old technology, not the new.

It is exactly the wrong thing for Wave. That sale is enough to keep the hopes up, without enough revenue to stave off another de-listing and further dilution. If no other sales occur, the death spiral can continue unabated.

A company keeping itself alive by selling off pieces of itself to the detriment of loyal shareholders because it can not sell its wares in the market, is not a model any business wants to emulate.

That is the reality of Wave--it is a company pinned against a brick wall, with a crushing future rushing at it and no resources to avoid it or to pick itself up out of the garbage bin.

Obviously, you will see things quite differently, as you have in the past. Nothing wrong with disagreement--it makes the world go round.

Best wishes--Blue

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