So, same stilted talking around the BIG problem, eh? Q1 closes with no new announced deals and immediately a hush blanket is thrown over the crowd.
No discussion of how Wave disappointed yet again, despite new mgt, new sales team, new focus, etc.
Talk about everything except what is important--no, absolutely crucial to Wave at this point--no new sales of Wave's VSC 2.0 revised product. Yet, radio silence on that subject. Why? Isn't this a discussion board about Wave?
Yet, the biggest problem since Day One is not discussed? Right on cue, Q1 sucks like a deep, gaping chest wound--but not a word about Q1--move it right along on to Q2--that's when the good stuff will happen--next quarter!!!! Just like in each of the last 26 years of Wave's history. It's always next quarter.
Meanwhile, in the background, the de-listing calendar is counting down the days, while Wave nervously goes up a penny or two, then back down again on low volume. Interpretation? The market thinks Wave is not a good investment.
Insiders are not buying in? Why? Because they have access to the zeros on the bottom lines where the sales figures should go. They are not fools, nor were the previous administration who treated buying Wave on the open market the same as chugging hemlock and cyanide chasers with the Wave Kool-aid.
Where are the indicators that would show Wave is making progress, and not strangling on its own ineptness and blunders? Where is there one sign of optimism for Wave's future, other than the brimming cup of hope the hopeless hold out for Wave?
The only reason I can see to buy Wave at present is the limitless upside. The downside? The limitless upside, with no expiration date, blank checks accepted.
That $15M shelfie must be sagging empty at the corners from heavy usage. I expect another funding in the next month or two--maybe even sooner.
Dilution is Wave's way of surviving. Wave's survival certainly has not been due to Wave's product line being snapped up by companies looking for real security. Rather, Wave has been shunned like a cousin with a cankerous cold sore at a kissing contest.
Wave supporters say Wave has the only product companies need. Companies say, any product but Wave's.
So, can we talk about why Wave is not selling? We've had the CEO give his views about Wave--pretty much the same as the view SKS had--"we've got prosperity in hand and we'll hit CFBE last year, or next year, or the year after that. Be patient and keep buying shares, because we can't sell squat!"
Blue
