all true, at least most of it from most,
and in the face of all that the technicals look intriguing.
If one ignores everything they know, WAVX technically is acting like it might move up. True, pithy volume, but fri was the highest volume since the $2.3m 8-k.
It has booked a string of green candles, closed above what might be viewed as a resitance point at 87 cents, and of course above all ... there is leakage. While I have never used leakage as a technical indicator, and to the extent there is leakage it looks bearish in substance, one still can only be left wondering ...
The bullish argument knowing what one knows is that some sort of sale is going to happen, that the migration of the NA-CTO was a matter of clash in the tech-office (vs Kaz) perhaps coupled with a redundant hire in the face of previously under appreciated value in WW-WTO, and so on.
The CEO wasn't at all concerned about the $1 thingy at the last CC, which can mean two things, 1) he is confident they will clear the listing req or 2) one doesn't belabor/ponder/concern a clogged toilet on deck 4 when the ship is heading rapidly towards an iceberg.
My sniff is the thingy rallies over a buck, for reasons or not.
Wave's goal posts are mounted on a platform, one with wheels.
But hey, there's leakage. And a string of green candles for no good reason. And something resembling a volume spike. Go Wave. Its only fun when Wave rallies, the spirits of the leaked upon longs are lifted, blue clouds dance, the website clicks go way up.
I'm sticking with bagging a sale or two and a buyout. Stabilse the sales graph at around $20m /yr and sell for 5x sales. Somewhere between 1 and 2 bucks a share.
I would call that a successful turnaround, not stunning, but empirically successful.
The above content is my opinion.
