New Wave: With a company in Wave's dire position, a third reverse split looming--no reported new sales during Q1, more dilution on the way, with a good possibility of a truly bad quarter--what would be the reasoning behind concealing such good news as you suggest Wave might?
It does not violate the buying company's privacy to say, for example, "Wave has signed a long-term contract with a technology company."
Instead, it seems the hope of finding some hidden goodie in Wave's bag, keeps shareholders from selling. Yet, every quarter reinforces the argument nothing good is ever hidden with Wave.
I just can't figure out how Wave would benefit at this low point, by hiding good news, even for a short while. Quarterly calls have never been a time of news for Wave, except for the revelation of bad news about missing revenue. Wave hides and delays the reporting of bad news. Good news, on the rare occasions we have had some, gets out right away.
So please explain how holding good news in reserve is a good strategy for Wave when it needs every crumb of good news it can get. The SP is in the mid-70 cent range and threatens to dip lower if the news in about 3.5 hours is as bad as I think it is going to be.
Your argument seems to be, "Wave doesn't have to disclose every little thing, so therefore there might be concealed good news coming out this afternoon at the CC to reward patience. This hope against reality seems to be part of the reason shareholders have lost so much--waiting for that draw to an inside straight to fill.
At any rate, each of our arguments can be validated or disproved by nightfall. We will be able to see if waiting for the hope bag to fill before reality sets in--was a good strategy for this particular quarter. Unless there is substantial variance from past such events, IMO, this quarter can stand in for all past Wave CC's. They pretty much have one thing in common--disappointment.
Blue
