It is almost like days of yore...SP under a buck, anticipated news has been postponed and postponed. We are more than half way through Q2 and silence from Wave.
No need to remind anyone of public expectations set by Solms for signs of a turnaround and profitability--neither of which seems close.
If there is potential here, the market sure doesn't see it. While we wait for the first big sale of VSC 2.0 to be announced, not much else appears to be happening, although I'm aware there is an alternative view.
The trouble is, each day passing without some grip on traction of some kind somewhere--makes it less and less likely there will be a turnaround, IMO. If, after all this time, in the age of insecurity, Wave can not sell its security wares, I see us being swept downstream by the current of the Internet and time. We are not even treading water, let alone swimming.
I'm sure as anxious as we are for positive news, inside Wave, the pressure is at least four times as intense. And then there's that old truth staring us in the face, IMO. If Wave had something either in the bag or going in the bag, there would be some kind of signal--big buy-in, NOT relating to a funding.
I think it fair to conclude the bag is still empty.
Blue
