Who would want to buy this stock on the open market, right now, without any new sales?
Our daily average has been less than 50K for most of the past few weeks. There are no sellers, and for sure, there are no buyers.
Without news, who is going to buy the public offering? No one in my book.
Therefore (2+2=4) there has to be a reason, and I believe the reason to buy is that there will be revenue news.
Wave did not have to make the announcement, but they did. They already had the shelf in place. They could sell the shelf at anytime they wanted to.
So, the question is: why did they make the announcement today? Who is going to buy it on the open market without revenue news? In my mind, no one.
We were early, but we were right
