Cartoon: Nothing would make me happier than to see Wave succeed. However, I just do not see the path to success for Wave. If the products were selling--totally different story--but they are not selling in an unprecedented market for security. That alone should be a red flag.
Wave claims to be selling what everyone wants, yet no one wants Wave's products. That's the heart of the problem right there and has been for all of Wave's existence, once the company actually had a product.
Thank you for acknowledging I have mostly called it right for the past decade or so. I have hope too, but usually, it is based on something real--not on a company in biz for 26 years + without a profit, that is going to do "it" next quarter.
Where are the factors you think will change Wave's fortunes for the better? I just can't see them. If Wave can't sell in this market, where can they sell? The ASM looked like more of the same--"deferred expectations" for sometime in the future.
Either way, I wish you the best.
Blue
