Player: IMO, it was a technical thing--not a real world thingy.
TKC and others seemed to think Wave had actually reached CFBE, but my question is, if they did, why did Wave not publicize it--especially when the share price had been hard hit by all the head fakes, MOUs, bad consecutive quarters and partnerships without revenue, etc.?
Perhaps in the arcane world of accounting, perhaps some jiggling of the accounts and numbers may have made it look like Wave was either close or at CFBE. But only through manipulative trickery, IMO.
Bear in mind, before they were both fired, both SKS and Feeney each declared (a year apart) the current quarter at the time would be the first CFBE quarter in the company's history. Needless to say, both the Wave CEO & CFO were badly mistaken, quite far off the mark.
To make matters worse, both Wave officers made those statements about CFBE with just a few weeks left in quarter--3 weeks is my memory for SKS's rash statement. So both had most of the quarterly data at the time they made their bold statements so far from CFBE.
IMO, Wave has never come close to CFBE in any real sense.
Best--Blue
