Alea: You wrote: "What matters isn't so much why as the simple fact that the income isn't there."
I think it is more important to note the income is not there, but I think the why of it is also important. Why? Because then there is a chance to correct the problem and start selling. Not knowing why it doesn't sell? Hard to fix, IMO.
[b"]You might note, however, that it may be there is simply no market to enter. If so, management isn't a key variable. Wave's whole corporate purpose in pursuing the TC "opportunity" is a dead duck."
If mgt didn't pick the TC "opportunity," who did? Mgt did, IMO. So it is a key variable--a terrific failure on choosing the wrong strategy and arena.
"As I wrote several months ago, I think it is a rebuttable presumption that there is no material interest in Wave's VSC 2.0. It's up to Solms to perform the rebuttal. So far, he isn't doing well."
Solms, instead of providing the rebuttal, is giving the proof there is no material interest in Wave, after scouring the globe, trying to sell it hither and yon without success or significance for a year now.
IMO, there is no rebuttal to a newly-constituted sales team with a well-defined focus on selling--yet can't seem to sell no matter what they do.
And putting out a PR on that $150K sale, proves the desperation to sell and the pressure mounting is so great Wave had to put that $150K sale announcement out, or have nothing to announce. In retrospect, nothing might have been better.
We are now a year behind in seeing any of Solm's declared 'signs of the turnaround.' Instead Wave seems to be sinking deeper into the muck, almost to the point of cutting off oxygen.
At this point, if a large sale did come in, it would lift the share price for a bit, but one is not enough and most of the shareholders know it.
Blue
