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Sunday, 07/05/2015 2:17:40 PM

Sunday, July 05, 2015 2:17:40 PM

Post# of 249112
What Solms's rather short reign has told us is vital to understanding Wave from an investor's point.

Solms hired a brand new sales team, set their focus to True North (or what he believed it to be) and sent them out amidst many whippings to do better as quarter after quarter rolled by with virtually no significant sales.

So....here we are right in the midst of worst-than-wild-West insecurity of everything on computers, the thieves able to disable or by-pass weak security and gain access to the most valuable data, including bank info ripe for counterfeit withdrawals.

The world is under assault from a global network and un-networked army of hackers who steal what they wish from all over the Globe.

Into this chaotic and sad state of affairs, Wave comes in claiming to have a solution solving and preventing many or even some of the hacks. Wave does many pilots. No one bites. Is this a clue?

Yet, even with that small cadre of hungry new sales people banging on doors, with Bill Solms cracking the bull whip over their heads, they still can't sell Wave's Virtual Smart Card 2.0 in substance.

The enterprise market is leaving smart cards and tokens for more secure and more manageable solutions--but Wave chases them, trying to sell them what they clearly don't want.

Market conditions for Wave could not be much worse off. The market cap deficiency is threatening de-listing within a few weeks. The separate Naz de-listing warning for being under a buck will require either a Naz extension for six months, or a reverse split to cure. Either one prolly coming this week or next.

The share price is at a historical low of split adjusted 3 cents and mills in change. Another quarter has gone by on tip-toes, quietly slipping by without an announcement beyond the one they were better off not announcing [$150K].

To add to Wave's woes, steadily declining revenue during the once-promising Solms Regime has discouraged many longtime supporters. Bear in mind, investors put up with ineptness, greed and dishonesty under 10 years of Steven Sprague as CEO of Wave.

Anyway, here is the actual record of the quarter before Solms took over, to Q-1--the latest period in which Wave has released info (Q2 CC will come in early Aug.):

$2.5M (Q1-2015)
$2.9M (Q4-2014)
$4.3M (Q3 2014)
$4.4M (Q2 2014)
$5.3M (Q1 2014)
$5.6M (Q4-2013)*
$6.2M (Q3-2013)

*Nov. 19, 2013 Wm Solms is named Wave CEO & Director

_________________

That's the record under Solms. Some may look at his many unmet goals and expectations as well as the actual record of Wave's revenue decline to less than 50% of what it was when he became CEO, and see promise for the future.

Not me. I see a Death Spiral in the making. All we need is a little rotation of all the dark storm clouds over Wave and I fully expect that to come before the Ides of July.

Blue

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