Player: You wrote:
"We have seen the stuff about other companies waiting on the financials to get better for a long time now. I brought it up last year and it has gotten much, much worse since then.
"If the companies wouldn't buy when the share price was 10 times higher and cash was sufficient, why would that change based on some marginal improvement in the shareprice and the company still unable to prove they can have a sustainable cash flow?"
______________
That particular point you illustrated, IMO, shows the insanity being peddled elsewhere for lack of sales. Of course, if Wave were more solid financially, the orders would come rolling in. Sure, they would--same as those SED drives SKS said he could sell if he had 'em--after the Thai floods.
This company has used one dodge after another to stay in business, despite being unable to successfully sell their products in over a decade of trying. Yes, they made the odd sale now and again, but they were exceptions that proved the rule.
Outright deception and frequent misdirection have been the mainstays of Wave. I always thought it ironic, at the helm of a company selling trust, the CEO could not be trusted at all.
Solms's shameful actions and statements unfortunately continue the complete mistreatment of shareholders, IMO.
Blue
