Wave Dreamer Addendum: Re: Wave "givens"
How many times did Wave get our hopes up with the leaders telling us this is 'can't miss'? Remember 'June is ours!'? How many times? At least once a quarter for the past 10 years or more.
Were they ever right? No.
Some people, myself included, after perusing that stellar record, would re-examine the givens. They seem not to be given at all. In fact, I would say most were non-existent in the first place.
Take the "June is ours!" statement--made circa 2006. It claimed a milestone had been reached by Microsoft that would take Wave to the promised land.
This was one of hundreds of false Eureka! moments, all of which involved people buying more shares based on the erroneous or felonious 'discovery.'
Same for the self-appointed Wave 'technologists' who told us countless times how Wave technology was cutting edge and far superior to anything out there. If true, one would think that would result in sales. It didn't.
First mover advantage? Complete BS. Yes, Wave may have been the first to a non-existent market, but where were the sales? Where were the follow-ons from companies who bought Wave and paid millions?
Why did Dell abandon ship in favor of Credant? Remember what supporters were told about this? "Irrelevant, don't worry."
Don't worry? The main source of Wave's revenue, about 90% at one point, was in jeopardy because Dell bought Wave's competitor--but don't worry?
How many times have the actual facts been interpreted 100% in the wrong direction from what really happened?
I can't count them. But I can tell you why it happens over and over again to this day. The Wave 'givens' are complete BS (not Solms). Maybe a re-examination might be in order of what is reality and what is fantasy about Wave's chances from here out.
The market is the ultimate arbiter of success and the market has not smiled on Wave since the "Bubble." That is exactly why our share price is in the mid teens after two reverse splits and numerous de-listing warnings, including the one we are now under until Jan.
Why does success continually evade Wave, especially after each new call that things are turning around, when they are not getting better at all, but worse?
Friday closed out Q3 and Wave was never quieter. Yet another quarter gone, no announcements of significance, except bad ones--the auditors quit.
When does the good news start? Next quarter?
Best, Blue
