Orda: Interesting article about Dell's choices. Here's what I consider Wave's death knell from Dell (rhymes!):
"Finding a satisfactory product took Dell security experts more than a year. There are a lot of new companies that are trying different approaches to stopping malware and advanced attacks, and Dell looked at products from more than 60, Hansen said."
Considering Dell was once Wave's number one revenue producer, it appears Dell has moved completely on and away from Wave after being Wave's partner for years.
I'm guessing that decision was made not on the basis of insufficient finances, bad mgt, shaky future, etc.--but on the quality of Wave's product. If it worked as advertised, Dell would not have abandoned Wave the way it did.
If Wave's products improved since Dell left Wave at the altar, I would think Dell would have come back to Wave.
My whole Wave theory has been based on the lack of wide acceptance of Wave's products, except for fringe and minute enterprises--way out there outliers. Exceptions were GM and a few others. They did not re-sign with Wave, despite the supporters' claim there is no evidence those companies didn't resign with Wave.
Yes, there is evidence. Look at the shrinking quarterly revenue. Wave was supposed to be amping up and ramping up for full-scale ubiquity, according to the hopefuls. However, the pathetic and rapidly-declining revenue has brought Wave to the edge of the precipice instead of profitability.
Wave is currently in default of two Nasdaq listing regulations, as well as a twice-late quarterly filing (for which we have no new date for Q3 results) and its share price is teetering on total collapse which could come with the Q3 results.
All of SKS's and Solms's bright promises of prosperity soon to come were, it seems, nothing more than hyper-active dreams of what could be, not likely to be fulfilled.
Furthermore, the onerous terms of the short-term bridge loan at more than 100% interest and the attempt to repay the loan with oodles of freshly-printed unregistered shares worth slightly more than bath tissue--because that was the best they could get--spells out just how high the deep doo-doo is stacked for Wave; how desperate and dire its situation and almost all, if not all paths forward are blocked.
There are so many barrels aimed at Wave's heart, it really doesn't matter which one fires the fatal bullet. Wave is against the wall, hands tied behind its back, with a blindfold on and the Commandante has his sword raised, ready to give the command for a merciful end to a 27-year nightmare for investors.
The huge hot-air balloon that was Wave is suffering rapid deflation, because all that was keeping it in the air--was hot air mixed with generous infusions of BS to keep investors from selling out.
Maybe there is a future from this point, but if so, I can not see how. But, that's been my problem for years now. I could never see how Wave could possibly fulfill its heady promises, let alone even make a profit when sales were anemic (to be kind) or mostly missing altogether.
An individual or an enterprise has to stop losing before it can start winning. Wave has rarely won anything except contempt for questionable business tactics and plans and the complete disrespect it has shown investors financing Wave all these years.
After 27 years, most Wave investors are left wondering how the end will come. Bankruptcy? Quiet shuttering of the old meat-packing plant? Sale for mills on the dollar? The alternatives for Wave are not pretty, but they are immediate. The choices are between shooting and hanging, gas chamber or electric chair?
The postponing of reporting quarterly results twice, without a new date for revealing the numbers IMO, falls not in the good category as some have hoped, but in operatic terms, IMO, a finale with the last curtain due any day.
But elsewhere, the sun still shines down from blue skies as if Wave just signed multiple big contracts:
"...if it goes to a nickel/share I may buy a couple hundred bucks worth."
"If it goes to a nickel a share I'll buy a million"
_______
Those are the sentiments of those who still truly believe, at this late date, that Wave's fairy godmother is coming to the rescue and will provide a happy ending for all their patience and faith.
Kinda of like the Heaven's Gate cult, waiting for the Spaceship to come, once the poison is in your system, your arms folded over your chest and your new sneakers are neatly tucked under your bed. Bon voyage.
Blue
