Intuitive: It's almost as if someone is approaching a giant mud puddle and sees someone walking straight towards it from the opposite side and warns them, but they plunge gaily ahead, then they trip, fall and are covered in mud and water. Is that person deserving of sympathy?
The only place I ever heard Wave's products called "excellent" was on these same boards--never by recognized technologists.
In fact, two folks who worked in the field were driven off the boards because their experience in network and computer security differed greatly from the vision Wave "experts" were putting forth--that it was but a matter of time before the world recognized the prize Wave was and embraced it.
Every published report I ever saw was dismissive of Wave's technology. Years ago, PC Magazine said of Wave, "Subpar suite at best." But the leaders had 50 reasons why PC Mag didn't know what they were talking about.
Some enterprises set up to fix balky computers recommended "uninstalling the Wave crapware."
And if the Wave technology was so superior, why didn't it sell? Most of the time, good technology wins. Wave failed again and again at selling. But the leaders said it didn't matter. [It did.]
It is hard now to feel sympathy for those who ignored good sense, reason, logic, quarterly results and all principles of investing--especially when they were told many times beforehand they were being fed taffy by liars and frauds.
The lies coming from the company, and/or the Loop Group acting in concert with Wave Mgt and the myths of Wave greatness were never written about elsewhere, unless it was bought and paid for opinions like the series of "analysts" Wave hired to regurgitate SKS's big lies to investors about how well the company was doing, when it was really falling further behind.
Likewise, the myths created by the so-called leaders of the Wave 'cult' because that is exactly what it is--were all bologna, too.
All those PRs, memorandum of understandings, 'deals' with huge companies that didn't bring in a dime. The CEO first predicted profitability in 2003, for 2004. He repeated it over and over, every year.
Missing every single one of those forecasts for profitability didn't bother folks? Was this not a warning in itself that all wasn't as right in Wave world as the 'experts' believed?
Well, of course it didn't matter and neither did all the nepotism [father, son, two brothers, a daughter and a granddaughter as well as a babysitting nanny who rode, but was called a "communications specialist," plus assorted friends who 'worked' from home--some still in their pajamas].
When I raised the issue of nepotism, lies and greed grabs by the SKS administration, the most prominent leader of the supporters said, "Will any of that matter when Wave goes to $100 a share?"
Hard to argue with that logic, if Wave was going to $100/share.
And when folks stood up to say the leaders were wrong in saying things like MS and Wave were connected at the hip--these same leaders removed all contrary opinions and called the people telling the truth about Wave "bashers," as if truth had a color or a position other than fact.
If it is sympathy you are seeking for disregarding great advice and pertinent warnings, it will have to come from elsewhere. Because over on Elsewhere, you can still get positive messages about Bill Solms's secret plans to make Wave wildly successful. It is ever so much more pleasant than the reality.
Never mind the same 'leaders' and their sanitized boards led their followers into the desert time and time again--and then had the nerve to tell the followers the desert sands were the beginnings of a beach for the poor, tired turtles who had finally found the sea at last. [Instead it was a lot more desert.]
And what of the latest false rumor to quicken the pulses of supporters? Why, as of last Monday, Wave was going to be named Grand Poohbah or something by MS and the Krauts, and then all the shareholders would be rich overnight and the world would stop laughing at them at last.
When asked for proof of this coming tsunami from Microsoft, the man who searched tout le monde for Wave connections and found many of them (invisible to everyone else)--simply disappeared. Why? Because he was completely FOS about any rich connections with Wave and any decent companies, because there are not any.
Who kept believing the new CEO after he lied repeatedly? It's the same crew holding the most shares of Wave--the guys called the "strong hands," who were warned repeatedly about folks trying to pry the Wave shares from their hands. [As if they were valuable any you couldn't get as many as you wanted for next to nothing.]
So Wave supporters were urged to buy more and hold, and they did.
You were warned about Wave and you disregarded commonsense in your headlong rush to get rich in an investment only you and fellow supporters thought they understood, while the 'market didn't get it.'
So pardon some of us if we don't bring out a hanky to cry over those who fell in the big mud puddle we warned about so often.
Blue
