Lone Wolf: I would watch for sales announcements, before I would make any decisions based on volume.
It is exactly that, the lack of any significant sales announcements that is behind Wave's current price of about a penny (split adjusted).
A company in business for 27 years, spending about half a billion dollars in that period and failing at every single venture tried, and in that time period not so much as a penny's profit--what about this company looks appealing?
Thsi company has basically sold shares in itself for nearly 3 decades--with a rare actual sale now and again to keep alive the Wave myth of unlimited wealth just ahead.
Supporters have clung to many straws thrown into the waters over the years, but in the end, they proved only that--straws insufficient to maintain flotation.
The supporters have focused on one false hope after another, all the while their leaders were denying there were any problems, even when anyone with a pulse could see there were major problems.
IMO, this company is about to implode. Lone Wolf, not that you need my advice, but were I you, I'd sure take a look at the earnings history--in a word, it is pathetic.
It is particularly pathetic when you examine the words of the Wave mgt. SKS (CEO in 2010) This will be the first cash flow break-even quarter from operations, in the company's history.
2011 (CFO Gerry Feeney said almost exactly the same thing)--but both statements were uttered in the closing weeks of the quarter at the time--a year apart.
Then the new CEO (Wm Solms) said stay tuned for a major turnaround. And in 2013 (if memory can be trusted)he predicted break-even.
Solms also discussed dozens, if not hundreds of Wave pilots that had extraordinary potential, plus the bulging pipeline of deals ready to close--none of that materialized.
So now, Wave is in violation of two Nasdaq
