Cypher: Let me join the crowd in thanking you for your informative posts about activities within the company. Your information has been accurate and gives a true window into a sham company trying to pose as a legitimate one.
Apparently the posing has fooled many for a long time. If one goes to publications elsewhere, today one finds this naive bit of hope:
"Does anyone buy that Solms silence equates to no real sales for the last 3 months? Look at his record at Oracle and Microsoft. Do you think he's been sitting on his duf quietly meditating for the last 3 months? The market think so. I think not."
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One wonders about Wave supporters, proven wrong at almost every fork in every road, they still defy Wave's history of earnings, lack of profitability and market expectations--in favor of what appears near impossibility, IMO.
Wave has a tenuous grip on a small plant at the top of a steep cliff. The plant's roots can not handle the strain; the clifftop is crumbling and a large, hungry bear awaits the company, should it manage to regain the summit.
We are exactly 20 days from what amounts to a firing squad for Wave if they can not come up with money+interest for the bridge loan--about $600,000.
The consequences of default on this loan are dire--it appears under the terms, the loaners will end up controlling Wave in event of a default--which seems almost inevitable--barring an asteroid strike or a fairy godmother's magic wand.
Maybe Wave will do a third reverse split anyway--but the R/S seems irrelevant in the face of the looming loan the company does not appear to have the wherewithal to pay.
That fits into the picture Cyper paints of a Wave in chaos: mass resignations, firings and lay-offs--completely hollowing out the business, technological and research end of the company and leaving it with no way to service a big contract if the company was to get one.
It sure seems Wave is down to its last life. But, before we go closing the casket lid, just remember how often Wave managed to stay a half-step ahead of the Bankruptcy Grim Reaper over its long history.
I don't see how it is possible, but let's see if the much-delayed reality is coming at long last.
Blue
