There have been so many announcements similar to thae one about the unnamed financial services company and Wave's VSC 2.0.
Unfortunately, most of the similar announcements, seemingly big at the time, ended up being insignificant in terms of revenue.
Besides, ask yourself, if Wave were to win a large contract, how in the world would they service it satisfactorily with all the recent lay-offs?
Strange steps taken by the company--skipping out on the lease in Calif., etc. Wave gives the outward appearance of a company in the motions of closing down.
Especially, given the silence shareholders have been greeted with and the conflicting signals Solms has sent. He told us to watch billings for signs of progress and then, weeks later, the Q3 report comes out with billings omitted.
E-mails on the subject, from shareholders seeking clarity, have been ignored. When neither the CEO, nor any of the board of directors replies to shareholder emails or phone calls, one can surmise something unpleasant is afoot.
It looks ominous and suspicious to me. I would not be surprised to see the company reduced to a desk and phone until the year end bonuses and salary increases are paid, along with golden parachutes to eat up any left over money.
Many of us expect the worst and without a word from the CEO or the Board of Directors, it looks like the end to me. They pulled off a third reverse split to keep Wave on the Naz--that is what the announcement today says.
Instead of supporting the company with sales, it appears the only thing sold were more shares. Revenue has to be bad, for them not to release billings. Anytime Wave withholds info on something crucial, it is never for a good reason, usually to hide something bad, IMO.
Somewhere, sometime, there must be or have been a company treating its shareholders as badly as Wave has, but I can't think of it.
They deserve more.
Blue
