In the silence, it is akin to watching and waiting for a relative to pass from this world to the next.
In Wave's case, unless business outliers find evidence of corporate life after death, Wave is fried to a crisp in its own gravy made of dots and faux promises.
I do not discount this life after death, at all. I fully expect for the remnants of this shattered company to be sold for mills on the dollar--to someone or a group of someones who will pump up all the old lies about humongous prosperity coming v soon.
I expect the new incantation of Wave to be much like the old--a vehicle for manipulators to trick people out of their money.
Wave has been too reliable for the manipulators for them to trash it now. It will emerge, I predict from its self-dug grave, change names and invite in a new group of "investors."
Despite all the made-up myths, the repeated lies about Wave's imminent BIG traction, the insistence Wave was not done, when it was--Wave was never even a shadow of what was expected of it by its most loyal captives.
Now, Wave, once the giant that would threaten the entire world with its rapid growth and money making appeal--lies on the sand without a pulse--or a decent burial.
The vultures, jackals and hyenas are stripping Wave's bones, looking for a shred of meat and finding precious little in the much sifted grit.
For a stock promising so much, in a quarter of a century, Wave has delivered almost nothing, except betrayal, treachery and lies at every choice point for its shareholders. How could this end not be inevitable?
Elsewhere, they are still stacking up many long shots for a slight chance at survival--survival! not profitability.
Today marks the last day Wave can operate below the $35M min. market cap set by the Naz. There will be appeals of course--but with no sales force, no service force, even if a big contract did drift in through the window, Wave is not viable enough to service it.
So, IMO, Wave is all but finished. Sure there will be some trading back and forth, but it is reshuffling the deck chairs on the Titanic with no rescue in sight. Traders and rumors will have the run of Wave from here out.
I wonder if when the Q4 numbers come out in March, if the company will once again withhold billings. There's not much to hide.
Here is an Investor Relations person responding to an email regarding the omission of Q3 billings:
"Their billings were not disclosed in the 10Q but we will look to providing an answer in some future disclosure if at all it will possible. Thanks, Tanya"
They don't even care enough to use correct grammar when making a statement to shareholders--that's how little shareholders were regarded. This, after the CEO told shareholders to watch billings for progress.
Wave leads its shareholders down into the rat hole, then shovels dirt on them down there.
Blue
