Baffling isn't it. Why does this keep happening to Wave? They are all set to launch warp speed into deep space and at the last second, something always comes up with Wave.
The silence from Blowhard Bill and the BoD smells of death to me.
A little birdie told me it is all over, but the shouting. The current strategy is to take advantage of every extension, every technicality the company can dredge up, to stay both open and on the Naz as long as possible.
Milk it to the last drop, seems to be the Wave philosophy--not that it has ever changed.
Interesting to read how things are interpreted elsewhere. When the Q3 billings were withheld, one long-time believer actually said it was because the numbers were so good Wave dare not release them.
That's the sort of flexibility of mind one needs to invest in Wave and to swallow the incredible lies fed to the shareholders over the years from all three CEOs.
Haven't read too many "I picked up another few thou" kind of posts lately.
What does it all mean to Wave? IMO, it is the loyal shareholder base that formed the foundation of Wave support--responsible for keeping the company alive through some really rough patches.
Now, that loyal base has been openly betrayed by the company mgt, IMO, for the sole purpose of luring them back in for a final set of shearings--or at the very least, to keep them from selling--can the company still stay alive?
I wonder how much longer Wave can stagger on when the hard-core believer bunch decides it is over? It feels near that point now, to me.
You don't say watch the billings for the real picture of Wave, and then, weeks later, when the numbers are awful, hide the billings from the shareholders and give a garbled, unintelligible reply as to when billings would be available:
[from Wave:] "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"
You don't ask shareholders to vote blindly on a third reverse split without giving them any info, including how big the reverse split was going to be or how any money would be used--yet Wave did all of these unholy deeds.
And through it all, silence from Wave management stiller than a forest with a dangerous predator afoot. Bridge Loan that could cripple Wave or cede control to another entity and was due on Dec. 24? Silence. Missed goals and profitability? Silence
Signs of turnaround not seen? Silence.
Huge pipeline, brimming with mega-deals? Silence.
Two Nasdaq insufficiencies, one extension--with one needed to start being cured yesterday? Again, silence.
IMO, it is not success stalking the wounded and bleeding Wave through the deep snow.
Blue
