The lone bugler has mounted the hill at last, playing the notes of Taps,"Day is done, Gone the sun."
The sun is gone for those who thought they had tapped into some special stock nobody knew about and it would make them rich.
Gone the sun from the half billion dollars Wave took from investors--many of them working people who bet their golden years on Wave. So sad, some of the last messages before the other board was shut down.
Wave remains fascinating. In long, long retrospect there was precious little buttressing the wild claims over the two decades Wave extracted hundreds of millions of dollars and wasted every penny through ineptness, greed and corruption. Big promises and even bigger lies were told by Wave CEOs, and CFOs.
The facts were certainly plain enough each quarter when quarterly revenue guesses were for multi-millions while often actual revenue was in the tens of thousands--far, far below expectations.
I wonder why the crowd continued to follow folks who led them wrong at every turn and continued to listen to those whose wild claims were contradicted by the paltry revenue results year after year.
Beyond that, many actually believed that the ones telling the truth about Wave, were the real liars trying to bring down a company. So much misdirection, outright lying, nepotism, ineptness--yet it was all excused away by a few folks and believed by many.
It was a weird adventure, for sure. I do think it is finally over.
Best of luck all--Blue signing off
