InvestorsHub Logo
Followers 0
Posts 1526
Boards Moderated 0
Alias Born 07/28/2003

Re: Snackman post# 1216

Wednesday, 07/30/2003 12:59:37 PM

Wednesday, July 30, 2003 12:59:37 PM

Post# of 249097
Snackman: Don't want to get into a protracted battle with you over why I post, but it is basically no different from why you post. It's just the opposite view, that's all.

My problem with the company is the basic dishonest and misleading that has been going on since day one.

I'm not trying to get people not to buy, nor writing for the newbies. I am trying to counter some of the inflated stories of unlimited hope with a little reality, history and facts. Then people can make up their own minds.

If one read all the press releases the company has issued, without knowing anything further, one would think it is a great company to invest in. But when you view those releases in context with what followed, you come to a completely different opinion.

The ironic thing is both you and I want the same thing: for Wave to succeed--I just feel it can't happen with the same people in charge who have put us where we are.

They, IMO, do not have the skills needed to take us from development stage to market, nor do they have the skills needed to manage a company and its finances, especially during hard times.

I have pointed out ad nauseum the instances of bad mgt that I think have hurt us badly. I.E., naming more relatives to the mgt team at high salaries--this is a 5-alarm warning bell on Wall St. It was the downfall of Adelphia and any number of other family-run companies. It does not speak to professionalism as much as nepotism and cronyism. IMO, it will always hinder us, because the impression one gets is the family will always come first and the shareholders (if we are lucky) second.

IMO, and I have cited the facts often enough, we need a change. I belive in Wave's technology and its potential. But no longer in our leaders, who have failed, spectacularly enough and often enough to warrant change.

But feel free to post opposite views. You will never hear me asking you why you post optimsitic, even confabulatory stories on any board without any factual basis. So I hope you will excuse me for pointing out the emperor is buck naked.

Bluefang

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.