Wednesday, August 06, 2003 10:06:01 AM
Longs - You can put a nice slant on this if you want, but this was a major F Up on Wave's part. No question about it. While I'd ask you to save the normal banter about what we've been through, and this being only a bump in the road, I'll also state - just to put it to rest - that I have no intentions on selling my shares, or thinking that Wave is going to go under or anything like that.
But, given Wave's struggles, and their stealthy posture over the past several years, it is not good for our little company to be screwing things up just when they begin to get some good press either. This is bad for Wave, because it sends a bad message, and leaves a bad taste in investor's mouths regarding Wave's integruity. Although we all know how hard Wave has worked to remain above reproach, and even over-protective of their business dealings this one incident (obviously) is the one that the larger investor community sees. In their minds, it erases anything that we know about Wave. We can't tell millions of investors what we know.
They can't afford these mistakes, and quite frankly, I don't want them to screw up like this again. This screw up cost their investors money. And, while I think a retrace was in order anyway, this is more than a retrace. It's a momentary loss of confidence, touched off by poorly managed PR. I don't want that! Now, everything that Wave puts out will need to be double-checked before the investors react again. So, while you all are trying to put a happy face on a bad situation, it's still a bad situation for Wave. Someone should lose their job over this IMO. These kinds of mistakes can not be tolerated.
I might be stating the obvious, but someone has to.
Tampa123
But, given Wave's struggles, and their stealthy posture over the past several years, it is not good for our little company to be screwing things up just when they begin to get some good press either. This is bad for Wave, because it sends a bad message, and leaves a bad taste in investor's mouths regarding Wave's integruity. Although we all know how hard Wave has worked to remain above reproach, and even over-protective of their business dealings this one incident (obviously) is the one that the larger investor community sees. In their minds, it erases anything that we know about Wave. We can't tell millions of investors what we know.
They can't afford these mistakes, and quite frankly, I don't want them to screw up like this again. This screw up cost their investors money. And, while I think a retrace was in order anyway, this is more than a retrace. It's a momentary loss of confidence, touched off by poorly managed PR. I don't want that! Now, everything that Wave puts out will need to be double-checked before the investors react again. So, while you all are trying to put a happy face on a bad situation, it's still a bad situation for Wave. Someone should lose their job over this IMO. These kinds of mistakes can not be tolerated.
I might be stating the obvious, but someone has to.
Tampa123
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