Minority Report: My opinion on the Smart Money article--I thought it was fair and balanced on the whole. Some things could have been explained better and some things were not explained at all, but overall--to me, it accurately summed up where we are and where we have been and our chances of making it in the future.
The criticisms of mgt cited have all been made on this board or RB and they are fair.
We have long known this was a long shot investment. IMO, this board has been involved in shooting the messenger.
The usually astute 24601 picked out the wording of one tiny piece to quibble with CPA over, while ignoring the gist of the story.
Wavoids have always been reality challenged and never more so than in their reaction to a fairly comprehensive piece setting out the good, the bad and the ugly.
Unless the facts change, we are not likely to see any articles "more favorable" to Wave.
We have behaved like a cult, blindly following our leaders and we were called on it. I have no problem whatsoever with this piece. It could have been much worse--i.e. Founders Shares, PCFree and the complete nepotism list. It could have pointed out how quarter after quarter, deployment was predicted almost immediately, without it ever happening.
We got off lightly, with a mild rap on the knuckles, rather than a serious beat down. This could have been a far more devastating piece, that could have crushed Wave at a vulnerable time and sent investors and shareholders running for the exits. Interesting no comment tidbit by Gilder, too--in case the company fails. Not exactly a full vote of confidence from a man who professes to see into the future.
Bluefang
