Bluefang: I don't think it's product-related...
so much as a credibility thing. Anybody who follows stocks in the space WAVX inhabits knows by now that this is a family-operated company that is poorly managed and given to issuing PRs at the drop of a hat. You have a CEO who defended the "makability" of a $20 million revenue projection in the seventh month of a year in which it fell 95% short of that number. You have a company who "launches" things like the Envoy, that never see the light of day. You have management spending $7 million to buy an internet portal in order to obtain "talent" in the midst of a crashing technology market awash in cheap "talent". You have $10 million deals with garment-industry sharks that never result in a dime of real income. You have joint ventures with folks who line their hats with tin foil. You have a need for a new CEO in the only subsidiary of the company and, amazingly, the best person in the technology world for the post happens to have the same last name as the other CEO. No, Blue, it's not about the product at this point. It's that the rest of the world is more than a little leery of this group. I think the watchword going forward, frankly, is gonna be: SHOW ME THE MONEY!
