Ramsey2 - I was beginning to wonder if anyone even read this.
Perhaps this perspective, or balancing commentary is too much for an already skewed and heavily leveraged community of loyal followers to consider. While it may be thought-provoking as bigtim suggests, it is also the 'what could go wrong' flip-side of our investment that would be too painful to face after all of these years.
To a great extent, I very much understand why the board possibly read it, and then simply decided not to comment.
This is not the time to run scared and let these kinds of fears creep into this board. It is not the purpose of this board to be a bunch of 'Chicken Littles' suggesting all of the time that the sky is falling, running to Steven for assurances.
Now is the time to trust that Steven and the Wave management already knows this, and is working to ensure this doesn't happen. Now is the time to trust that everything is happening according to a plan that Steven is comfortable with, and that is why his confidence level is so high. Now is the most important time to have patience (next 2 quarters) to see what transpires, and then react. There's no reason to react to the potential negative or the potential positive right now.
Reading it, and weighing it out in one's own mind is good enough. No reaction is necessary right now.
T123
