It is simply breathtaking to see the loyal Wavoids jumping up in excitment, breathing hard, responding to this paltry placement as if it were a big deal and a good deal.
$7M ?
My take is this was as much as they could get. Wasn't much, but now they need every penny.
What would be the theory going forward about arbitrage, if the stock continues to decline? Not saying it will, but should it drop some more.
To me this deal shows the plight Wave is in. Not KO'd by any means, but in trouble on points in the late rounds. If revenues are not forthcoming and forthcoming fast, we are all toast--optimists and pessimists alike.
I'm hoping for a miracle.
Bluefang
