"sufficient guidance to the investors"
Ramsey - the wonderful thing about such a theory is that it is fully supportive of what some might consider a delusion that is self-supportive. a well constructed artificial reality that cannot be deconstructed b/c it has a perfectly infallible NDA precept.
"1. Probably didn't do an earlier placement at recent higher prices because it was previously not feasible to provide sufficient guidance to the investors. IMO, NDAs are involved here and it's more complicated than we can imagine."
IMO the fact that the stock traded @ 40-45% higher just days ago going into the CC & the PP is closed in "literally" just a few days after the CC is beyond rotten.
IMO mgmt did this timeline deliberately SO they would not have to talk to investors about it & it'd be almost a full 3 months before they'd have to face investors again (i don't count the "shareholders meeting" @ the private resort day after tomorrow b/c it'll be a syccophant's soiree).
IMO this deal is full on shady. Hadta use a different placement agent & it drops the price from $2.71 -----> $1.85 in LESS than a week of trading, but of course ALL of the downward movement is on the backside of SKS having to face investors' scrutiny.
& yeah, of course i AM jealous of Dudash, et al for not being Kool Aid guzzlers & their prescient dumping @ $2.71. rarely is it profitable to give mgmt the benefit of the doubt.
why wasn't the PP closed prior to the CC so that investors could discuss it w/mgmt? for those dancing around like drunken little spraguettes, are you aware that the company took a FIFTY THREE MILLION DOLLAR hit to its market cap just to raise $7million?
Ameritrade commercial:
Huh. I spent twenty dollars to save a dollar.
AND the shares are diluted by almost another 10% w/the new PP? Wave is barely worth $100mil right now.
Please explain why the company is still holding ANY SSPX (let alone > 95% of their original holdings) ?!?!
SSPX traded up to $2 during this time frame & could have resulted in around $9Mil in Wave's coffers. Wave sold something along the lines of 200K & now SSPX is trading around $1.15 (a loss of value to wave of around $4mil). Please explain why Wave didn't dump every single share of SSPX in the last month BEFORE diluting their own common stock.
In that there seems to be no stragetic basis for Wave to hold SSPX in terms of an acquisition (@ least none articulated here or that i can see from any independent DD) & Wave's cupboard was bare (yet again), why would they hold the SSPX, watch it go down almost 50% & do another dilutive deal that in effect has resulted in the last leg down of a TWO HUNDRED MILLION DOLLAR decline in Wave's market cap from the summer highs!!
many will just continue to extoll the virtues, but IMO, the mgmt of this company is really NOT to be trusted. i have formally traded in my prior willingness to trust mgmt based on the way this PP played out... it might be on better terms than the last schylock deal, but it still smells really rotten.
how ironic that they want to be the leading blahblahblahblah of "Trusted" Computing.
i predict that Wave will still be here years from now & will have a market cap of $500Million!
that's great right?
well, not quite.
the combined classes of A, B, C, D, E, F, G & H will equal 250 million shares out & will still trade @ around $2.
oh, i forgot.
WAVX RAH!
WAVX RAH!
RAH! RAH! WAVX!
PS i'll bet SKS considers it the best CC ever (b/c he doesn't have to face any scrutiny until sometime in February)
edit: 24 -- please direct me to that "last straw" line... i plan on trading this stock for YEARS to come buddy.
the "last straw" element, if any, is that i no longer trust SKS, et al even one iota (for reasons stated above). but you can bet that i'll be around (irrespective of whether i post it or not) to cap rallies & suppport bottoms.
i am looking for an exit to my trade, not to wavx altogether!!! far from it. my most profitable moves have been when i didn't trust mgmt, so like the spraguettes, i am more optimistic than ever about *my* prospects w/wavx, but for very different reasons!
cheers!
