edit2: greg s was spot on -- SO, on what do you base the conclusion that opting out is the appropriate course of action? mere sprague loyalty?
rachel - i really don't care if you consider my views lacking objectivity, nor do i find yer conclusions (which lack any cogent analysis) to be even remotely persuasive regarding the 24% APR vigorish that is looming like Damacles sword.
as for Peter's sale, i posted abject outrage about the 100% write-off for purported uncollectibility after it was demonstrated that he spent over $600K to buy out the estate of Krofta Water just after claiming he was unable to repay the loan. i also consistently questioned the loan to him & the one to Feeney as it relates to Sarbanne-Oxley, especially in terms of the forgiveness extended after S-O went into effect.
i was pleased when he finally repaid the obligation but as the facts continued to reveal, Wave was in no position to realize any revs in the foreseeable future & in fact, have made claims of "breakeven" which were clearly not grounded in reality (i know, they forgot to account for the increased variable costs... riiiiiiiiiiiiiight). then there was the self-proclaimed bon vivant's comments in the Smart Money article "Wave of Delusion" with its shrill Marie Antoinette ring to it.
i s'pose i've also lacked objectivity on whether NSM was shipping a few Qs ago, whether the TPM adoption curve was flat or steep, whether the S-3 was in fact effective, whether there was a non-performance provision in the PP, or maybe whether class action suits were inevitable, etc., etc.
i've also prolly been following Wave for a few more years than you & have witnessed all too many things like "mind blowing news literally in a few weeks" to have the patience of Job for that sort of brown.
for any wavoid to even attempt to suggest that any other humanoid on the planet lacked objectivity is oxymoronic at best...
edit: goinup -- yep, it was a veiled Trippi reference from yesteryear. he's prolly gonna have some of his own tough questions to answer in light of the fact that the Dean campaign blew through $40M for 2 primaries w/out winning or even showing impressively. what's worse is that Trippi & his firm/s reportedly pocketed something on the order of $7M of that $40M & Joe can't remember, or isn't sure, if he sold out his wavx or not.
strange how familiar it all smells...
edit2: 88, reading is fundamental.
