Doma ~ There's a good chance that you're wasting your breath. Many on this board strongly believe that the actions of Wave and its management has all been necessary. There's also an overwhelming belief that those who are negative will all get what they deserve some day ~ and that somehow a strong commitment to being loyal will somehow make any successes with this stock more gratifying in the end.
Unfortunately, success gratification to someone who got in at $5 - $24/shr is much different than to someone who gets in at $0.65. Also, one's opinion of management's performance, and their accountability to its shareholders is also likely to be different.
That being said, there is no denying the fact that Wave has done what it neded to to stay alive. There is also no denying that this was a vision that, without Steven and Peter may not have happened in the same way that it has over the past 10-years. However, as an investor ~ none of that really matters does it? Because at the end of the day, investing is about buying low and selling high ~ and no one has been able to successfully do that with Wave for the past several years, because the stock just continues to pursue a more rigorous downward trend, and has only brief, sporadic snippets of positive movement to the upside.
In my judgement, that has been what has made this stock a very bad investment for me. If you can't monetize your ideas within 10+ years, and a share of your investment community is still suggesting (every year) that this is the year when things are about to turn around ~ and then they don't ~ well that also is a sign of poor investment judgement on my part.
We should also ask ourselves now what success truely looks like at this point ~ and if success is large-scale adoption of upgrades, then having 1-2 years now to make that happen shows Wave to be lacking success, not gaining success. To have a 12-month price target of $1.25 is also an indication of a less than stellar performance against stated goals.
There are really no words left at this point. On the one side, you have those who believe that success is moments away, and on the other, you have those who believe that not only does it appear that the corner is not Wave's corner to turn ~ but always someone elses corner must be turned first. To that end, many feel this corner is always further away.
In my opinion, there have been no winners here for the past 10-years. Only varying degrees of losses. There is no winning when your investment needs 13-years or more to develop, because even if the company does ultimately profit ~ all you have left is to kick yourself over how uninformed your investment was in reality, for at least 10 of those years.
It's a shame, but this investment is not anyone's fault on either side. It's really just been a public display of my ignorance, and poor judgement. Nothing more, or less. For this, I have no one to blame but myself.
AI
