blue, I believe you are establishing a set of either ors and imposing a set of either ors on others such as alea.
I submit that while either ors are comfortable and make for easy truth charts, they may or may not reliably outline the future in either event.
So yes, I think they need mgmnt change.
And perhaps there are lots of competing products to wave's flying off the shelves.
OR maybe they produced some stuff prior to broad enough market acceptance (it is not that they haven't sold anything,they simply haven't sold enough).
OR in the current environment Wave CAN sell, and you say they CAN'T ... the truth is in between, they sell, just not enough.
Certainly the confluence of the product, the salespeople, and the market is not not a good one. You seem to require assigning it to
"the product or the sales people"
and I see three things here and not two.
I am concerned that Wave may be desperately holding to a price point that is not working. That is not a salepeople thing, they are not allowed to sell below prices determined by management.
There is, of course, the notion that nobody buys this type of infrastructure from an nearly insolvent enterprise.
I reject your binaries.
I do think the company is run by trolls, that they steered the train off a cliff, and that I expect them to do the exact same thing in the event they do win a big deal that brings them solvency.
It is now well demonstrated, these guys are dumber than dinosaurs on running a business. Nothing short of personal replacement will likely amend my opinion on that. And on most things I am usually the last (or at least well within the heard) so I cannot imagine the street warming up to Wave.
Fortunately, for me, they put decals on cars. That told me to look daily for sell opportunities.
I am inclined to agree with alea ... they have walked away from EVERYTHING ... they have all of their chips in a basket called DoD for April.
Lotteries. Lightning. And DoD in April.
The equity is not really worth following beyond that.
I have, and I am serious, not even bothered to read the Q3 financials.
I know it is as bad as it can be, I am confident that reading the numbers would only demonstrate it to be worse than that.
This company will fail completely. Its loyal shareholders will walk away with little but a few crumbs. Some sort of garage sale will occur, likely next summer. The company will likely go for something less than $35m.
I don't see much else to talk about.
The above content is my opinion.
AI
