Wave is the biggest financial scam on Nasdaq in the past 20 years!
title, the truth is, the spragues and their surrogated have been working hard for 20+ years to both make this outfit look legitimate and at the same time keep gullible investors pouring millions into this scam.
they pay for office space, they pay salaries to software developers who don't really develop anything or very little, they pay salaries to sales people who don't sell anything, they pay computer makers, hard drive makers and cell phone makers to put wave's software on their products, they pay distributors to offer wave's software to their clients, they organize and pay for conferences, pay companies and individuals and analysts to participate in those conferences, they pay analysts for positive coverage, and so on.
all this comes at the expense of investors who have been lied to believe that wave is a real company with a real product that one day will sell and make them rich.
of course the spragues spend only a small fraction of the money on the above. the majority goes into their pockets and the pockets of their surrogates.
mark my words! wave will be in history books in no more than 10 years, as a major if not the main example on financial fraud of 21st century. forget madoff. he did nothing original. all been done thousand times just maybe not on the same scale. but these guys, they're a clever bunch. gotta give them a lot of credit.. and jail time. lol.
