Revenue for the first 6 months of 2013 was 10,247,910
Dell accounts for 45% of that revenue per the release last month
4,611,559.50
Wave raised 4,170,000 from share sales this year unless I missed one
for a total of 8,781,559.50
1,466,350.50 was the sum of all the other revenue the company brought in going forward.
Of which a portion of that cash I would guess may have been some deferred revenue possibly and some dreaded consulting cash would be a good guess.
I think the stagnant cash flow over the past few years brought on this change. I know a lot of people throw the word visionary around, but that dosen't pay the bills and others weren't buying the visionary at face.
It's obvious to me this wasn't planned. I think the company has reached a crossroads of sorts.
I believe that when the shares were split, which caused a great harm to the existing shareholders , it was yet again looked up as more low hanging fruit by the company from which to fund the company as it has done for so many years. I think the lack of revenue traction since the split has made the job of selling these shares, and getting the placements subscribed to much harder. In the sales positions Solms was in, and given his experience that he was able to bring from his previous stops, it's possible he was able to present something to the board on this company going forward they had not seen from sks.
Let's face some reality. The financial position from which this company has operated from has severely compromised their abillity in the marketplace. I think it has give many companies pause, and the company hasn't done anything to shore that up.
