A very long laundry list for sure.
Wavoids seem to want applaud him for where he got the company. The reality is he guided the company into a position where it had the abillity to recruit some folks with deep pockets for years to make a profit by flipping wave stock to the believers.
I think that the lack of traction into an engaging market, couple with the shrinking support of DELL made those folks who had been so reliable in the past harder to come by.
IMO the RS was the catalyst that set all this in motion. In spite of all of the above, it was the RS that shook many of the hard core longs and once that happens, the entities that ponied up the cash more than likely backed away from the table, and with a share price that has shown zero movement for months, the abillity to raise the kind of cash they need was being compromised-never mind the fact that any sort of dillution going forward without any result on the revenue end was going to continue to have an adverse effect on the abillity to keep funding the company in a meaningful matter. In the last release that stated the over 400M of losses they had since inception they also said they were operating on a deficit of 8.3M in 2013 as of June 31st.
I have the feeling that Solms is a no nonsense guy looking at his pedigree and in the short amount of time and his interaction with customers and employees was very instrumental in forcing this very complicit board into some sort of action- an action that is going to be costly to the company in the short term given the provision of what the decision will trigger monetarily.
I am quite certain going forward what you are going to see is wether or not this company is a viable entity going forward. I don't think you will see many more carrots being dangled. I think what you will see is actual results coming, or the lack there of. I think you will see something tangible either way.
I think this is the first time in many years you have posters that have had a very different opinion on this company, for very good reason I might add, feeling hopeful.
