barge, the circumstances for SKS' removal are part of the public record.
Look at the SEC filings. The dude had run out. Pump and placement wasn't working anymore. The last couple of placements are underwater. That is a first, and THOSE shareholders are a little less inclined spend their days in such a circumstance in genius worship and more inclined to let the BoD (their representatives) know how they feel and what the likelihood is of their future participation in equity financing is.
One can revel in genius and tout pipelines for a long time, but eventually (and notably when PPs stop making money for participants) the endless well of equity financing goes dry.
At such a point the board must act, they can't even pay themselves in such a circumstance. Whether Berger moonlighting with Veil or Lee moonlighting with Evo5 contributed is anybody's guess.
Nothing could be more plain. They were out of money AND out of credibility AND out of kool-aid. So, they moved to fix 2 (credibility) which perhaps may result in making some of 3 (kool-aid) and through fiscal/corporate management perhaps some of 1 (money). but at the juncture Wave was at it was impossible to not fire SKS. The choice was to fire or to fire.
Again, read the SEC filings.
The above content is my opinion.
