Not only that TKC, I will go one further. For years we were told they were in the cat bird's seat in this space via their standing in the TCG. With the company's they had piloted with and the OEM that were including product. Not only WERE they in the perfect position to get a read on their own failings to convert in this space, but everybody else's as well. Especially when I have read for years how they were going to be able to piggy back and make money off product that wasn't solely wave in name.
The merit of sks is nothing but hot air if the company never becomes self reliant on it's product and not by selling shares. The straw man argument is to place the blame anywhere but in the lap of the one who was running the ship. The vision he harbored may have been grand in scope, but was tunnel in reality.
The facts bear this out. He was incapable at managing the financial side of the business, and that was laid bare when he was fired. His vision which had much support dwindled to the point where he could not even muster enough inside the company.
The people that were responsible know far more about this than anyone here on the boards. These were the same folks that I could make a very strong case on what their compensation has been for years, cared a hell of a lot more about pulling in a check than shareholder value. Do a little research on what some BOD members pull in and compare that to what wave's BOD compensation is...shocking.
Plain and simple his utter lack of fiscal prudence that initially damaged the shareholders began to threaten this company. The pet projects that sucked cash reserves for years were a drain on the core mission of the company. The argument that these would enhance the product portfolio is bogus when the core product is not even in the hands of the end user.
At the end of the day the, sprague, the shareholders, and ultimately the company have been victims of this "vision".
I find myself choking on the word vicitm and sprague in the same sentence. Profiting from the largesse of the shareholders seem more apropos in dollars and kudos.
Now if only somebody can figure out how to make the TPM useful in the same way the neglected cigarette lighter in the vehicle became the indispensible usb port.......
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