Wally: In the immediate future, I don't think there will be another PP--instead, in lieu of sales, I fully expect Wave to tap the $15M shelfie.
Stand by for dilution and the possibility of another reverse split. If no reportable sales come in and the shelfie is pushing out shares for less than a buck, the only obvious recourse to stop the Naz de-listing process is yet another reverse split.
At some point, after 26 years without a single profitable quarter, after two reverse splits and the possibility of a third, after nearly half a billion has been raised and spent--most of it foolishly--one has to finally admit defeat.
We are not quite at raise-the-white-flag time, but it is approaching rapidly, with giant steps.
Unless something or someone intervenes, it appears Wave in Q1 2015 will have an extremely disappointing quarter, the fifth consecutive quarter with Solms aboard.
The shelf registration will be tapped for the lost Dell income and to make payroll and expenses.
Another de-listing notice will go out in Q1, IMO--for which the only 'decent' solution will be yet another reverse split.
IMO, if these events occur, Wave will slowly sink beneath the waves, drowning a more than a quarter century old powerful dream. Unless Solms is able to sell something soon, Wave will not live in its present form to see 2016, IMO. Wave long has been hanging by a slender thread and the moths of time are nibbling away at that delicate filament.
Time, in the not-too-distant future, IMO will prove gravity rules.
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