Root: No clue as to what the buying is. In Wave history, it is quite common to see large numbers of shares change hands without any discernible reason.
Could be anything. If I had to guess, it would be supporters who believe there is a big wad of deals set to explode. Same old, same old, IMO.
It could also be Wave's partnership with a big company and those who know about the deal are buying into Wave.
Could be a lot of things.
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Back to our discussion about Wave. We can certainly table our talk until early March when we will both have the year end figures. But even without the numbers, there are issues to be noted.
You may have noticed, we are past the half way mark on Q1, without a reportable sale. To me, that is extremely bad news.
I can not get past the non-logic of Wave claiming to have a great security product and companies are being looted everyday, costing real money and making them look like rubes and boobs for not securing their data. All are looking for a way to protect themselves, but somehow Wave never gets the nod.
Many of the companies who did trials with Wave never became customers. Why? That, to me, is a critical sign. Haven't you tried a new product and really liked it? Sure, and you shared it with all your friends.
So why can't Wave sell? It works the other way, too. If a movie or a book is highly reviewed and you go see it, or read it and it stinks, what do you tell your friends?
That's my take on where we are now. If Wave can't sell in this market, I don't think they can sell at all. And the longer it goes without a significant sale, the more it looks like Wave's product is not a great one.
The market is the final arbiter and Wave's falling revenue and the silence from Lee tell the story as well as anything, IMO.
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