With this company, it is easier to conclude that nothing is happening rather than something because of the HISTORY that is quantifiable over a number of years. One can argue the reasons why, but the result speak for themselves.
It's not a stretch to say the stock price is in a precarious position right now with the deadline requirement approaching. The argument can be made they will get an extension, but that only changes the time line and not the condition. At the end of the day there are things they can do to regain compliance-reverse split- but that does not change the condition of the company.
I truly believe that the company does not have an impressive enough portfolio of completed sales, and servicing going forward, that go back far enough to make some potential customers feel at ease committing resources to products in wave's portfolio. When you couple that with the HISTORY of financial difficulty over many many years, that's a tough nut to crack.
How many times have we heard how awesome it that the company has no debt. How many potential customers may have seen this and privately wondered why the company hasn't used financial institutions to fund the business?
I see them emphasis always put on the product and how one cannot understand why the product has not been deployed--we are not even going to consider the pros or cons of the ease of use right here- and not enough on how much the lack of sales and financial condition of the company may be factoring into the decisions of these potential customers.
Think about how many times the company has gone to the well for financing on the backs of the shareholders in the last 5 to 6 years!
If you are a potential customer doing it's due diligence pull out Safend and Dell revenues over the last few years...
I just don't know when you take all that into consideration if you can commit your companies resources when you still have other choices available to secure your infrastructure- choices being the key word-not exact same thing.......
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