Great..now what? Without PO's in hand that show a substanial push of the product why should any shareholder believe what might emit from the CC? Holding tight and waiting seems like a losing strategy...as it always has...even at this range.
I doubt Solms will be CEO for much longer. He gave Wave an extra chance. He built a product that seemed to attract some level of curiosity and perhaps interest. But it sounds like Wave was already too damaged to complete a transaction. There's nothing for him to stick around for, other than perhaps to arrange a sale.
Now it is a question of picking up the pieces. Looks to me like Wave is priced on a break-up basis.