Should they also be grateful for all the disinformation?
You declare that Wave has wasted $250 million but don't even know what (if anything) they bought with it.
We have law firms whose business models include specious class-action complaints as loss leaders.
We have wiseguys who take every Milberg allegation -- like their assertion that Wave's sales of SSPX shares counts as an SKS sale of WAVX shares) as gospel. (The Milberg complaint's paragraph 19 completely misses the biggest financing of all, at $34 in the spring of 2000.)
We have purported investment experts who not only don't know jack about share-registration but also are willing to peddle contradictory interpretations of that process from one day to another.
We have wonderful savants who know stuff that nobody else does, like making money is the bottom line, and you can't make money without revenue, and so on. Many of these know-it-alls have repeatedly predicted that Wave would be out of money or out of business by serial dates certain.
Now we have a pied piper telling us all about what VCs would expect if they were involved. How dazzling.