hawkshaw - I've always believed that whatever you said was done with respect, so I accept your opinion in that veign. At some point, this investment goes beyond staying power. My opinion is that it has reached that point, and here are my resons rationally presented:
1) Product has been available to the marketplace for quite a while now, and yet it's not shown itself to be a must have, intricate part of the offering.
2) Sales revenues are close to zero since product launch.
3) Named likely users (Finread, Compaq, NSM, NEC, EDS, others) seem to fall of the map and never announce anything for months and months.
4) Wave is seemingly totally dependent on others (MS, Intel, NSM, others) for their success, and must play their game indefinitely without any value given to Wave's shareholders.
5) One of the more important is this one... Multiple rounds of financing that at this point appear to be inexplicable. Why go for such small amounts of money if you are truely a diamond in the rough, or a catapillar waiting to become a butterfly? Why not get more money? If you can prove you're intricate to the big picture, there's investors out there smart enough to realize that from a presentation behind closed doors.
I'm sorry that I have to disagree with your staying power opinion for this one particular reason. If the investor community doesn't have confidence in you to give you what you need, then why should we be so bold as to think we know more than these equity financers, and that Wave is somehow purposely just trying to survive until their day finally arrives.
I'm naive at times. I'm even loyal too, as I've continued to demonstrate. But, I find it difficult to be as committed to the notion (any longer) that this is all part of some larger scheme that Steven has under total control. In my opinion, 5 - 10 million dollar financing rounds on a seemingly endless basis doesn't support that theory. Nor do I buy that money is tight for someone like Wave, if they could show they're down with everyone, as they imply.
Am I staying with it. Yes. I always have, and that's probably why many of you treat me with the respect that you do. You know that you can't argue with my commitment to this investment being any less than your own. I just try to make all of the things that I know to be important add up. And for the past 15-months, they have not added up the way I believe they should, given all of our fantacised opinions.
At some point, show me is better than tell me. This year is a show me year. We all agreed. And already, Steven is trying to focus us in on next year, or the year after that. Forgive me if I don't buy that with just a 'trust me' any longer. I want hard evidence that the end of the year is looking good, or that next year is looking better. I deserve to know what that means, and not continue to buy into the hype of a better tomorrow.
These are my resons for posting the way that I do. You are welcome to do the same.
T123
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