now jermart, you know
that is just not true. Firstly, SKS is not a moron. Moron is a term that refers to an adult with a mental age of between 8 and 12. While there are morons, SKS is clearly not one. On the other hand, the use of "moron" for someone who isn't one is an insulting term.
Secondly, only insiders truely know what the accounting numbers will show at this time, so by definition, not "everyone" knows.
But it will be no surprise for Wave investors if the firm does not show positive accounting earnings. SKS has repeatedly told investors over the past decade that accounting profitability is a secondary goal to achieving market growth. Nearly all investors understand this and, while not all are happy about it, it is the accepted standard. Investors know this already.
What is unknown is how quickly revenues are growing and the uptake of SMB of TC. The signs here are positive as Wave has added to staff in order to pursue growth.
Also, SKS adopted the bullish ATM financing method. Taking an oportunistic approach to financing means that Wave is highly likely to be generating positive cashflows from current business to fund operations but is willing to sell shares at loftier levels to fund higher growth.
The function of the ATM has been misunderstood by some to be a sign of weakness in cashflow and funding alternatives. Nothing could be farther from the truth. In the past, if Wave needed funds with uncertainty, SKS has not hesitated to make use of private placement funding methods. That SKS has not resorted to such methods is the first clue that the funding dynamic has changed. SKS knows that there are enough funds coming in the door to keep operations going. SKS also knows the positive revenue growth pattern and ever increasing news flow will eventually cause Wave's share price to increase. When those higher share prices occur, SKS is likely to make use of the ATM to raise funds.
Something SKS is not willing to do currently as he knows the share price does not reflect the strength of Wave.
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