Hi tkc,
Nice to see you back.
It's a tough job, running a company, and for myself, I have no doubt that Wave's management has been pursuing the opportunity as it sees fit.
I also think that there is so little equity amongst board members and management that they suffer little from its decline and thus seem a wee bit careless about its value. Hence, WXP. Hence, scrambls. The longest term project works just fine for them. The options will get replaced at lower values as well.
So we wait. And wait. For myself, I'd have removed all but one Sprague long ago. The Board should be capable of making an evaluation of the CEO independent of family friendship.
If the US elects any of the Republican candidates, it has gone nuts. But maybe it already went nuts to make the Citizens United ruling and to permit people like this to stand. There used to be a sane right.
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