Dig, I saw your posts talking about the difference between company survival/success and that of its shareholders.
It's a song I've been singing for several years now, and have posted about it numerous times. I've written about how Wave might fail and bankrupt its shareholders, or how it might instead be ultimately successfully, but AFTER wiping out its shareholders. Both very real possibilities, and the latter, it seems, should now be a very real concern.
I could make a long list of companies that are carrying on successfully after wiping out their previous shareholder base. Unfortunately, I've seen plenty of it first hand. And have been watching Wave with concern for this for quite some time now.
I see absolutely NOTHING yet indicating any changes to protect current shareholder "value", or even ultimate survival.
I've also spoken numerous times about how the hordes of simple minded apologist WAVX shareholders scares the life out of me, because if they are representative of the majority of shareholders, they will continue to enable SKS and the BoD to drive the shareholders right off the cliff as they perpetuate the life of the company only.
It is so far past time for shareholders to demand change and ACCOUNTABILITY that it is probably too late. But at least should be tried. And I don't see it happening.
Disgusting and dissapointing. But totally predictable. One could see it coming for years. We reap what "we" sowed.
If you still have shares, be prepared to write 'em off.
| 