hi old wavydog with huge sideburns,
okay. i get it now. it's a spectrum for you.
for me, the combination of poor forecasting, reckless expansion, lack of advance preparation for the doughnut hole, misleading commentary, increased compensation and fake excuse-making regarding the lack of investment by insiders clearly crosses the line that makes a real change necessary.
so the need for a fix isn't remotely in question. a symbollical no is a practical yes, as they know. Their intention is that there will be no spring clean.
unfortunately, the company resists change, probably hopes to get away with an order before the shm which masks the management and governance issues and appears to use willing surrogates to promote its nothing-symbollism strategy.
i will contemplate your mould eating wild animals which put the house beyond repair (actually I already do with some delight as to the bizarre image), but i think wave may just eke its way out of the hole it is in, at the expense of existing shareholders. The dilution will be done at much higher relative rate than should remotely have been necessary. nothing more than a rap on the knuckles will be borne by the company's insiders. ooh.
if there's a pipe investment coming, i assume there may be a correlation between the loyalists and discounted pipe participation. price stability helps that equation.
so guess what. even some of the loyalists likely have a replacement pipe in mind.
this doesn't change the fact that ss's surplus optimism causes some very real problems and consequently, wave will continue to make serious operational errors.
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