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Re: I can't speak towards the long term potential

By: Down And Out Man in ALEA | Recommend this post (0)
Mon, 25 Jun 12 11:26 PM | 78 view(s)
Boardmark this board | The Trust Matrix 		Msg. 08571 of 54959
(This msg. is a reply to 08569 by Cactus Flower)
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i don't think that hopelessness necessarily accumulates over time.

OK. How about "opportunity deteriorates over time" as resources dwindle and competition eventually moves in.

Either way, someday something's gotta give. Wavoids surely aren't bottomless pits of money, and perpetual motion has yet to be discovered, although WaveSKS is doing its best to impersonate it.

I just got fed up with donating to the cause. I'm still watching, but very skeptical I'll ever want to load up again. Other than for a (very) short term trade.

And, as I've said for about a decade, I hope to be wrong. (In my skepticism.)

For sure we need somekind of vastly improved cyber security. I'm as ready as the next guy. I do so much financial stuff online it gives me chills when I think about it. FIX IT!!!! I'll just be astounded if I ever have a Wave thingy (thanks dig) protecting me or those I do business with.

But hey, we can hope.

Later,
D&O


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The above is a reply to the following message:
Re: I can't speak towards the long term potential
By: Cactus Flower in ALEA
Mon, 25 Jun 12 11:12 PM 		Msg. 08569 of 54959

hi d&o,

i'm not in quite the same place.

i don't think that hopelessness necessarily accumulates over time. wave certainly has a far superior set of products to whatever it has had previously. but still the sales are anemic.

this may be explained a number of ways. i don't feel i am in a great position to know with any certainty whether wave is making missteps on the supply side. too much mush.

but i can keep my eye on demand. and looking at that, i do have a worrying suspicion that this is going to take a very long time.

so i am looking for catalysts. if i assumed continuity of progress, then this company would not be worth the effort. too much expense required to build the foundation and too little evidence that all that expense will yield the income it needs to in order to justify itself.

so far, sks has shown himself adept at destroying capital. even so, the architecture he has built looks capable of delivering revenue on a really large scale if the company can (i) survive and (ii) breach the incumbents' barriers to entry.

i am not confident sks is capable of taking that final step. so - since no change is possible in the management or board structure - we'll just have to wait and see if that happens. or move along, maybe. it's certainly a very frustrating company to follow.

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