briefly,
That tour and jose may or may not be different people or fourteen people is immaterial to me. I call it tour's board. I'm good with calling it that. I think that speak towards what is.
On exit points, my very weak confidence in anything resembling Wave management has completely eroded. Q1 numbers were a "reduce exposure" signal to me, one I of course acted on.
I plan to exit, on a lot basis, in accordance with best policy for taxes and so on.
WAVX is a trading equity for me going forward. It is not and will not be a buy and hold equity for me. The dudes in Lee have made Doonesbury look like a sober documentary. I have meters, just like peter, and when the needle breaks off all of mine, lee cannot be part of mine.
I have shares above and below water, and with all the wash sale stuff and so on, I am simply looking for exit points.
I will likely trade Wave for some time, but as far as long investing ... I'm thinkin I am going to join the methods of Sprague, Feeney, Bushnell, etc.
They seem to be dong well, the key is to not own, just be proximal.
I thank, in advance, the owners.
As part of planning an exit is trying to see if there is any reasonable near term bounce o something to flip some into .... but Lee speaks only of PP, not of NBD.
Its pretty simple, I voted my shares, I lost, its best I get out. However, I do expect WAVX to be a valuable trading vehicle, but I am going to go with the collective wisdom of the WAVX Board of Directors and Senior Management on whether it is a good long hold investment. Their position is that it is best not to hold WAVX but to be poised on the sidelines. Very well. Sidelines here I come.
They have been right (on the sidelines), and I have been wrong (invested) to the point where I am going to listen to them. They have the insider knowledge, they have the resources to act as appropriate, and the vote sidelines.
The fact that mgmnt did not sell into this spring as they always do reveals their need the cash for the wifey thing as a lie. They have the shares, they could sell them, they are in the money. The don't.
They value WAVX at something over 70 cents a share and something comfortably under 3.20 a share. They don't think it is worth more or less than these levels, these are the levels they demonstrate their appraisal thru action, the sell above 3, the hold below 1. They issue an ATM authority at 2.5.
The companies management believes WAVX is worth about 2.5 a share.
Its really pretty simple.
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