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Re: dangle, dangle

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 02 Apr 13 4:49 PM | 91 view(s)
Boardmark this board | The Trust Matrix 		Msg. 13102 of 54959
(This msg. is a reply to 13101 by Cactus Flower)
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once you remove the unreal idea of success being just around the corner, it becomes possible to consider changes at the board and executive level at wave in light of actual performance and a reasonable appraisal of long run prospects.

wave seems to use its unsafe harbour to pump up the promise of near-term success in order to manipulate investors' attitudes. sadly, some are more susceptible to this than others. some folks even seem to become unwitting accomplices of this approach in passing along the message- hang on, it's just around the corner. keep the board, keep the executives. don't rock the boat.

you've seen how it works. but the result is more of the same. missed expectations. dilution. capital destruction. nepotistical investment. apparent discrepancies of forecasting between the 10k and the cc. the same team producing the same result.

the manipulation is less effective if you highlight its deficiencies. such as providing a longer timeline. such as challenging the tech story by restoring its costs. such as pointing out that folks are accountable for their previous predictions.

that's about the only way i can think of to get a fair hearing for reality and truth. tether folks to it. maybe then they will vote for change. change is what wave surely needs. change at the top.

you surely can't perform like this and get away with the puffery in the unsafe harbour and get paid like a star - and not be replaced after consistent failure to deliver free cash flow. we've been patient long enough.

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The above is a reply to the following message:
Re: dangle, dangle
By: Cactus Flower in ALEA
Tue, 02 Apr 13 4:13 AM 		Msg. 13101 of 54959

of course. it's never personal. dreamer is a likeable chap!

it's just time to put the tech story guys into perspective. they talk about the vast opportunity of wave's standards strategy and hardly ever acknowledge its costs; and they get a free pass on the timeline. the former is a dreamy vision of a possible future. it's great fun to play the visionary.

the latter involves the concrete reality of costs and endless dilution and it hits us upside the head every quarter. why should we put up with their endless diet of hope without reminding them that the strategy they keep elevating is what keeps driving the weighty cost structure of wave's income statements upwards?

at least supply a timeline. at least use a formula for writing your ideas that acknowledges the costs you demand investors must assume to pursue that vision. at least acknowledge when your previous predictions have contributed nothing.

but what do they actually do? they go quiet around earnings season. they never apologise for their timeline errors. they work tirelessly to prevent change at the top. they never acknowledge the costs of a development strategy that never reaches fruition.

nice as some of them are, i don't give them a free pass. they take the easy road. i try to get them to take responsibility for what they write.

it took me a while to get tuned in to him, but i enjoy barge. i realised i didn't like his following, but since that went away he's much more approachable.

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