Wave Systems Corp. (fka WAVXQ)

[aleajactaest]

hi player,

i lost track of the nuances of the pilots and the dozens or hundreds. one way or another, more than 10 months have slipped by. setting aside the unsafe harbour, i'm afraid a pattern is more-or-less in place.

i guess the problem the ceo faces is how to keep folks interested in the stock which he needs to sell to keep the company afloat. i imagine the easiest way to do that is to make optimistic but hedged noises on the conference calls and in the shm. folks are usually seduced by hope.

as an investor, one stands on sand. there's no way to tell if the ground is firm or if it is going to swallow you up. the pattern of cash flows are the most reliable means of establishing a decent footing. you simply don't have that with wave. so the only thing one might use to think constructive thoughts is the ceo's commentary. it's a bad situation when you feel you cannot rely on them. but here we are again. feeling that he isn't able to gauge the market.