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Oh....
I hope he's covered. With the new low float it wouldn't take much in the way of news to really ruin his day.
I was being a little sarcastic, but of course you are correct.
RMN
I think it's more of a ironic post, RTM.
Since CPA is, or was, short wavx.
--------------------
Short
By: cpa in WAVX | Recommend this post (0)
Mon, 16 Oct 06 1:07 PM
Jump to board:
Jump to msg. #
Short at $1.98.
Gonna make some more money!!!!!
CPA
Profetic post? LOL.
Software tracks every corporate PC conversation
Etre 2006 Disclosure causes gasp of astonishment
By Mike Magee in Barcelona: Tuesday 10 October 2006, 16:31
CHRONICLE SOLUTIONS has an application that is set to make many a CEO tremble in her or his boots.
Nick Kingsbury, CEO of the UK based company, said that his firm provides a system that will give a record of all transactions a PC has ever made, and record and store the transactions.
He said: "You can track down that mysterious leaked document which finally got out. The idea is you store this data for an appropriate number of times and you can replay the sessions."
It doesn't just track emails, it records every transaction, including instant messages. Filters can be applied, and entire sessions can be replayed in full by internal security snoops.
He continued: "Our customers are large organisations in highly regulated industriues who are very interested in compliance and also governments and intelligence services."
But that drew an alarmed response from Wave Systems CEO Steve Sprague. He said the SEC initiated an inquiry into Wave. "We learned from that not to send an email to anyone ever again."
The inquiry meant that six of Wave's top customers received a subpoena.
A random comment in an email that no one barely remembered sending could be construed very differently after the passage of some time.
FT hack Alan Cane, who moderated a panel discussion here in Barcelona, said journalists like leaks. But Kingsbury said it just meant the moles could meet us down the pub instead.
Cosmo,
Of course you realize what this means don't you? Think hard before you scroll down and see my answer.
This is just the thing Wave wanted to do to set-up a short squeeze. I can't wait for all the shorts to get caught. I'll laugh all the way to the bank. Wave really knows what they are doing. Its gonna be great! October will be ours! (even though the market usually falls apart in October).
LOL
CPA
LOL, ridiculous!!! eom
Look at this post by snackie..
"Let's see now, we went from $1.8499 to $1.82 on 100 shares and just now from $1.82 to $1.77 on 100 shares. What a joke."
What he doesn't yet realize is that Wave is the joke. That is why the stock is in the toilet. He just can't come to grips with reality. He'll blame this on the MM's.
CPA
cpa, what is the delisting value now?
Trend what is the trend on WAVX - it seems pretty flat lately.
The boards are as dead as Wave's stock.
Nothing to do but wait and see if Wave can deliver some revenue without the expenses rising at an equal rate.
I'm betting they can't.
CPA
Thanks, Mr. Galt. I will do so!
greg s,
You have to change your signature to "Unban the WAVX 6!"
I believe the board was deleted due to the lack of any evidence supporting the existence of intelligent life forms.
RMN
greg,
This board, too, IMHO, will be deleted.
The no tollerance policy is in effect on this site. So be it. It is his site, he has the right, whether we like it or not.
Freedom lives! Only in America baby!!!
CPA
The WAVX-On Hold board got "moduherated" out of existence this morning. Feel free to post here. At least for the time being.
Wave Q2 Net Revenues Rise to $910,000, Primarily Due to Initiation of Bundled Software Shipments by OEM Customers and Increased Services Activity
- Net Revenues were $258,000 in Q2 2005 and $493,000 in Q1 2006 -
Lee, MA -- August 3, 2006 -- Wave Systems Corp. (NASDAQ: WAVX -- www.wave.com) today reported results for the second quarter (Q2) and six months ended June 30, 2006 and reviewed recent corporate progress and other developments.
Wave's Q2 2006 net revenues rose over 250% to $910,000, compared to Q2 2005 net revenues of $258,000 and an increase of 85% versus Q1 2006 net revenues of $493,000. The improvement in Q2 2006 net revenues reflected increases in both license and services revenues as compared to Q2 2005 and Q1 2006. The increase in license revenues was principally due to higher royalties earned from increased shipments of Wave software. Services revenue increased versus the year ago and Q1 2006 quarters primarily due to the substantial completion of a service contract for the U.S. government.
Gross profit rose to $554,000, or 61% of net revenues, in Q2 2006, versus gross profit of $81,000, or 31% of net revenues, in Q2 2005, and gross profit of $278,000, or 56% of net revenues, in Q1 2006. For Q2 2006 Wave reported a net loss of $4.5 million, or $0.13 per basic share, including non-cash, share-based compensation expense of $408,000, or $0.01 per basic share, which was recorded in accordance with the implementation of SFAS 123(R) for "Share-based Payment," effective January 1, 2006. Wave's Q2 2005 net loss of $4.2 million, or $0.15 per basic share, did not include any share-based compensation expense. Wave's loss per share figures have been retroactively adjusted to reflect the Company's 1-for-3 reverse stock split that went into effect on July 26, 2006. The weighted average number of basic shares outstanding in the second quarters of 2006 and 2005 were 35,416,000 and 27,042,000, respectively, also adjusted for the impact of the reverse split.
For the first six months of 2006, Wave's net revenues rose to $1.4 million, compared to net revenues of $335,000 in the year-ago six month period. For the first six months of 2006 Wave reported a net loss of $9.5 million, or $0.28 per basic share, including non-cash, share-based compensation expense of $761,000, or $0.02 per basic share. Wave's net loss of $8.7 million, or $0.33 per basic share, in the first six months of 2005 did not include any share based compensation expense. The weighted average number of basic shares outstanding in the first six months of 2006 and 2005 were 33,998,000 and 26,393,000, respectively. Both the basic loss per share and weighted average number of basic shares outstanding in the 2006 and 2005 six-month periods have been retroactively adjusted to reflect the impact of the 1-for-3 reverse split.
As of June 30, 2006 Wave had total current assets of $3.0 million and no long-term debt. Deferred revenue increased to $564,000 at June 30, 2006 compared to $440,000 at March 31, 2006 and $504,000 at year-end 2005.
Steven Sprague, Wave's president and CEO, commented, "We are very pleased that our OEMs' shipments have increased this quarter. We believe our strategy to partner with major manufacturers and OEMs is beginning to yield positive results, and we continue to make significant investments in our software and in the marketing of trusted computing solutions to support those relationships. It is our view that the integration of hardware security into the PC provides an excellent platform to address many of the security issues that have plagued PC users. As the industry discovers this new capability, we believe Wave should be well positioned to participate in resulting growth opportunities. As with many previous PC industry standards, we believe that there will be broad based adoption of Trusted Computing in the PC industry, and we look forward to helping the industry realize the full security benefit of this technology.
"Of course, there is significant work still to be done. Wave will continue to invest in our software solutions to support three core markets for trusted computing: Strong Authentication, Data Protection including Full disk encryption, and Network Access control. We believe that ongoing investments will continue to support our market share, our revenue and our intellectual property portfolio. Though it has been and continues to be a challenging road, this is an exciting time for Wave and its employees and shareholders."
These forward looking statements are predicated on a variety of factors outside of Wave's control, including the accuracy of preliminary forecasts by OEM partners, timing of OEM shipments, enterprise demand for trusted computing solutions, the success of OEM marketing efforts, engineering or support requirements of OEM partners, and other related factors.
Summary of recent progress/developments:
(for more details, please visit www.wave.com):
Intel® Software License and Distribution Agreement: In late July, Wave amended an existing Software License and Distribution Agreement with Intel. The amendment permits Intel to ship the next version of Wave's EMBASSY® Trust Suite with Intel's new Broadwater 965 Express Chipset-based Intel Desktop Boards for trusted personal computers . The agreement does not provide for guaranteed minimum or maximum shipped quantities or royalties.
Trust Company of America: In early July, Wave was selected to provide a server-based e-signature and secure document vaulting solution for Trust Company of America, a specialized provider of custody and back office services to the financial services industry. Wave's TCG compatible eSign Transaction Management Suite(TM) will be deployed with Efficient Forms' iForms Product Suite(TM), to enable Trust Company of America to automate its new account and account maintenance processes.
NTT Data: In early July, Wave executed a software reseller agreement with NTT DATA Corporation of Japan, a leading systems integrator. Pursuant to the agreement NTT DATA will be authorized to resell and provide support services for Wave's EMBASSY Trust Suite technology and solutions for the trusted computing market in Japan, including financial services, government, healthcare and consumer market segments. The agreement does not provide for guaranteed minimum or maximum shipped quantities or royalties.
STMicro: In June, STMicroelectronics (STMicro) enhanced its existing license agreement with Wave with the addition of a license for a new suite of EMBASSY security software for bundling and distribution with STMicro's TCG 1.2 TPM Solution for personal computers. Under the agreement, Wave receives a per-unit royalty - similar to Wave's existing PC OEM agreements - based on STMicro's shipment volumes of products equipped with the new suite of Wave's EMBASSY security software technology. This royalty would be in addition to the per-unit royalty currently paid to Wave for distribution of the original EMBASSY security software licensed under the companies' existing Master Software License and Distribution Agreement. The agreement does not provide for guaranteed minimum shipped quantities or royalties.
Seagate Momentus 5400 FDE: In early June, Wave announced the availability of the EMBASSY Trusted Drive Manager software supporting Seagate Momentus 5400 FDE (Full Disc Encryption) hard drives. EMBASSY Trusted Drive Manager is the newest component of Wave's EMBASSY Trust Suite software products, which provide industry standard-based support for security hardware such as Trusted Platform Modules (TPM) and the Seagate Momentus 5400 FDE drives.
Wave's EMBASSY® Endpoint Enforcer: In early May, Wave introduced EMBASSY Endpoint Enforcer, a new network security product that is designed to support the hardware security features provided by TPM security chips and enable third party applications and services to make informed network access decisions by providing protected access to client security metrics. EMBASSY Endpoint Enforcer can be accessed with Trusted Network Connect (TNC) API's and has successfully passed interoperability testing with the leading TNC solution providers. TNC, a security architecture developed by a TCG subgroup of over 60 companies, is designed to improve the security policy compliance of clients during the network connection process. Wave demonstrated EMBASSY Endpoint Enforcer working with products from Juniper Networks, Meetinghouse and Nortel at Interop in May.
EMBASSY Trust Suite version 5.1: In early May, Wave announced the availability of EMBASSY Trust Suite (ETS) version 5.1. Improvements to Wave's EMBASSY Trust Suite version 5.1 include powerful new password management functions and a simplified set-up wizard to aid new users with initial security options and settings. Wave's newest server capabilities provide sophisticated policy management and key management features which are designed to allow enterprise IT managers to implement varying security group policies, while providing a flexible solution that enables simple changes relative to user or department.
Broadcom and Winbond: In April Wave signed OEM Software Distribution agreements with Broadcom Corporation and Winbond Electronic Corporation permitting the distribution of Wave's EMBASSY Security Center (ESC) and Cryptographic Service Provider (CSP) software technology with Broadcom and Winbond devices that include a Trusted Platform Module. With these agreements, Wave now has license agreements in place with four of the five leading TPM manufacturers. Wave will receive a per-unit royalty based on partner sales of products that are equipped with or include Wave's software technology. The agreements do not provide for guaranteed minimum or maximum shipped quantities or royalties.
re: Does that sound like a nice person??
No that sounds like a person who is on a mission. A mission defined, backed, and orchestrated by persons/entities who stand to directly benefit from the actions of Snackman and others who are part of his clique.
Hi greg,
I worry for his wife and kids.
"I repeat GO F**K YOURSELF, but I am a nice person. People like me, and they do not like you. Every thread you are on at IHUB, people hate you."
Does that sound like a nice person??
Does that sound like a mentally sound person??
It's a freakin message board for cripes sake!!
Good grief....
a sample (I inserted the "**"):
Sent By: Snackman Date: 3/18/2006 3:41:21 PM
Go f**k yourself
Sent By: Snackman Date: 3/18/2006 5:38:47 PM
I repeat GO F**K YOURSELF, but I am a nice person. People like me, and they do not like you. Every thread you are on at IHUB, people hate you.
All you have to do is see what people post to you. If you can't see it or feel it, you are in denial. But hey, I never really thought you were a nice or smart person. Your ego says you are smart but that's your ego. Live with it.
cpa,
I have also gotten similar PM's from Snackie (actually a good bit worse). Trend is right, Snackie has some real problems. Foremost, he cannot deal with anyone who can show why Wave cannot possibly make a go of it. Bans and deletions are his only retort.
greg.
cpa
I also got these type of emails from Snackman.
Snackman really has a problem.
Here is what snackman sent me....
"Barry, PMs are private messages or private e-mails. If you talk about, or print PMs on the board, it is an invasion of one's privacy, and your post will be deleted.
If I call you a mother f....r I am not asking for a reply from you. If you must reply, you have my e-mail address at snackman@ragingbull.com.
I’ve already asked Matt to ban you from our board. Keep giving me posts that I can send to him to show him what kind a person you really are. You are a vindictive low life human being in my opinion. I could be wrong, but again, it's just my opinion and about 3-4 dozen others also.
There is no need for a reply to this PM. If you must, send it to my e-mail address.
You are still a big jerk.
P.S. You can also refuse PMs from me, that is your right."
-------------------------------------------------
Call me what you like, but I'm not a liar. BTW, the ..... had letters in them. I took them out because is was offensive. I may end up in jail for this, but so be it. You should see the kind of guy your leader is.
CPA
CPA.... if you would only stop lying, that might be helpful
cmf,
I'm the last person snackie will set free.
He tried to get me banned for the longest time, but couldn't because I had reasonable arguements with Matt. The reason I was banned was because one day I said to myself enough is enough and spoke my mind. I couldn't argue my way out of that one.
CPA
hey greg,
now billy bones is at it too.
I think cpa should be set free to make room for others.
The agreement does not provide for guaranteed minimum or maximum shipped quantities or royalties.
Same as it ever was, IMO.
greg_s: Any comment on today's 8-K? TIA/e RMN
A not-so-veiled threat. I wonder who the Snackster would bump to accomodate gowave1??
Posted by: Snackman
In reply to: gowave1 who wrote msg# 126515 Date:7/27/2006 10:33:45 AM
Post #of 126522
Gowave it's been nice seeing you.
I did say that I thought a R/S would not happen but I did not post on the subject more than once or twice that I can recall.
Things happen, and things change, but I did not recall going on and on and say that the stock would shoot up after the R/S and there were not many many posts by me because I did not post on the subject.
My post to Micro was not an attack and I know Micro will not take it that way. However, I consider your post an attack but I will let it stand and file it away with the posts I have received from the banned posters on this board (before the bans) and on other boards.
If you truly want to continue this discussion there is an OT board at IHUB but you can't attack there either so if I were you I would read the rules from IHUB before you post again.
#msg-12278977
Yup!! LOL!!
All we do is give and give and give and give.
We're like the anti-Spragues.
Cause all they do is take and take and take and take.
Hey, that means the five of us who are banned are performing a public service of sorts, right?
Over Matt's totally-involved and biased dead body.
He only gets 5 bans...
He'd have to free one of us.
You can go if you'd like ;o)
Got Ban?
Posted by: twinkiedefense
In reply to: None Date:7/25/2006 11:38:11 AM
Post #of 126202
Snackman..of course sra is going to be bullish, that's how they make money, get the price up to increase the spread for the private placement investors. how does that benefit the shareholder? It does'nt and never has. Management makes out with a re-loaded check book, the investors get a guaranteed built in profit. not bad. please where is the shareholder in all this?
And please enough with the veiled references like a company with an "I". Has any of your prognostications ever come true.
June is ours?... If that June was if fact ours( was that 4 or 5 years ago). would we be at 55 cents? Spent 285 million, and need a rs to keep it going?
All ceo's are bullish. do you think steve is going to get up at any shm and say times are tough?
Nope, got milk!
CPA
Morning cpa,
I don't get the sense that the koolaid is really flowing following the SHM. It is SKS's once a year opportunity to grease the wavoids, off the record. If this is all the enthusiasm he can muster then there's a rocky road ahead.
I believe eamonnshute has the correct approach here.
Next up if the reverse split announcement. 1:4
Quickly followed by the funding, while they can.
The price could easily slip 25% from here.
Got popcorn??
Notice awk hasn't posted the answer.
I can tell you the answer....."Management can't worry about the day to day shareprice."
Yet, that is how they get their money, by selling shares. Oh yeah, they don't give a rats A.. about how many shares they have to float. Why, because they aren't interested in the day to day, year to year share price (or the stockHOLDERS).
CPA
This is a real shocker IMO.
"Andy Kuhn (AWK) asked why the AS were not being split. SKS – everyone knows there will be the need for addition financing, not splitting the authorized shares allows enough shares for this purpose without requiring another special meeting for approval. The directors felt it was easier, quicker and cleaner to do it this way. If Wave goes off the NAZ the current shelf would be invalid."
management is already prepared for being given the boot off the naz. wonder if the wavoids are.
greg_s: Thanks for the AB update. Please keep us informed. You know how we value your keen insight.
RMN
Well, the primary discussion topic over at AB's WAVX board seems to center around a cute little ditty posted by awk asking if hell freezes over.
Fill in your own punch line: ___________________________________
"I will do everything in my power to see you banned"
~~~ shiver ~~~
Yup. Matt & Snackman are bosom buddies.
6/25/2006 10:43:43 AM
You have caused over two dozen deletes this morning. I have only done about a third of them. IHUB is watching you too, so I would be very careful here.
Being a paid member does not stop from banning you. Check out greg S. He is a 'founding' member and he is banned from the board.
If you continue your vendetta I will do everything in my power to see you banned.
We have another board we can go to were we control who can post. If we get enough of YOU GUYS, we will all move to that board where you will never post, no matter how many handles you have.
And it's free there also.
This is the 3rd board I have moved everyone to. One more and we are home free
That was the day he left & now he's back, he'll leave again
re: He needs help
Yup. Perhaps the Wavoids can stage an intervention?
Hi Greg,
If he was saying goodbye to that site forever, how would he see his name in print again?? This isn't even funny anymore.
Seriously. He needs help. His wavoid friends should recognize this and work with his wife to get him the help he needs.
I'm very worried about him...
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