Just to let everyone here know, AWBW has passed. He had aggressive ALS and passed the day the Foxconn announcement was released. Seems he got the Hail Mary event for Poet in the end.

There has been a flurry of positive announcements out of Poet. Enough to keep the other board busy with positivity. With all the good news coming out of Poet, you choose to pick fights with allwillbewave? Wow.

Hi AWBW, you wrote

I still can’t believe management let us run out of cash. It’s on them regardless of alternative funding solutions.

I agree its ultimately on them, and I say the CFO needs to go. But I haven't yet seen a poster that likes it when there is a capital raise at a discount to the market with attached warrants. The mistake of management was to believe that posters actually had any cash to backup their bravado and claims of buying cheap shares. My lesson is to sell the shares of any company where the CFO starts posting on chat sites.

POET has yet to prove they are more than a freshman science experiment. 100g was supposed to sell, then 200g, followed by 400g. They just raised that to 800 and still no takers! Who will bid 1.6t, do I hear 3.2t ?????

Did 2000 shares trades in the aftermarket at $5.46???? Chart says it did.

Interesting Linkedin post:https://www.linkedin.com/posts/raju-kankipati_the-safest-semiconductor-chip-stocks-to-own-activity-7061776589511933953-U2gN?utm_source=share&utm_medium=member_android

I believe 2025-2026 was a descriptor for the subsequent referenced data quantum. Clearly, we need photonics deployed on an accelerating rate over time to achieve that data flow in 2 -3 years time.

I fail to see where Poet was silent. Poet put out a couple of product related PR's prior to the show, as is customary, and these PR's had the chat lines flowing for a few days. In the meantime, Poet has given clear guidance on product roll out going into H2'23 and '24. Nothing from the show says this is no longer valid.
I would have loved a surprise announcment of a $200mm deal to provide 400G transceivers to a bulge bracket firm, but I had no reason to hope or expect such an event was in play.
Poet is likely to follow the script they have written, so look forward to a gradual build up of products and sales over the coming quarters and year.

Impressively cool!

Prescient timing on that option purchase. Given OFC, there was a good chance of new product pr's prior to the doors swinging open.

Oh what Poet could do with a $50 share price! Issue 4mm shares and then expand to fill the product space they see before them!

ALWB, you write about possible revenues.
I think all revenues will be meaningful, even the smaller ones that begin to trickle in H2 '23. Meaningful for product adoption and for share price appreciation.

Art is the result of profound understanding, whether on broad canvas or nano chips.

awk, good point. So Dell acquiring Credant solidifies the Dell / Wave relationship by making the once-removed Credant / Safend partnership a direct Dell / Wave partnership!

Judging by the share price performance of Wave so far today, the market disagrees with those that say the Dell purchase is negative for Wave. Good to see for Wave shareholders.

Barge,

I think the venture capital types that owned Credant found themselves backing the wrong pony in the encryption field and decided to dump the company as quickly as they could. Dell was the buyer for the reason you suggested, their customer base.

Depends on the news, but $1 appears to be well within reach. Holding it for 10 days will also require strong news.

With disclosure of some good sales news, the share price could move up a lot before any retrenchment occurs. Then it will be the old saw tooth pattern to the upside as a longer term trend takes hold and buyers left on the sidelines begin to chase it.

With no news, we go eventually go back to $0.65

Hi Mig,

The dots of the past decade are real. The next few short steps to deployment on a massive scale are about to begin.

Don't take Wave's word for it, or mine, but read what the NSA and DoD and others have to say concerning trusted computing policies and deployment timelines. It is easy to lose track of what will occur when you dwell too much on how long it has taken to get here. TC is disruptive to many entrenched interests and so it has had to overcome many barriers on the road to broad adoption. But with the NSA, DoD, MSFT all onside, the required steps to deployment have been taken.

Others may view this differently, but their arguments are based upon past disappointments, and totaly ignore factual indications of plans for the future.

Rest assured, the large investors who make it their business to understand the fundamemtals of TC and Wave's role in it are disappointed in the share price but very content about future prospects. A take over will not pass a shareholder vote in spite of seemingly popular sentiments in that regard.

player

"You cannot spin the option premium as the same balance as the purchase of shares. If you did, there would no such thing as hedging using the derivative instruments"

A hedge can be constucted from any number of items, including other shares, futures and options. That something could be construed as a derivative or hedge does not mean it does not show up on balance sheets. Look at IFRS ....


The "service to the company" has been handsomely rewarded through salaries and bonuses.

Had SKS not been awarded warrants, he would have demanded more salary and bonus. Thus there is an implicit cost base to the warrants of forgone cash payments. I won't get into an argument with anyone concerning the validity of these payments.


Show me where you can take a loss on your taxes for options/warrants you are awarded that expire worthless.

You can't, but that just makes the risk of accepting warrants in lieu of cash payments that much larger. A straw man argument on your part in any case.

Making up your own definitions may work in some places, not here.

You're the one who's stretching here, not me.

player1234,

since you wish to take my statement literally, I will take the time to correct the error you made in saying I made an error.

Long options have a purchase price, and the purchaser of these therefore has a"balance" of risks of losing his option premium versus have a profitable option position in the future. Warrants are earned through service to the company and also have an implicit cost to them, they do not come free contrary to what some may think.

So you made an error in saying that options and warrants do not represent a balance between risk and reward.

Test and Observation

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now jermart, it did work out well!

Countryboy, slide 23 says

"Microsoft is working with partners to support discrete and integrated TPMs for different form factors and market segments"

-Form factors we know as Intel and ARM chips

-Discrete and integrated TPMS we know as TPM chips, ARM Trustzone and Intel TXT

-market segments are pc's, tablets, smart phones and imbedded devices such as in cars

so that leaves "partners to support"

which we all know is Wave and only Wave!

Looking for more news over time out of Win8. Dell is giving us lots of hints given their tablets plans, WIN8 and BYOD strategy.

dig, the exact production

costs are not known by us but it has been suggested that it would cost at most $100 per second of video. For a 4 minute video, that adds up to $24,000 at the top end. Just to put some perspective on "big budget production costs".

I got that much Jermart, the part I don't

get is the stuff you think will occur after Wave is allowed to sell into the ATM. On one hand, I have calculations and comments by rwk showing the ATM, if in use, is only about 20,000 shares a day, less than 10% of daily volume. On the other hand, I have jermart saying that Wave is going to sell 14 million shares on some given day. Meanwhile, Alea has added that he sees no need to raise funds until Q3. On top of this, there is no evidence that Wave has been using the ATM nor any evidence that Wave will choose to use the ATM while the share price is low.

So, what is it exactly that you think will occur after the ATM facility is reopened to Wave?

now jermart, you keep saying indefinite things like this


And when the 10K is finally filed watch what happens.

Well, with the passing of time, something will happen. The occurance of anything at all meet the requirements of your prognostication. But that's not telling us anything.

unixguy, TPMs are not

mainstream right now. They are currently cutting edge and being deployed by best in class IT professionals for best in class companies. When TPMs are mainstream, Wave will be selling about 200,000,000 seats a year @ $70 a seat. Do the math.

no unixguy, there in not only one

question, how much Wave gets "hammered this week". Another valid question is what will Waves share price be in 2 years. That's what an investor is looking towards. But to answer your question, the share price will go up and down in the short run, bouncing off support levels from time to time. Hohum.

Tablets and Windows

the view from Dell concerning Win8

http://www.reuters.com/article/2012/03/16/us-dell-tablets-idUSBRE82F13C20120316

Now Dell is planning a fresh assault with the advent of Microsoft's new Windows 8 operating platform, which is expected later this year and will have a touch interface that works across desktop computers, tablets and smartphones


Lenovo, Hewlett-Packard and possibly Nokia are also planning Windows 8 tablets.

comment: Nokia is an interesting player here comming from the smart phone world and having it's MSFT connection.

On the commercial side there are a lot of concerns about security, interoperability, systems and device management, and I think Dell is in the best position to meet those," Felice said.

and for Barge

Asked whether he envied Apple's ability to produce such coveted objects, Felice said: "We come at the market in a different way ... We are predominantly a company that has a great eye on the commercial customer who also wants to be a consumer."




And why is Dell in the best postiion to meet these needs? Because of their partnership with Wave! Quite unbelievable thought that Dell / Wave business relationship could be at risk!!

A thorough understanding of SEDs, TPMS, etc provides a firm foundation to understand the investment opportunity called Wave!

wd/ thanks for the proof positive link. Too bad Dell's site isn't as explicit.

The XPS series edit

of laptops are defined by Dell to be a consumer targetted line of pc's.


http://en.wikipedia.org/wiki/Dell_xps

The "XPS" ( Xtreme Performance System) name dates back to 1993 when Dell at that time was more focused on corporate business than consumers.


Current XPS laptops

Dell returned to develop their XPS performance line. The three new laptops, released in October 2010, have many new features and specifications from the old models. They feature JBL speakers with Waves MaxxAudio 3 technology, and have integrated 3D graphics. The line is the first to be Skype-certified for video chat. They have Intel i5 and i7 processors.

Dell does not include TPM's in consumer products nor are the SS drives self encrypting. So the standard XPS laptop will not include DCP nor will it include the TDM.

I see Summerblaze has said his new XPS has a TPM. So perhaps the XPS can be upgraded to an enterprise, SMB configuration that includes TPMs and SEDs.

Kaleid, reading over the

transcript you posted, I see you used Wave product names for some TPM management software that the Dell salesperson would not be familiar with. Further, you have to keep in mind that the TDM software is an additional $7.50 to Wave that Dell does not include unless there are SED's being shipped with the order. The lack of SED's will necessarily result in the absence of TDM software. And the presence of the TPM will necessarily result in the presence of DCP, aka Wave ETS.

You won't get the right answer if you don't ask the right question.

unixguy, as a person with first hand experience settin up a Dell with DCP and active TPM and SS SED, I can tell you that DCP does not slow down the pc nor does it consume vast amounts of memory. On the contrary, my file download speeds are super fast due to the solid state drive. The benfits of this are most felt most obviuosly when doing a virus scan. I suggest you contact support of either Dell or Wave to help with your implementation concerns.

kalied, it is more likely that the saleman didn't know the Dell Control Point is the private label Wave product for TPM management. So he didn't see Wave on the spec list, while he might have seen DCP.

Wrong Jermart, now how about 223934?
Amy correction for your error on that one?

now jermart, could you please respond to

plater1234s post to you where he says your conclusions regarding the ATM are in error? It would be interesting to hear any corrections you need to make.

Post number 223934

dig, no, what

I am saying is that an individual investor not only has a different risk exposure to the company, but also that the individual investor is not likely to have nearly as many options as the management person. A question of magnitude.

Say SKS had 1,000,000 options expiring that were $2 in the money. A gain of $2,000,000 for the AMT to sink it's teeth into.

An individual is unlikely to have more than 100,000 options, worth $200,000 of gain in this case.

Getting hit with a AMT tax on $200,000 is much more easily handled than on $2,000,000. Many people who could handle a $70,000 tax hit would buckle under a $700,000 tax hit. Managment is no different.

dig,

standing on my head allows me another view. edit

The AMT does throw a nasty tax consideration that can bankrupt people under extreme adverse conditions.

But consider the management person who has a bunch of expiring options and the individual investor.

An individual investor likely has a diverse portfolio of shares and the option holdings are but a smallish amount of his portfolio and net worth. Further, his job is not tied to the company and its shares. For that person to buy and hold does not change his risk profile by much nor is it likely that the AMT can cause him significant financial hardship or professional embarrassment.

For the management person, the options are likely a significant portion of their compensation as well as a significant part of their net worth. Their potential for financial hardship due to adverse AMT effects is significant. The professional embarrassment risk of AMT bankrupty is immense.

So I can understand why the market standard in the US is for management of all companies, not just Wave, to sell off exercised shares.

There are 3 noteable exercise

routes that can be taken and and a large number of combinations of these.

1. Sell as many shares as warrants you hold in order to take cash off the table.

A defensive play by a warrant holder who keeps the same number of shares but wishes to take some cash out.

2. Sell as many shares are required to pay for the larger number of shares bought through the warrant exercise.

A bullish play as the warrant holder is increasing the number of shares they own but not increasing their cash investment.

3.Not sell any shares, and exercise the warrants.

A very bullish play as share ownership is increased and more cash is invested in the company.


It should be recognized that some warrant holders may have sold shares they own some time back and may therefore exercise their warrants now to keep their share ownership. Condsider someone who had 100,000 shares and had a further 100,000 warrants. This person may have thought the if they sold their 100,000 shares as the share price rose from $.50 to $5.00, that they still effectively owned 100,000 shares due to their deep in the money warrants. Now that the expiry date is upon those warrants, that person would now exercise the warrants to keep their 100,000 share exposure. This is effectively situation 1 above with a long time lag between the selling of shares and exercising of warrants.
I'll call this route 1 b.

So it could be the case that many of the warrants set to expire may be exercised either through 1b,2 or 3 above. Only case 1 results in a 1 to 1 ratio of share sale to warrant exercise at the time of warrant expiry.

Do you have a link to

support that?

lugan, also consider

that the reported "fully diluted" share numbers make allowance for warrant exercise. So the broader market has known for a while that warrant exercises into shares would occur. Not that short term effects won't be felt, but longer term expectations should not have changed.