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7 shares doma, 7 shares. Which will be worth more than 40K after the seven splits and a sh.pr of 50 LOL
Your Friend,
Dig Space.
doma, more accurately,
I recall many many announcements, that, if they were actually true and actually refelected what would happen, that they would have been multi-million dollar announcements.
Recall, e.g. SKS' prediction for deployed CyberCOMM units and the plain statement that they get a buck each PLUS the keys.
How many I/Os did NSM ship last year?
Where did that go?
Is it revived?
Is it still the buck or so per unit so many speak of?
Or is it none? Bundling seems to be transient in Waveland.
Simple math yielded millions with NSM. Or was that just development and not sales of a product (whatever you mean by that).
NSM was a multimillioin dollar announcement that became unbundled.
Peroid.
This is another bundling announcement.
I'm in the wait and see camp.
Sure, it *sounds* good. The PR looked great except for one major flaw.
Your Friend,
Dig Space.
a la mode is arguably good news,
and I have been also treated to the name of yet another Wave "VP". My guesS is Wave has something like 100 employees and 99 Vice Presidents. (o.k., that sounds like bashing spin, I admit).
So kick out a number ... 17.3 million mortgage transactions per year ... at a dime a piece that would be more revenue than Wave has seen in years.
But, I've seen so many million dollar announcements turn into nickles that I've become a bit jaded, although this could end up being worth more than HP :)
Can't remember what Wave paid for SOL, but it wasn't a ton if memory serves.
Oh yea, and LOL!
Your Friend,
Dig Space.
zen, its all good,
gives us all that much more opportunity to get in cheap. LOL!
Your Friend,
Dig Space.
PS certainly at least behavior and actions worthy of a hefty bonus.
zen, you are exactly right,
but what they (SpragueInc) have come up with has been deteriorating by orders of magnitude the last few times around. You have to admit, the last couple placements have been awful, and their waxing on about how things were oversubscribed only adds insult. I agree they will come up with something, and since it is their cash cow, they will do everything they can to give themselves a decent blob of money, which perhaps inadvertently (to some extent) will include folks like us.
But I agree, a very very interesting time to be watching Wave.
The excitement is almost worth the price of admission.
Your Friend,
Dig Space.
Snackman, if Wave must do a reverse split
to maintain listing, I believe they will do it. Certainly one would hope they would not be bought out in a fire sale. But their control of this is essentially in other people’s hands.
1. share price >> delisting notice, reverse split would stave that off
2. mkt cap >> currently sufficient for listing (allowing the reverse split)
3. cash/assets >> nearly negligible
4. SEC crisis >> inhibits the ability to pull a puff piece paper bunny out of the hat
I'm reasonably confident we will see that they have been disposing of SFLK to stave off the inevitable. The inevitable is another very poor round of financing. Likely, IMO a renegotiation of the Options from the previous round, hopefully not with too much dilution protection for the PP investors.
Scary times in Wave Land.
Your Friend,
Dig Space.
greg s/ indeed, clearly a no-brainer. eom
vader, exactly. eom
Snackman,
Agreed, it is more likely that Infineon has genuine and decent reasons for having Wave there ... but keeping the enemy close to oneself is by no means a new art.
It could be e.g. that "interoperability" has shown up on the OEM landscape and Infineon is worried about NSM or STM cutting into their chips ... the easiest solution (but likely the least profitable) would be to abandon their own software IP and adopt Wave's interoperable solution.
Its not "destroying Wave", it is controlling and subordinating that is more likely the direction things seem to be going. As Wave has never proven an ability to land a deal that generates revenue (sure I'm still waiting for the INTC boards revs as well, but I suspect it is around 25 cents a board and that the number of boards is staggeringly low, and hence my speculation of <40K for qtr revs).
(NSM did seem to employ a use>abuse>discard MO with Wave, and again, who wouldn't?)
Wave's poorly capitalized situation coupled with amateur management can only leave the competition salivating. Trust me, if I was in that business, I would be overjoyed to call SKS and Feeney the competition ... who wouldn't?
Seriously, all of you Wavoids out there, most of who seem to claim to run their own businesses … were you in the TCG space, wouldn’t the prospects of competing against the sugar daddies at Wave just plain make you drool?
Your Friend,
Dig Space.
kev, moreover ...
those that show Wave seem to migrate to solutions that are their own or do not include Wave.
There are times where one might conclude that SKS is getting duped.
(I know, I know, he invented hardware security (NOT) and yada yada yada)
If this management was really good, ATML, and Infineon and friends would have never made such headway in the presence of such a clear "market leader". If this management is good in some areas, poor in others, and otherwise has a collection of reasonable IP, then there are still crumbs worth well more than 85 cents (of course depending on just how brutal and massive the next round of dilution and likely reverse split are).
Your Friend,
Dig Space.
good heavens doma,
sure that would be great, Infineon dumping their own product to use Waves instead. A person could come up with reasonable scenarios.
The history of Wave is more one of sonny boy getting tricked, duped, and scooped.
Perhaps Infineon is being genuine by having Wave there ... perhaps not.
Your Friend,
Dig Space.
orda, its been fun watching this chart develop,
to the less initiated it appears you are saying that
"Client Key Backup and Recovery" is either 50 cents or 40 times that amount i.e $20 (a considerable spread).
While formulations are comparatively easy to come up with that rationalise this disparity, given that lack of shipped-paid-for-recorded units under either of these scenarios, one must certainly hope you have not ticked "read-only" on that particular file. :)
Your Friend,
Dig Space.
Since Wave's Option Financing is in
the tank (the options from the previous mega-dilution-financing)
... are reasoning Wavoids now capitulating to the notion that Feeney&Co are totally over a barrel now and a serious massive
dilution coupled to a hideous reverse split are the likely futures.
Your Friend,
Dig Space.
26k eom
24601, good question,
but it exceeds the skill of my questioning AND the clarity of the responses [edit, that should be "response" in singular.]
Your Friend,
Dig Space.
RWK, I could be in error,
but my understanding from direct contact with the company is that the SEC investigation (of Wave Systyems, Inc.) is "formal".
Your Friend,
Dig Space.
micro,
or the L ...
or is that commuting?
Your Friend,
Dig Space.
zen, focus on the content,
or that is at least what SKS used to say.
That has certainly wandered
YSMF
Your Friend,
Dig Space.
I suspect that IBM is more durable in this matter
than overpaid silver spoons from Lee. But I could be wrong, maybe Wave has more staying power.
YSMF
Your Friend,
Dig Space.
I was thinking 26k eom
doma,
Had Wave executed an beat ATML into the IBM machines I do not think you would be joking about it today, and Wave would NOT be under a buck. It was a major miss by the boys in Lee. Maybe they never would have gotten in, but THEY said it was only because they weren’t ready because of EDS worship.
That aside, sure, its a reach. I don't disagree with the rest of your post. In general, your last 20 post are must reading. Conclusions can vary widely, but the facts are pretty much as I see it.
You weigh an email as a bit more of a fait acompli than I,
and so it goes.
Your Friend,
Dig Space.
geez zen,
to spell it out:
Wave could be part of TCG, and a valuable enough part of TCG, to make them worth investing in or holding now. It is simultaneously possible that although Wave might be worth holding or investing in NOW due to the idea that they will play a role in TCG greater than their CURRENT share price indicates, the TREND may well or could well still be against them. It is entirely possible for an investment to be sound given a 9 month horizon, but have comparatively dismal prospects as a 9 year prospect.
Many still believe Apple will die. It does not mean, however, that there have not or will not be plenty of decent investment opportunities in Apple.
It looks to me that Wave is filling necessary niches in the TCG space that will be subsumed by others. I expect a window where Wave will nevertheless be the vital extant technology for some, and that the share price will reflect some appreciation of this.
Expecting a snapshot of value at a given moment says nothing of trends.
Since I had thought doma captured this in three short paragraphs I previously chose not to reiterate:
From Doma:
“As NTRU does not provide a CSP for their TSS, Wave does,
& as Only Wave has written ETS & KTM to work with NTRU's
TSS.....Any PC OEM using a NTRU TSS will [be] 99% certain use
Wave's software..............If they Don't they will still
Need to use Wave's CSP to write those applications over
to NTRU's TSS.”
I read from this: NTRU TSS users will require Wave’s ETS & KTM or at least Wave’s CSP to bring functionality to NTRU TSS dependent TPM products)
Back to Doma:
“But as Only IBM has developed it’s own software i
don't expect HP & DELL to write their own software
using Wave's CSP......far easier to use Wave's
ETS & KTM.”
I read from this: IBM has developed its own software. IBM has developed its own software. IBM has developed its own software. The jury is out on DELL and HP. (remember IBM and Wave, and then SKS saying ATML only got in because Wave got distracted with EDS and wasn’t ready … and then Infineon got it.) IBM trended away from Wave. One down.
Back to doma:
“Afterall HP Protectools embedded is just Infineon's
software re-branded.”
I read from this: HP has for the time being abandoned Wave and is using Infineon. Remember, and again according to Doma (if I can paraphrase) Infineon essentially is the only one-stop shop, their weakness is that they are not interoperable. For the time being HP trended away from Wave. Two down.
So the trend is away from Wave, but they are still worth considering as an investment in the TCG space relative to their current market value.
Your Friend,
Dig Space.
zen,
Do you believe that for a trend to be away from Wave that they must NOT be invovled?
or
Do you believe that for Wave to be involved the trend must be towards them?
Sorry, I'll go with my logic over yours.
Your Friend,
Dig Space.
go-kite, there is no
conflict IMO between the statements:
"I think Wave will be involved in the TCG movement, and that is why I am invested in it."
and
"the trend is away from Wave"
Your Friend,
Dig Space.
txtree, on that we agree EOM
go-kite, I do not endevour
to explain what I do not believe to be a well demonstrated point. Were the point to be adequately demonstrated, I still would feel no requirement to explain anything. You are reading your assumptions and not my words. No doubt, the bundling of WaveIP with INTC boards is curious.
The trend appears to be away from Wave. Which major PC OEMs are shipping a products with bundled Wave IP, and which are not?
Your Friend,
Dig Space.
sorry doma,
I'm looking at the bigger picture. We all know the minutia can change in a heartbeat, e.g. unbundling Wave from NSM. I see a migration from what was supposedly all Wave towards Wave and NTRU and Infineon, and what was NSM&Wave to NSM&IBM and so on. I do not dispute that the folks in Lee bring new blood into the game (STM) as old blood leaves. But then, that's what they have always done. I do not doubt that you can find on a weekly basis somebody at Wave to explain why it is better that others get there first. And that is the big picture. LOL?
Your Friend,
Dig Space.
go-kite, you are in error,
I never said iPOD was a better business model than Waves,
I never said it was ground breaking technology,
I never mentioned tape-recorders,
I never said iPOD would crush the world (or anything)...
I DID sat I thought iPOD was likely doomed or would be assimilated. This contrasts markedly with your false comments.
It is this subtel distinction between fact and fancy that betrays the magintude to which Wave seems to blind some.
Your Friend,
Dig Space.
doma,
if I could summarise,
Infineon is currently scooping all of the business Wave had been hoping for for years ... but there is still a chance that a major might bolt and use Wave, although they are currently not doing that. So even if HP invented Embassy as barge puts it, they are deploying Infineon (both chips and software).
Sounds like Wave's lead was smoke and mirrors and the competition (three times now) arrived first.
At least that is what your posts sounded like to me.
Your Friend,
Dig Space.
iPOD is the same as WaveDirect,
less the differences in execution and competancy.
Your Friend,
Dig Space.
sorry go-kite but iPOD
is a stadium not a team.
The "teams" are the artists (like U2 with the largest selling single ever released and only available on iPOD).
Calling Wave a stadium does have its merits, the economics are awful, massive taxpayer/shareholder subsidy, never turning a dime (or are there lots of profitable stadiums without massive subsidy that I have overlooked?).
My suggestion is that you avoid the analogy business.
Hint: Content plays for fans, not stadiums as you put it.
Stadiums or arenas are the host for teams and fans. Those that you listed (e.g napster or iPOD) are hosts for teams (artists like U2) and fans (consumers).
Only the white hot light of absolute blind Wave addiction could lead anyone to such a warped sense of the roles these various players play. What you should do is step away from Wave and ask yourself: is iPOD successful, what role they are filling, and why. Then ask yourself if they are in competition with Wave, complimentary, or irrelevant.
But Stay Out of the Analogy Business.
Your Friend,
Dig Space.
vactionhouse,
I thought TVTonic had golf and porn in addition to random video clips ... has that changed?
Your Friend,
Dig Space.
cpa/2bs waddya say
you guys get past the distinction between paper losses and realised losses.
I mean its fun and everything I'm no doubt, but surely you are not going to kill another half-dozen posts finally deciding that you were using defendable but different meanings of the word "loss".
Your Friend,
Dig Space.
you mean the next 10 days ... eom
watch the volume EOM
Snackman, I appreciate your enthusiasm,
but realistically, we do not know the terms of payment.
NSM is fabricating ... "in production", but we cannot say with authority that "we are collecting" as you assert (unless you are privy to knowledge I am unaware of).
Same with the INTC deal. INTC had to debug/rerun, and none of us really know the terms and timing of payment.
While I am inclined to agree the receipts will be greater than 6k, I would not be stunned if it was only marginally so. You are making a “guarantee” based on a lot of speculation.
I am more or less with 24601 that: there is a glass. Half-full half-empty is rubbish. 24601 pointed out succinctly with his ever dryer than dry humor ... first one needs a glass. There is a glass. But it is bazillions of miles from half full, and so far, whenever a drop lands in it SpragueInc bonuses 100 times it to themselves. Some are grumpy about that, some are angry, and some think they spend more time thinking about how much to bonus themselves than they should at this stage. All of Feeney’s limited expertise seems to be focused on coming up with bonus plans and golden parachutes and little seems focused on successful financing and actually considering financing realities (other than his own financing).
People are going to whine about this until it becomes a minority item on the sheet.
It’s the way it is. I happen to also think it is the way it should be.
Your Friend,
Dig Space.
Well, we are definitely
not talking a suitacase or anything,
unless of course they only do business
in singles. So I'm thinking yea, a glass it is,
kinda like a tip jar of sorts.
Your Friend,
Dig Space.
keV, try this ....
the glass is a tenth full!
Your Friend,
Dig Space.
so if the supposed 900
Wavoid longs each put up 1000 bucks to put a limit in at 1 dollar you've got a wall of 900,000 shares between Wave and delisiting.
I love it.
Your Friend,
Dig Space.
Wildman, no doubt about it,
Wave TOSed a lot of potential, arguably lesser potential, to go for the long ball you describe and barge highlighted.
What is curious is: to what degree does that IP enjoy any real protection,? e.g. patents.
Your Friend,
Dig Space.