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Demoralized
I feel completely demoralized. There is nothing the company has said or done that gives me any confidence. Steven has exaggerated in the past. We have always been in a stealth mode with lots of NDA's. No guidance, no hope for the future, plummeting stock prices, more dilution, management continues to receive healthy salaries and bonuses. I work in government and we pay for outcomes/results. When I talk to my grantees, I tell them I am investing people's tax money with them. I am expect a return on that investment. I expect no less from a publicly held company. I remain in this stock because I am stubborn and because I trust the dd on this board and I do believe in the potential of WAVX.
I am not able to attend stockholders meeting, but I hope that those who do go hold the feet of management to the fire. Being bright does not make you a good CEO/leader. Having a good product does not guarantee success. I think this little company has tremendous potential.. but, that does not mean that management can't/won't blow it.
LadyX
Looking for My Patience
ot ot... CM
If you are in Pittsburgh again and want a personal tour of the Carnegie Museums (Art), please let me know. My daughter is the Associate Curator of Contemporary Art at the Carnegie
LadyX
Mammon
This stock has always been "gambly" Whether it is more gambly at this point in time is subject to debate. Have they made progress? Yes? Do they have a product that is generating revenues? Yes? Is the runway long enough? Who knows? How much of the market will WAVX capture? Who knows. Will the stock make us rich beyond our wildest dreams? I think many have reduced expections.. some have not. So many unknowns and so it is a gamble.
My son works for a large hedge fund and he helps the company increase their earnings by making the computers smarter and thus able to do a better job of buying and selling stocks strictly based on technicals. (I was surprised to learn that 30% of their trades are computer generated.) He doesn't invest in the market because he thinks it is too much of a gamble. He thinks a monkey throwing a dart could do as well at picking winning stocks as most investors.
Re purchase of additional WAVX stock.. I bought more because hope springs eternal in the heart of this ole lady.
LadyX
OT GoFigure1
Sorry if my post offended you. Interesting that of the number of people who said they bought today you should single out one. People mention buying from time to time on the board. I don't usually talk about it when I buy, but since I wondered earlier in a post if our dream was turning into a nightmare, I only posted that I had bought because I wanted people to know that I have not given up. Again, my apologies if I offended you. I shall not post again about any purchases.
LadyX
Well, I bought another 10,000 shares today.. I am stubborn and refuse to give up on the dream.
LadyX
Anybody else feel like our dream has turned into a nighmare?
LadyX
OT An addition to the definition of a wavoid who has consumed too much Kool-aid.. a little sick humor.
Recently we were doing some estate planning, including funeral arrangements. I asked that on my tombstone in very small letters they discreetly engrave, "It's Coming."
(I am hopeful that my thousands of shares of WAVX will be worth enough to pay for my tombstone. I have designated them as the source of funding.) This stock has consumed so much of my life (my choosing) that I thought it deserved one last mention. Quite honestly, I have no expectations for this stock. I won't give up on it.... just in case, but I am no longer expecting anything "big" from it. Right now, I am of the opinion that I will go to my grave still waiting, but still believing that it's coming.
LadyX
Patient to the End
m´n, m´n, t´kl, yfär´sn) (KEY) , in the Bible, the mysterious riddle written by a hand on the wall at Belshazzar's feast. These Aramaic words may be translated literally as, "It has been counted and counted, weighed and divided." Daniel interpreted this to mean that the king's deeds had been weighed and found deficient and that his kingdom would therefore be divided.
LadyX
Awk
It seems to me that I have seen this kind of behavior in the past on the part of the mm's. And, it has usually preceded an announcement of a pp. Do you think that might be what is going on?
LadyX
Snack
Didn't I hear that company will be break even in 12 months? If so, why do they need additional shares? The 40 million currently authorized should be more than sufficient. If they don't start earning meaningful revenues and if stock price drops dramatically, I could see that they would need more shares, but I certainly hope you don't expect that. What this tells me is that they expect the share price to depreciate... not appreciate and therefore they will need more shares. 20 million shares at $1.00, 10 million at $2.00 or 40 million at $.50. All raise the same amount. This request sends me a chilling message that they expect the stock price is to drop and they will need more shares to raise sufficent funds because they won't be break even in 12 months.
LadyX
Re Gilder Purchase
One of my friends who purchased WAVX on my recommendation, just called to ask if I knew about Gilder purchase. I said yes, how do you know? She said our broker called and told us. So, it seems that some that other than this board were impressed by Guilder purchase.. regardless of size.
LadyX
Patience=Prosperity
Is today a school holiday? Do you suppose buffetguy's kids got a hold of his computer.. or, worse yet, someone stole his identity. I certainly can't imagine a responsible adult writing some of those posts.
Hey buffetguy, you might want to check the messages under your name. Someone has been using your computer to write some inane messages. Sounds like you might need one of those new fangled secure computers
Patience=Prosperity
LadyX
Buffet
Guesses at revenue by posters here have absolutely no meaning or value. Doesn't matter whether they project conservative or optimistic. These guesses won't impact the share price one way or another. What matters is what the company says.
We will see what Tuesday brings. I am hoping good things because I have a few friends that I would like to be able say I told you so before they hit the nursing home. And while I "believe", I prefer is to will. But, I have no expectations and am hoping to be surprised. I have waited this long so another quarter or two more won't matter that much.
LadyX
Patience=Prosperity
Tony
I agree that PR's won't do it alone. However, it can't hurt. And, I think a good one about Dell, since we are all over their site, could go a long way to help Wave's credibility. It could help get us noticed and while it won't give us the big push, it could give a bit of a push. And, I suspect there are many who own WAVX stock that don't know about this board. A good PR would be a good thing for them.
I have a question for those of you who are more savvy about this stuff than I am. Is it valid to assume that the other pc makers pay attention to what DELL is doing and, therefore, would they know about the WAVE connection? If so, can one conclude that they will jump on the bandwagon soon? Thanks for any input on this.
LadyX
Patience=Prosperity
P.S. Snack,Will you give us a good lead time on the Vegas trip? I want to take some of my new found wealth and have a facelift before I meet all you younguns. (smile)
Buffet
That is not dd. Where is the dot. Geez, everyone know there is a problem with computer security. How is what you posted show that Wave will be successful. Where is the connection. We all know that Wave's technology is beneficial. That is not the issue. The question is will we be adopted. Can we maintain our first player advantage. Where will our revenues come from? When will they come? How much will be be. Can we claim ubiquity? When can we declare game,set,match?
So, no I don't consider that dd and it is no different that your usual. Interesting ot article. Nothing more.
LadyX
Patience=Prosperity
Buffet
Geez, you are too funny. You talk about the gorillas. Well, who do you suppose did the dd on those and brought them to the board. Some of the same people you seem to want to criticize. You are a cheerleader, and I give you credit for that. However, you bring little real information to the board. Geez. Do you want every post to be about Dell and Wintel? The more dots, the better. Geez.. You have criticized posts of substance and then you give some kind of rah rah and state the obvious. What does that contribute. With all due respect, I can't think of a thing I have learned from any of your posts. I almost fell off my chair laughing when you were critizing Vacationhouse's post. She has contributed so much to this board and thinking people know that. Actually, many of her ot ot posts are really on topic..but,I think if what she is posting does not directly mention WAVX she posts it as ot.
I bet you wonder who I am to question your posts. I, too have been around for a really long time. I used to post a lot, but I am not good with dd and I didn't try out for the cheerleading squad, so I mostly just lurk. However, I want you to know that if I had to choose between your posts and the ones you have been criticizing, I most certainly would not choose yours. So, please knock it off. Sheesh.
LadyX
Patience=Prosperity
So sad
I just read about YAYA. It feels like the clouds have covered the sun. A chill has come over me. A strong and strange reaction considering I have never met YaYA. It speaks volumes about you, YaYa, and this community.
So young, so much to live for, so sad. You will be missed, YaYa.
LadyX
Best wishes to all for a safe, healthy and prosperous New Year.
LadyX
Patience=Pro$perity
As I count my blessings on this wonderful holiday, I count this community as one of those blessings. I have much to be thankful for. My family is with me this holdiay.. I have thanked them; I have called my friends and thanked them for the gift of their friendship and to the members of the WAVX community family, I thank you. God Bless.
LadyX
OT Larry..
Congrats. Wow, they are tiny. Glad to hear all are doing well. two princesses... how wonderful. Enjoy
LadyX
OT CPA.. Curious
This may be a naive question, and I readily admit I don't understand how the male mind works...but
I have always thought of you as a bright, talented guy. Except, you keep hanging around here. Based on what you say, it seems that the only purpose could be that you believe someday you will be able to say..."na na na na na... I was right." A male ego thing.
That escapes my logic and seems inconsistent with an otherwise talented guy. Of course, you don't have to respond, but I am curious. Is there another reason and, if so, would you mind sharing it.
LadyX
Patience=Prosperity
Wavxmaster - re SSPX
There is a rumor floating around that SafeLink is going to announce a big contract next week. It is up nearly 20% and SSPX following on its heels.
LadyX
VH, TORO Thanks for reports. eom
Unclever, thanks for info....
amazing to me that under the circumstances they are proposing 50% bonuses. Would someone please tell them that this is a publicly held company with stockholders. Unbelieveable, this is a really stupid error, whoops, make that errors. Feeney should be canned.
ot.. a comment or two
No particular reason why any of you should take my word, because you don't know me, but regarding CL.
IMHO, he is still a wavoid at heart. He has walked away and come back. He has traded and made money doing so. I don't think that is a sin.
What I do believe is that he is an honest and honorable person. Perhaps that he why he gets so much criticism. When he sells, he says so. When he is unhappy with the company, he says so. Personally, I don't see that as a negative. I don't believe that he has ever lied about anything on this board in an attempt to manipulate the stock or the investors.
I believe he wants WAVX to succeed... for the many longs here, but mostly because in his heart of hearts he is a Wavoid, altho at times a doubting Thomas.
So, some of you who ascribe nefarious reasons to his behavior, should cut him some slack. What you see is what you get. All, just in my humble opinion.
LadyX
Patience=Prosperity
Good Morning All
The silence on the board today is deafening. Wish I could say something profound, but the worthwhile information that we know has been posted. So, I sit here patiently waiting and hoping. It seems to me that the wait is nearly over and soon we will know what is to become of this investment. It looks good, but it is not a sure thing. Regardless of how this turns out, I do want to thank those of you who have provided so much invaluable DD... and those of you who have added humor and those who have asked the tough questions. I hope to see the day when I can hear the wonderful things Wavoids are doing with their WAVX fortune.
Best wishes and good luck to all.
LadyX
Patience=Pro$perity
FWIW
I have been listening to LD for a while. Hard to know where he is coming from. Now he is going after the company. Which is quite a turnaround since the fall. I don't think there is anything new that has been revealed since he sent me this private message in October
Obviously, has changed his mind about WAVX. I find this mildly amusing since he also accused me of being two-faced in another private message.
Test of his message
"LadyX
I feel posts like yours hurt WAVX.
WHY?
Because it makes WAVX look like a SCAM.IMHO.
And I own shares of WAVX
I wish "stupid" people like you would just not post here.
AGAIN ! YOUR STUPID POSTS HURT WAVX. IMHO."
Larry Dudash
Do your own research before investing your money.
End of Message
Lady X
Patience=Prosperity
Kevin.. thanks, great report
Based on what you saw or heard, do you anticipate any announcements/PR's anytime in the near future?
LadyX
Patience=Prosperity
Zeev.. Are you suggesting
that this is a buying opportunity because the price will triple in the next few months?
LadyX
Question for the Attorneys Among Us
If the price of WAVX drops significantly today.. and if the material facts listed in proposed lawsuits are incorrect, as alluded to by some here, do we have any rights to sue those proposing to sue WAVX....particularly if they don't have a client, but are seeking clients? If so, what happens if we threaten suit against them? Now, while I don't wish to create legal bills for myself, I am wondering if I can file something in Wisconsin, or threaten to,... and, if each of us could file in our states( or threaten to) and create multiple suits (potential suits) for them to respond to? I am fairly serious about this. Keep them busy. Don't know if it is way off base but, quite frankly, frivolous lawsuits annoy the heck out of me and it seems that all too often the litigants get away with this type of harassment. Settlements occur, not because there is merit to the case, but just to get rid of it.
Or, perhaps some of the more savvy here should ask this firm to sue the media who got the story wrong and created the problem. Would be interesting if it were possible. How could they say WAVX was at fault if they are suing someone else for causing the problem? And, it might be an interesting way to get them to see the real facts.
Am I having a nightmare... or did I get up too early today?
LadyX
Patience(lots of it)=Prosperity
OT.. Rosie from ABC News
I suspect this may have something to do with it:
"Several aides want him to concentrate his attention on one or two of the seven states holding primaries and caucuses next Tuesday, New Mexico and Arizona deemed the most promising. Under this plan, Dean would make minimal effort in the other five states, and save his resources for contests in Michigan, Washington and Wisconsin later in the month.
These aides, who spoke on condition of anonymity, say Dean is frustrated with his staff and insisting that he can compete in all the upcoming primaries and caucuses, even though Kerry's campaign is gathering momentum and money in the wake of his double-barreled victories in the Iowa caucuses and New Hampshire primary
Aides said they expected the campaign's course to be decided by day's end."
LadyX
Patience=Pro$perity
Blue.. if memory serves me correctly,
there was something about that posted a while back. I think it was referred to as a delay, not rejection. I could be wrong, but that is my recollection.
LadyX
FYI re Weby
As many of you may know, Weby has minor surgery yesterday... well, if any surgery can be considered minor. (Something to do with a hernia) I spoke to his wife earlier today and he is doing well and expects to be released tomorrow.
Merry Christmas and best wishes for a happy and prosperous new year
LadyX
Patience=Prosperity
Does anyone know how long these investigations normally take?
If this has been addressed, my apologies.
LadyX
HHH - I can't recall having read a wavx post that was in such bad taste. If there was an award for the worst post ever, this post of yours would win hands down.. or up. IMHO, you owe this board an apology.
I try to read the posts on this board with an open mind, but this is over the edge.. the lowest of the lows. This is, of course, just my humble opinion.
LadyX
Patience=Prosperity
Kite.. Please don't stop posting.
For those of us who are technologically challenged, you offer a lot of valuable dd. As for this morning, I think it got out of hand. I think you have some justifiable sensitivity to some of the postings. I think some of the offensive posts were done out of insensitivity/ignorance... but not meant to hurt or harm. When most people think about prejudice.. they think about skin color/race, not ethnicity. At times, too many of us are guilty of making jokes or comments about ethnic groups, without recognizing that we are stereotyping. On the other hand, I am Irish and find some of the Irish jokes pretty funny. There is a very fine line between humor and stereotyping. Personally, I try to assume the best of people and give them the benefit of the doubt. If I think they have crossed the line, with their wisecracks/jokes, I point that out and trust that they will be more sensitive in the future.
What I am trying to say is that I hope you will stick around and I many will learn and be better people as a result of this morning's exchange. All the best.
LadyX
Patience=Pro$perity
Ronle - most assuredly.. eom
Mig-- because level two will show Island's best bid and at the time you wrote message, they had two bids higher than 2.09.
LadyX
Magdelina -
I share your concerns about the CFO. Several here expessed concern that we waited much too to get the last round of financing. I hold the CFO responsible for that. While he may have done some brilliant work, I am not aware of what that might be and can only judge his performance by what I see. It has been underwhelming.
LadyX
FWIW..
I find the suggestion of getting rid of SKS just plain ludicrous.
SKS=WAVX and vice versa. Am I disappointed and annoyed by his failure to accurately communicate numbers to us. You bet I am. Am I disappointed that the stock price isn't higher and company revenues aren't greater. You bet. But, I am quite confident that without him and his vision and belief in this dream we all have, WAVE Systems would have gone out of business long ago. His ego, self-esteem, his very being are tied to this company. They are joined at the hip. Whether we like it or not, the success of this company is up to him. And, I don't think WAVX had or has any chance to pull off this major coup and succeed without him.
I posted the following on the RB board. Like my earlier comments, this is my opinion. Nobody has to agree with it, but I couldn't sit here and read some of the foolishness and not comment:
Steven reminds me of some developers that I know. At times they are their own worst enemies and what is one of their strengths is also one of their weaknesses. I don't know if WAVX would still be around if SKS did not have unrealistic optimism, irrational exuberance and indefatigable persistance. I am sure that many times he thought he had a deal, only to have it fall through. That in the process of trying to get some of the gorillas to even listen to this little pipsqueak of a company, he has met much rejection. But he has not given up on the WAVE vision. He has been fueled by optimism, exuberance and persistance.
Unfortunately for all of us, imho, those same traits have impacted his presentations at cc's and shareholder meetings. I don't think he is a liar, but instead of giving us a realistic situation, he gives a "best case" scenario that could happen if everything fell into place like he envisions it. The problem is that it almost never does because most of the time WAVX does not control the timelines, etc.
Feeney, Lark, Peter, and BOD should recognize that and they should be mentoring him and long ago should have cautioned him against this kind of thing. He is talented and really smart, but we all have weaknesses.
Just my two cents worth.
LadyX
Patience=Prosperity