Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I guess management figures they have control over enough shares to swing the deal.
I think most current holders will likely bite the bullet and continue to hold, rather than taking big losses. If that is the case and others see this as long term positive, than there is a chance for share value to rise and perhaps even reduce the proposed split ratio.
Much of his will depend on the next, due soon, earnings report.
So let's begin some analysis:
It appears that management is currently valuing HRCT at .011 for this deal, which is pretty disappointing.
On the other hand if the deal goes thru it puts current shareholders into a company with at least some real assets as noted below.
The question is: Will shareholders, knowing the history of reverse split companies, sell into this news?
I expect we will take a good haircut over this news, but at the same time it looks like an extraordinary opportunity to acquire shares on the cheap in a company that has solid prospects.
This part is most interesting:
Founded in 2003, Sino-Canada is primarily engaged in the investment and management business in the field of education. Sino-Canada's subsidiaries include Sino-Canada High School, Canadian Learning Systems Corporation, Sino- Canada Middle School, Wujiang Fenghua Training Center and Wujiang Huayu Property Management Company. Sino-Canada High School, established in China in July of 2003, is a certified school with Chinese-foreign cooperation acknowledged by both the Chinese and Canadian governments and authorized to provide a certified Canadian high school curriculum. Sino-Canada High School is authorized to award its graduates dual diplomas recognized by the Ministry of Education in both China and Canada. The number of its students is expanding at a rate about 50% annually. The Sino-Canada High School campus covers a total area of approximately 50 acres and a building area of approximately 21,215 square meters. The school has approximately 800 students and 150 teaching staff at present. Canadian Learning Systems Corporation, incorporated in November of 2003 in the British Virgin Islands, provides exclusive management services to each of Sino-Canada High School, Sino-Canada Middle School and Wujiang Fenghua Training Center, and charges part of SCHS's and all of Sino-Canada High School's and Wujiang Fenghua Training Center's annual profits as compensation for the exclusive management services it provides. Wujiang Huayu Real Property Management Company, founded in China in March of 2004, is primarily engaged in providing property management and related consulting services.
I have been tracking WAVX volume for the last 70 days and its current average is 201,148 per day. The highest in this period was 1.4 mil on 7/17 and the lowest was 26,622 on 7/10. The current low volume just reflects a wait and see attitude as few want to sell at this level and most holders have already acquired as much as they can.
That's worth trying just for the name!
Thu Aug 13, 3:24 am ET
ADELAIDE, Australia – A 20-year-old Australian man has been charged with infecting more than 3,000 computers around the world with a virus designed to capture banking and credit card data, police said Thursday.
The man, whose name will not be released until he appears in an Adelaide court on Sept. 4, has been charged with several computer offenses that carry prison terms of up to 10 years, South Australia state police Detective Supt. Jim Jeffery said in a statement.
Police also uncovered information that will identify other offenders, Jeffery said.
The man, who lives in the state capital, Adelaide, is also accused of illegally creating a capacity to disable computer systems by bombarding them with unwanted traffic from up to 74,000 computers he controlled around the world. This type of sabotage is known as a distributed denial of service attack.
Police have not said whether the man allegedly used stolen banking information to commit identity fraud.
The arrest followed a three-month investigation involving state and federal computer crime detectives.
As a first guess this hardware did not have a TPM and was thus liable to the described attack. My understanding is that TPM activated hardware would not have allowed this type of breach.
A little liquid hyperbole:
And going into the far turn its Barge by length with Donald Duck hot on his heels pounding hard on the track as fans across "the cloud" stand and WAVE for their favorite to swiftly canter home.
I believe today's low volume indicates that selling pressure has significantly abated. There may not be a lot of current buyers at this level, but there is also not a lot of sellers. Any hint of good news will quickly push WAVX up.
My 66 day average volume is at 209,984, way over today's 48,773.
SS made some pretty strong comments regarding Wave, identity and security during the CC. He specifically described Wave as a company focused on establishing machine identity, as opposed to user identity, as applications continue to move into "the cloud."
The target is still there and still easy to hit. Pull that trigger now and you'll be able to buy many more bullets later on.
The July sales details may need to be clarified.
New sales people have been added and are already closing new sales.
Size of renewed transactions is growing.
Government adoption still in its early stages.
Most Netbooks not yet equipped with TPMs.
WAVX sees itself as a subscriber managment firm.
About 70% of revenue at this time is from Dell.
July revenue is already ahead of all of Q2.
SS says WAVX would like to at the front of computer security and identity as PC applications move to the cloud. e.g. Rather than having a TV with a separate ID for each TV station, let one ID secure the TV (WAVX) and all the stations within to follow automatically in the background.
70% of all physicians already have TPMs in their computers.
Identity of the device is coming to be the focus, rather than identity of the user.
Nice find. Perhaps a future article will mention HRCT's role in the process.
Some details:
RBC CAPITAL MARKETS ... 3/31/2009 45,000 45,000 New $41
BANK OF AMERICA CORP... 6/30/2009 40,416 40,416 New $37
FISHER ASSET MANAGEM... 6/30/2009 36,485 36,485 New $34
HUDSON BAY CAPITAL M... 3/31/2009 27,300 27,300 New $25
TIMBER HILL LLC 3/31/2009 25,403 25,403 New $23
Buffet would never be involved in HRCT because the company does not come anywhere near meeting his rigid criteria. But if in a virtual world he had become involved in HRCT, it would have been for a long term investment accepting the the realities and vicissitudes of the Chinese market. "Apoplectic" seems best to describe your current view of your investment in HRCT.
As I like to say:
"Faith, o ye of little faith, is in the heart of the faithful."
The rest of us wait for management reports.
Though the SP and volume are both low and fluctuating a lot, the near term trend in both categories is up. Sellers are selling and investors are buying. The following is from 6/17/09 to today:
6/17/2009 0.0110 68,200
6/18/2009 0.0110 0
6/19/2009 0.0100 93120
6/22/2009 0.0130 68,500
6/23/2009 0.0140 60,400
6/24/2009 0.0189 72540
6/25/2009 0.0188 50000
6/26/2009 0.0180 87000
6/29/2009 0.0150 2440
6/30/2009 0.0160 107,000
7/1/2009 0.0160 253,500
7/2/2009 0.0160 70,722
7/6/2009 0.0159 8,000
7/7/2009 0.0159 30,330
7/8/2009 0.0160 190,120
7/9/2009 0.0160 12,200
7/10/2009 0.0160 0
7/13/2009 0.0160 0
7/14/2009 0.0155 11,500
7/15/2009 0.0155 124,000
7/16/2009 0.0140 111,573
7/17/2009 0.0140 107,400
7/20/2009 0.0135 233,520
7/21/2009 0.0130 15,100
7/22/2009 0.0130 46,110
7/23/2009 0.0135 160,000
7/24/2009 0.0135 50,200
7/27/2009 0.0140 30,000
7/28/2009 0.0140 9,000
7/29/2009 0.0130 97,300
7/30/2009 0.0130 53,000
7/31/2009 0.0160 49,508
8/3/2009 0.0150 41,933
8/4/2009 0.0150 225,000
8/5/2009 0.0140 5,117
8/6/2009 0.1500 114,200
8/7/2009 0.1500 242,300
Just a short reminder of how WAVX stood one year ago:
2008 Aug 11, Wave Systems Corp. (NASDAQ: WAVX), a leading developer of trusted computing solutions and services, announced that it is selling to investors 1,368,333 shares of its Class A common stock at a price of $0.60 per share, yielding gross proceeds of approximately $821,000. Investors in the offering will also receive three-year warrants to purchase an aggregate of 342,083 shares of Wave's Class A Common Stock for $0.65 per share. The net proceeds of the financing will be used to fund Wave's ongoing operations.
(Ihub #169,328, 8/11/08)
2008 Aug 11, Wave Systems Corp. today reported results for the second quarter (Q2) and six months ended June 30, 2008 and reviewed recent corporate progress and developments. Reflecting an increase in license revenues, Wave’s Q2 2008 net revenues rose 41% to $1,985,000, compared to Q2 2007 net revenues of $1,410,000, and Q1 2008 net revenues of $1,699,000. The improvement in license revenues was principally due to increased royalties from shipments of Wave software by OEM partners as well as from initial growth in software license upgrades.
(Ihub #169,342, 8/11/08)
Nice:
The 64 GB, 128 GB and 256 GB MLC solid-state drives from Samsung will ship with Trusted Computing Group's OPAL standard certified AES 128-bit encryption stored in silicon in the SSD hardware. Wave Systems' Embassy Trusted Drive Manager software will also be built into Dell's ControlPoint software for local, individual management of drives. For deployment in the enterprise, IT administrators would need to separately purchase the Embassy Remote Administration Server (ERAS) for centrally managing encryption authentication on the corporate network.
See posts 8/1/09
See post dated 8/1/09
Has anybody had a chance to try Cycles Gladiator wine?
Here's a picture:
http://www.cyclesgladiator.com/AboutCyclesGladiator
2009 Jul 31, Bill Leigon, president of Hahn Family Wines in Soledad, Calif., said that visits to the company's Web site have increased tenfold since news of an Alabama ban on his Cycles Gladiator wine broke late last week. Callers from across the country have been asking where they can buy the wine. It was reported that the Alabama Alcoholic Beverage Control Board had recently told stores and restaurants to quit serving Cycles Gladiator wine because of a label that features a nude nymph. The wine's label is copied from an 1895 French advertising poster for Cycles Gladiator bicycles. It shows a side view of a full-bodied nymph flying alongside a winged bicycle.
(AP, 7/31/09)
Selling pressure seems to have abated. Looking forward to some buying pressure.
Average volume over the last 54 days is 217,243. Today's volume of 88,932 is well below that.
Looks like "Wait and See" time with upward bias.
Hope springs eternal.
Wish I may, wish I might,
I hope this wishful thinking
Proves right.
I'm thinking it might be a little sooner than that.
EDU closed at $70 yesterday.
How long will it be before HRCT catches up? :)
Thank you!
Excellent video regarding virtualization and TPM protection.
Good link. Thanks
Ditto.
I did.
When was the last time WAVX traded over a million shares?
Looking forward to the next few weeks.
The sleep that refreshes and allows the corpus to rejuvenate!!!
LOL -- ditto
Did Dell admit to some sort of error?
Easy odds. I put my money on A.
New Dell Vostro 1320 Laptop ($669) featured on front page of ad insert in the SF chronicle: "Now available with encrypted hard drives."
Hey Hey
HRCT up for the day.
From time to time I am forced to sell a few shares of WAVX, much to my dismay, in order to pay current bills. I always try to do this sale a little bit above the current bid/ask spread.
Today my open order to sell 500 shares of WAVX at 1.08, placed in the last 15 minutes of the session, failed to execute, yet TDWAterhouse reported a close of 1.09.
I called TDWAterhouse and asked what was going on. They informed me that the stock did not reach a sale price of 1.08. The TDW rep had to do some quick research and came back with the statement that the 1.09 close represented a NASDAQ "cross trade."
Here is the TDW description of the closing "cross trade":
What is the NASDAQ Closing Cross?
NASDAQ uses a method called Closing Cross to calculate the NASDAQ Official Closing Price (NOCP). This may impact how Market on Close orders are executed for all NASDAQ 100® Index, NASDAQ-listed, S&P 500® Index, and NASDAQ Biotech Index securities. To view or download a list of all Closing Cross securities announced to date and for more information, see www.NASDAQtrader.com/close.
Closing Cross offers the following benefits:
* Provides accurate and consistent closing prices for NASDAQ-listed issues.
* Determines market price based on supply and demand in the marketplace.
* Creates robust benchmark prices for Net Asset Value (NAV) and index valuations.
* Resolves natural order imbalances in critical events, such as index rebalances.
How Closing Cross works:
* NASDAQ accepts and stores new orders that can be executed only at market close.
* At 4 pm ET, the closing book and the NASDAQ market centerSM book come together to create a single NASDAQ Closing Cross.
* The resulting price on eligible securities is the NASDAQ Official Closing Price (NOCP).
Because the NASDAQ Official Closing Price (NOCP) is not based on the consolidated bid and ask, your NASDAQ Market on Close orders may fill outside the National Best Bid and Offer (NBBO).
Now if WAVX was sitting at .99 for a tenth day in a row, would NASDAQ report a 1.00 close?
I would very much welcome some discussion of this weird NASDAQ process.
Hail u-tube.. the portal to visual answers.
Wave Express should have beaten the path to accessing and activating the TPM. So close, yet so far away.
Nice analytical approach. Should be a modus operandi for software programs in general. Would also work well for the IRS, and any other organization that attempts to introduce new "essential" software.