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Nice graphic. Must be from Minnesota.
Has anybody else not yet received their proxy request?
NEC Versa:
This is the first notebook to use Seagate's new 120GB FDE (full drive encryption) hard disk.
With encryption enabled, you must type in a password whenever you turn the laptop on.
The security mechanism resides on the hard disk itself, so if someone removes the disk and puts it in another notebook, they'll still need to know the password before data can be unencrypted and accessed – and that includes booting into Windows.
It's an extremely secure design and, despite our fears, performance wasn't affected. NEC also fits a TMP 1.2 chip, which gathers your various passwords (be it internet banking logons or Windows passwords) in a secure hardware chip.
tinypinetree said he was buying 70000 today!
Huge debt. Scan thru the last 100 or so posts and you will see.
Did you buy Wave's software to set up the TPM?
CC today: 2PM, West Coast time
1-866-682-6100
I very much appreciate your post of the trade details.
Keep it up.
Nice close today.
Great post.
I believe in the DD.
No tears here.
Just a big smile at the opportunity to acquire more shares a bargain basement price.
At this stage rising revenues are more important than the stock price.
Using the Internet for "viral communications" has been proven excellent for raising notice on numerous major political and underground events. I have not yet heard much of such use in the corporate world.
I believe your idea is basically quite sound, but it relies heavily on the quality of the "letter" and to whom it is addressed. You might consider creating a working example. Let it go thru a week or 2 of iterations on this thread and then pass it to SS for final edit and distribution.
Steven's final comments included a note on Wave Express and noted growing potential in that arena. Wave Express is not a potential straw on the camel's back, but rather a slow simmering pot on the back burner that needs just the right cooking time for presentation.
Nice post! Even Seagate is having trouble keeping its share price up under the current market conditions. SS did quite well this afternoon pointing to at least a handful of multi-thousand seats currently poised to lock on to WAVX software. The revenue grows and the potential keeps getting better.
Last year it was on May 10.
That makes 5 straight quarters of increasing revenues. Perhaps a little less than hoped for, but next quarter should be very significant. Let's see what SS has to say...
NGEN CC today at 1:30 West Coast time.
617-614-4076
ID # 29699739
on tape after 2 hrs
888-286-8010
ID # 98585032
Looks like blind hope to me.
And what is your IMO based on aside from hope?
The old pattern was under a paradigm of no earnings. There is now a paradigm shift happening along with a new pattern that will reflect earnings.
You could also look at the PIPE as an equal opportunity to get discounted shares. This won't last long.
And Chile...
Well I shall have to put that one on my "wish to do" list!!
Good idea. I wonder if the ship might accomodate a few passengers.
Don't know. They probably got squeezed for cash.
Just watching...
If the converted stock is immediately sold it depresses the stock price.
Below is a list of WAVX funding back to August 2004. It is interesting to note that the current funding is among the lowest and comes over a year since the last one. Previous fundings in this list ran at 3-6 month intervals. To me this indicates that this is the last one and that earnings will ramp quickly:
2004 Aug 2, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon a $3 million private placement of Class A common stock with an accredited investor. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell approximately 3.5 million shares of Class A common stock at a price of $0.85 per share. The transaction is intended to fund Wave Systems' ongoing operations and general corporate overhead.
(IHub #49075, 8/2/04)
2004 Dec 17, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon an issuance of approximately $5.8 million of Class A common stock with accredited investors. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell 5,484,790 shares of Class A common stock at a price of $1.05 per share. The transaction is anticipated to close today and is intended to fund Wave Systems' ongoing operations and general corporate overhead. Pursuant to the order, Wave will receive approximately $80,000 within thirty days.
(IHub #60802, 12/17/04)(IHub #61621, 12/20/04)
2005 Mar 16, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon an issuance of approximately $4.1 million of Class A common stock with accredited investors. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell 4,659,090 shares of Class A common stock at a price of $0.88 per share. The transaction is anticipated to close today and is intended to fund Wave Systems' ongoing operations and general corporate overhead.
(IHub #73727, 3/16/05)
2005 Aug 8, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon an issuance of $3.6 million of Class A common stock with accredited investors. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell 4,000,000 shares of Class A common stock at a price of $0.90 per share. The transaction is anticipated to close today and is intended to fund Wave Systems' ongoing operations and general corporate overhead.
(AP, 8/8/05)
2005 Dec 5, Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon an issuance of $3.5 million of its Class A common stock to accredited investors. Pursuant to the financing, Wave Systems has agreed to sell 5,982,905 shares of Class A common stock at a price of $0.585 per share as well as warrants to purchase 1,093,750 shares of the company's common stock within six months at an exercise price of $0.80 per share. If exercised in their entirety, the warrants would generate an additional $875,000 in gross proceeds to Wave. The transaction is anticipated to close today and is intended to fund Wave Systems' ongoing operations and general corporate overhead. The transaction is being done under Wave Systems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004.
(IHub #103232, 12/5/05)
2006 Feb 15, Wave entered into a securities purchase agreement, pursuant to which Wave agreed to sell and issue 8,348,597 shares of Class A Common Stock, par value $.01 per share for $0.535 per share, to certain purchasers who are parties to the Purchase Agreement (the “Purchasers”) for an aggregate purchase price of $4,466,500. The Purchasers were also granted warrants (the “Warrants”) to purchase up to 1,550,868 shares of Class A common stock at an exercise price of $0.72. The Warrants are exercisable for a period of six months following the date of issuance. Each Warrant is subject to cancellation if the closing bid price of Wave’s common stock exceeds $0.86 for 10 out of 20 consecutive trading days and the Warrant has not been exercised by the close of business on the trading day after the 10th trading day on which the closing bid price exceeds $0.86.
(IHub #120857, 5/11/06)
2006 May 4, Wave Systems Corp., a developer of trusted computing solutions and services, announced that it has agreed to sell 6,037,500 shares of its Class A common stock at a price of $0.80 per share for gross proceeds of $4,830,000. The sale is expected to be completed on Friday, May 5, 2006. The net proceeds of the financing - approximately $4.6 million - will be used to fund Wave's ongoing operations and transition from development stage to commercial operations.
(IHub #119592, 5/4/06)
2006 Aug 7, Wave Systems Corp., a developer of trusted computing solutions and services, announced that on Friday, August 4, 2006, it agreed to sell 2,336,752 shares of its Class A common stock at a price of $2.05 per share for gross proceeds of $4,790,342. The net proceeds of the financing - approximately $4.5 million - will be used to fund Wave's ongoing operations. Steven Sprague, CEO of Wave Systems, commented: "This financing helps to solidify our capital position and provides funding needed to support our operations.
(IHub #127,529, 8/7/06)
2006 Oct 31, Wave Systems Corp., a developer of trusted computing solutions and services, announced that on Monday, October 30, 2006, it agreed to sell 3,517,230 shares of its Class A common stock at a price of $2.73 per share – the closing price on Friday, October 27th, - for gross proceeds of $9,602,038. The net proceeds of the financing, approximately $9.1 million, will be used to fund Wave’s ongoing operations.
(IHub #131,964, 10/31/06)
2007 May 24, Wave Systems Corp., a developer of trusted computing solutions and services, announced that it has agreed to sell 7,317,073 shares of its Class A common stock at a price of 2.05 per share, yielding gross proceeds of approximately $15 million. The net proceeds of the financing, approximately $14.2 million, will be used to fund Wave's ongoing operations.
(IHub #145,092, 5/24/07)
2008 Mar 3, Wave Systems Corp., a leading developer of trusted computing solutions and services, announced that it has agreed to sell 3,173,500 shares of its Class A common stock at a price of $1.10 per share, yielding gross proceeds of approximately $3.5 million. Investors in the private placement will also receive five-year warrants to purchase an aggregate of 952,050 shares of Wave’s Class A Common Stock for $1.15 per share. The net proceeds of the financing, approximately $3.3 million, will be used to fund Wave’s ongoing operations.
(IHub #159,851, 3/2/08)
I am glad you two are hashing this out. If all the shares sold on Friday were by Cornell, then they would have retrieved something like $3,600. At this rate it would take many years to reach 40 million. Over the last 5 years insiders have sold 1.5 million shares and bought none.
This company appears to be on a suicide track.
Last year the announcement regarding Q4 results was posted on March 6 and scheduled for March 14.
I suspect we will get the initial word for this year's Q4 next Tuesday, March 4.
Has anybody here looked to see how many shares management holds?
No date yet. It was just submitted in the recent proxy. Read back the last 20 or so posts.
With a reverse split looming and the extraordinary amount of company debt, I see little chance of any stock appreciation.
Did the music come on automatically, or is it under some clickable file. I did not get any music from the front page.
I once believed the company had good long term prospects.
Proxies this morning offered reverse split voting at 3 levels:
1:1,500
1:2,000
1:2,500
I vaguely recall that Dr. Hu last Fall planned a shareholder's meeting in San Francisco in the Spring of 2008. Does anybody here recall that date?
Clarification here:
The Ameritrade single commission for all day applies only to a single issue good till cancelled trades.