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Gak,
Not for anything, but it says it's sold out!!!...CL
Larry,
As always I think Waves Cash Position will be important. I would want to see Peter's Loan repaid, proceeds from exercised options and enough cash to make it till 05 which is what everyone seems to think they have. SSPX was written down to about 55 cents a share. Not sure when that started to take off, but it sure would look better on the books at 1.50 a share VS .55. Hoping the numbers show some run way.......CL
Doma,
Could you please post the homepage link to that site. I couldn't get my browser to get there. If I can order it today, I am..TIA .CL
Barge,
He is not me. I posted my position on wave and I am long....CL
VC
Yeh, that happened to me once...CL
Sal Manaco
I believe institutional owner ship was up last quarter. I read that Vandguard increased thier position substantially. Usually the big boys wait for the hoopla to die down and my guess would be buying now..Good Luck & nice to see you are still around..CL
24601
Rainbow has provided digital certificates and hardware security solutions for years. Visit there web site...CL
Rainbow,
If you guys remember I mentioned Rainbow a long time ago. Rainbows hardware security devices are like a key that plugs into a usb port, similar to Aladans Etoken. I can only believe that it will supplement but not replace a TPM chip.
I had many reasons for NOT buying Wave;
1) I thought they would be broke by October. Because of SSPX, options being exercised and hopefully the warrants that where reduced in price should be exercised, apparently Wave has enough to make it to 05. I was wrong.
2)I did not believe any gorilla would sign on with Wave because of there lack of experience and resources. Intel proved me Wrong.
3)Waves exclusion from the initial HP tpm deployment. Apparently HP seems to have wave listed with some new products and again I was proven wrong.
4) I looked at Wave as being an application provider. I didn't see any of the gorillas giving anything up to wave. If waves suite of secure services was that hot, then those features would be included with future product and software upgrades. Adobe was the first out with the secure document that if I remember correctly utilized the TPM. Not sure if I was wrong yet on this account, but I always thought MSFT would incorporate a lot of waves features in future upgrades.
I believe you all have to get used to seeing the established players moving into the space. I like waves product. Most small business's and serious home computer users don't have access to serious ecommerce security software such as Rainbow. Wave may be the easy accessible solution for the masses. I would buy it. I don't know much about attestation and would hope it's the holy grail you all seem to think it is. One thing I do know is that it is not new or unique to wave. Wave may be the first one to anchor it to a tpm and utilize the technology, but it certainly won't be the last.
Trading: I saw a familiar trader on level 2. Back when we were descending from 50 there was a huge short that would show up on two ecns at a time. He would flash large quantities for brief moments and sell relentlessly. I am almost positive it's the same guy. I remember when the AMD news came out and wave spike back up into the 40's. There where some shorts at Bear Sterns that sold hundreds of thousands of shares into that rally. When my friend asked if they saw the AMD news, there comment was, what news.......I would not be surprised if that is the seller.
I had a lot of concerns about not owning Wave. Most of those concerns are gone. I have been nibling away and have a bunch at an average of 2.63. I will use a stop if this stock craters. If I had noticed that seller, I would have waited a while for him to drive the price down. My trading days have told me all markets return to where they broke out of. That would be at 1.30. If I really believed that I would not be buying now, but will save some dry powder just in case. Well good luck guys...CL
Hey Tony,
Hit an unexpected growth spurt at work and got real busy. Watching wave very closely. It appears wave has turned into an application provider. By reading the press release from the 29th it looks like it may be a killer app.
I would hope Wave can work out a deal with oem's and give them a slice of the pie so the oem's will bundle and promote Wave to help drive activation rates and software sales.
One thing you have to ask your self; "Would you buy Waves software if you had a TPM machine?"
I would, and I think the rest of the world will if they find out about it.
Looks like you are all on to something great! Good luck, just waiting to punch my ticket to jump on board!!!....CL
Boxter...
It's 1.90 for the H to convert to common, thus ending right of first refusal over future PP and interest charges...
It's 2.83 for the warrants, thus giving wave 4.5 million in non dilutive funding. (or already diluted).....CL
250% of 1.13=2.83...It's funny, we bounced hard off that number. BTW the offer by nite for 500k at 2.91 may or may not have been legitimate, but there was also a 500k offered by another MM that evaporated and was BS. After the nite offer was gone (not sure filled or it was bs and cancelled) the volume was only 750k....CL
CPA,
You are acting like they had a choice. They needed to sell to get money to extend the runway. Whats the difference (besides no dilution) of them selling or a finance partner selling?
Besides, Peter paid the loan!....CL
CPA
What about the tax implications of exercising?
It would be financial suicide for SkS to exercise without at the very least a stop loss order....CL
1,000,000 for sale at 2.91??
largehedgefund'
On the surface it looks bad, but you have to remember that if he was to exercise the options and the stock went against him he would end up with both a loss and a tax bill.
If I recall this is why the Spragues borrowed the money.(to pay taxes on options)
The insiders exercised and sold. Exactly what every tech insider wished they had done in 2000 when the market crashed, they lost the money and owed the IRS millions from option gains. It was a smart trade and put money in waves bank. Doesn't look good but it also extends the runway past 10/15 and gives the SEC all the time they need to review the proxy.....CL
News!!!!Peter Pays us Back. Good Man!!!!
Just re-reading this post....
Terms of the latest deal were not disclosed. But Wave spokesman John Callahan said IBM computers with built-in Wave security would be available in the fourth-quarter of this year.
http://investorshub.com/boards/read_msg.asp?message_id=1283233
Does anyone think think this statement was a bit misleading?
This was either one heck of a setup by the shorts, or the big guys want in and don't want to pay up.
I'll give you all the benefit of the doubt and have orders in below waiting for the gap to be filled.
I was out all day. When I got home I saw my fill on my stop and thought I got robbed. 4.15 on a 4.25 stop,(4.30 buy) but after seeing the closing price I am happy I put the stop in. This last run was a bigger percentage rise than the move from twelve to fifty. Good call wavoids!
I'm waitin for the big order to get filled! Heck wave tried 50 twice, it should try 5 twice!.....CL
Weby,
Let us all hope that his over $4.00 purchases are not another error lol.
I am thinking the same thing. I call the shares I bought yesterday sacrifice shares. (like a sacrifice fly) Now that I own a little it will drop so I can own a lot!........Cl
micro59
$5.00 is a bullish setup...I would want to consolidate, have 5 bucks be the resistance, then bust through it and have it be support, so dare I say, wave will be safely marginable...JMHO which aint meant jack as of late!....CL
Warrants,
10/04 is before 10/15 the day they need the cash. Any delay should not hurt wave.
WaveXpress IPO, with wavx now a top 5 nasdaq volume stock, If the big houses want their business, they will take WaveXpress to market. Wave IMO has slammed open a lot of doors this week.
An IPO is probable.
I'm no longer on the sidelines.....CL
Jass,
I think it was a slip up you should all capitalize on. Callahan probably didn't know which PR he was commenting on. The one today or the one to come.
I was very wrong. I would have thought wave would have jumped onto Intel with an NSM or Infineon chip, but to have gotten right to the source and hit the mother load was beyond my expectations. You guys where/are right, I am wrong. Instead of being 3 days closer to being broke on 10/15, you are 12 days closer to 4.5 million in financing from the warrants with NO further dilution extending the runway to 04, far past the Intel deployment schedule. What a sweet spot to be in.
Congratulations again...
It's ironic, my very first buy in wavx was 4.30 year and years ago...guess what???.......CL
300000 traded at 3.00....CL
LHF....
I have agreed with you in the past. However if wave stays above 1.90 for another 13 days in the next 18, they get 4.5 million in financing with no more dilution and they get to force the H shareholders into retirement. I believe this is going to happen. They can sell SSPX and WaveXpress and the runway is extended. Intel is big. Even if the deal ends up being worth pennys to wave, by the time anybody finds out this stock could be at ten bucks.
I was wrong. My conclusions where based on past history, but if they pull it, they pull it off.
BTW the pop over 3 was a CNBC mention!!....CL
rachelelise
I have no idea. Yesterdays volume gave the Finance partners a chance to hedge whatever they wanted. My guess is they could care less wether they are forced to conversion or not, unfortunately that can't happen till the ASHM.
AS far as the MM's, I hope they are short, then they will walk it down to CL's waiting arms. However, A true MM will short for brief periods, simply grabbing nickels and dimes all day. That's why the volume is so high. A market order to sell comes in, they grab it at a 1.50 then sell it a minute later at 1.60 to a buy market order. When I was a floor trader, you rarely went home long or short, although last night was a no brainer long.
14 more days to conversion/4.5. Million in financing!!..CL
Weets,
Come on by, is Ruth Chris's alright? They have good Lobster and Steak. It has to happen before 09/16 if thats ok with you. CL
rachelelise
First of all congratulations to you and all the wavoids for your resolve. After being in and out for years and seeing so many "development" agreements come and go, being on the side lines was the only way I could play it. Right now I can't help to believe that an Intel development deal with q4/03 projection is real. I sure hope it is a financially sound deal for Wave, and quite frankly by the time anyone finds out the stock could be at 10 bucks. The time to buy wave was on the breakout at 1.30. I spotted it, called it and got distracted and by the time I looked back it was gone. Well today is another day, although you never believe that it will happen, markets sometimes pull back to where they broke out from. If wave pulls back to the 1.30 to 1.40 area I am a big buyer. If not I will try to grab 10k or 20k when I see fit.
As I said before, Congratulations guys!!!! Very happy for the wavoids. Glad too see the rest of the world take notice with 19 million shares trading. If this is the tip of the iceberg, maybe I can start going back my regular wave shareholding on my advice barber........CL
4.5 million in automatic financing if wave can stay up here 14 more days in the next 19. That takes care of some concerns. I would even venture to say the H shareholders could have hedged whatever they whatever they wanted. They IMO are ready to see wave rock n roll!!..Nice day!. Good luck!
Eamonshute
There was a article that stated wave would be in all springdale chipsets. The article was from europe and it was never posted on waves website. I challenged the validity of the article because wave had other articles from the same author posted, but not that one. Doma should be able to recall it...CL
eamonshute....
I will always admit when I was wrong. I am the one that brought it up, not doma...cl
Congratulations Wavoids and Snackman..You won!! Very happy for all of the wavoids and my friend Weby. Sould have pulled the trigger on the break out...Now here is some gooooooooooood CL news for all of you. If wave stays over 1.90 for 15/20 days, you get another 4.5 million in financing by the warrants exercising and will need that much less financing and will have converted the H share holders out...Wave has done enough volume TODAY where if the H shareholders wanted out they are.....Good luck!!! CL
CMF, can't remember if it was 1.57 or 1.67...Either way I think he won...
Snackman62
I almost conceded...12 cents from winning the bet! IMO it will open higher tomorrow above 1.66 if it doesn't close there today...Good luck! Cl
BREAKOUT......130++++++++++++++++=
Doma.
Maybe that article we were debating about that never made the wave website was accurate? Maybe since the cat is out of the bag can now be posted there. If it is, I'm in...CL
Snackman62
Unless Intel wrote a check, I would still be concerned. This is an agreement for FUTURE developement. That's the only reason I haven't pulled the triger. I'm watching, I'm happy for you all, and I'm smiling for Weby!! Hoping to lose the bet as well. I don't want to rain on your parade, watching and thinking and hoping I am wrong!!!......CL
PS> Technically the place to buy is a break out above the double top of 1.30....
I wonder what the "Financial Terms"are? Now if I told you all I could buy in at 1.14 AFTER Intel news came out, none of you would have believed me..Thinking about participating...CL
Congratulations..Looks good guys, lets hope it holds the rally and I lose the bet today.
Keep on eye here, when the news shows up on this site, wave will really fly IMO....
http://appzone.intel.com/pressroom/index.asp
The guys with the cash are watching this....Good Luck! CL
Weby,
With all due respect, I was making a point of how it's mind boggling how much money wave has spent. Currently wave has about 75 days of cash. Today, and that will change after the shareholder meeting, they have no more shares to sell because they have already sold more than they had authorized. How's that for a thought?
IMO the stock sold off on news yesterday because they are running out of run way. Hopefully the ASM will be after the 15th so you can all question the burn rate and revenue..CL
Wahoograd
you posted:
IMO, the key at this point is not so much whether WE learn from Wave's history of slow progress through trial and error, but whether Wave's team has learned along the way to be more effective in reaching their objectives.
You would have hoped they have learned something. For the 205.5 million they have spent we could have sent them all to Harvard, twice.....CL
Actually 205/130 employees=1.5 million each we have spent for every employee. They better have gotten real smart.