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Good point!
Think Urban's marketing team should prolly reconsider that slogan, "Got CMKX"?!?
I could see SEC enforcement agents wearing those t-shirts at a weekend softball game against the FBI or something!
;-0
SPIN
Mach - why would the SEC set up a designated telephone hotline and a dedicated enforcement e-mail address under your theory?
IMO it is Dr. Norman V. Peal (of "power of positive thinking" fame) run amok!
NO offense intended, but CMKX (MLON & others) are like bugs under the federal government's magnifying glass. SEC's reach & its memory are verrrrrrrrrrrrrry long (& the various admin. agencies (IRS, etc.) do cooperate & share info).
You did ask for opinions... mine is that this trading halt ain't good news in any way, shape, or form.
Good luck,
SPIN
what does Puh-honex have to do w/CMKX?
re: Please Read Guys:
"If Urban was such a crook why would so much of the companies money be spent on attorneys that were so close with the SEC."
uhhhhhhh...
nevermind.
They'd prolly have to abandon the parody portion of the Copyright Fair Use doctrine too. (IMO)
Hey, at least nobody was pushed out of a helicopter in this sorry saga!
maybe it's a means by which to transfer wealth from the public to the private?
just a guess.
that is a passage from "Casino" when Nicky is talking to the banker in Ace's house.
BTW - Awk thanks for the info & the remarks regarding your Dell-WAVX runaround.
later,
SPIN
whistle past the graveyard
& look forward to Wave's breakeven quarterly results.
isn't this s'posed to be the quarter w/the hockey stick & all that?
meanwhile Awk waits on hold for a scrap of validation from Dell... (picture the guy in the commercial in bed calling & calling Dell) gotta give the guy some credit for being truthful about it on iHub - he sorta whizzed in the koolaid
BTW, what's all that stuff on yahoo about UncleVern being a San Fran securities lawyer?!?
is it true?
later,
SPIN
PS Larry - good idea w/this board. the # of posts here will soar if/when the (IMO) house of cards in Lee collapses.
Uncle
is there any truth to that stuff posted about you on the yahoo-wavx thread?
edit: please re-instate the Pino pics!!!
edit: thanks for the cache link, but think of the other people who will want a copy of that absurdity!
Pino's watch is among the funniest things i've ever seen.
who updated the i-box?
when was it updated?
missed my chance to download that ridiculous "bling-bling" pic!
congrats to the posters who busted this BS wide open
interesting 24...
but it is also worth noting that NYC has a population roughly 186 times the size of the Caymans, yet there are only a mere 7 times as many google hits.
SO, it seems there are approximately 26.6 times more hits in the Caymans, on a relative basis...
http://www.infoplease.com/ipa/A0108110.html
http://www.ci.nyc.ny.us/html/dcp/html/census/pop2000.html
good luck!
at least you acknowledge it is a NEFARIOUS place in this context, albeit through morally flexible sarcasm.
http://www.google.com/search?hl=en&ie=ISO-8859-1&q=%22cayman+islands%22+money+laundering
i've read yer less than clever inside "swallow" jokes on yer hermit board - of course, as a champion of TeamSprague, yer intentional attacks are permitted, in fact, encouraged.
Finally - do you consider Wave raising its operating funds from Cayman Islands entities to be a positive development?
if Wave's new & improved business model will result in ubiquity, why the need for such "hard money" funding?
do you think it is possible that such, ahem, "investors" just might short against their positions during a price spike? or that they might short in excess of their respective positions?
i know, i know -- rocket fuel.
good luck!
i won't be the one asking the question when it counts!
The Federation for Identity and Cross-Credentialing Systems (FiXs) And The Defense Cross-Credentialing Identification System (DCCIS)
Proof of Concept and Pilot
The Department of Defense (DoD) and a coalition of private-industry partners have launched a proof of concept (POC), and are currently engaged in a pilot project, to demonstrate the interoperability of credentials (including biometrics) for physical access to work locations. After extensive analysis, a follow- on phase will deal with network access. The Federation for Identity and Cross-Credentialing Systems (FiXs) and the Department of Defense, is piloting for deployment, the Defense Cross-credentialing Identification System (DCCIS). DCCIS is a federated identity management and cross-credentialing system between DoD and industry/private sector participants that have a need for trusted, secure and interoperable employee identification and authentication as part of their joint working environment. (FiXs is testing and fielding the non-DoD component of the federated solution)
The DCCIS project is being conducted with the co-operation of FiXs . The Federation is a coalition of Industry and not-for-profit organizations whose objective is to support efforts to create and deploy an interoperable identity cross-credentialing “network”. The Office of Information Assurance at OSD/NII, the Office of Force Protection, ATSD/IO and the Defense Manpower Data Center (DMDC) are the federal sponsors of the project. The DCCIS is an approved system under the DoD Personal Identity Protection program. (See DoD Directive 1000.25, page 5, dated July 19, 2004)
The DCCIS functions and processes (within a FiXs Industry facility) are interoperable with the infrastructure that supports the Defense National Visitor’s System (DNVS), being deployed by the Defense Manpower Data Center (DMDC) for the DoD
The following Federation (of companies/private sector organizations) is participating in the initial phase, which runs from October 1, 2003 – October 31, 2004.
• Anteon
• BearingPoint, Inc.
• Electronic Data Systems, Inc.
• Lockheed Martin
• Northrop Grumman
• SRA International, Inc.
• ActivCard
• DSA, Inc.
• Intelli-Check
• Saflink
• SSP Litronic
• Wave Systems Corp.
• NACHA
SO, is this the list that was reportedly disclosed in July 2003 at the SanFran wavoid dinner before it was made public?
wavx is down > 98% from it's high...
& voids are crowing?
98%
yeah, okay... & delisting doesn't matter & no cash left doesn't matter & SEC investigation doesn't matter & SO on & SO on...
no time for reality while counting the millions in imaginary capital gains.
Veeeee--Vahh
Las Vegas
it wasn't & if we did discuss this before, i did forget.
it might be hard for you to believe barge, but i don't commit yer posts to memory... of course, if i did, i'm confident that there would be dozens of bogus claims contained in some of the tens of thousands of HYPE posts over the years.
why didn't any wavoid bother to post anything about the Judge's Order that multiple Mass. class action claims against Wave were consolidated?
think Wave will be able to obtain a dismissal?
UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF MASSACHUSETTS
CANDY M. SOUSA,
Plaintiff
v.
WAVE SYSTEMS CORP., ET AL,
Defendants
MEMORANDUM AND ORDER REGARDING
MOTION FOR EXTENSION OF TIME;
MOTIONS TO CONSOLIDATE; MOTION TO APPOINT
COUNSEL AND MOTIONS FOR LEAVE TO FILE
(Docket Nos. 8, 9, 10, 12, 13, 18, 21, 23, 26, 28, 31, 41 & 42)
September 3, 2004
PONSOR, U.S.D.J.
Counsel for all parties appeared before this court for a
status conference and for hearing on pending motions on September 1, 2004. Based on counsel’s representations, the court orders as follows.
With regard to the Motion for Extension of Time (Docket No.8) the motion is hereby ALLOWED. Defendants may respond in accordance with the preliminary scheduling order set forth below.
With regard to the Motions to Consolidate (Docket Nos. 9,
10, 12, 13, 18, 21, 23, 26 & 31), they are hereby ALLOWED. The following cases are hereby ordered consolidated with this case:
Streicher v. Wave Systems Corporation, C.A. 04-30026-MAP, Dawod v. Wave Systems Corporation, C.A. 04-30029-MAP, Chess v. Wave Systems Corporation, C.A. 04-30037-MAP, Vicker v. Wave Systems Corporation, C.A. 04-30040-MAP, Bohman v. Wave Systems Corporation, C.A. 04-30041-MAP, Suo v. Wave Systems Corporation, C.A. 04-30042-MAP, and Schulman v. Wave Systems Corporation, C.A.
-2-
04-30043-MAP. In addition, a related case is now pending in the District of New Jersey, Trebitsch v. Wave Systems Corporation, 04-266-JCL. Should that case be transferred to this court, it will also be ordered consolidated with 04-30022-MAP. The seven cases specified above, upon consolidation with this case, may be closed.
The Motion to Appoint Lead and Liaison Counsel (Docket No. 28) is hereby ALLOWED. Lead counsel in this case will be Schiffrin & Barroway, LLP, Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004. Liaison counsel will be Gilman & Pastor, LLP, Stonehill Corp. Center, 999 Broadway, Suite 500, Saugus, MA 01906.
Lead counsel and liaison counsel will be responsible for
communicating with the court on behalf of the proposed plaintiff class, and for insuring that copies of all court rulings and other relevant materials are distributed to counsel for the parties in all the consolidated cases.
The Motions for Leave to File (Docket Nos. 41 & 42) are
hereby ALLOWED.
Future proceedings in this case will unfold as follows:
1. On or before October 15, 2004 lead counsel for the
plaintiff will file an amended complaint and a motion
to amend the caption so that the case will be known as
Brumbaugh v. Wave Systems, C.A. 04-30022-MAP.
2. On or before November 30, 2004, defendants will
file their motion to dismiss.
3. Plaintiff’s opposition to the motion to dismiss
will be filed by January 15, 2005.
4. Any reply to the opposition will be filed by
-3-
February 8, 2005.
5. Counsel will appear again before this court for
argument on the motion to dismiss on February 16, 2005 at 2:00 p.m.
It is So Ordered.
/s/ Michael A. Ponsor
MICHAEL A. PONSOR
U. S. District Judge
barge, as the resident HP expert...
do you find the claim that Wave is "inside HP" to be truthful?
edit: i see what yer getting at...
my apologies, he was part of the subsidiary.
sorta like how he is now part of the Wave subsidiary WaveXpress?
do you consider Peter Sprague to be a Wave Systems "insider"?
or better yet, did you consider him to be an insider last August?
if he was/is an insider, why hasn't he filed any disclosure of his sale of a reported 500K shares of wavx last summer?
edit: it was not "intentional" - the securities fraud complaint reads as if he was Chaiman. btw, i think they settled it recently...
barge, and see:
http://216.239.41.104/search?q=cache:b1f0anRdY0wJ:www.findarticles.com/cf_dls/m4PRN/1998_Sept_23/530...
Imagek Adds To Management Team Former President of Novell Spin-off Named CEO.
PR Newswire, Sept 23, 1998
COSTA MESA, Calif., Sept. 23 /PRNewswire/ -- Imagek, Inc., a subsidiary of Irvine Sensors Corporation (Nasdaq: IRSN; BSE: ISC), announced today the appointment of Robert I. Webber as President, Chief Executive Officer, and member of the Board. Previously, Mr. Webber was President and Chief Operating Officer of Intelogis, Inc., a privately-held company that was spun-off in 1997 from Novell, Inc.'s Embedded Systems Technology division. In that role, Mr. Webber was responsible for the launch of Intelogis' patented "PassPort" family of products which allow existing AC wiring to transmit digital signals, thereby enabling consumers to share computers and peripherals and surf the Internet using only one phone line, modem and ISP account. Prior to running Intelogis, Mr. Webber worked at McKinsey & Company, Inc., the international management consulting firm, where he provided senior strategic and operations consulting services to clients in the electronics and consumer products industries.
Also named as Imagek officers were Bert Hornback, Vice-President of Development, and Bruce Totty, Vice-President of Marketing. Both Messrs. Hornback and Totty were previously senior employees of Irvine Sensors Corporation (ISC). At ISC they were responsible, respectively, for the product design and market development plan for Imagek's Electronic Film System(TM) (EFS(TM)), a self-contained, battery-powered cartridge designed to fit into the film cavity of an existing 35mm camera, permitting digital photographs to be taken without modification to the camera itself.
James D. Evert, Chief Executive Officer of Irvine Sensors, said, "Mr. Webber's background and recent experience in carving out a successful, consumer-oriented start-up out of an existing high-technology business is exactly the track record we were seeking for Imagek's CEO. His operational leadership, when combined with the industry networking and oversight provided by Peter Sprague and Tom Kelly on Imagek's Board, and the specific experience of Bert Hornback and Bruce Totty, form a core management team which we believe to be exceptionally well-qualified to pursue Imagek's business objectives."
Mr. Webber holds a Master's in Business Administration (M.B.A.) from Harvard Graduate School of Business Administration and a Juris Doctor (J.D.) degree from Columbia University School of Law. He resides in Irvine, California.
Mr. Hornback, a former Director of Product Development for a unit of Northrop Grumman Corporation, has been responsible for the development of all camera and digital image capture systems at ISC as its Director of Electro-Optical Systems. He holds a BSEE degree from the University of Kentucky and a MSEE from Purdue University. Mr. Hornback is a resident of Trabuco Canyon, California.
As ISC's Vice-President of Marketing, Mr. Totty spearheaded the marketing of digital photographic products and was the primary contact to the photographic industry and the related editorial community. Prior to joining ISC, Mr. Totty held positions as a Marketing Manager and Member of the Technical Staff at Harris Corp. and General Motors Hughes Electronics. He holds a BS Engineering from the University of Florida and is a resident of Laguna Niguel, California.
if it is false barge, it was falsely reported...
59. Several days later, SFI announced the departure of key employees. As reported in the June 29, 2001 Business Wire:
Silicon Film Technologies, Inc., a subsidiary of Irvine Sensors Corporation (Nasdaq: IRSN; Boston Stock Exchange: ISC), today announced changes to its executive management and Board of Directors. Effective July 6, William B. Patton, Jr., former Chairman, President or CEO of three public and three private companies, will become Silicon Film's new Chairman and Chief Executive Officer. Peter Sprague, former Chairman, and Kenneth Fay, former Director and CEO, have resigned their positions with the firm.
http://216.239.39.104/search?q=cache:_gw7_c2re1MJ:www.secfraud.com/filedcases/irsncomplaint.html+%22...
sure bowWave...
it was reported a year or so ago that Peter Sprague had been slapped with an IRS lien of $1M.
few months later, he was buying his father-in-law's (Milos Krofta) company (Krofta Water) out of bankruptcy for something like $600K.
meanwhile, Wave Systems had forgiven a "loan" to him for around $1M & written it off.
then Sprague claimed to have sold 100K shares of wavx into the P&D as a "window of opportunity" (or something similar).
therafter, Wave reported in the fine print of an SEC filing that he had in fact sold 500K shares of wavx & repaid the "loan."
is that what you meant, or were you referring to the Iranian cold poultry endeavor?
or was it the off-broadway play?
or maybe it was the run for Congress?
or was it CharityWave (which continues to use the Manhattan "office" which is paid for by selling shares of wavx)?
wrote that Wave was sued for stock fraud
there wasn't any comment about the merits of the case in the post with the Stanford link.
also wrote that Irvine Sensors was sued for stock fraud (& btw, the relevant timeframe of that case included the time when Sprague was Chairman of Irvine).
don't you think newbies should have the opportunity to read both sides of the story?
wavoids seem to enjoy posting "dots" about Wave's world dominion & imminent wavoid millions & somehow manage to omit all the lumps swept under the rug over the years...
what about the P&D insider selling Doma?
didn't SKS dump about 100K?
didn't CFO dump about 100K (almost at the high of $5.24)?
didn't Peter Sprague claim in the financial press that he sold 100K?
but then months & months & months later, didn't Wave Systems report in an SEC filing that he actually sold five times that amount?
didn't Nolan Bushnell also sell thousands of shares & not report it to the SEC for another 6-8 months?!?
doesn't this message board's header fasely claim -- TO THIS VERY DAY -- that Wave is "inside IBM"?!?
didn't the vaunted Intel "contract" result in something less than $6K in revenues in Q2 2004?
did Wave Systems CEO claim two weeks after (08/13/04) those controversial press releases that Wave could achieve breakeven revenues in 2004?
c'mon Doma... tell the truth!
NEWBIES - did you know these FACTS?
Wave Systems founder, former Chairman & CEO (& current CEO & Chairman Steven Spague's father) Peter Sprague, resigned as the Chairman of Irvine Sensors months before it was sued for stock fraud.
Peter Sprague also resigned as Chairman of Wave Systems less than a year before Wave Systems was sued for, yep, you guessed it...
Peter Sprague is currently a director of a pink sheets company known as "uWink" which is headed by Nolan Bushnell, who is a director of Wave Systems.
http://216.239.39.104/search?q=cache:_gw7_c2re1MJ:www.secfraud.com/filedcases/irsncomplaint.html+%22...
NEWBIES -----> true "DD" here:
http://securities.stanford.edu/1029/WAVX04-01/
caviat
emptor
caviar
insider?
Gee Wildman, if some unsuspecting newbie read some of the dubious claims made at the top of this board, they might be misled into believing that HP already had some fictitious material agreement w/Wave Systems.
"Wave is inside Intel.... and HP. . . "
yer post indicates that HP doesn't even use TPMs.
which statement is true?
or maybe this one?
"Hi, I heard about this co. from a friend of mine who owns it, he said now is the time to buy it, I tend to agree with him, . . . "
you wrote that on December 15, 2003, just a few days before the formal SEC investigation was announced by Wave Systems in a Form 8K.
great timing!
btw TROMBONE i'm guessing that you have the exact same number of SEC/NASD credentials as you have peoplemarks (two fewer than dhamster).
19-Dec-2003
Other Events and Financial Statements & Exhibits
Item 5. Other Events.
On December 17, 2003 Wave Systems Corp. ("Wave") received an Order from the Securities and Exchange Commission (the "SEC") regarding a formal investigation. The focus of this investigation is on certain public statements made by Wave during and around August 2003, as well as certain trading in Wave's securities during such time. The SEC has not concluded that there has been any wrongdoing and Wave is cooperating fully with the SEC on this matter. Wave cannot predict the potential effect on Wave as a result of this investigation at this time.
The press release announcing the investigation is attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits.
Exhibit 99.1 Press release dated December 18, 2003.
http://biz.yahoo.com/e/031219/wavx8-k.html
do you mean "FACTS" like you wrote:
"Spin, Spin, Spin, The SEC investigation is over, Wave Systems did nothing wrong."
please refer me to the source which stated that the formal SEC investigation of Wave Systems had ended & that it was determined Wave Systems (&/or its management, subsidiaries, etc) had not been found culpable.
like this FACT?
an excerpt from breakeven steven's misleading rev guidance publicly disseminated during the Q2 2003 CC:
"...We think the long term scope in that business is tremendous. And on a short term basis we think we can reach the point where the company gets to cash flow breakeven sometime in 2004."
Q2 2004 revs were approx. $100 per business day.
1260 - please contact the SEC, Elliott Spitzer & whoever else you would like & be sure to identify the company as Wave Systems & that you are a wavoid.
yer little ruse doesn't intimidate me in the least!
as SKS likes to say, you don't get it...
it is not at all about any pleasure related to the millions in wealth that has been transferred out of wavoids' accounts, it is about helping newbies to decide based on BOTH sides of the story before they join you.
maybe a better question would be...
what are you out to accomplish?
i'm just posting unsavory facts about people who run this company & well, your ID is rosieloveswavx SO it is clear what yer view might be of my posts.
newbies have the right to know *both* sides of the story before they invest their hard-earned money in any company.
maybe another question to ask would be why some wavoids work so hard to prevent those adverse facts from being discussed?
Snackman, please explain how you know this?
"National is in production NOW. We ARE COLLECTING.."
where & when was this publicly stated?
tia.
did Sprague report sale of 500K wavx shares?
why does the wavx board's iBox falsely state
"Wave is inside Intel.... and HP...and IBM.... and ...etc. etc. etc"
or in the alternative, why hasn't Wave issued Forms 8K to announce these various material agreements?
Dave - the July 2003 P&D was a retail short's dream
$5 ---> $1 is just as profitable as $50 ---> $10.
you are 100% correct IMO that wavx is completely a "show me" stock at this point & without substantial revs, it'll be more of a trading vehicle than anything else IMO.
Wave mgmt has about 6-9 months (max) to silence all of its critics...
it'll be fun to watch.
later.
Snack, Snack, Snack...(sigh)
you are quoting a sales guy claiming that a sale is "expected."
what do you expect him to say?
& even if Wave does plant a flag on Dell real estate, i maintain that the biz is a niche now, not nearly the ubiquitous dream that was peddled years ago.
IMO there could be some interesting trading opportunities in the months ahead, though i will not personally partake.
good luck!
yep, i did hear that one...
'cept when i heard it the sophisticated woman was from Manhattan & the rube woman was raised in Saskatchewan.