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Wave - the Halloween trick that keeps on keepin on.
It seems to me there is a lack of interest in both product and the company itself. Looking at the prices being paid to acquire cyber security companies, while 100 million would be a premium for this company it would seem to be far under what others are paying and that is disturbing. That speaks to the lack of potential sales and frankly product as it is viewed by others in this space. Thats not basher speak..thats the market. The silence in effect combined with the slew of acquisition we see...coupled with zero sales traction all point to a rejection of the company and the product.
Only two more weeks until the shareholders get underwhelmed yet again. Another call leaving the shareholder wondering yet again. Another call that reveals investments yet again are steeped on faith. A faith that even those within the company cannot bear to separate themselves from their cash. Not even at these prices.
Here's the problem for wave--and it makes it tough to get a foot in the door to even begin to show what your product can do when you see headlines like this..
--Cisco To Acquire Cybersecurity Firm Lancope For $452 Million
--Intel to sell Stonesoft network security unit to Raytheon-Websense for $389 million
--Microsoft set to gobble up third Israeli cybersecurity startup in year, source says--The tech giant acquired Aorato, an Israeli application firewall startup, for a reported $200 million in November of last year. In July, it picked up Adallom, an Israeli cloud security company, for a reported $320 million. Now the Redmond, Wash.-based company plans to add Secure Islands, an Israeli data security firm, to its portfolio.
--Dell Acquisition of EMC Has Big Cybersecurity Implications
The devil will be in the details, but if company cooks up a winning integration strategy to combine the likes of SecureWorks and RSA, it is poised to become a major cybersecurity player.
Today’s landmark purchase of EMC by Dell for $67 billion has set the entire tech industry ablaze with talk about what the integration of these two powerhouses will do to the enterprise IT marketplace. With much of the talk focused on the storage play this adds to Dell’s portfolio, it’s easy to forget the security implications of the deal. But both sides of this marriage bring significant security assets to the table—Dell with components from SecureWorks, SonicWALL, and Quest Software and EMC with RSA. There’s significant opportunity for Dell to leverage this deal to make a serious bid for dominating the security market.
-from SecureWorks, SonicWALL, and Quest Software and EMC with RSA. There’s significant opportunity for Dell to leverage this deal to make a serious bid for dominating the security market.
--Raytheon has acquired cybersecurity firm Foreground Security, a provider of security operations centers and managed security service solutions.
The new company, which will be called Raytheon Foreground Security (RFS), "accelerates Raytheon's expansion into managed security services across federal, international and commercial markets," according to a Raytheon announcement.
Foreground Security's Virtual Security Operations Center and Automated Threat Intelligence Platform offer unique advanced cyber monitoring, threat hunting and professional services capabilities, Raytheon said.
---Thales Security, an e-Security and cryptographic solutions vendor, has acquired Vormetric for $400 million in cash, the company announced on Tuesday.
The acquisition is expected to expand Thales’ existing cybersecurity offering by incorporating Vormetric’s data protection solutions into its portfolio. The deal is scheduled to close during the first quarter of 2016.
---Dell Files Confidentially for IPO of Cybersecurity Unit SecureWorks
SecureWorks could begin trading by year-end and may be worth as much as $2 billion
Does wave as it is constituted have the name recognition and resources to fight off this type of potential competition?
The answer to that question seems fairly obvious when you consider the filing that was filed this week-TO JUST PAY OFF THE LOAN if need be. You don't file that if you think you won't need it.
The marathon is beginning and the big players are lining themselves up. Wave arrives emaciated and dehydrated.
There must be hundreds of thousands of options outstanding. Out of the money for sure but if the long term success is what us being touted a minor loss in the big picture. No one is stepping up to the plate to show the shareholders the believe with their wallet.
Something to ponder.....if the company expected real revenues in the near term would they have priced the shares in that filing at .15? Going with what is known has served those very well
Not without news freshy. You have a shareholder base that isnt going to move in unless they have some meat on the bone..most having held for years and suffered through twonreverse splits that effectively diluted one for three followed by 1 for 4. You have third quarter results coming out in a few weeks which saw them take a three month loan payable nwar end of year that had an interest rate that bordered on loan sharking. Third quarter results had to blow. If it did and no money generating deals of substance are pr'd they have the delisting extension expiring after first of year. The second time in the 2000's and third time overall I believe. You guys will be trading amongst yourselves I feel.
That type of logic works in a vacuum. The company doesn't operate within said vacuum. Some of those variables became large obstacles because of the singular view of the tech.
Now it's the cash which is the greatest obstacle. Amazing to think of the hundreds of millions of dollars that have been plowed into the company prior and at this stage in the game they have to borrow cash at such an onerous interest rate.
Now we read about a billion dollar contract in the cyber security area and that company investing billions in itself in pursuit of the business in this space. They won't be the last.
I just can't see how a company that has no resources at this point to invest in itself can compete on this type of scale.
Exactly..the point is 1 Billion being spent. Money is being spent. I don't see evidence of this type of cash flowing wave's way.
From the article
"Raytheon, meanwhile, has doubled down, investing $3.5 billion in its cyber division, and expanding in the Washington region, where it has a 30,000-square-foot “cybercenter.”
How in the hell can this company compete in this space when well heeled companies are dropping this type of coin into their own infrastucture?
It is truly going to take a miracle at this point.
There was a time for this company to take a foothold and I believe that time has passed.
There will be others dumping the same type of resources onto themselves to insure they can get at the massive amount of dollars that will be doled out.
I cannot see how wave can be anything but squeezed out. The investment being made by these companies is too great. The financial state of wave is too fragile. The timelines needed by wave do not seem to be in their favor.
We shall see come 3rd quarter results.
If those stink the real damage to the shareprice will commence. Baring any contract with dollars there will be nothing of substance released between the CC and the nasdaq compliance deadline. The loan payment comes due prior to that. It will be interesting to see how that gets paid.
It's a very precarious time to hold shares, let alone buy any more at this time.
Raytheon wins $1 billion cybersecurity contract to battle attacks on U.S. agencies
https://www.washingtonpost.com/news/the-switch/wp/2015/09/29/raytheon-wins-1-billion-cybersecurity-contract-to-battle-attacks-on-u-s-agencies/
I didn't see this posted...
I agree Alea..once the board facade peels away everyone of us here has family and friends that feel a void that wasn't there prior to one's passing. Condolences to those folks in AWK's circle. There are a lot of names that have dropped off or out in the long history of following this equity. And no closer to knowing anything.
True...but any number above the zero means money can still be lost..ten grand is still ten grand regardless of .157 or 1.57. The facts have not changed that this company has very little evidence it can close deals on its own that can keep the company afloat. Unless those deals involve diluting the share holder.
Looks like the price and volume are yet again giving us an indication of what some in the know think of any near term deals. A different tale than what is being spun elsewhere. The track record of this daily record is proven. When it is fooled the result is short term..not years.
An argument...a very compelling argument can be made that the positive spin has been more detrimental than the actual performance of the company to the share holder.
This news adds exactly the same amount of revenue as wavepress ISHOPHERE and scrambls to date.
Where is the insiders buying at these prices? There are no hard and fast dates on times when deals are closing so there should be no conflict. There could be a release stating intention to purchase. But nothing. The silence and lack of putting up ones own money sends a crystal clear signal. The truest indicator as far as this stock is concerned since I have been around. Quite the problem when you have single share holders with larger stakes than the insiders combined. Red flag.
What's gone on longer... information hacking or the hacking away of shareholder value by this company that trades for what can essential be found in the couch cushions.
When you sell trust and you cannot put any of that trust in the words coming from the company it tells you all you need to know. That and the abject failure that passes for the financial statement.
Ask yourself....where are the insiders loading up at these prices? If the deals are on the horizon. The old crutch about not trading on news..fine..
The stock has basically been in this range for the last three months. Why not two months ago?
Its always easy to spend someone's money and harder to part with your own.
The lack of insider buying has always been a leading and correct indicator in this stock.
Donald Duck. I highly doubt Dell purchases wave. Shortly after they purchased a security company a few years back they started cutting ties with wave and they have only added security companies via purchase since. No chance they do this.
The teens trading range tells us that the syntax findings are suspect. Given the names associated and the penchant for an upward move when discovered..this falls flat. One would think given these names that volume and a price rise would accompany the new money coming in from those connected with these companies. Its not happening.
Exactly. I find it very hard to swallow that this information would be so easily accessed by ANYBODY who has a computer. Dosen't exactly make sense to me.
I am in the camp with you that this is strictly a product offering list. Nothing more.
For years this rabbit hole has been chased and has reflected nothing in the reported sales.
It also seems very odd that one could find this number here so very easily and yet a customer breakdown of sales from the company itself remains mostly a mystery.
Posters have been following that trail for the past few years and the sales have constantly been falling. At the very least it hasn't added anything. Personally i think its just a sight that shows product availabillity and not actual sales. The wave rev numbers support my thinkingn
That ship is away from port. I don't believe there are enough shares on the shelf to make any damage. Thats why so many of us felt after the stock crapped into the teens it was the point from which recovery was nearly impossible. The three month loan with those onerous terms was writing on the wall unless they can announce guaranteed revenue in a contract with product numbers as well. The loan tells me q3 is a dud..and any releases showing financials won't be released until well after the nasdaq deadline passes. The share price is so beaten up a reverse split is in effective because it would be so large the stock would immediately sell off. The insiders have options they could exercise but those all are out of the money I think and why exercise now. Besides if you look at the reports nearly all those were turned around and sold asap. Fact is they need a contract showing double digit millions at this point.
100 million for a secure messaging start up. There you have it in a nutshell. This company is a victim of its own excess. Hundreds of millions of dollars squander and there is not a viable.product that can support the company as far as the market is concerned. Too many years in business with the same results on the resume.
Methinks...the cat is already out of the bag once they released it for free. That's kind of hard to walk back now and this company surely isn't in a position to defend or demand anything. I just cannot see how they are going to monetize this. If you are thinking MSFT is going to pay a royalty or something like that I think that's a huge pipe dream. They will let it tag along for free. If there was money in it they would find a way to own it.
Thats nice methinks. If this is an app for 10, how is it going to provide revenue. It has been a free app downloadable for over three years. Once the excitement wears off can you please explain how this is going to be monetized and soon. Wave does not have time as a luxury.
Slow the roll on the scrambls app. How many free apps can you download for your phone from the app store..thousands. How are they monetizing it. Just being available doesn't mean cash.
Exactly..those that are looking for an upside surprise are going to be disappointed yet again.
You can ignore everything else. If Q3 shows no sales uptick there will be nothing outside of a contract with hard numbers attached to keep wave from being de-listed. The old puff PR release doesn't do it anymore. If past history is a guide, there will be no numbers from which to judge once Q3 numbers are released before the deadline.
One of the biggest problems the subscribers have to that newsletter is they are trying to validate and put valuation on something by using the bogus metrics put forth by the contributors to that publication. Assumptions based upon what was being fed by the former leadership still have a grip.
The market has always shown otherwise. Don't believe then look to DELL. The company that had them in their own box. The red flag of red flags.
A company on the verge doesn't take the terms they did for three months of cash.
Question-why not sell off receivables or whatever the hell it was they were doing before when they were in a cash strapped situation?
Givelove without any guaranteed minimums do the math. They can't give you any numbers or the market any numbers going forwardm. The market can extrapolate a figure based on the other agreements with the same language. The song remains the same and the stock price will remain right here in the.14 to.23 range until a significant bump in revenue occurs. And that bettet come in the third quarter result because if not the NAS deadline shows up before Q4 or end of year results will be revealed. As you can see an announcement like the last two won't move the price where it needs to go.
Tiny Pine Tree, the 15 year Samsung agreement also had royalty language in it. And the no minimums. No numbers period. Is there a stated royalty number in that 3 year deal?
There is nothing to see here. Until there is proof that there are sales. The past is littered with household names that never amounted to anything.
The partnerships with any externals have yielded minimal result.
The more telling thing to me is that the only time revenues were measurable was when they partnered with the box maker. And that box maker kicked them to the curb, went internal with its own security solution and now looks to be readying an IPO of one solution in this space. All after they gave wave the shoe. You think maybe they took the time to find out what the customer was looking for and created a product to meet that need? Saw the deficits in the offerings maybe?
The fact the company went to that trouble to create their own stable of solutions in this space-when they had wave in the fold for years and chose not to even try and acquire the company tells you everything you need to know. Venture capital firms view this as the hot market. Where are the VC's lining up to snatch up wave? Only the Vulture Capitalists are knocking on the door bleeding the company out while the shareholders get a front row seat.
It was easy to sell the shareholders on the merits, that viewed was skewed because of the investment. When the companies are taking a pass without anything at stake, when enhanced product value should be added, that's the kiss of death.
Welcome to life in the .teens. There is no viable argument one can present to make a viable argument as to why the share price should be higher. The trump card is no meaningful revenue being generated from sales-end of story.
The case being made is a failed one that played out for years,but the curtain that was supposedly waiting to be drawn has become thread bare and transparent.
We know this because the deals that we have seen have the same boilerplate that has put nothing of substance into the coffers. Samsung, EDS etc..
The only one to ever buck that trend was DELL and when they figured out it was cheaper to own the tech the went out an acquired one and cut wave off at the knees.
Question..If wave was as awesome as the some who feed the news pipeline, why didn't another PC company move in to take DELL's place? It's been years since DELL started paring back and nothing. The shareprice is extremely weak and at this point .03 would be a premium to where the stock is and still nothing. Especially if what we were led to believe is true.
The roaring silence speaks volumes.
The onerous heinous terms on one quarter of a calendar year cash loan has pay day lenders drooling with envy and jealousy.
People living check to check have walked out out Rent-A Center with terms not even in that ballpark, cut up Fingerhut credit cards with lesser interest rates.
This looks like the range folks, get use to it. The stock will move like it did early this week, a few pennies and then settle back down into the high and mid teens when the releases are digested for what they really are-no meat on the bone.
The authors of those wonderful news items Player are fooling themselves if they think that's going to be enough to get the stock back into compliance.
Those days are long gone.
The constant remains the same. These deals never state any hard and fast numbers. The posts come fast and furious touting how beneficial this will be for the company. Followed by the inevitable how high do you think the stock is going to run query.
The same old song and dance with the same old boilerplate language providing the same results for years
Player did you notice the Dell wording being held up to compare to this deal and not Samsung? Interesting
Player and yet I see the solution that the TPM is already on with windows 10. Yet unless I am mistaken I thought Microsoft had its own software for the TPM.
Player my bad...Nobody has used it in a fashion that Wave has been able to monetize anywhere near being self sufficent. At then end of the day current and former investors like myself made and investment in this company to make money. Some saw the light and went to the sidelines.
What it has done is reduced everyone of us to a commentator.
Blue the landscape in computing has changed so very much in the comparatively short period of time that it has been a part of my life. The TPM is an old technology now. It's out there and nobody used it. Does not matter, the tech is long in the tooth. Something else will come around the bend..there always is.
For me the only positive in this minus any revenue guarantee is that it is a positive they can present trying to sell the company. The revenue situation is exactly the same right now as it was Friday. This news is a situation for the penny traders to really make some money off the backs of those starving for positive news.
Show me the money. Following this stock for many years has shown any agreement nay not be all it seems. See Samsung....see insert name here. ..