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Hi Player!
That is an excellent question. It does seem that the momentum, impetus, of a group of conned investors who wanted to participate in a "discovery" type of legal action followed by lawsuit if there crimes committed, has stalled out.
I noticed that myself and mmbg are still unable to post on the main board so one of the "leaders" who wants everyone to go follow him to another penny stock that is about to go to the moon, is still very much at large....
It has been enjoyable reading the discussion here with Bar, yourself, and Blue....
My best to you all,
micro....
Dreamer
"microsoft subsumed everything".
1. Your response to Bluefang is well written.
That said, it is fatally flawed.
Your comment about Microsoft above is not only true about microsoft, but about other very large security companies both hardware and software.
The problem was that all of the DREAMERS like you were just that, wishing, hoping, dreaming and being led around blindly by people on a sterilized board.
NONE of you wanted to reasonably listen to arguments from people like myself or Blue, or MMBG and the hard cold financial data showing that WAVX was more about bluster than anything.
The CEO was LIAR, and the replacement was as well.
And yet, all the dreamers totally pretended like every word he said was gospel truth.
Yet those pesky financial statements always told the truth. Ignatius, Player, MMBG, myself, Blue, and many more all pointed to these and yet, it fell on deaf ears.
I personally wrote two or more posts regarding the fact that Intel and other large gorillas on whom WAVX was totally dependent, do not play nicely when it comes to market share and potential ptofits to be had.
Think DELL, HP, do you remember AMD and Dr. Jeffrey ???? How about all the money we were going to make from being in the hard drives? Remember Thibadeaux??? Oh, he was going to put wavx on top of the world.
And none of it ever happened..... Not one time, yet people like YOU continued your attacks and assaults on people like myself and MMBG and BLue who tried to point out to you all that this was a SHAM and SCAM and going down the toilet.
The first clue you ask???
The first reverse split. I was drummed out of the LONG camp because I said at that time before it ever happened it would be a death spiral.
What happened??? I was right.
Intel had no need for Wave Systems and neither did Microsoft. Neither did Dell, HP or IBM or Acer.
ALL were capable of their own solutions and as of today, there is no shortage of security companies that are viable, with revenues in the hundreds of millions who are doing well.
YES, as I said a hundred times before, there are many ways to skin a cat and accomplish the end goal, which was to protect data and endpoints. They did not all have to be the same yet the very same sales dollars in the market were being divided up amongst different methods and styles.
Of course, because I was personna non grata in your circles because I dared to get off the kool aid and not be led by a group of leaders who were dead wrong, folks like you did not heed the warnings or the advise given.
The endless DOT TO NOWHERE campaign was in full swing and was all the rage.
I feel sorry for those who really got hurt. They were scammed. As were you. For all your hopes and dreams you were fully taken advantage of by predators. You know who they are.
My suggestion would be to help call out and bring these pumpers who made money off of your backs to some accountability so that they do not do it again to another unwitting group of trusting people.
My best wishes for you and your future, hoping that you are NOT irreparably harmed monetarily.
micro....
A question. As the company has failed and finally fallen off the abyss it was headed to a long time ago, though it made many attempts to keep bringing in money to keep the doors open, (I meant to keep the wealth coming to the family), does anyone remember all the various Private Placements made by the company? And only certain select people were invited to participate in those.
Also, does anyone else remember that the terms were very generous for the participants and the stock price bounce was very predictable as well?
MANY of the folks who controlled the conversations regarding wave systems have pretty much disappeared and those who have not do not have much to say about wave. Of course, there is some question as to why they always chose to stifle any real questions about the relevant things, such as financial condition of the company or pointed out things that just did not square with the message from the CEO.
I wonder if ANYONE still around here was a Private Placement Participant who made money off the backs of the longs they were still telling that this company was going to be the next big thing in cyber security?
New Wave, do you know anyone like that??? Mundo's attorneys would love to know and most people know you were fairly close to SKS and company. Perhaps you could be of some help...
If ANYONE else knows of the PP people of the other board where the thought and conversation regarding the company was one sided and no other facts to the contrary were allowed, the attorneys would like to deposition them I am sure.
Anything anyone can do to uncover what went on behind the scenes would be appreciated I am sure...
MMBG
I agree with your assessment of the prior post. The product never was as good as made out to be by the hypsters on the boards. If it was, someone kindly explain the LACK of sales to large corporations, continuing to grow instead of contracts running out and never re-newed. THAT alone should have told ANY prudent person SOMETHING.
AH yes, the ENDLESS pipeline. That and PIPE DREAMS have a lot in common. All those orders in the pipeline just waiting to be fulfilled so the sales could go way off the charts and alas, June would be ours, again.....
There were so many diversional tricks played to keep those who had hopes of getting rich off of this one tiny investment increasing the amount of money they shoveled the Sprague direction.
The board in my view, had its own wolves in sheep's clothing to keep pumping this fantasy about "IT'S COMING", JUNE IS OURS, "Wait until Q3" , and of course, with no respect intended, but, AWK was always hammering away at how the entire computing and security world could not live without wave systems. He often pointed toward ARM and somehow got people to believe that ARM and Wave someway were inseparable, joined together at the hip.
Of course, Wave was the only company who provided a HYPER-VISOR to facilitate the interface between hardware and software.
That was bogus as a three dollar bill and I demonstrated it showing hardware suppliers like Intel actually having their own. They did not need wave's.
Of course, my name is not AWK so the facts did not matter. People chose to go their own blind paths, refusing to look at REASON, the pleas to look at the financial statements, or to look at existing business levels...
Of course, we were just busy BASHING the company while the real enemy of the LONGS and Believers were within the camp controlling and steering the conversation one direction. Always Positive. Always.
My empathy remains with those who were took and were hurt financially. The petty arguments now being fostered over words as well as the bones remaining from the failed company are just that, petty and pointless.
If there is solace to be found, look to the ones who were in the camp as wolves in sheep's clothing, always pointing the finger here at MMBG, myself, Blue, GregS, Unixguy, ExPatriot, Unixguy,NXT,D&O, and some others. We were all busy shorting the company.
I cannot speak for ALL, but I know for a fact I was not, mmbg was not, Blue was not, Unix was not, Greg was not, and ExPat was not.
That was all part of the plan. Divert attention to others while YOU are busy doing exactly what you are accusing others on another board of doing. Distraction..... The Magician's game.
I suggest very heartily that all you longs who are interested in who deceived you and who might be accountable for that pump and dump and deception, focus on those members among you who want to stop talking about the mess they left behind, and who also always were telling you that riches untold and takeoff is just another few months ahead, even while revenues were declining steadily...
RIGHT there in that group is where you all will find out who took advantage of PUMP and DUMP as well as PP offerings at your expense.
The wave saga is about over and all that remains is for a little mopping up of the deceivers and possibly some to acknowledge that a few of us actually were not against you and did not deserve the UGLY name yu labeled us, willingly , with, but rather tried to point out to you that this was a SCAM being played on you.
Hopefully you can see that now..
My best to all,
micro...
Titlewave
do you remember when I talked about the incompetence of the ceo and also that there was no evidence to show these products were being sold at high volumes and would become the "defacto standard" (remember that looseley tossed about word) of trusted security?
I also pointed out that there were competitors who were forging past wavx and of course I got shouted down by lots of longs, including you?
MMBG was saying the same thing and nobody, let me repeat, nobody, listened.
The FACTS about wave systems were evident. They were evident by observing the competition that all the pro-wave forces denied existed, yet, they are still here today selling products. They were evident in the black and white financial statements every single quarter, yet those horrible results were always dismissed by folks by saying "wait till next quarter" or "June is ours" or "CFBE is just around the corner" as if that really meant anything.
Bluefang, myself, and MMBG all were clanging the bell pleading for all the longs to awaken out of their slumber.
What did we get in return?
Ridicule. A lot of disgusting obscenities hurled at us, and of course we were the ones who were simply JUST A BASHER whose only intent was to drag down the company.
Nothing could have been farther from the truth.
Now that it's reached its culmination, you now begin to realize that what MMBG, Blue, myself and some others had tried to warn you all about was true.....
Unfortunately, now that wave systems has come to a close, it is financially too late for MANY. Many have been hurt financially. Some could not afford that to happen and that was my worry.
Most were MISLED by a select few who were in your camp. A great deal of encouragement to stay the course and buy more shares and focus your attention on us "bashers", whatever that is....
I think you should join with Mundo in uncovering some rocks where the real culprits would be laying low underneath hoping nobody ever sees them and discovers it was THEM who misled you and possibly made a lot of money off of you.
I knew a long time ago SKS was not a genius and also knew from EXPERIENCE that he wasn't even bad ceo. He was NOT a ceo. Did not have the principles, business acumen, any experience, and his practices revealed that to me in spades. He was his daddy's son and that was his only qualifier.
But when I brought that up as well, I was roundly dismissed.
I fully understand the frustration, the anger, and all those feelings because the die hard longs were PLAYED and USED and in essence, stolen from. They are embarrassed and some are really hurting financially because they allowed themselves to only believe what came out of the mouths of a select few people who set themselves up as being the only ones who knew everything, and claimed they had insider knowledge.
I can only trust you are only angry but not harmed irreparably financially. My heart goes out any and all who were seriously harmed financially. And for Walt's family. That is the ultimate harm caused by being misled by a few.
I wish you peace when this dust has settled. I know it will be a reminder though of the dangers of listening to mostly a group of people on a chat board about where to invest one's hard earned money.. That is an invaluable lesson learned the hard way by many unfortunately, including myself....
micro...
If it irks someone's sense of justice and fair play when there is such obvious manipulation, then WHY, with the opportunity to find justice and see what happened, would that same person take such a strong stance against that now????
Thanks for all the memorable quotes MMBG! I remember most of them.
micro...
Hi mmbg!
I do not agree or subscribe to the theory expressed by CM regarding certain leadership. Why? Because if that theory held true, then those individuals, (more than one) would not have been so willing to continmue to encourage ALL WHO WOULD LISTEN to continue to buy, buy , buy. There was a concentrated effort in order to keep everything looking as if the company were always about to take off into some tech shattering new superpower. Never once did those who kept up the rosy images ever suggest that maybe we ought to stop and look at this a little closer. Not one time.
Didn't somebody else who was all pro wave and hyping, pumping, and promoting wave get caught up on an investigation some time ago and wind up being convicted on some charges?
What is the difference?
If there was intentional misleading and the persons who were doing it profited from it in one way or another, then those persons would not be interested in having a full disclosure investigation into what took place. As Player has said repeatedly, there is more than one.
Those how continually encouraged and promoted falsities to entice investors to sink their personal fortunes into this should be uncovered, prosecuted if possible, and be known for what they are and did to other people.
It's not asurprise that certain person does not desire to have this looked into. The excuse offered just does not hold water, and neither does the one offered by cm either. Where there is fire, generally you will find something that was smoldering..
Let justice be done and everything made visible and let's see how it all shakes out...
The uncovering of Responsibility : WAVX SAGA continues
There is a move on to hire a legal team to dig into the mysteries surrounding the events of the many false flags and endless stream of promises of break even just around the corner, contracts that did not exist, and misstatements that basically were to entice investors into pouring more money into the company.
MANY of those who suffered losses want to know who swindled them. They realize there is no money coming back to them but they also do not like the idea of being taken either, and who can blame them.
One thing that stands out like a sore thumb is a post by THE prominent leader of the pro-wave investors stating that HE is not the least bit interested in putting up $500. into a legal fund to investigate this whole thing.
WHY wouldn't such a person want that to happen? If I were one of the large shareholder's who just suffered catastrophic losses I would surely want to know if something smelled bad and who was culpable. There may well be some civil or criminal liability that is remaining hidden that could possibly be uncovered. Personal liability at stake.
I believe wave management, present and former, have some explaining to do and may possibly be liable for some violating some laws. THAT is why YOU hire an investigative attorney.
To UNCOVER that which has remained hidden to the eyes of average investors, not privy to insider talks and backroom deals, yet are the ones who bear the pain of financial loss and for some, financial ruin. SO why would not the leader of the positive invest in wavx group be against uncovering those things???
THAT is an answer that should be being sought out by everyone who lost money in this company.
JMO.
micro...
Hi mmbg!
Yeah, that isn't just good, it's SKS good! It just demonstrates that my complaint for ages about his lack of credentials for being a ceo were accurate. Then we see all the nonsense about the ability of the corporate officers actually purchasing their own company's shares with their own money, demonstarting openly that they were not about to throw their money away on these company shares but it's perfectly okay to ask certain members of the insider group to keep hyping and getting wave investors to pony up their money.
Kind of illustrates the lack of confidence that they really had in the ongoing business does it not? But then again, we posted that thought and of course were loudly booed and told that wasn;t the case, sks would never do such a thing....
Amazing what we remember....
I am wondering if the insiders who pumped and hyped this stock so much like NEW Wave for example, Snackman for another, have any feelings or thoughts about being on the creditor list as it also kind of lets the cat out of the bag on just who some of those with very close wave ties really are?
Player
see post 224711 from Orda.
I think that is dead on.... Was interested in your opinion!
Thanks,
micro...
Player
Good morning!
Did you per chance review Orda's scenario the other day?
If so, what did you think about it? I thought it had some merit or possibility. Would not surprise me with the lack of ethics demonstrated in this entire saga...
Good reading you!
the best,
micro...
It is the duty of the trustees to in order, liquidate ANY assets the company may have to creditors, secured ones being first in line and determined in what pecking order by the court.
Shareholders will not get anything except the shaft which is what they have always gotten from SKS and Wave Systems...
I think ORDA made an interesting observation the other day.
take care,
micro...
Orda
That is a GREAT observation and point.... Yes, the predictability of the patterns was always there. I noticed it as did others and it had been pointed out numerous times.
Thanks for pointing it out again. Alea is also correct in that he states looking in the mirror will help those who lost a lot to see who is responsible for it.
Blue is correct also in that we can still have empathy for someone who will really suffer from the losses. Yes, it was their own fault, as there was plenty of financial statements that are public that tell the real story as well as plenty of evidence by other posters who pointed out the shortcomings for quite a while and yet nobody paid attention.
Very good point you have made...
micro..
Those shares they are holding onto could be used as kindling to start a nice, warming fire in the fireplace whre you could also burn all the remaining ones.
Blue
It is precisely by the cult leaders comments and excusing of all the nepotism, fraud, and every other thing we could spend days listing that they have absolutely ZERO leg to stand on thinking now they somehow are deserving of lawsuit rewards...
They AGREED as sheep nodding their heads in collective agreements every single time WE ALL brought this stuff up and their answer was exactly as you described.
WHY is it that when this crap was being perpetrated that now, when the inevitable fate that we said was going to happen, has happened, do several of the thought control board seem to want to find out if there will be a class action lawsuit?
They approved the theft!!! Now after the fact they want it back???
Talk about FICKLE......
micro.....
Blue
I wanted to add something to your accurate assessment of the Wave Myth and finality.
You stated this
After a long death spiral following the first reverse split, wave systems has finally ended up where several of us predicted it would prior to the first reverse split.
Of course, there were a lot of folks who did not hold that belief and invested even more and more into this company.
The SAGA is finally over. IMO, the only remaining question is will there be a class action suit filed against the Spragues and the BOD for their parts in continuing to dupe and lead on investors, swindling them knowingly out of their money by misleading statements.
I suppose that will be determined at some point in the future.
Congrats to Blue who called this extremely early on and helped me to get my 20 -20 vision back several years ago... It feels good to be vindicated and right....
micro....
Good morning and Merry Christmas!
It appears that the "Wavx" of deception continues as it always has.
Barmitzvaboy pointed out at the bottom of his post that stockholders are like BAGHOLDERS for this infamous company. You are dead last in line for any crumbs left over when this SCAM and Sham finally topple over and the Sprague family raises its glasses in a holiday toast to the millions they made off the backs of every sucker that donated money to the Farce that was Wave Systems.
Every single person who holds any shares should sell them immediately as it will be more than they will get shortly.
The death knell is knocking louder than ever and this company is on life support. When one has to resort to lies like these and the deception from things of the past to pretend like it is happening now, (even though it was not happening in the past either), demonstrates they are counting on hustling even more money out of the likes of the other view.
Glad I sold off my remaining shares months ago....
Have a Merry Christmas and for my Jewish friends, Happy Hanukkah!
mmbg
I had stated a decade ago repeatedly that gorillas do not play nicely with freshly birthed newborn upstarts in this sector.
Looks like it is all coming to fruition..... These small security companies look like fresh food to the big and hungry gorillas.
Amazing how business works isn't it? Mostly easily predictable to those who don't buy into hype and keep their business sense about them. Needless to say, I was not alone in thinking this....
Thanks for the post! That is some interesting acquisitions....
micro....
Alea
Sorry so late in seeing this. Been away from board for awhile.
THIS is the best, most well reasoned, and imo, most likely scenario that would explain it.
Andy and I had some things in common. We both were ME's. I knew and understood grinding, centerless grinding, all types of grinding as my starting point was as a ME for A machine tool corporation that built grinders and other machine tools that is well known.
My conversations with Andy at dinner were not just about the company and the technology but rather about things which are more important, everyday life.
He was a totally different person than one who seemed so intense and frustrated with those of us who did not understand the technicality of all the twists and turns of trusted computing hardware and then the levels and degrees of the software needed to support.
I believe you have nailed this squarely for me and helps me to understand the TWO Andy's I had the pleasure and privilege to spend a little time with in this life.
After my mother passed just a few months ago, I realized very quickly how tenuous our lives are and how short, yet how much they mean to others. I still feel a sorrow at her being gone, yet know she is at peace.
I hope Andy found the peace he needed and that some of us will remember the kinder and gentler side of him which I can testify that he really did have.
Thank you for that great train of thought.
micro....
Thanks Bull Dolphin
for sharing the sad news with us.
Much appreciated.....
micro....
Alea
Agreed. He was very pleasant and nice person in person. I had the privilege of having dinner with him a couple of times and we enjoyed each other quite well.
Both of us being an ME provided great commonality and being in business as well. I knew of his personal loss and had prayed a long tome for him.
I believe your thoughts to be very accurate and I will miss him.
Best Regards,
micro....
Just because in your opinion there may have been thousands, or even tens of thousands of prior, previous, ongoing, companies, scam artists, whatever, does not make the investor who has LOST tens of thousands of dollars by this bunch feel one bit better and neither does it make it okay for Solms to continue the tradition of poor management.
It matters not whether wavx is "small time" or "big time". The fact is wave has been grossly mismanaged, used a lot of misdirection, told blatant lies which have been stated numerous times and proven already, Solms was TOUTED and HAILED as an upright, honorable CEO who was going to turn this sinking ship into an ocean liner.
From one who has managed companies larger than this one ever was, let me assure you that the bilges and pumps on this ship are not working, irreparably damaged, and that this so called LOAN that SOLMS has made SHOWS and demonstrates a desperate act and it is not for the shareholder's best interests.
In fact, nothing ever done by this company has ever been done for the shareholder's interests if we go back and examine it closely.
Everything has been done for the Sprague family and close friends and horse nannys.
JMO.
mib
MMBG
the cupboard for cash is like old mother hubbard's cupboard. Forget about sales. They apparently LACK capital if they cannot finance a trip. Then again, when your stock is about a penny and a half pre-reverse splits, it should be painfully obvious there is a huge problem on lots of different fronts.
IMO, this has been the most mis-managed company of all time and kinda ranks right up there with Solyndra only these people took individuals' money and squandered it on themselves while telling one lie after another to keep many of them on the hook. Bernie Madoff style. To me, the name Sprague isn't much different than Madoff. Just another ripoff artist. Solms is just trying to feather his own nest while he can and wavoids are still , yes, even at this time with ALL the information out there, swallowing it hook, line, and sinker.
There comes a point where one can no longer have empathy for someone whom you have shown this to be what it is, a sinking ship, and they still continue to put money into it thinking it will turn around........
Good to see you by the way!
the best,
micro...... (mib) Micro is Back is what mib stands for.....
Good morning Player and everyone!
I thought I might stop by and see what the discussion was about sine Bob has made it clear no more wave boards at his place AND I sold all my remaining leftover shares of wavx a few months back.
What caught my attention was the APR on this "loan". Do you know per chance WHO that loan is with? Did he go to a loan shark, a mafia member perhaps,,a "quick payday loans" ripoff place,?
107.36 percent APR ? Hedgefund place or maybe VC money?
I would be interested in where this JOKE of a CEO, who is as big a joke of a competent Chief Executive Officer as the previous imposter, went to get these outrageous loan terms when interest rate from the Fed is still at ZERO percent.
I wonder what the boneheads who comprise the BOD make of this or are they also complicit?
Wow. Thanks for the info Player!
Best,
mib
Hi Player!
Just stopped by to see if anything was coming to rescue the inevitable death spiral that started with the first reverse split, which ran me out of favor with certain folks.
My question for anyone, would be why would Micron or any other company be remotely interested in buying or inking any kind of deal with Wavx?
If they wait a little longer they can pick it up for almost nothing if they really wanted it, but again, WHY would THEY?
If wave had any really good products that worked, wouldn't their sales be higher and consequently their revenues?
It does not appear that many in the commercial or enterprise markets are really interested in this company's products, so why would anybody be interested in spending money on them?
I watched from the sidelines when one of my customers, Mosler Safe Company, was struggling and instead of anyone coming forward to purchase it, they simply let it declare bankruptcy and then at auction bought what parts of it they wanted for pennies on the dollar.
I just see no value in this for Micron or any other similar company. I would be interested in someone else's point of view if they could clear it up, but if wave's products were any good, why are their sales and acceptance so anemic???? Even Dell dropped them in a short amount of time.
Hp went away from them and the folks at AMD from long ago have nothing to do with them. So why would micron???
Thanks in advance and I do appreciate your perspective.
micro...
Will Solms do it again?
With wave's share price declining downward today to 64 pennies and mediocre volume or interest, what does the group think the company actually going through with yet another reverse split to avoid a delisting from Nasdaq ?
Just wondering how others see this.
Thanks...
mib
QUESTION for everyone:
Does anyone here think, believe, or whatever term you care to use, that there is anything any company can do to prevent a DDOS attack?
Let's see a show of hands.
Just wondering....
if you are at cash flow BE why then does wave need to have a placement and more dilution in order to raise money?
The fact is CFBE is a myth and does not pay for all the bills, both the accounts payable type as well as the ceo, who is no different than the previous incompetent scam artist.
When a CPA firm certifies a financial statement that actually shows BLACK INK on the bottom line then we can talk about not needing to raise more cash.
SHOW ME THE MONEY. Bruce Williams..... The talk is just that.
We've been talking now since for me, the end of 1997 and the result is still the same. RED INK, trying to figure out a why to keep from being Pink Sheeted, again, and a not so forthright ceo as everyone touted was going to be the case after SKS long overdue got his walking papers, laughing all the way to the bank....
There is a singular word that come to mind that JP Barnum coined many years ago that describe people who contribute money to the WAVX corporation: That word is SUCKER.
One would have thought by now, after 17 plus years some of the gung ho and blind optimists would have caught on to something simple, like financial statements, by now.....
Smoke and mirrors, dangling a carrot on a stick are old tricks and apparently they still work with some despite the plentiful evidence to the contrary about this scam of a company.......
jmo
Alea,
That is the best worded phrase that describes perfectly my sentiments exactly as well.
Let someone else take all the risks if they believe they are worth it but so far I have seen nothing in terms of black and white hard figures that show or demonstrate this is going to be a growth company, much less whether or not it can get out of its journey to delisting except by way of yet another reverse split followed by more dilution.
Well said Alea! Completely agree with you.
mib
"Mitre is a not for profit organisation..."
Well, at least Wave is in the right place there then. They also a not for profit organisation so it is a perfect fit.....
Can't wait for the second half of 2015 announcement that they may be doing something later or maybe they won;t.... Who knows...
That is exactly how it struck me Alea!
You simply beat me with your post while I was typing mine.
Not only a delay, but half a year just for another announcement about what they are doing. WOW!
That just gets your investment juices really flowing don;t it?
the best
mib
The companies aretargeting the first half of 2015
for more announcements regaring their collaboration on developing yet another security product that is based in root of trust.
WOW. I can sure get excited about "more announcements" and we only have to wait half a year or more just to get them. In the meantime, what about REVENUES and EARNINGS?
Without those and a continuing drain on available funds, now increased with the addition of Patton, there won't be a company named WAVE to make any announcements.
While it all sounds good and rosy and even if after several years lets pretend that these four companies somehow finally develop a product. That length of time is an eternity in cyber security.
Also, if it is jointly developed and sold under one name, and they can find anyone to buy it, how do the sales get divided up between the comapnies involved?
Just curious,
micro...
totally agree with the content in that post Alea!
Only those who choose to where blinders and think everything is always rosy here are ignoring or ignorant of reality and must believe we are the only country on the planet.
There is another Cell phone maker who makes phones that cannot be compromised by our anti-freedom loving agencies who ignore our rights and our Constituion. I hear it advertised and talked about by its owner a few months back.
Hopefully APPLE really did make a phone that is not friendly to US intelligence spying. I hope that is really the case..
micro... (mib)
Thanks John Galt! I could not remember off the top of my head Sickles. He was an abject idiot. Thank goodness for colonel Vincent and Chamberlain!
Would that description be akin to managing people who have no reason for creative thinking at that point? Hmmmmmmmm.
Dictatorship is the lowest form of leadership. Always has been, always will be. When you cannot lead people by example and energy, beat them into submission.
I would like to pose a question.
WHY did DELL show WAVE the door and replace wave's product with one from a competitor which Dell obviously esteemed better than Wave's?
I mean, if wave's product was that good as we had been told for decades by a select bunch, why did Dell choose to get rid of wave?
WHy then did Dell turn around and replace wave with somone else in that same space? Yeah, Dell thought enough of that product to buy them and put their name on it! Funny thing that didn't happen for Wave.
Does give one pause to wonder though about all the hype that has always seemd to be heaped in great abundance upon this company despite the evidence.
Not to mention the non-existent PROFITS but very real LOSSES quarter over quarter, year over year, despite all the overly optimistic shouts about wave has the highest gross margin of any! What is left out after that is that it does not matter one bit. WHatis the NET PROFIT MARGIN, the one that matters????
The one that tells you whether you are making money or losing your shorts, again...
How many here claim to be business men or women????? Own your own companies?
Let me ask you all a question.
WHEN your accountants or CPA's finished the quarterly statements and then the annual one at whatever date your fiscal year ended, what was the only number on that statement that really mattered?
The one that determined whether or not your company would be paying taxes on profits???????
OH, let me help those with short memories. It is the NET PROFIT!!!
The neumber that shows whether you made a profit or not. Theother numbers are great for dicsussion but in the end, if you have enormous gross profit margins and negative net profit, someting is badly wrong in river city.....
Kindof makes me wonder about the claims of all those who have stated they somehow were business people.... The lack of basic financial analysis seems to be replaced with nothing more than any excuse to dismiss the black and white facts: WAVE and SOLMS are still bleeding, hemorraging, CASH and have not yet showed a real bonafide profit.
And then there is the hoopla about BREAK EVEN. If you are cheerleading for BREAK EVEN, I would love to have YOU for my competition. I am not interested in TREADING WATER, which is what Break Even is. A corporation is supposed to in theory be an enitity that grows year over year, not stand still or lose money year over year.
I do not know where many have studied their business education but it appears they needed to change schools with the type of comments that have been bandied around for so long.
And last, there is the new guy, good old General Patton, who TKC defended to the hilt and called all of those of us who also have served in our nation's military, unqualified and not knowing wherof we spoke about and that all General Officers are the very best the military has to offer.
May I remind TKC that at Gettysburg, it was a General Officer who screwed up badly on the second day of battle, left the entire end of his line exposed at the round tops, had his BACON saved by inferior in ranks officers and lastly, saved by a COLONEL from Massachuseetes who oredered a bayonette charge because his men had run out of ammunition fighting off the troops from General John Bell Hood who tried to take the roundtops, but could not. Where were the great generals at that Battle tkc? Same place as they were when I was in battle in Nam with mortars exploding all around us and AK-47's firing hundreds of thousands of rounds at us. They were safe and sound far away leading from behind as usual. Our LT and First sergeant didn;t make it out of there. But they led fearlessly and we held despite the numerical superiority of the enemy.
So please spare me the crapola about General Officers because I point out toyou MANY throughout history that were not worth a flying flip. And when itis DOCUMENTED you tried to cover up and stall investigations, and there is plenty of stories about it, that does not speak well of someone in authority...
Okay, I am done asking questions about BUSINESS 101 and discussing leadership by Generals or others. I will go back to hibernating and see if ANY of the so called BUSINESSMEN would care to correct their assessment of what a PROFIT really is.
It's what a company EXPENDS in expenses after the gross profit margin that determines what the NET PROFIT or LOSS is.
And after 17 years of watching quarter after quarter after all the BIG PROMISES of ITS COMING and JUNE IS OURS and we can hit break even on orders in hand, I have still yet to see ONE single solitary financial statement that shows a profit was made, but that the company was still bleeding red ink.
Anyone have any information that is different?
Former Business owner
Engineer
Veteran
micro....
tkc
Sounds like how a real business model should be. Oh, I forgot. That's how mine was and the three I worked at before.
Glad to see it may have finally arrived in LEE.
micro....
Alea
Excellent critique in my view.
It has been some time but you and I are on exactly the same page with your line of thought you stated.
the best,
micro...
Alea,
I am total agreement with you.
thanks,
mib