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Of course, alea.
But that's only if you don't have an underwater position. I'm in the 'ride it to zero or be a hero' mode.....
tampa - I disagree.
And Hi, btw.
No, the worse thing is to stay on this site week after week, writing about a company you think has no chance of making you money. The optimism still has a chance to be rewarded, the other way is a colossal waste of time.
awk - It says that the offering
is expected to close by May 27, right?
Wave Announces Public Offering
LEE, MA--(Marketwired - May 20, 2015) - Wave Systems Corp. (NASDAQ: WAVX) announced today that it plans to make a public offering of shares of its Class A common stock and warrants. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
MMBG - Not 'recognized'
Billings added to cash position, I think. So, billings should be way up, but absent some decent sized closed deals, the number in the headline could be worse than the 2.9 last Q, if more Dell has eroded.
Don't keep selling it.
I told you my position, which didn't really require a response. I'll sit here and be optimistic.
Dead on truths,
about the past. You were right all along.
But I like to live in the present, and my post was written from that perspective.
NW - I think one possibility being left out,
is that maybe out of the 'dozens of pilots', 4 or 5 closed that were all under a level of materiality for a PR or 8K. Heck, they never released a PR for the 2.3 mil deal, it was 8K only.
So, maybe a few smaller deals add up to a mil or two. I seriously doubt it, and expect to be disappointed as always, but the chance exists.
Thanks. /eom
tkc - What's your take
on our cash position, and further dilution, in absence of big deals? TIA
Again with the reading?
I was saying there is an opportunity. As opposed to none. Your first paragraph was wrong, and I couldn't get thru the rest.
It's not that hard.
When you have big companies like MU, Lenovo, and many others using terms like 'hardware root of trust', it sure seems like hardware is coming. After all these years, I just don't discount these same companies being Lucy, and pulling the football. No absolute statements from me.
BF - You write well,
but your reading comprehension needs some work. What part of 'doesn't guarantee anything for Wave' did you not get?
alea - "hardware is inevitable"
This one I think IS true. Doesn't guarantee anything for Wave, but too many big/new companies are now using terms that only Wave and us, used to.
88K on the bid?
They obviously haven't consulted BF. Somebody must not know anything.
I hope you are right, Root.
If that happens, he would have only missed his stated goal by one quarter, and I don't think many could find fault with that. It'll help him more than insider buying (although that wouldn't hurt either).
I know you're Root-ing for it to happen.
mmbg - You write:
Would you consider CFBE a success if they reached that by cutting staffing to the bone just so CFBE can be met? Was that the vision any long held when they saw success in their investment after decades of holding?
Maybe. Seems to me that there are still enough qualified sales people there to get the necessary money in the door, if it can be done. Then your road to profits is shorter, and you can hire people as needed, once you hit that point.
Of course this is not what any long envisioned,but at this point, selling is a non-starter to me. This was always a win bet for me, so I'm not ripping up my ticket until the race is official. I read what everyone says (except Bluefang and a few others), and make my own decisions. The things I look for are more subtle. The accumulation leading up to the terribly disappointing numbers, but then, hardly any selling afterwards. The non-reaction to a 2.3 million dollar deal. The fact that institutional holdings are going up, while the revenues have gone down. This is basically a new company, so IMO, it deserves to be looked at with new eyes.
mmbg - It's also undeniable
that having 20/20 hindsight is not worth anything, in talking about Wave as currently configured. We were all wrong. You included. I don't think you get to claim a special prescience for only taking 10 years to figure out what took some of us 15.
But many famous people have said they 'failed their way to success'. Let's hope that's the case here.
Root - You don't think the esign
sale will improve Q4 a bit from Q3? No way Dell dropped 1.2 mil in a quarter.
dig - Agree with much of that.
BUT, you could say that the gov't deal they did for VSC was the first sign of movement. And it's not without merit to Solms that he dusted off something, re-branded it, and sold it to a huge company competing with current brands. Another source of decent income we weren't banking on.
You don't think that when a deal
like this is about to happen, there aren't 100's of people who could potentially know about 'the rumor'? Soft insider trading has to be one of the biggest givens in the market. "Hey cousin Bob, you don't know where you heard heard this, but....." wink, wink, nod, nod
player - You don't think this deal
was priced in to the accumulation and subsequent 20 cent rise in the share price over the last 2-3 weeks? Seems so. Also explains why no one is 'selling the news'.
Root - Why do you say that?
Do you mean VSC is next for this company, or another? I'm not even sure what these two products are!
player - Of course, most of this selling
has been on extremely low volume. That to me seems like nervous newbies and small holders, coupled with tax selling in Dec.
If there were huge concerns, other than more delay, well, I can't imagine how low we'd be. Last time we were ONE DAY away from 30, and somehow they got it to close over $1. Let's se how resourceful Solms is, without the benefit of a honeymoon period.
player - I would go so far as to say,
if they closed ANY big deal right before the holiday, and felt a PR would be lost, we would see it announced on Monday or Tuesday. Otherwise, 'stand by for those announcements'.
duke - If ever a case of
the company who cried wolf, this is it, far and away. I don't think that people necessarily don't believe Solms, they have just reached their limit on gullibility. If Solms lands a big deal or two, folks will be buying with both hands, imo.
alea - A question.
So, you think Wave can not claim to solve ALL the problems? Fair enough, but does having everything TPM'd and SED'd make it a lot more difficult?
In other words, if a burglar is in your neighborhood, and you have a dog that barks, does that prevent a break-in? Well, they could just shoot the dog, but chances are they will just go to the next house without a dog. See where I'm going?
ps. What the hell are you doing up before 6?
Anyone else notice the Wave ad on top of this page?
Link takes you to wave.com
Too much of a good thing can be bad.
Even optimism.
Hi alea
It should have been a huge red flag when Wave closed no follow on deals after the four biggies. All water over the dam now, but not forgotten. Being in sales, if you can't use the 'me too' approach, there's a problem with the product.
it’s up to us now to do those last steps of execution in the final remaining weeks of this quarter and to roll that success into 2015.
roll that success into 2015
Strong words. He's got to have something in his pocket, he just hasn't shown to be misleading or overly optimistic.
Blue - As much as it pains me
to admit you were right about Sprague all along, I will. But your ability to expound on a single point of data (SKS lied), is breathtaking.
And then you go off the rails when you make a statement like "As a result, Wave hangs by the slenderest of threads, dangling above the precipice with no salvation in immediate sight. Ah, Solms is still saying BE by the end of Q4. That wouldn't qualify as salvation to you? Or did you go in to your default negative Wave world view?
You suffer from almost the same thing SKS does....a lack of credibility from mixing truth and your version of the truth.
Machiavelli, barge?
Well, in this instance, there was never an end that justified the means. Maybe at the beginning that was more acceptable, but after the GM deal, it became lies perpetuated by an inflated ego. Feel free to disagree, but you're kind of in an echo chamber.
barge - An excellent defense of SKS.
Now, defend the lying part. THAT'S what most people are upset about. He KEPT SAYING the pipeline was full. Of what? Sewage?
Most smart people don't blame Sprague for TPM in-activation.
Only responding to your umpteenth
defense of the man. That didn't seem real original, either.
Do I have anything original to add? Hmmmm, how's this.... I find it very ironic that the man we are counting on now to be a straight shooter is known as BS.
This is it, exactly.
..otherwise it simply sounds like sour grapes for personal losses..
Right. Because that's the reason to be here; making money. Not hero worship or technical awe. So yes, SKS lied and we all lost. Not because we were too dumb to sell, we were misled. And that will be his legacy to all but the most sycophantic. Sometimes, the grapes ARE sour, lets hope BS makes them in to a fine cabernet.
wavey - You may have missed tkc's
take on the number, but if he's right and Wave recognizes 1.6 mil in defrev, they are almost certain to top 5 million. Could get to 6 mil if the normal revs are 4.5 AND they recognize.
wavey - I think the base was already at around 1.15.
Then, when no announced deals were made by 10/31, it drifted under $1 (exactly as I predicted in recent weeks). This PR gets us more solidly to the base, IMO.
dig - I agree.
You have a good eye for nuance, which most times has to suffice in absence of numbers on a page.