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Please post a link where it says they are paying off the bridge loan with stock.
To make that statement without facts is not your style. Very surprised.
The 8K does not say that.
It also says there will be no variations to this tender and Wave is the only company that satisfies this tender. You will see, no need to take my word for it. You wouldn't anyway.
Deutsche Bahn
Deutsche Bahn (the German state railway) just released a public tender for a cybersecurity solution that offers Virtual Smart Card AND TPM management AND SED management AND Bitlocker management AND it must all work on Windows7.
What effect in any with this have with Wave? A very important fact here is THAT IT MUST WORK ON WINDOWS 7. I believe Wave is the only one that has the software for what Deutsche Bahn cybersecurity solution needs to work.
Full RFP translation
https://bieterportal.noncd.db.de/portal/Disclosure/DetailLegal?cryptedId=yqpJIu3poBkc-9D22ybwT6nm8Yxjmu9p
Deutsche Bahn
When you say Wave is deep in the running for this tender I don't believe any other company can do the things this tender requires. It was tailor made for Wave.
In my opinion, this will be a deal for Wave.
When the tender close November 23rd, hopefully an announcement will come shortly after that.
After November 23rd, you will see how smart it was to buy the shares at $.15 OO YEA
I'm very happy for you. I wish you much success with this penny stock.
You always do, even if it's not correct. So be it. You are allowed your opinion. Would be nice to see some facts sometimes however.
You tell me. You are the one that said there were zero sales. Prove it.
How do you know that? Just because there has not been an announcement, that does not mean that there have not been sales.
Maybe you should read it again
a separate paragraph stating that "the Company has suffered recurring losses from operations and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern.
They only resigned because they have doubts about it being a going concern, that is the only reason. Read the 8K again.
During the years ended December 31, 2014 and 2013, and the subsequent interim period through September 28, 2015, there were no: (1) disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to their satisfaction would have caused them to make reference in connection with their opinion to the subject matter of the disagreement, or (2) reportable events as defined in Item 304(a)(1)(v) of Regulation S-K except as described below with respect to the material weakness in 2013. The audit reports of KPMG on the consolidated financial statements of the Company as of and for the years ended December 31, 2014 and 2013 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, except for:
http://archive.fast-edgar.com//20151002/ATZRP22CO222NJ4Z2C2Q2ZZ2AHMKZ22HZ272/
O.K. I see where you stand right now regarding lies and opinions.
I'm done. You can have the last word.
Take care
You call opinions lies, I don't
Please stipulate what you consider lies and not opinions by the CEO.
IF he is a liar, as YOU say, shouldn't he be reported to the SEC for criminal activity?
Then report him to the SEC.
Simply to do it you think he is a liar. Otherwise, he is not a liar. If he was, someone would report him to the SEC for criminal activity.
I believe Bill Solms is a upright guy. Things have not gone his way, but he has not lied, ever. He is a stand up guy trying his best to make Wave work.
Anyone, and I say ANYONE, that had taken over the CEO two years ago would have faced the same problems Solms has. He is trying his best, and for you to call him a liar, is shameful.
We can agree to disagree then.
If you really believe he lied outright, why don't you report him to the SEC? Sort of putting your money where your mouth is.
There is a difference between lying and missing an opportunity that he thought was there.
The shareholders were screaming for guidance and information, so Bill was trying to accommodate with what he thought was coming.
If he was lying, as you put it, I am sure the SEC would come down on him and Wave.
Why don't you write the SEC and tell them Bill has been lying instead of posting this on this thread? That would seem to make the most sense if you think he is lying and causing a crime.
Player, thanks.
Sorry, you are correct. There are about 17,000 shares holders that hold 59 million shares. That being said, can a sale be had without the approval of those 59 million shares from the 17,000 shareholders?
In other words, can a sale be had with just the class B shareholders, bypassing the class A shareholders?
So, I guess what you are saying is that the 59 million class A shareholders can not prevent a sale if they voted against an offer of say $.10? Is that what you are saying?
Do you know how many class B shares there are in total, and how do they distribute them? Do they have to be paid for, or does the BOD approve distribution free?
Please explain
Additionally, if the BoD decide to distribute those additional Class B shares to get what they want, they will.
Are you saying they don't need the class A shareholders to complete a sale?
Player, thanks. So the 8885 shares of Class B stock has 44,425 (5 times the number of class B shares) of voting rights verses the 59 million shares of class A stock that can vote.
Doesn't this mean a sale has to be approved by the class A shareholders and the Class B shareholders can not approve a sale without the Class A vote?
You seem to know a lot about Wave in your postings. Exactly how many "B" shares are there, and who owns them? TIA
If you want to listen to Wave's CC call tomorrow, the correct number to call is 800 734-8507
From you
Again, I do not believe there will be a Conference Call.
You can read my last 3-4 responses here.
http://investordiscussionboard.com/boards/wavx-0
San Jose Luncheon for June 18th Wave Systems shareholder's meeting.
I need to know exactly how many people are coming. I have to give a final count by tomorrow.
Here is who is coming:
Fullmoon(2),Ramspower,XAM321,beancounter,givelove,oro,escrow,lugan47,BQ,REM55,wavydog,WAVXALINMAN,lugnutz,
Ramsey,Internet,WM (2), Wildman (2),Nomad1, Golden De Mar and me.
If any of you on the list above can't make it, I need to know by tomorrow at the latest.
If any additional people would like to attend I need to know by tomorrow. The cost is $50.00, and you can pay when you enter the luncheon. I have already paid for the room and 20 people. I have to pay for any additional people before midnight Friday, so I need a final count.
If you decide to come, and you did not tell me you were coming, you will not be able to enter our private room, even if you tell me you are not there to eat lunch. I can't watch to see who eats and who does not eat. It would not be fair to those that paid, to let others in, that did not pay.
I can probably take an additional 2-3 people at the door, because the hotel will makes a little over run of food. If 2-3 do show up, I would not let anymore in after that.
It's going to be fun to catch up with people we only know by name. I have been lucky to have actually met most that are coming.
Please respond to this message by PM and not take up board space.
Thank you, see you in a week.
Let's talk about Wave's products again, before the end of the month.
Wave products are all dead.
That is yet to be a fact. I think you will be surprised very soon now.
It's a sale of a Wave Product!!
Then how did they just sell 2.3 million dollars worth?
BarMizvahBoy1, I do not believe Solms would do a dilution just so he could keep getting a salary. I think he is too honorable a man to do such a thing.
Therefore, I believe he did the dilution because he knows orders (revenues) are coming, and that is why he wants to keep the doors open.
As for selling the company, as Player suggests, who is going to buy Wave until they can show substantial revenues?
And if he knows some deals are coming he chose to dilute instead of closing the company down. Just my opinion.
If orders have been delayed what would you do to keep the doors open while you were waiting for a contract and or money? Not do a dilution?
Please tell me how you would keep the doors open.
Total fabrication. Not true. Please show link where Wave is reintroducing these two products.