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57 cents pre-reverse split, in my mind an excellent opportunity for Mr Gilder to average down on his buy which is about 8 months ago or so. And if I recall the last insider to buy any stock on the open market.
The gold standard for interoperability and trusted computing, and the entire universe of security mavens is saying no thank you to the common stock? Hmm.
ispro....who said it was'nt appreciated? if he did'nt post it I would not have replied! What's not appreciated on this ever so democratic board is dissent.
pre split 60 cents. fact.
oknpv...why is it when the price goes down as much as it did today on low volume it's not at all significant,and we are told by folks like yourself that it's "weak hands" capitulating and no need for concern. But when the price goes up 7 cents on low volume the mood here is something coming?
It's the same old double standard.
Fact. we are 60 cents on a pre split basis. that's a fact. If you think it's weak hands and the gold standard for trusted computing is wave, then back up the truck, re-fi the house, and walk the walk.
If not please no more "analysis of daily trading, it's so old.
60 cents pre split . fact.
Is that the best dutton can do for wave? that "strong spec. buy" rating is still a buck and a half on a pre split basis. big deal.
$4.50 sound impressive until you put it in perspective on a pre split basis. am I missing something?
Now that the funding is taken care of, where is the insider accumulation? 66 cents on a pre split basis.
seems cheap for a company that the sra guy said was a "historic opportunity>"
waverider did you purcase ets funtionality? you state 2800 $ fully loaded.
This is not an atagonistic post. "Does anyone here either at work or home own a new gateway, hp, or dell laptop that has a tpm capabiltiy? Have you or your firm purchased the upgrade? How much did it cost? does it deliver what is promises? When I state upgrade of course I mean the wave product. thanks.
1;3 is quite interesting. At 1.65 it won't take much to send the price under a buck, a 1:4 would provide a larger cushion that one would assume would give a longer life line to staying above a buck for nasdaq compliance, which management argues is essential.
so why 1:3 rather than 1:4 ? If the bod is a proxy for management then one must assume that news favorable to the company is forthcoming. It's possible that not one but a series of positive announcements would explain it, but with wave one never knows.
The difference between 1.65 for the 1:3 and 2.20 for the 1:4 is significant.
Maybe 2.20 is too easy for those who trade short, while 1.65 trims some excess, and is a compromise for a bod who may of been divided on which ratio was best.
Snackman..I doubt that you will believe the following statement, but here goes..." I would be delighted, relieved, humbled, and apologetic if wave succeeds. I hope you are right, but I would be less than honest if I said that after meeting steve and listening to his statements and witnessing his actions over the last few years I have any confidence that they will for the shareholders. Good luck, I just respectfully disagree with you.
Snackman..that's it?. I have no intention of shorting anything. Just refute my observations with facts. Show me how the post shm carry over got people rushing to load up at these prices? something is very out of whack...are investors waiting to get in at lower prices? how much lower can wave go?
Snackman..of course sra is going to be bullish, that's how they make money, get the price up to increase the spread for the private placement investors. how does that benefit the shareholder? It does'nt and never has. Management makes out with a re-loaded check book, the investors get a guaranteed built in profit. not bad. please where is the shareholder in all this?
And please enough with the veiled references like a company with an "I". Has any of your prognostications ever come true.
June is ours?... If that June was if fact ours( was that 4 or 5 years ago). would we be at 55 cents? Spent 285 million, and need a rs to keep it going?
All ceo's are bullish. do you think steve is going to get up at any shm and say times are tough?
Snackman,,,If the split goes 4:1 how will wave thwart the shorts from pushing this under. I just don't get it.At 2 bucks does steve think that at 80 or 90 cents he can still do a private placement?
that's like being shorted twice, first by the shorts, and second by the company.
If that happens the investment value for the shareholders has been devastated.
But of course, for the management, lots of money to do with as they see fit. I just can't see doing a rs before good earnings. it makes sense only if earning are weak, and so it goes. Would not good earning attract investors who want a piece or the standard for trusted computing, and support the post split price?
Wash...Great post, sks so upbeat! Future looks awesome! Insider accumulation should be a no brainer! No split needed ! Huge revenue stream around the corner! Wavexpress the next big thing!
Raises and bonuses all around!
cubic, diebold, hey even finread, what will they do with all that money?
Hi Whitewash..you commented earlier that the large position that the spragues have in stock, argues their sincerity and resolve.
I beg to differ. I don't think steve, peter, michael, give a rat's behind for that paper.
the paper they value is the one with the president's picture.
you see its all about the money.
Big paydays, and bonusues, private placements to reload the checkbook to keep the real paper going.
As far as your comments about clueless wall street, never thought they were adverse to making easy money, maybe you know something everyone else does'nt.
Look at the volume, this stock is toxic, no one is going to touch it, unless they see significant revenue. the consensus is they won't.
One last thing about you and barge, why so negative about the shorts? All they are doing is trying to make a buck, is'nt that what the longs are doing as well.?
Whitewash, I totally agree. All the spragues are sleeping with smiles on their faces. they made millions.they pulled it off. only in america.
Dig..It's always been about the spragues. shareholders are a necessary inconvenience in accumlating un earned wealth for a publicly traded company. Will there be ANYONE at the shm beside me to aggressively question their conduct? please I can't do this alone.
Jaybeaux...Do you think that there is little difference between a private placement by insiders, and shorting by outsiders?
think about it. Insiders deliberately reduce the value of their stock to make money. Sounds like what shorts do, and yet shorts are perceived as the "bad guys" and insideres who make the deals and then reap exorbident salaries and bonuses, are considered prudent exectutives looking out for the shareholders.
Weby..I refer you to page 3 of the proxy, paragraph 2.
"The actual timing for the implementation if any, of the reverse stock split will be determined by the board of directors. After the special meeting the board may determine that it is not in the best interest of the company and it's stockholders to implement the reverse stock split, in which case the board would abandon all of the proposed amendments."
Jaybeaux..Page 6 of the proxy. ""upon effectiveness of the reverse stock split, the number of authorized shares of our class A common stock that are not issued and outstanding would increase from approximately 41,194,000 to approximately 95,597,00, 113,731,000 or 122,798,000 shares depending on whether the split ratio determined by the board of directors is 1:2, 1:3 or 1:4, respectively."
Thats an increase not a decrease. It's complicated to me but that how it works. bottom line, issue more stock, print more money.
Keep the salaries and bonuses going. unbelievable.
You gotta love wavespeak..This is too funny. Page 5 of the proxy.
Paragraph 2. " In addition,in determining to authorize the reverse split, the board considered that a sustained* higher per share price of the Company's common stock, which may result from a reverse split miight heighted the interest of the financial community in the Company, and potentially broaden the pool of investors that may consider investing in the Company."
GIVE ME A BREAK!!! gee Alice, how about buying some of that wave stock we coulda had it 65cents, but it's lookin' so tasty at $2.35."
Steve, you got the stables, the custom built house, let's call it a day.
Just received the proxy. It appears that once the prop. is approved wave can choose at it's own discretion when to activate the reverse.
Also please not that the authorized number of shares INCREASES, in this reverse not decrease, so a private placement generating signicant sums of money for the sprague's continuing charade is alive and well. I voted no. steve, show us some revenue already, you've had $285 mil of ammo, if that is'nt enough what is.
It all about the spragues. By the way, if the future is so rosy, where are the buyers, 65cents? a tomato costs more. (native).
cosmo..call or write to wave systems corp
480 pleasant st, lee ma 01238
ph 413 243 1600
fax 413 243 0045
also Jaffoni collins
212 835 8500
investor relations
Cosmo..no pun intended but are you visting from another planet?
Again, Annual report page 20.
"The focus of the investigation is on certain public statements made by Wave during and around August 2003*, as well as certain trading in Wave's securities during that time'"
*My understanding is the trading relates to news whose accuracy and timing as it relates to massive selling by steve sprague, and gerald feeney, is under investigation by the sec.
Please, don't post to me it's unecessary,
read the quarterly conference call transcripts, and the 2005 annual report, it's all there.
Today 66 cents. tommorrow?
Cosmo....READ THE ANNUAL REPORT FOR SANTA'S SAKE!!!!!
Page 19.
"The SEC has commenced a formal investigation into certain matters related to Wave'"
.....An adverse resolution of the investigation may have a negative effect on our financial condition and operating results....."
Get the facts.
New Wave,,Just read the annual report in it's entirety, look at the share price, sec investigtions, the two (so far) lawsuits, no revenue, and the way the spragues have paid themselves and misled the shareholders,
And as a added bonus look at the insiders and how they are loading up on this stock(not)
Stay in denial, don't accept your loses, it's a free country happy 4th
Hey Barge..I just finished reading your post 441 over on the other board. "Wave is just about to be scorching Hot" your quote.
If so why would'nt the whole company be snapped up? It's so reasonable at 66 cents. A bargain for a company that will be the open standard for trusted computing.
give it a rest. Your relieving yourself in wind that is coming right at you. And your comment about eager new investors being denied your quality dd. That dog and pony show is over.
The truth is the spragues are milking this for every cent they can squeeze out of this. 284 million already pissed away. revenues virtually nonexistent. bonuses, loans, and a host of egregious and slimy behavior by management. two lawsuits both moving ahead.
the fat lady is about to sing. As long as matt allows for fair and non vulgar posts expressing the truth about this racket, you will never dominate that forum with only your point of view. Happy 4th.
Trusty...Here's the scenario that I believe you will eventually witness.
The reverse split will happen.
A private placement will follow.
A drop in stock price will follow that( how else can their cronies feed on this without locked in profit?)
What's left of the carcass will be pounded by the shorts, no revs, no support, that's a FACT.
For dessert the creme brulee of all things sprague.
they will lose one or both of the class actions suits, and use the money that is left after a grab with bonuses, to pay off the plaintiffs.
game set match.
These people don't give a rat's ass about the shareholders
If they did don't you think they would live frugally and preserve capital for the company, instead of loans, bonuses, and a lavish lifestyle.
With all due respect, I believe you can't accept the prognosis as it is so devastating to you financially.
I've told you this so, so many times I hope I'm wrong, I know I'm not.
Please read the annual report in it's entirety. I've just finished it. How a group of people transparantly serving their own interests
like the spragues, can get away with what they have done with shelf registrations, private placements, bonuses, and self dealing is outrageous to put it mildly, wavoid or basher, or in between, just read the report, it made me sick.
Snackman gets it!!! For the first time I totally agree with you!
wave can't go bankrupt.
they just dissolve the corportion sell off whatever assets they have and head for the stables.
2leelake...every time I've seen some poster crowing about how they just bought at the bottom, guess what it goes lower. you can look it up.
Snackman..what else can you possibly say? you and your "friends". are on the hook for 3 mill shares. what are you going to say "maybe I was wrong"? What would your friends say to that?. No matter what, you are chained to this stock for better or worse.
Snackman,,,you said and I quote "we are on the cusp of success"..can you explain that.
Warning to newbies....Don't under any circumstances "buy" into the shamless hype being presented here the last few days regarding xbox. It is typical of these posters to attempt to create a "hysteria" on what they call DD, and what I call BS.
If it turns out that tpm 1.2 and wave are bundled into the xbox architecture you'll have plenty of opportunity to buy this "investment of a lifetime". Buyer Beware.
Will Gilder average down on his measley 25K.?
Jaybeaux...My guess it's screwing your shareholders, a la, tyco, enron, mci, wav........
Trusty,, the fatlady is rehearsing, I can hear her not so distant and plaintive cry.
trustcousa...A buyout? by who ? What ceo would go to his or her bod and shareholders and pitch a buyout of a company with zero rev. and virtually zero deployment? Only someone like sks would buy wave, and we know his acumen for numbers.
mymoneybe.....on point/eom
Doma..after reading your post, one can only assume that wave's prospects are brighter than ever! and at .84 cents I expect you'll be backing up the truck tomorrow...Good Luck!!
Waverider...the fat lady sings when the all the authorized stock is issued and sold. Keep the folks in lee well fed!
It's not about you!