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And if they adopted those standards and used the products manufactured to those standards who might benefit? Everyone.
Including Dell and Wave. The fact that all the members would benefit shouldn't preclude Dell and Wave, correct? What am I missing?
nomad
The point is, as a member of the Trusted Computing Group, NOT being able to say, all of our members are in the process of implementing our technology says everything to the Market....I've made it a point for years to say that as a member of Amway every member used the product...Wave Systems should be comfortable saying that every member of the Trusted Computing Group is at least in trials of our software...instant credibility. Without acknowledging that this is an issue makes bluefang look wise, and makes Wave Systems look foolish. To proclaim difficulty in getting enterprises to adopt this technology when there are 200 members of a group supposedly on board with its development defines the disconnect between what is being said and what common sense says should be said. It makes no sense to talk about slow adoption when 200 members of your club are some of the largest potential enterprises in the world, and they aren't even in trial? Give me a break...
Nomad
Player,
Management has proposed allowing them to give away 1.2% of the company to an individual. May 5, 1999 one of their partners, SIGM was $3.54, what I neglected to post was WAVX adjusted price May 6, 1999 was 62.25. This is the perspective that has created the over reaction to the options proposal as much if not more than anything else for me. "Just do what you say and we will trust you will. Say one thing and do another, and we'll never trust your word again." Be clear, concise and do what you say.... I will respect you forever.
Sincerely,
NOmad
29,
How can this simple, common sense bit of information be so difficult to absorb boggles my mind. Thanks,
NOmad
Tsunami07,
Interesting that Jan 5, 1999 if you'd bought SIGM in equal numbers of shares of WAVX you'd be up by a factor of 8+. Compute that and you either wouldn't be here or it wouldn't matter so much. Truly,
Nomad
Doma,
For many of us, the point is more, as a partner would you give your partner the potential for a greater percentage of your business than you have, based on justification for that opportunity for a greater percentage being I haven't screwed you as thoroughly in the past so trust that I won't in the future. Or, how about you give me your wallet, and trust that I won't use your credit card because I've not used it before. I don't want anyone to have the opportunity to have the potential to screw me, so I'm voting no to confirm and verify the trust that I have for management. And if it's good enough for Reagan to trust but verify, it's good enough for me.
Nomad
BBigtim,
Clearly articulated. And spoken without the need for emotional outbursts. Adding to the respect that defines most who read your words. Thanks again,
Nomad
Weby,
No vote, based on your words could be more fair, just, right, within the spirit of this community. We've defined the issues clearly, we've been cajoled, threatened, manipulated all to get us to do something common sense says should never have been presented let alone passed with a Yes vote. Clearly even the most rabid Wavoid cannot with good conscience vote for something so contradictory to common sense.
Thank you for the forum, Snackman, and thank you for the opportunity to voice my opinion. Tough for the other board to define this board in the future, as it has in the past. This proves the value of what We've built here. Would the Trusted Computing Paradigm shift be built so well.
Lastly, I think we should pat ourselves on the back for participating in a process so purely democratic and congratulations to whoever prevails.
Sincerely,
Nomad
Thank you sir,
Nomad
Thank you,
and the feeling is mutual.
Nomad
Gotcha
Thank you,
Nomad
Snackman,
With respect, if Management wants their options plan to be increased 500K they need to increase the shareprice to the point where there is a 3-1 split...voila' done...anything else reeks of all the things you say they aren't. And shouldn't the pain of the dilution and reverse split be born equally by the Board as well as the shareholders? Don't we deserve the same consideration? And if not, why not? And shouldn't the gain be shared as equally as the pain among us all? We're in this together, correct?
I want my 33,333 shares to become 100K. I expect everyone else would like 3X the shares they currently have, and we'd like it without giving it a thought. Just like Management would. We're focused on the wrong thing, grow the company, the shares will grow as they split with success, just like they shrank with dilution. You can't have it both ways, and that's what they are asking for. No matter how intelligent the argument or abusive the adjectives describing the collective inability to see your side.
I would vote Yes in a minute if this increase in the option pool was tied to the first forward 3-1 split. That makes sense. Off to the cardialogist to check on the 4 new stents I received Easter.
Nomad
Ramsey,
It's not scary, the 500K shares was DILUTED and reduced by a factor of three along with the rest of the 120 million shares of OUR stock, and to be fair they should increase the plan to 500K AT THE FIRST FORWARD SPLIT OF 3 TO 1. It's a fairness issue, that I'm sure you can see.
sincerely,
NOmad
Just so I Understand what's happening here. In 1998 with 30-39 Million shares the option pool was 500K. During that period of time our 39 million shares were diluted by a factor of three to 117 Million or so, a reverse split reduces our shares of our reduced value to one/third of their original number and that of the option pool and Management wants to increase their option pool back to pre-reverse split numbers right before the stock price Might return to 1999-2000 value. Wow!!!!! And having been busted their excuse is it would be too expensive to change it? Wow! Not a chance.
Unbelievable Nomad
Unc,
Nothing but true words...clear, true words.
Thanks,
Still voting NO
NOmad
Weby,
As much trust and respect as you have as a member of this community, none of it is going to rub off on Wavx Management after their response. Despite your calm words. Saying it will take money to change it, so vote Yes, just means you didn't catch us early enough along in the process, so you HAVE to let it go. Another self-serving way of intimating impatience that they have to deal with us at all, instead of respecting that our partnership with Management for 10 years has provided them with the opportunity to become wildly rich and successful. Well, Excuse me.....I still vote no. And resent their inference that we're stupid enough to buy an excuse my teenage grandkids would smirk at.
I don't believe it serves the interests of the shareholders. I also believe it perpetuates the perception that Management really is out for themselves, whether true or not. And without clear, specific direct need to be addressed by this action, such as the reverse split needs to occur to keep us on NASDAQ, then the only reasonable response should be, either come up with a reasonable rational common sense need for the action, and get your YES vote, or go pound salt, as my Dad used to say.
Nomad
RWK,
Thank you for this post.
Nomad
Whitewash,
I believe attitude always counts. Feeney's apparent air of superiority grates on me in Unc's telling as much as the presumed air of superiority exhibited by the bod in their option request. Both presume a lack of accountability. Steven's response if his actions follow his words will go a long way to calming the waters. But I dare say Feeney's response to Unclever would never have come out of the mouth of Warren Buffett. Hence the resentment for me.
Nomad
Just to be clear,
Nomad votes no on the option proposal as do the votes he is related to.
Nomad
Snackman,
Again, thanks for being a leader. We appreciate your efforts on our behalf. Your words and actions are consistent. We applaud you. We also wish that consistency in our CEO. Thanks again
Nomad
Snackman,
Could it not also give mgmt the opportunity to take the Company Private?
cheers,
Nomad
From Nomad to DRM
Nothing but the absolute truth.
Nomad
Ambler,
It would be sad if it took share price appreciation to define how special this community is. For a decade, that I've been a lurker, that hasn't been the case, and periodically Weby will turn his vision backward, and in his special way, describe what so far has been a financially fruitless process. And he will describe the wealth of human relationships formed here, and the bond formed defending the back of one of your fellow wavoids. Good stuff...before what we believe will be the business success. I've stated for years, the story of the wavoids is the real story of the internet at it's best...and the social internet interacting and relationship building for our grandchildren will be even more special...It about started here...with this community. No one knows that yet...It won't be on 60 minutes until the wealth/forward splits/etc are well along. Berkshire-Hathaway and Warren Buffett did it first...
Nomad
RE: an article about wavx investors
Vaca house,
Respectfully I disagree. This board and its 900 or so inhabitants are a unique, social experience regardless of the redeeming value to human kind of the technology. The internet experience tied to the transparency and immediate information flow tied to investing as a process puts mom and dad in the same ring as professionals. Add the anonymity (for good or bad) and the character of those willing to share, and I believe this is one of the most unique on-line experiences one could experience in a lifetime.
Celebrating my 9th year of experiencing, both interactively but mostly passively as a lurker, barge's lust for life, awk, doma, weby ( a personal favorite) the snackster, the drm and his story, duchess (the saddest of them all), hamhock, btorking, pluvia, and the whole cast of characters, with special thanks to wavxmaster, hoping that redbeard is vindicated in his belief having suffered through his illness, and thanking all for the education...moving from silicon investor to here...hence the moniker...nomad thank you each and every one....
Dude,
While Weby (love you man!) talks in Macro terms and while I love this board for everything they bring, having kept me in a stock that my gut still gurgles about...part of the challenge in staying invested is the reality, whether real or imagined, that most real companies aren't going to announce how they are securing their companies network...let alone World Governments...ours or anyone else's...hence the faith aspect...hence the stealth...hence the need for money defining the success of this company...hence the ease with which the darlings over on Yahoo can smack our progress...it's shadows and suggestions, and projections and hoping...belief and trust...something in this world that is horribly difficult to accept...especially in this time and place...Gilder suggested in 1995 that there would be a need for dark fiber because of the coming telecom convergence...ooops...HDTV is upon us. ELEVEN YEARS LATER ITS STARTING...and the fiber optic march starts...and in lockstep with that movement is the need for society to confirm "you are who you say you are"...it is just a matter of time...
Nomad
Thank you sir,
And I do believe, that the game is afoot, or is that a cleat?
The game is just starting...in the first inning...the first out has yet to be recorded...we've been fixin' to play in the show for 18 years...setting the stage for the big show...and thanks again for the weby's...sincerely and respectfully,
Nomad
rachelelise,
For example, bwng did a 10 for 1 in 2004, went down, now its going up...
got to have good fundamentals, I bet...cheers,
Nomad
Enterprises First...
Spent time in Amway decades ago...first thing they did with a new member was have them try the product. The Trusted Computing Group is made up of 130 Enterprises who we should all assume will be or are in the process of trying the Trusted Computing Group products like Embassy or am I missing something? Liberty Alliance is a group of Enterprises...we've ties with them. Our Partners, including Dell and Intel, if either of them declared they had tried the whole embassy enchilada we would be over a buck in a day...or am I missing something...thanks for all you all do dd wise...
Nomad
Snackman,
No matter what...understand, you've affected hundreds of people for the better, nothing can be said about the negative ones except, what you see is what you get...
Nomad
Weby,
No matter the noise, no matter the weather, this CC was clear and intimate in a way I'd never heard before...no grandstanding, no wild "We're gonna be rich" bull...., this was a conversation with a maturing CEO who in my mind is just grasping the enormity of what it is that he's gotten in to...and the fun is,...he's liking it...and I think before too long, the surprises that he made sure we wouldn't get an inkling of...which is a really weby thang, will start to appear and Steven, having grown up, will understand it's ok to be surprised with the family when the stuff you've been working on for 20 years, happens...ooops, it worked!
Nomad
helpful...
The clearest definition of the development of a star...the world changes, the tune remains the same...we just need to wait for the world to turn...and it's turning and changing constantly...this is why you buy ahead of the market...smart people do this like the wavoids...and the bashers will always be there...no matter...Thank you helpful for being clear about what is really occuring here...cheers,
Nomad
Happy New Year to all Wavoids,
The best investment family ever...Steven Sprague should be proud, and the investors wealthy...cheers,
Nomad
Ispro,
Thanks for the update from Europe.
We all needed confirmation of the slog...it's the stagnation that frustrates us all. It sounds very positive.
This has been the stock experience of a lifetime. However it turns out. Reading some of the most intelligent people I've ever encountered on a stock forum is priceless. The benefits to society when this develops will be monumental. Thanks again.
Nomad
Larry,
Of course you do.
Nomad
Greg,
It's moot until it's a public point...at which point we'll know the point and you'll either have a point or your point will be pointless. (Thank you, Weby...I'm getting better)
Nomad
Eamon,
It just doesn't matter, it just doesn't matter, it just doesn't matter!!! (Bill Murray)
Nomad
Trust,
You presume the market knows...the market reacts...it never predicts...IT IS Coming...we just don't know WHAT is coming.
Nomad
Barge,
Thank you...it takes ball bearings to tell it like it is.
Nomad