Wave Systems Corp. (fka WAVXQ)

[Bluefang]

We are already paying the price for this latest dilution--which is more than it seems at first glance, IMO.

Given the widespread optimism greeting SKS's firing, and Solms's hiring, this use of the shelfie seems to confirm the extreme difficulty of selling Wave's products. I don't doubt the efforts, only the results--not much of anything.

Furthermore, IMO, this placement comes at a delicate time. What it signifies, IMO, is Wave's future, immediate and long term--is in peril.

The SP has already touched 60 cents.

This may be the last straw for some who held on despite the constant flow of bad news--the hollowness and emptiness of the alleged pipeline. All those pilots, not much uptake, if any.

Using the shelfie to fund ordinary expenses is simply more of the same and its use at this time validates the concerns expressed by some of us about Wave's inability to sell much of anything. The funding is a clear reminder, the only way forward for Wave is by taking even more from the shareholders.

And where is the Lt. Co. embracing the accountability he said he wanted? By hiding inside his bunker, quietly hoping this mess will go away? Is this the kind of leadership we expected? Silence is not an option, IMO. It will only deepen and worsen the crisis.

Another de-listing is in the works--that or a third reverse split--a slo-mo death spiral. Another market cap deficiency warning is not that far away--not that Wave needs any more problems. That one, I suspect, will be the coup de grace.

Here's Windbag Willie bloviating about leadership:

"Managing is effectively making sure things are going through the right processes, being done correctly, goals are being achieved, metrics are being watched. Leading is about inspiring and creating the vision and telling people why you’re doing it, making them motivated to do what you’re managing them to do."

From the Washington Post Nov. 10, 2013

http://www.washingtonpost.com/business/capitalbusiness/behind-the-career-william-solms/2013/11/08/0fecaf32-4700-11e3-b6f8-3782ff6cb769_story.html

Blue