Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

On thing that always amazed me in my time watching this company was the sheer disconnect between the shareholders and their thirst for owning shares and the performance of the company and what they expected.

There are holders who control a huge amount of shares, far more than some institutions and certainly in control of far more than any salaried person inside the company.

I never understood the need to continue to buy given the uncertainty and given the expected outcome predicted by most shareholders-although not in the recent past.

If the company was to do what was predicted I often suspected a core position of 25,000 shares would have provided a nice return while also allowing the company to become established and entrenched which would have warranted acquiring more shares buying on the dips.

To me the larger positions were not warranted, even though some wanted to rebuild positions, the RS signaled a huge warning flag and the risk too great.

It's quite apparent the pull of the story and greed were given far greater credence that what was actually transpiring financially. Numbers matter. Feel good stories and feel good pro shareholder boards not so much.