Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

That still does not address why DELL would spend resources on a company in 2012 with MSFT poised to run everyone out of the gym. On top of that to unseat a technology they were putting inside their boxes.

I found a press release that said in in December 2012 this
"Credant currently secures more than two million endpoints with customers across a variety of industries ranging from retail to financial services to healthcare, among others."

There is no way in hell that Wave had this type of headway into the markets at all.


Credant was a company that was routinely and roundly derided by the pumperatti as being a lesser solution and they kicked wave's ass period. They certainly did not have the push that wave had. They didn't become a company until 2001 I believe.

Here is another kick in the groin for the former wave investors.

From what I could find Credant only raised around 21M to fund the company from 2002 to 2009.

Those running the company profited on the largesse of the shareholder base and the naivete of these same investors.

There is no denying that those on the boards who provided the information about the company were operating in waters that only went one way. There was very little in coverage that was not paid for by the company itself. The people that presented this information to the board in many cases only knew what they had learned by reading and what they googled since they did not actually work in this field. Those who did work in the field were run off the boards, the coverage that came down as negative was derided and those who saw red flags were denied the opportunity to voice that opinion in the same fashion as those self anointed gurus for fear that there was some sinister agenda those posters held that was going to damage the shareholder psyche. "they are only trying to pry the shares from the weak hands" was a classic.

Those on the boards and those inside the company played the investors for all it was worth.

It was like trying to kick a door down of a house on fire only to have those trapped on the inside being told to barricade the entrance.