Snackman
You wrote to ZZT-Bone to ask SKS for more information. What would that solve? We would then have another prediction from SKS, and we know how the previous ones have gone-regardless of the authors of said predictions. Why ask for more in this way?
I don't intend this as a criticism, instead I would like to point out that saying that we are unhappy with past disclosures and projections-and then asking for more of the same-is like pounding your head into a concrete wall. You get the same result, with ever increasing pain. I realize that you were simply saying quit whining, etc. and ask the questions yourself. I suppose I am more directing this at those who like ZZT-Bone repeatedly ask for these disclosures and projections.
I am a little puzzled as to the tone of the criticism of SKS. Should we note that he has been wrong in the past? Yes. Should we interpret that as lies, deceipt, or incompetence? No. After all, we ASK for the predictions.
What would we have SKS do? Not answer a request for info? No. Instead, he gives his best estimation, given what he knows at that moment, assuming that he is allowed to disclose the info. WE then take that and run with it as if it is gospel.
Would we rather that SKS said something like "I think the Seagate deal could be done by xxx date, but any number of things could interfere until then to delay it-and in fact, the TCG adoption is still so early that all of this could easily be derailed."
Would that serve our interests as investors of Wave? Think back to the one time that SKS made such a statement. Remember? He said that you should not yet "bet the house" on Wave a few years back. What happened to the share price? It tanked.
SKS is trying to do the best that he can for Wave investors. He and his management team choose to make statements that they think will help Wave's interests. Are we really surprised by that?
Should we take it as gospel? No-for two reasons: First, SKS, by the nature of his position, is going to be very positive in his statements about Wave's prospects. It's what a CEO should do. (Up to a point, of course) Second, the market is still embryonic. For example, we don't even know what we are likely to realize from our relationship with Dell because of old product lines phasing out and new ones replacing them.
Bottom line, it is too soon for solid numbers in any phase of Wave's situation. In addition, too much gamesmanship goes on in contract negotiations to assume that a deal is done until it is signed. Ever been bait-and-switched at the car dealer? Who knows what could be happening in deal negotiation? Only those in the room. And often, public statements can be counter productive while negotiations are ongoing.
All we can do is wait. And, unfortunately we can't change that.
Meanwhile, might I suggest the Serenity Prayer?
God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference...
Hope you have a peaceful night
AI
