Wave Systems Corp. (fka WAVXQ)

[michael usa]

CPA

If the company stated that they were going to sell 3,000,000 chips by the end of 1999 and it didn't happen that would constitute a PIE-IN-THE-SKY statement.

Now they are telling us that they will break- even in 2004 . Is this statement supposed to be teken seriously by the long suffering shareholders?

The answer is that the blinded holdover shareholders from 2000 are going to believe ANYTHING the company says because they are gropping at straws and want to be bailed out of a losing investment position, but the newer potential investors are not going to be convinced so easily by the grandiose statements that the world can't do without what this company is supposed to have.

And certainly not "the Street"! To say that the street "is stupid" for not believing everything this company says is ridiculous. " The street" has been very smart and I even should say ASTUTE in considering this stock. After all it convinced the amateur "investors" to pay up to $ 50 back in 2000.

So you see it is not "the street " who is foolish and STUPID but you yourselves that overpayed for this.