As we approach the impending holiday season, I think I am going to step away for awhile. Not that I post so frequently that it is going to be missed. More like the everyday reading of the boards and the following of the stock fluctuations. The past CC opened my eyes, as did plenty of the posts here on the board.
I believe the company is EXACTLY where it needs to be in the marketplace today. The handshakes and partnerships from the past are beginning to show fruit. For those that warn we are being led down the wrong path, that management is incompetent, well hell it's too late now, because if that's the case this company is dead in the water right now. Given the money situation it's dead, and the proof will come with the financing. If the last round was so crappy, damn near worst terms you could possibly have, than if they suck so bad we won't get anything here. Why finance a sinking ship, right?
Wrong. We will get the financing deal done. When they go to get financing done there should be some sort of numbers the company will have on hand for the number of motherboards Intel has moved by this time, at the very least.
If I can take anything away from my involvement in owning this equity it will certainly be the education I received. So many things. Saw first hand through the eyes of many hear why margin on a volitile stock can kill you. I have been fortunate enough to understand never to invest more than one can lose and it has served me well here. I can't say the same for some other folks here. DIVERSIFY, DIVERSIFY,DIVERSIFY. Glad I understood this tenet, but I could see some folks hadn't. The manupulation is amusing on both sides. Funny how short and long guttersnip at one another when the object for both is the same, make a profit. We all have the same objective here, just different ways of achieving it. Just because somebody is shorting a stock does not make them a bad person, it is an investing strategy. Just like buy and hold, and dollar cost averaging. Don't lose site of this. If you didn't read the message boards, their words would be meaningless.
I am almost done here. Man there has been a lot of waffling here the last year. Back in January of 2000 I made my first investmnent in Wave stock. I think i bought 48 shares. You read that right 48. And I saw my money double in a week and I bought more and saw it go up again. And I bought some more. And watched it go down. Eventually I watched the stocked and slowly bought more as the price settled near the bottom. And here we are today. My point is this. I seem to sense a greater frustration now than I did when the stock dropped from 40's into the single digits and everyone was getting wiped out from stop lose execution and margin etc.. I can't figure this out. The company has shown tangible progress. Companies are displaying WAVE'S name on their web sites, and not only the other way around. You can even go to other vendors and buy a product that has our technology in it. Where was this when we were at 48 a share. NO WHERE. Let it sink in. We were available no where.
Yet here we are after another CC and people are disappointed. Was there a press release stating actual difinitive numbers that were shipped in the third quarter? Have we seen a press release with hard numbers of product shipped yet in the fourth quarter? Why on earth would any rational person think we would have any numbers of substance to report. I don't think IBM, HP and INTEL are going to feel magnanimous enough to just hand us a few hundred thousand so the book looks good to appease the restless shareholder. At this point take heart in the burn rate and the reduction in lose per share to the shareholders. Face it, that's all we got right now, and no long term debt. You should have bought this stock because of the technology, your belief in the eventual acceptance of that technology. We are seeing a market being created before our eyes. We are seeing the price of high speed access drop. This will also create a demand for security as the number of permanent IP ports increase.
In due time we will see our reward. And I know many here want to be here at the moment it comes to pass. It will be a watershed moment, life altering for many. The past few years have also been for some folks, but in the wrong way. Maybe it is time to step back for awhile. Wave isn't going anywhere. Through yourselves into the holidays with the same fervor you display on this board. I am sure your families and friends would truly appreciate it. A respite might also prove refreshing for some whose resolve has been shaken. This is the perfect time of the year to back away. Even though it is early, Happy Holidays to all.
Dave
AI
