Wave Systems Corp. (fka WAVXQ)

[SPIN]

im01 - re: making things up

there is a significant difference between making an error & making things up. i make errors all the time & admit to them & assure you i'll make more in the future. some voidiots love to gnash their teeth & chomp down on those as if some res ipsa indicia of "agenda" or whatever long buzzwords you elect to employ... sometimes it's just a case of making an error.

the PP was for $7M not 7M shares. you are correct, but the point about substantial sell-side overhang still certainly exists, albeit only 3.5M shares +/- (something on the order of around ten days worth of trading @ current volume). you can try to spin it positive all you want, it has no effect on me whatsoever.

i'd also like to see you be as vigilant in correcting everything posted by zealots which has not come to pass (or has been completely erroneous) & do so w/similar accusatory zeal. or maybe "correct" things like breakeven predictions that get moved out further & further every time mgmt speaks to the public...

howiever, i doubt that'd ever hauppen.

Snack, your subterfuge of whether mgmt made any money on the Founders' Shares is IMO a naked attempt to obfuscate the absolute fact that mgmt took a big slice of equity out of a subsidiary held in majority by a public company & did so w/zero consideration flowing back to the sub (or, of course, the public company &/or it's S/Hs). that alone IMO would have been sufficient basis for a derivative suit for breach of fiduciary duty. but i don't really care at this point...

AND they did it in a clandestine fashion which was only exposed months later in the fine print of an SEC filing.

but i don't really care... i don't hold the stock & wouldn't even consider it until the SEC's formal investigation is completed. in fact, IMO any person buying on the way down is very foolish for doing so if they do so w/funds from which they cannot afford to lose every last penny. (no, that is not "bashing," instead it is the reality that no one here knows what will come of the ongoing SEC investigation -- it may result in all sorts of bad tidings that turns your stock into worthless paper. Wave Systems could be destroyed or vindicated, it all remains to be seen & the upside reward is not even remotely correlative w/the obvious risks).

btw, if you think wavx could be halted & gap to $3.50 that is your perogative, irrespective of how incredibly unrealistic such conjecture might be. a trading halt & gap down below $1 *is* realistic based on other companies' equities response to SEC investigations into mgmt wrongdoing. but rest assured that i am not wishing for a wavx demise in the least).

again, i don't really care right now & the volume & frequency of my posts is (or at least should be) indicative of my sidelines position. i hope you all are made whole & zen some, but it looks increasingly unlikely despite some desperate puffery to the contrary.

there is a really nice bull market going on elsewhere if you hadn't noticed & i don't wanna revisit QDEK (which this is really beginning to resemble IMO).

good luck!

SPIN

PS also Snack, i think it would behoove you to consider reviewing the doctrine of actual malice as it relates to libel & slander of individuals who are public personas.

N4's use of the word "crony" is entirely accurate & hardly slanderous IMO & is not in any way a statement made w/reckless disregard for the truth (nor does it even come close to rising to the level needed to establish other required elements). Moreover, truth is an absolute defense in such matters.

cro·ny    ( P )  Pronunciation Key  (krn)
n. pl. cro·nies

A longtime close friend or companion.

http://dictionary.reference.com/search?q=crony


PPS
By: highonwavx
28 Dec 2003, 12:52 PM EST Msg. 103650 of 103651
Jump to msg. #  Go
OT: Cm...

I hereby request that you at least post one new message a week, we will call it CM's Corner, where you can highlight anything new you would like to add to this long journey.

Deal? , by the way look for a MAJOR PR in Q1

shhhhh

High

http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00135&read=103650

are voids the voids' worst enemies? SEC investigation & *still* people post stuff that smacks of inside info... what a mess!