I have to apologise for my previous message, Wave has no debt indeed, my info was wrong. Instead I understand Wave lost about $300+Mio. all written of and paid by taxpayers...
On the other 2 points which provoked some comments too let me say following:
HP is using Infineon but I strongly suspect they are working on their own solution. Infineon is not a solution in long-term, Wave is offeered by the archenemy Dell( Wave has to become industry standard before HP touches it or it makes Wave industry standard, too good to be true) but there is one more critical reason for own development. DoD has extremely tight limitation on foreign equipment procurement. Would they accept a foreign solution just in the security area? Very difficult to imagine.
Finally on the stock price. Applying the reverse splitting Wave has been once at $150! Does anybody believe Wave will move from $1.5 to $150??? Much more realistic is Dutton prediction of §4 in the next 12 months. Lets make it clear: Dutton is the ONLY analyst looking into Wave and recommending it. The reason is very simple: Wave pays for the research. Nevertheless Dutton is doing an honest job and is openly stating that it is impossible to predict Embassy acceptance in the market. No other analyst will touch Wave for a very simple reason: should the company go bust, they will loose right away their jobs. Would anybody be prepared to recommend a company whose fate is very much open. SKS might make X presentations to any analysts gathering, there will be no change and it is a waste of time. The only thing which will change the status quo will be revenue and break even figures. Do not get me wrong, I am a Wave investor too and I hope the company will succeed. But there is no guarantee. What worries me additionally is the huge amount of money paid to company executives in the present situation. No voluntaries to take a substantial salary cut, not a fair sign. Well, by the end of the year everything will clear up in one way or other.
AI
