Wave Systems Corp. (fka WAVXQ)

[howard_b_golden]

Barge, your post about your lunch was very informative.

I don't see any problem with Mr. Sprague having lunch with shareholders. I'm sure his lawyers have trained him about what he can and can't say.

One part of your report was puzzling to me. You state that you believe he was using "misinformation" or "misdirection" in some statements. Perhaps he was being very truthful and your belief was incorrect. It seems to me that a CEO is more likely to either answer truthfully or decline to answer at all, rather than misinforming or misdirecting. I think this would be especially true of Mr. Sprague, with all the lawsuits Wave is now facing.

He may personally expect better results than he states, but he is perhaps being conservative in the predictions he is willing to say aloud. I don't think anyone could blame him!