Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Ramsey

I could offer another view. Wave has had several pretty good investment firms representing them over the years because their businees model and story is compelling. For the same reasons they got us investors and the wide range of partners or almost partners. However given the lack of actual traction many have left including some investment firms that were believers.

So far SRA investors have been able to make some money because of the sharp discounts relative to when the conversations begin. I honestly don't know how many of the investors from earlier placements still have shares and skin in the game. That's not to say that SRA is not better than some others but it is difficult to view the placements in too high esteem other than they got it done and in these markets and wave's track records you could imagine worse outcomes. Unfortunately if traction doesn't appear soon, we won't have to imagine it. I really didn't think it could go on as long as it has but I guess as long as the share price is listed and above 0, there is enough margin to provide gains to buyers of the placement. All at our expense I might add.