Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Actually 3 times 45 on a pre split basis. But the Nasdaq was also at 5,000. Unfortunately those old prices, while real at the time, were part of the 2000 illusion.

A better measure is probably 15 to 20 or 45 to 60 pre split where the stock traded for a relatively long time and many had a chance to buy and sell at. If current Wave ever gets to 45 to 60, I would view it as a return to a price you really could have rationally sold at (thats the real opportunity lost in my opinion). At the time 15 times shares outstanding was not an absurd market cap if Wave actually was selling a real product. Of course as we now know, their current revenue is about what we predicted 8 years ago.