Wave Systems Corp. (fka WAVXQ)

[bridgebuilder]

Dig...scrambls.
I'm not sure how you derived from my post that I said shutting down wavexpress after they ran out of money was a prudent move. I wrote no words even remotely resembling that.

What I did say ,in summary, was that wave got burned badly by embarking on a side venture when the company couldn't afford it. This resulted in them spending a bunch of money and then having to dump the venture with no perceivable gain from it and considerable hurt to investors. I then reasoned that management would be smart enough not to start another side venture when the company couldn't afford it (read the this requires one to have trust in management still statement). Further reasoned that since they did start another side venture that they must be confident in near term revenues of the base business (in able to be able to afford the non revenue producing start up side venture without further dilution)as they surely would not make the same mistake twice.

Now one could argue that they have already spent money on scrambls and are currently diluting us via the ATM and therefore are repeating the same mistakes. That would be tough to argue against other than to say hopefully the scale is much different and the core business revenue is around the corner in terms of months instead of half decades.

Excessive hope and rationalizing away all faults and fears are key elements to being a wavoid.

bb