Wave Systems Corp. (fka WAVXQ)

[telstar2012]

May1sep2...of course we want Wave to succeed, the problem is they're so bad at execution, governance, finance and talking to investors straight....end result Wave credibility is shot on the street.

Expansion to exploding markets like mobile are great, but why create an army of sales when a brigade will do and afford? Plus the market is developing so not like we need the whole world now.

Wave has a chronic problem managing their business, control spending, adding family to payroll and a CEO who lies...now add Scrambls, wxp, etc investment drains on a thin balance sheet run by brothers and dad ALL paid great money.

So great move into mobile....except Scrambls car sponsorship budgeted as shareholders losing their collective butts. This is lack of focus on core business that's drawing the company and no rev model revealed. Horrible management decision!!!

Personally think its just short of a miracle Wave alive with SKS running the co into the ground. Sooner SS and family sprague exit this company, the sooner we see success.