Wave Systems Corp. (fka WAVXQ)

[gucci1]

Many people here agree that SKS is one of the most incompetent and dishonest CEOs in NASDAQ history. Nothing whatsoever qualifies him for the job and he proved that with admirable consistency over the last 10 years or so.
Even so there are some points which are still are arising some questions unless the guy is completely out of self-control:

- An almost bankrupt company Wave is acquiring a totally bankrupt company Safend and with it is loosing the last few finacial resources the company owned! Behind Safend has been Intel capital. Was this a deal for Wave´s future too because otherwise the move is just too stupid to be true. Another explanation would be that SKS still dreams about delivering a security solution for everybody and everything to become master of the universe but then he got completely insane.

- the hiring of a significant number of sales people (related to Wave size) who sold NOTHING is again something which cannot be justified with a sane mind. That BoD signs just about everything coming on its desk is known but is this not just above the "normal" insanity?

- to invest again millions in Scrambls, something well away from the company mainstream and then give away for FREE is a TV Tonic 2, again something what cannot be explained with a sane mind. Even nepotism has its limits when is coming to a final blow to the company.