Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

Never made a comment about wether the 400M was beneficial or not. Dosen't change the fact that that money has been booked as a loss.

Since you bring it up, how is this money lost any more valuable now? Because of the size of it?

This loss has been there forever so any company who made the offer could have acquired something you deem so valuable many times over the years.

Here is some more speculation that you will probably think is wrong as well.

We can all agree that there has been severe mismanagement by those running this company over the years that is public record and not speculation. To the point there have been suits that have been settled.

Do you think it's possible that given the past history there hasn't been a buyout of this company because of the possible liability that may come with that?

Here we have another example of misteps in the 8K released last month that restated pretty much was was said in the 10K from March.

" Our management identified a material weakness in our internal control over financial reporting as of December 31, 2012. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis. The material weakness identified by management as of December 31, 2012 related to our failure to maintain sufficient professional accounting resources to effectively execute our internal controls and procedures over significant, complex accounting matters. See "Item 9A—Management's annual report on internal control over financial reporting" included in the December 31, 2012 Form 10-K filed on March 18, 2013 for further information. In addition, based on an evaluation of our disclosure controls and procedures as of June 30, 2013, and due to the material weakness in our internal control over financial reporting described above, our chief executive officer and chief financial officer concluded that, as of such date, our disclosure controls and procedures were not effective.

We have begun to implement remedial measures designed to address this material weakness. If our remedial measures are insufficient to address this material weakness, or if additional material weaknesses or significant deficiencies in our internal control are discovered or occur in the future, our consolidated financial statements may contain material misstatements and we could be required to restate our financial results. "


http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001047469%2D13%2D002979%2Etxt&FilePath=%5C2013%5C03%5C18%5C&CoName=WAVE+SYSTEMS+CORP&FormType=10%2DK&RcvdDate=3%2F18%2F2013&pdf=


The accounting firm they retain also agreed with the assessment from the SEC.

It's these deficencies in attention to detail which has probably cost this company business and the buyout scenario which so many have posted about over the years.