Replies to post #238102 on Wave Systems Corp. (fka WAVXQ)

[aleajactaest]

hi blue,

couldn't agree more. i called it the unsafe harbour for many a long year for a reason. it wasn't that i felt it was okay.

once i learnt the management used puffery as their defence in the lawsuit, i thought they had lost much of their credibility as stewards of the company from a shareholder perspective. the judge was incensed.

but although the embroidery was briefly held in check, and for a season or two wave's income grew, eventually the dilutive model required more evanescent material to produce the cash wave wanted. the carrots were proffered and removed. the pipeline was full, but only with dead leaves. and the shares were distributed with a wink and warrants attached.

he should have been fired for this process years ago. the lack of integrity in the harbour was another part of the same whole. success doesn't require falsehoods.

[dig space]

Blue "Maybe we simply have not given the new CEO enough time, but surely Solms must realize his window is a short one and if execution does not begin soon, he will face massive desertions from the loyal longs who stayed too late and too long at the dance with SKS calling the tunes. "

There is no doubt they need to start selling things.

Solms has rather consistently point to Q3-Q4 as to when to expect results, a defined performance window if you will.

They have exhausted 13% of that window without a reported significant sale.

I'm still thinking they will spare no effort in seeking to not show up at the Q2 CC empty handed, as those numbers are going to be rough.

Not only have they pointed consistently to Q3-Q4 2014, but they also have stated that the recent PP gives them amply resources to effect a turnaround, and only a brief moment with an abacus indicates that ca. Q1 the treasury starts to wince if one extends most recent quarter trends.