Replies to post #239706 on Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

Zen...even if one wanted to defend the lying about orders and pipeline, it just cements that he had no clue about the market space and what it was really going to take going forward to make money and be viable in the space. You don't say the things he said knowing that the impediments were still going to be an ongoing issue. Yes a CEO needs vision but one that needs to be based in some sort of reality. The fact that he hasn't left a year after being removed let's me know he hasn't been approached and the genius vision thingy is one shared only amongst his message board disciples.

[aleajactaest]

I do.

First, MS found a use for TPMs in Bitlocker. Now MS seems to have found new uses for TPMs securing the OS for Windows 8. So it isn't strictly true that no one else was using them.

Wave chose a different market - enterprise users. It was seeking customers who wanted to secure their own data in a group setting with central management.

But Wave built a product that few wanted. Maybe the CEO should have built products folks wanted to use in and of themselves. Or found a strategy that was otherwise less dependent.

[barge]

Hi Zen---The so-called lies of SKS.

Actually many of the lies were introduced unwittingly by a few investors. There is always the acute danger that if an investors gets info from an insider that information will be communicated without the proper context and bereft of any critical thought.

Here is a perfect recent example of what I'm talking about.

We recently had a Tweet (see below) from Bill Solms. It was instantly interpreted to mean that Solms just had a meaningful face to face conversation with Ballmer about Wave! Unfortunately the tweet never said that. Not even close. But this remarkable assertion posted a few weeks ago, REMAINS uncontested. Many thumbs and toes shot up, way, way, way up in spasms of celebratory joy. But no one dared pointed to the obvious. Hey, maybe we're totally misreading a simple tweet.

Here's Solms tweet:

"Had a great conversation today at WSJD Live with Steve Ballmer. Great insight on how Wave and MSFT can work together better".

Please note it does NOT say he had a face to face or private chat with Ballmer. What it says is that he was present with other participants during a "great conversation" at WSJD Live with Ballmer as the featured speaker. No doubt there were great tips given by Ballmer to the many folks congregated about how they could improve their relationship with MSFT. But was there some kind of private face to face conversation between Wave and Ballmer is NEVER said in that tweet.


Now just imagine if this identical information was conveyed privately and verbally by Solms to an investor. Yikes can you imagine the spin which might ensue?

A private e-mail is sent to "special" investors" by our privileged investor.

"This is not to be communicated to others! I have heard DIRECTLY from SOLMS that he recently met PRIVATELY with......BALLMER......YES, OF MSFT.......BALLMER wants to work more CLOSELY WITH WAVE and he gave SOLMS personal advise on what needs to happen next! Keep this to yourselves. Please!"

This type of 'lie' happened all the time for years. Did Solms lie with what might be considered a deceptive tweet? Legally, no. Did SKS lie when he spun spellbinding stuff about nearly bursting pipelines?


Sure SKS lied, not in the legal sense, but perhaps from an ethical perspective. I would argue that he "lied" to keep the company alive, and NOT for purposes of malfeasance.

Should CEOs be required to wear Boy Scout uniforms at CC and at SHM?