Replies to post #240223 on Wave Systems Corp. (fka WAVXQ)

[Bluefang]

NW: You wrote: "Nevertheless one can see from Solms' background that he is good at logistical analysis and planning, quick on his feet and knows how to pivot when necessary."

Does his record thus far support such praise? Maybe the pivoting part, because he has pivoted on two of his first important goals he set for Wave--either a turn around, or the first signs of it are both missing. CFBE was his goal for year's end. He has hit neither, nor has he sold anything in more than a year.

About Solms's his timeline, he was given many opportunities to adjust them, but as recently as last month, he was reaffirming he expected to hit his goals.

How does this not sound like his predecessor, whom you also praised, even as he was driving the company down the road to ruin.

What do you see that entitles Bill Solms to anything, other than condemnation for making reckless statements he can't back up? Didn't we have a belly full of that stuff under SKS? Why would Solms go down that same path, knowing the history and knowing he's on a short leash?

What is there in Wave's 26-year history that gives you any hope at all about its future for shareholders? Where are the successes, or any success at all to give you such confidence?

We are perhaps 2-3 weeks away from another Nasdaq de-listing warning--and unless sales come along soon, the only cure will be a third reverse split.

The new shelfie is just sitting there like a ripe cherry waiting to be plucked and eaten at shareholder expense (more dilution on top of a ton of it).

I find your continued confidence in this abysmal failure of a company baffling. Can you tell us what you see that wipes away all the misery of the past two decades for shareholders and bodes promise of ROI for investors treated shabbily, lied to, and pumped by the company with expectations that never came close to coming true. What is different now?

Yes, we have a new CEO. Where is his performance, or any single thing that would bolster your confidence in him to write such a praising post?

Blue

[aleajactaest]

hi nw,

wave isn't the first to face the obstacle of being a mouse amongst giants. every large company once was a small one that had to overcome the issue of its scale. there are also many advantages to being an agile innovator.

if solms has contracts which only require wave to have money in the bank in order to garner a signature, maybe he could take his banker into a few meetings with prospective customers and get a loan on the strength of the confirmation that this is their only issue.

for myself, i am not convinced this really is the main issue. it may be a convenient excuse. but it doesn't matter so much to me either way as i am more in the business of counting beans than figuring why the can is empty!!

[waveduke]

New Wave,

my point on credibility was specific to shareholders. Shareholders are not buying the story based on the share price. If they did, they would/should be buying hand over fist.

I know the challenges of small companies selling to big companies. All of these hurdles can be overcome with creative thinking. I have done it and know it. At the same time, big companies can be a big pain. Many of them suffer from too many cooks in the kitchen and policy for the sake of policy.

Let's hope Bill and company have made changes that will produce results that will be obvious to all. Clearly words describing change and improvement are no longer enough for shareholders. Shareholders have determined they must see to believe. Bill has made it clear he believes things will get done. His credibility will grow exponentially over the next couple of months or it will decrease exponentially. I favor the former from a probability stand point, but you never know.