Replies to post #244682 on Wave Systems Corp. (fka WAVXQ)

[Bluefang]

Golpe: The problem is, if you get caught with a bunch of shares when it is officially over, those shares are worth zero. It's a dangerous game, wading in among the manipulators, shorts and players [not our beloved Player 1234].

What would you be buying shares in? Answer: a hollowed-out company with no revenue, no possibility of revenue, employees gone, and an unknown time left for the music stoppage and everyone trying to find a chair.

IMO, I would stay away from it. My guess is, as soon as a big investor comes aboard and buys a bunch of shares hoping to make a few bucks by trading--that's when the hot air will go out of this paper bag--leaving the investor with a heap of worthless shares.

Seriously, the odds are against an amateur getting in with professionals who do this for a living, and still expect to win.

Isn't that how you stayed in the losing game this long? IMO, throwing good money after bad in an effort to catch up is foolhardy.

But, hey, it's a free country--jump in and I hope you score big. If so, you will be one of the rare few who did.

Best wishes in your quest--

Blue

[player1234]

I have played around with companies in Chapter 11. But those were very short-term trades with large companies.

I would not touch a company in chapter 7.

The NASDAQ will eventually delist the company but it can still trade on the pink sheets. However, don't expect to see any financial statements from the company.

[cypher]

Why... there is no company left..
If anyone was going to buy the IP it would have happened when the engineers were on board to execute it. With everyone let go, and offices shut who knows even where the hardware is that would have held their source code... It could be in someone's garage for all we know right now..

As of now I would consider the value of wave the scrap value of the hardware, and whatever the trustee may get for any patents.
I do not believe any time line has been set for any sale. As much as I know is that trustee has to find money primarily to pay the ex employees, then any other secured/unsecured creditors.
It may turn out the loan sharks now own the patents by default.. So what's left may just amount to a few 1000 in value of IT equipment and office furniture..