Replies to post #244889 on Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

Golpe that's kind of bogus. The terms of the deal stated they had to find a way to monetize those patents some way some how...and they could not do it. They had years leading up to that point and could not get it done. One can speculate the reason as to why, but where is the proof? The only proof we have is in the rotten numbers quarter after quarter. It took years for those numbers to even show any upward movement. Once DELL came on board those numbers moved much higher, but it's very apparent that DELL was the driver. Isn't it also very possible the reason they closed some of the other deals they had was because they could roll out the DELL name in a sales pitch? I don't think Papa Gino's brought in any other business. I think their business was almost all DELL-centric and the attachment to that name. Once DELL peeled back, the revenue did as well. That's really all there is too it.

Take a look at the company that paid the 3 million. It makes sense since they bought Ntru a few years ago and the work that Ntru and Wave did a decade or so ago. With their client list this was a drop in the bucket. The Wave domain going for 100K makes sense for the company that bought it because of what they do. The name never fit the product anyway.

I understand there is reasons one wants to attach as to the why's. There are real costs to these security breaches and data theft. I cannot imagine there was this concerted effort to bleed the company out to swoop in and pick the bones...not dragging out for more than a decade anyway. This was a company that was mismanaged by somebody who had no fiscal prudence and no experience in the CEO seat for over a decade. There was a vision that was presented and validated by posters- lets call it what it really was -a hobby- because for the most part it was not their industry in which the living was made. It was information cobbled together from the internet and from what the learned from talking to those inside the company. And there were posters in the midst who partook and most likely profited in private placements.

The tainted vision of the company held by the shareholders was so different by those who had to actually entrust it's security of it's company to and the cash investment that comes with that. That was apparent quarter over quarter for years. Some chose to ignore this very simple piece of DD.