Replies to post #27931 on Wave Systems Corp. (fka WAVXQ)

[november 4th]

oknpv....I'm not saying that replacing key management is a good idea. In fact, I agree with you that it's a bad idea. However, I absolutely agree with CM, Magdelina, and some others that the company and investors would probably be better served with a meaningful (and IMO, overdue) change at the BOD. For the reasons why, I again defer to the to the frank, well composed detailed posts provided by CM and Magdelina approximately a month or so ago.


That's all. Not trying to cause arguments here.

[Bull_Dolphin]

oknpv and others tweaked by CPA & cohorts. Relax... it's just another red herring, and after three days it's starting to stink. The vocal few are but a tiny pimple on the face (or elsewhere) of Wave investors. The vast majority of Wave shareholders have faith in the company and the management... otherwise they wouldn't be invested. It's meaningless, they don't have the votes to be heard anywhere but here.

regards

[go-kitesurf]

okpnv,

I get the feeling that's what some posters really want. Just an opinion.

A shareholder has an opinion in a publicly traded company. Unfortunately for most companies and most shareholders, its not good for much. You have to be a shareholder investing in the potential of making money with the investment. A public company's difference from a private one is that you are free to invest, and they are free to take your money. They don't have to listen to you, though (unless enough complain at once). The beauty of it is that you can sell whenever you want to and get your money back (sometimes more, sometimes less).

I remember when one of the partners at HAUP suddenly passed away & the stock plunged....I owned some at that time.

If this is a fear for you with Wave, you should invest and trade the cubes or the spoos. This way, since the QQ represents a lot of companies, it won't crash from one CEO's demise. Plus, if this is a fear, the nature of Haup and Wavx being very risky are probably too much risk, in my opinion. There is a fundamental chance that Wave goes away and leaves us all with nothing. People here should accept this and be prepared for it.

think future proxies will remain quite lopsided for the BOD so why make bad PR?

Exactly my point, as well. Why blow bad wind their way. They are busy enough trying to satisfy shareholders (themselves being the largest).

[tampa123]

oknpv - Why are you like that?

You immediately turn an opinion that a change in the makeup of the BOD to be conscrued as a shareholder's revolt? A shareholder's revolt is if we bonded together to vote controls differently than they are currently. I don't think anyone, except the extremist is suggesting anything like that.

So please stop trying to take it down to a revolt level, as soon as there's some concern over how revenue is, or is not being generated. That's not right!

No matter what any of you Koolaid drinkers say, or believe, this business, in the end, is all about making money. And at some point, Wave management needs to move past the good idea stage, and into operationalizing a revenue producing business. That means sales, contracts, predictable top-line sales, and recurring-revenue strams. Not speculation! Not it's gonna be great! ~ When? How? How much? These are the answers that it's time for now.

What's so frustrating to many (at least me), is that we (I) truley believe that Wave is involved in many, many opportuunities, with some extremely large partners, but that they (Wave) haven't figured out how to get their own revenue stream going any time soon, because all the others control their destiny, and will want to get theirs first. That creates an indefinte revenue timeline, and it sends the message that Wave can't money on its own, in any way, shape or form without someone else telling them, or allowing them to make it.

To me, if Wave had another $120 million, and could afford to take their learnings and apply them now, I'd be less concerned. But, if I were Wave, relying on everyone else's timelines, and having very little money, I'd be worried. And, I'd probably be acting just like they are now. Nothing to say. Nothing to say. Nothing to say.

A shakeup might bring in more money too - who knows? If it's a powerful, well-known leader putting their faith in, and weight behind Wave in Sales or Executive Leadership, Wave might be better off. I say might because I admittedly don't exactly know where Steven has gotten us (really) to date. To me, that's also concerning ~ taht we don't know, and he can't tell us.

T123